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  • #13,081
  • Sep 1, 2021 5:52am Sep 1, 2021 5:52am
Quoting kerndc
{quote} Hi, NATGAS looks as if its about to start a new trend. this is what i can see with possible targets. we have what seems to be a confirmed Marubozu candlestick. The last time a Marubozu candlestick formed was 1 Nov 2020 and afterward NATGAS moved DOWN +-17% to its 50 week ema . The uptrend from 28 June 2020 preceding the candle formation was +-66%. The uptrend starting from 11 April 2021 which ended at the current candlestick formation on 15 august 2021 was +-43%. This time around the distance to its 50 week ema is +-25% below... only time...
NG did not play out as anticipated. I did sell it as my conviction then was strong... clearly i was absolutely wrong.... but i also bought/Hedged around the 23 /24 AUG . unfortunately both positions were closed out automatically for a net loss of almost 20% . The broker did not automatically roll over the futures contract into the new contract is the reason why i was stopped out. things are looking different now. NG is going up selling is not an option this week as momentum is strongly bullish.
Trend_Masters
  • #13,082
  • Edited 8:53pm Sep 2, 2021 8:40pm | Edited 8:53pm
Have been holding quite a chunk of change in Uranium stocks for the past 4 years and finally looks like the Uranium Bull market is starting.

Call opition volume on Cameco (largest Uranium producer) just past 450%, 6 most active of all US-listed options today.

Uranium - Throw away the bitcoin.
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  • #13,083
  • Sep 2, 2021 8:46pm Sep 2, 2021 8:46pm
Quoting kerndc
{quote} NG did not play out as anticipated. I did sell it as my conviction then was strong... clearly i was absolutely wrong.... but i also bought/Hedged around the 23 /24 AUG . unfortunately both positions were closed out automatically for a net loss of almost 20% . The broker did not automatically roll over the futures contract into the new contract is the reason why i was stopped out. things are looking different now. NG is going up selling is not an option this week as momentum is strongly bullish.
That's trading good and bad.... Its good you covered and closed. It nearly always stretches out at the end. The trade will come but I have to see some volume drop and reaction in pricing first.
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  • #13,084
  • Sep 6, 2021 2:23am Sep 6, 2021 2:23am
Platinum could be looking at swing change here.
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  • #13,085
  • Sep 6, 2021 2:33am Sep 6, 2021 2:33am
AC longer-term possible change to upside thoughts. Shorter-term possible shorts.
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  • #13,086
  • Sep 7, 2021 4:58am Sep 7, 2021 4:58am
Quoting squawk
{quote} EG was a great short trade in 2021 and now EG moving into an area thats looking interesting for possible longs. https://www.forexfactory.com/attachm...1&d=1616481812 {image}
What I would like to see on EG
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  • #13,087
  • Sep 7, 2021 5:06am Sep 7, 2021 5:06am
GN Starting to look interesting but momentum may be lower.
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  • #13,088
  • Sep 7, 2021 5:11am Sep 7, 2021 5:11am
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  • #13,089
  • Sep 10, 2021 2:50am Sep 10, 2021 2:50am
Quoting squawk
{quote} That's trading good and bad.... Its good you covered and closed. It nearly always stretches out at the end. The trade will come but I have to see some volume drop and reaction in pricing first. {image} {image}
NG still moves higher with no real selling.
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  • #13,090
  • Sep 13, 2021 11:40pm Sep 13, 2021 11:40pm
EU areas I like for buying.
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  • #13,091
  • Sep 13, 2021 11:46pm Sep 13, 2021 11:46pm
Quoting squawk
AC longer-term possible change to upside thoughts. Shorter-term possible shorts. {image} {image} {image}
Looks like rollover is on AC. But fundamentals coming as well.
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  • #13,092
  • Edited 2:59am Sep 17, 2021 1:54am | Edited 2:59am
Quoting squawk
{quote} NG still moves higher with no real selling. {image} {image}
NATGAS is an area that should give some selling pressure. Some reaction here so far. This is a very deep crab extension here.

Fundamentals are still bullish but technicals say possible selling here.
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  • #13,093
  • Sep 17, 2021 2:00am Sep 17, 2021 2:00am
Quoting squawk
{quote} Looks like rollover is on AC. But fundamentals coming as well. {image} {image} {image}
All out of this trade. Nothing here at the moment. Looking at possible longer-term buys at a lower run.
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  • #13,094
  • Edited 5:21am Sep 17, 2021 4:51am | Edited 5:21am
Quoting squawk
Platinum could be looking at swing change here. {image} {image}
A platinum chart along with a ratio chart. Very undervalued in relation to gold at this point. It was Oil, then NatGas, then Uranium where all had the low bottom ratio against gold. Well, now it looks like Platinum has value buying.

Thinking 900 might be the bottom based on the breakaway candle from the last price surge. Look to scale in here to 900
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  • #13,095
  • Sep 19, 2021 3:38pm Sep 19, 2021 3:38pm
Quoting squawk
{quote} A platinum chart along with a ratio chart. Very undervalued in relation to gold at this point. It was Oil, then NatGas, then Uranium where all had the low bottom ratio against gold. Well, now it looks like Platinum has value buying. Thinking 900 might be the bottom based on the breakaway candle from the last price surge. Look to scale in here to 900 {image} {image} {image}
Hi S,, YOUR STILL LOOKING AT IT,,MMM ITS LOW YES NEEDS TO MOVE UP,, HAVE A LOOK WEEK AND DAY CHART ,,US 500 MMMM COULD BE A GOOD ONE,, REGARDS E
  • #13,096
  • Sep 20, 2021 3:50am Sep 20, 2021 3:50am
Quoting elbert3
{quote} Hi S,, YOUR STILL LOOKING AT IT,,MMM ITS LOW YES NEEDS TO MOVE UP,, HAVE A LOOK WEEK AND DAY CHART ,,US 500 MMMM COULD BE A GOOD ONE,, REGARDS E
Hi Elbert, Yeah I have my eye on it as well from a risk watcher. If it does go think it will affect all across the board but think metals and energy will be the big come-outs. My biggest positions are in and have been for some time Uranium, Nickel, Silver, and Oil. I think Uranium is the best play setup but is vulnerable to pullback from the spike we have had.

I am waiting on Platinum to add in because I think at these levels it is representing good value against the other metals on a ratio basis.

Hope all is going well for you and your trading.
  • #13,097
  • Edited 4:26am Sep 20, 2021 4:15am | Edited 4:26am
Any fingers in the air for the probability of "If it does go think it will affect all across the board"? It looks ripe for a pull back to 3700ish, but I suppose it depends on Chinese and US stimulus.
  • #13,098
  • Sep 20, 2021 4:40am Sep 20, 2021 4:40am
Quoting Steamroller
Any fingers in the air for the probability of "If it does go think it will affect all across the board"? It looks ripe for a pull back to 3600ish, but I suppose it depends on Chinese and US stimulus.
I don't make predictions on the US index. No one knows these days what or how much money will be thrown back at it by the fed. China has an issue with the developers but the loss and the sum of it is known but who knows who is entangled in Evergrande.

Volatility is up but not a huge amount and October is coming. You could go down a rabbit hole talking about the fed, stimulus, 10-year bond, and Inflation pressure. For the shorter term, I am looking at China, Volatility, the 500 channel, and the October sell-off. Personally does not seem to be enough volatility at the moment.
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  • #13,099
  • Sep 20, 2021 4:20pm Sep 20, 2021 4:20pm
Quoting squawk
{quote} NATGAS is an area that should give some selling pressure. Some reaction here so far. This is a very deep crab extension here. Fundamentals are still bullish but technicals say possible selling here. {image} {image} {image} {image}
NATGAS areas seeing that could hit some buying limits.
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  • #13,100
  • Sep 21, 2021 3:54pm Sep 21, 2021 3:54pm
Quoting squawk
{quote} A platinum chart along with a ratio chart. Very undervalued in relation to gold at this point. It was Oil, then NatGas, then Uranium where all had the low bottom ratio against gold. Well, now it looks like Platinum has value buying. Thinking 900 might be the bottom based on the breakaway candle from the last price surge. Look to scale in here to 900 {image} {image} {image}
Some good movement of 900.
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