Natural Gas futures down nearly 18% in one day The heading above tells why. I am just not wired for this kind of volatility. This could well be a buy opportunity at a higher low, however. That is the kind of thing I could buy in a wild commodity like Gas. A buy as close as possible to 6.50 and a tight stop below that … Continue reading Why I left NatGas alone
From NFTRH 708’s Commodities segment… Gas on the other hand, while bullish, has a chart that is more suspect. There is a negative RSI divergence and a bad looking MACD. Okay, now watch it blast upward 10% tomorrow. ;-) Ladies and Gentlemen, I give you NatGas futures at +9.23% today. Ha ha ha… For “best of breed” top down analysis of all major markets, subscribe … Continue reading A little gaseous humor compliments of NFTRH 708
NFTRH 703 noted the buyable look of crude oil and bullish Natural Gas. This morning I added USO for these reasons… The daily chart, as noted in #703 The seasonal, which is still up through the summer (on average) Commercial hedgers (net shorts) books are far from a sell signal Public optimism is middling and muted at best As noted in the trade log, USO … Continue reading NFTRH+; More on Oil & Gas (ref. NFTRH 703)
I am not an Energy head, but this catches my eye. A subscriber asked if I would focus closer on Energy and I was a little bit dismissive (of Energy, not the subscriber) after having one highlight (and trade) in Energy earlier in the macro relief bounce. This prompted me to take a look at Natty (I already know what Oil is doing), which is … Continue reading NatGas Breaks to New Lows; Disaster or Massive Opportunity?
This post is sent to the entire list as it is a macro update as well as a trade update. FCG is a Natural Gas focused ETF (details here). The top holdings are… As noted, I am trying to use more ETFs and less individual stocks in my trading, at least in areas where I am far from an authority, like the NG sector and … Continue reading NFTRH+; Energy Sub-Sector Bull Pattern Activating Today
In my experience this has been a really tough market to gauge, technically. One day it paints a beautiful chart and the next day it wrecks it. That’s one caveat. The other is that I am not a Gas head from a fundamental standpoint. But then again, this is NFTRH+, a technical entity that depends on you to cover those considerations if applicable and if … Continue reading NFTRH+; Natural Gas From Several Different Angles
On September 22nd NFTRH+ had a bullish ‘look-ahead’ at the Natural Gas sector (FCG) and at the commodity itself. As noted to subscribers I sold FCG too soon when it went up and then went up some more, and bought UNG too soon when it went down, soon finding myself buying again on the further drop. All’s well that ends well. The pattern has not … Continue reading Gas Relief (Public)
A few charts catching my eye upon today’s close… The long-term T bond fund has popped back to a thick and notable resistance area after the ‘rising interest rates’ mini hysteria to begin the month. 10yr yield minus 2yr yield, AKA the yield curve, continues to consolidate downward but has not yet broken down. TIP vs. TLT is much the same. The implication will be … Continue reading Some Charts I am Watching
An NFTRH+ post sent to the whole subscriber list because it is also a macro update on a key commodity… Here is the daily chart of NatGas breaking out of a pleasant looking pattern. This short-term pattern targets 3.35 or so. MACD and RSI look very good as they are positive but not stretched. The weekly chart adds context, however. It is right at long-term … Continue reading NFTRH+; A Natural Gas Sector Look-Ahead
