CannonTrading_Ilan
Sponsor
Daily on the right, weekly on the left. Looks like we are about to fill the gap from Sept. 24th. This market has been extremely volatile both ways.
What's your view on natural gas long term?
- Thread starter Sequoia1321
- Start date
CannonTrading_Ilan
Sponsor
More than a few gaps on the hourly chart.
Some levels to watch both above and below:
Some levels to watch both above and below:
There's a bullish accumulation that has been going on for 10 years, so I wouldn't expect any sudden moves in the short term.
Treating the June low is a Spring low gives you a real solid entry buy stop @ 2730 stop below 2547, and hold for years with a target of 13000 or so.
If it fails that, I wouldn't look at it again until it clears 3396, same target. We are talking years though. 5+ maybe more. Maybe 10. That's a lot of rolling. Profitable rolling if you can set your reminders.
How's that for long term? These are the type I like to do 2-3x leverage on and find something that has as little correlation to it to pair it with to reduce the overall volatility. Say like Palladium, which has an interesting long-term buy point nearby, with a tight stop (for long-term purposes).
Treating the June low is a Spring low gives you a real solid entry buy stop @ 2730 stop below 2547, and hold for years with a target of 13000 or so.
If it fails that, I wouldn't look at it again until it clears 3396, same target. We are talking years though. 5+ maybe more. Maybe 10. That's a lot of rolling. Profitable rolling if you can set your reminders.
How's that for long term? These are the type I like to do 2-3x leverage on and find something that has as little correlation to it to pair it with to reduce the overall volatility. Say like Palladium, which has an interesting long-term buy point nearby, with a tight stop (for long-term purposes).
