Trading Natural Gas.

[ashu1234]

oh..u do not trade..I thought..as u r giving calls..

well i am behind money..nothing else..

Well I manage funds professionally, but no personal trades and I'm not into call giving business. I felt like posting some of my trading and research thoughts here, that's all.

 

[jagadeesh_raja]

Well I manage funds professionally, but no personal trades and I'm not into call giving business. I felt like posting some of my trading and research thoughts here, that's all.

thanks for sharing ur thoughts & cont. to do so

 

[ashu1234]

Update:
Another Inventory week for Natural Gas, it has bounced back from the lows and if you can recall we are back to square one, i.e in the same trading range when this thread started. We've got the same low of 3.856 which i've mentioned in earlier post and price are resisting at 4.083. Natural gas inventory is expected to be positive around 96 B, if you go through the chart below its still bullish, so shorts below 4$ are favourable, and on upside longs above 4.121 which is another major level. For converting it to mcx level multiply it with current INR, that is 55$ approx and you'll get mcx levels.

 

[ashu1234]

4.083 gave a nice resistance and price again pushed back to the range after inventory. Real test is now break of 3.856. Inventory as expected continue to show bearish data.

 

[ashu1234]

Natural gas is loosing momentum here, plus has given divergence so nice place to short it from here. Sell @ cmp 231, comex sl 4.195$. Targets 4.101.

 

[EagleOne]

Arrey ashu bhai, didn't know that you had a thread, that too on NG!

By the way, I am also tracking NG right now. Please check some higher TF.

 

[ashu1234]

Arrey ashu bhai, didn't know that you had a thread, that too on NG!

By the way, I am also tracking NG right now. Please check some higher TF.

Haan Eagle bhai Ng ki thread hai, gold/silver ke thread maintain karna kafi demanding hai, NG k kuch swings pakad liye bas vohi kafi hai. Btw I'm posting all charts on hourly TF, one long term outlook on daily TF, plz have a look - http://www.traderji.com/commodities/86080-trading-natural-gas-6.html#post805500

 

[EagleOne]

Haan Eagle bhai Ng ki thread hai, gold/silver ke thread maintain karna kafi demanding hai, NG k kuch swings pakad liye bas vohi kafi hai. Btw I'm posting all charts on hourly TF, one long term outlook on daily TF, plz have a look - http://www.traderji.com/commodities/86080-trading-natural-gas-6.html#post805500

Hourly charts are fine for inefficient markets like ours, having duds like anil ambani as CEOs of the companies, but not in the case of internationally traded commos. NG is on the move up at present. So shorting might get one just little rewards and risk could be heartbreaking. Why NG is on the upmove? Do not know. But my PA reading says that it is. And that is enough for me. When it says it is not. I will consider shorting. Until then, I am waiting.


Yeah, just checked the daily chart you posted. I am hoping for the same as you are. But this is NG, so you never know!

 

[ashu1234]

Natural gas stopped out @ 4.195 (MCX 4.195*55.5=232.80 app).

 

[ashu1234]

Hourly charts are fine for inefficient markets like ours, having duds like anil ambani as CEOs of the companies, but not in the case of internationally traded commos. NG is on the move up at present. So shorting might get one just little rewards and risk could be heartbreaking. Why NG is on the upmove? Do not know. But my PA reading says that it is. And that is enough for me. When it says it is not. I will consider shorting. Until then, I am waiting.


Yeah, just checked the daily chart you posted. I am hoping for the same as you are. But this is NG, so you never know!

Yes ng is in upmove, just trying to short with some little stop losses like this one. I'm also waiting what moves it unfolds. I'm relying on daily chart and don't think it will make new high or cross 4.2. Lets see..