Natty accumulation - drop, then rock n roll

٢٩ أغسطس ٢٠١٩

UNG ugaz DDGAZ BOIL GAZ UNL KOLD Make no mistake- ol natty will be quite bullish but watch for another big flush drop into this descending formation - very likely another drop before the bull can break out. Short term could be bearish.. wait patiently I may consider some UNG puts until we can break out of this.

٢٩ أغسطس ٢٠١٩

ملاحظة

I've learned to trust the stoch/rsi trend- it's changed my trading game by untold amounts.. red circle I would think HMMMM SHORT.. green circle HMMMM LONG..

٣٠ أغسطس ٢٠١٩

ملاحظة

similar bottoming pattern in 2016- descending broadening formation- bullish stoch/rsi divergence... I still suspect another down move but the rule would be to buy the breakout.. Looking forward either way.

٤ سبتمبر ٢٠١٩

ملاحظة

broke above... fake out or did Jack just get out of his box?

٦ سبتمبر ٢٠١٩

ملاحظة

the bull is out- I suspect a pull back before launch

١٦ سبتمبر ٢٠١٩

ملاحظة

I just added some longer puts on UNG. I remain bullish but with full expectation of pullback in the near term.

٢٣ سبتمبر ٢٠١٩

ملاحظة

I'm still eyeing support below and considering where my long entry's will be. The stoch/rsi should be a clue as well:

٢ أكتوبر ٢٠١٩

ملاحظة

slowly adding to my long long term position here. It's possible it falls back through pattern- I might set up a slight hedge here to cushion any drop. It could weeks or months to accumulate/build before the larger rally. I'm still thinking that 2020 and we'll see much higher prices