NGAS: Quarterly target hit rapidly, short squeeze ended...
I think 
NGAS will trend back down to the 2.88 region once more. Most likely peaked already, although weather being the coldest in years could be a concern, fundamentally speaking (nevertheless, this variable could be already priced in). Short entries should be safe overall, any rally is a short here in my opinion, just risk 0.25% on each attempt.
Cheers,
Ivan Labrie.
NGAS will trend back down to the 2.88 region once more. Most likely peaked already, although weather being the coldest in years could be a concern, fundamentally speaking (nevertheless, this variable could be already priced in). Short entries should be safe overall, any rally is a short here in my opinion, just risk 0.25% on each attempt.Cheers,
Ivan Labrie.
ملاحظة
ملاحظة
The rally was indeed a good spot to short, retesting the downtrend mode.
أغلقت الصفقة: تم الوصول للهدف
Probably a bottom after hitting daily target range. Could extend the fall but hard to not bounce here at least.
ملاحظة
Not yet bottomed but very close.
أغلقت الصفقة: تم الوصول للهدف
NGAS possibly will bottom around here: تم فتح الصفقة
I'm long from 2.647
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إخلاء المسؤولية
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.