Another tip for you or anyone interested in technical, go to Tradingview web site and look for user timwest, he is one the top poster or you can click on the label Top right next to his name to see other top poster. Have fun
Dude, you trade base on message board posters? If posters change your view of trade, don't read the message board. I barely listen to CNBC while I trade, not even watching market news live feed where it prints the news before CNBC read it to general audience. Market only go two way, up or down, you have probability of 50/50, that's better than Las Vegas.
- I spent too much time go through message board when I first learn to trade, I learn that most, I say most message are useless, better spend those time doing research, play with indicators to see which one work best. An indicator work for one time frame doesn't mean it will work with other time frame. For example, if you take bollinger band with default setting=20 and put it on Daily, Weekly, Monthly chart, you're screw. GL hunting.
You're doing good there, last time I saw you have $46 and change
Nobody is right all the time, that's what make the market. I didn't expect UNG hit 8 so early, those who short at 2.50 (weekly chart double top) are covering. For short position, watch NG 2.64-2.65 and 2.7. GL
B, I don't trade NG in the summer, so I don't pay much attention to NG, just checking UNG board occasionally because I enjoy reading the posts and nice people here , been busy day trading other future, Japanese Nikkei 225, oil, gold, soybeans, Emini S&P.
-For UNG, it's hard for me to tell where the price is going since it's a derivative of NG and the fee that eating up, but if UNG can get to $8-$8.50 the end of this month (just an estimate), take some profit off the table. GL
Very good record keeping billy, for me, I don't trust any report. I know you are not a chart fan but I only post what I see or what I think. If you look at monthly chart (from Jan to April 2015), there is a resistance around $47.50, it already broke that. If oil break above last month high at $50.21 and stay above $50.50 (even number are nature support/resistance) then I see that oil will go back to $55-$56 by the end of summer (could be sooner), there is also a gap at $56 on weekly chart need to be filled.
-My oil level to watch is $47.50 to $50.50 , above I go long, below short it.