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 $50.50 , above I go long, below short it.
There is a fomula to calculate where the floor is, you catch the knife before it hit the floor. How do you think the hedge funds know when to buy.
-I feel bad for CLF shares holder, they watch too much cnbc, I've been there, done that, lost a junk of money. CLF was mention on the cnbc show almost everyday when the sector was red hot along with X (u.s steel) and WLT.
-Isn't that ironic, company is created to give customer discount and the shares is discounted 90% off from the high.
-Finally, found the customer support 800 number, had to read the instruction how to get to it. Common grpn, the customer support number should be on the front page. Talk to a nice lady and everything is good again. Just hope grpn doesn't go out of business so these employees can have jobs. And for you share holders, good luck. I don't have any position in grpn.
Just made my first purchase today on groupon somehow I can't re-login again after logout, it says my account doesn't exist (just hope the error cause by server down, happens sometimes), I look around and website and can't find 1800 number. #$%$, how do you feel piece of mind to make any purchase if you can't talk to any customer support.
There you go B, if you still in this long NG, time to take some profit off the table. $2.147 high today is the fib 76.4% retracement from Jan29 high (2.315) to the low Mar04 (1.611), in a bullish case, it can get back to 2.17 and higher next week, could be 2.19 but nothing is 100% certain. good luck.
Citron is not right all the time, but what if citron is right, last time they said GPRO worth $30 when the stock was flying high near $100. Wait until Golman Sach cross the river and they pull the bridge behind them.
To get to 2.17 is a long hard fight (I see more open interest on calls side than puts, that's a plus for bull), Weekly and Monthly are all green so I think it's possible but pay attention to Daily chart, it needs to CLOSE ABOVE 2.05 to get there, last time NG reject the high @2.074 on April 04 and closed below 2.05. Today high (2.051) was right at middle channel and SpanB line of ichimoku cloud, if your charting support channel drawing then draw a channel from from Mar 7 low to April 7 low , if not just draw two parallel lines from those lows so you can see where the price is going.
In another word, if tomorrow closed above today high, then there is a good chance it goes higher to your target. NG patterns end in multiple 5, 2.05, 2.10, 2.15. etc.. I only trade NG in the winter, now just scalping NG and trade other futures. Good luck.
Note: last year NG in the range(+/-) from 2.6 to 2.9 from Feb to Aug,
$1190 is good support but don't pull the trigger at that price yet if it get there (I have $1203), if you want to swing, just look at sto, macd, rsi on WEEKLY chart. Wait for sto at least hit 50 line. Stronger support around $1175, plot a horizontal lines on daily chart at those price and look back to see which line the price hit the most, that's strong support/resistance.
Bottom is in, can rebound back to $45 or higher, any news will cause short squeeze, buy some puts for insurance if you go long with shares (april $24 puts only cost $.70). Good luck.