The DGAZ (3x inverse natural gas ETN) official swing trade idea gapped up to open at 108.47 today, where any standing sell limit orders at the final target of 106.05 would have been filled, providing a 23% profit on the trade. As this was the final price target for this trade, DGAZ & all associated posts for this trade will now be moved to the Completed Trades archives. Previous & updated 60-minute charts below.

/NG (natural gas futures) has overshot the uptrend line on what is likely a momo-fueled overshoot & has hit the 2.64 support level where a reaction is likely, thereby offering an objective long entry for a bounce trade with a stop just below today’s low.

NG 60m Nov 11th

NG 60m Nov 11th

FWIW, I’ve reversed /NG from short to long here & at this time, my plan is to periodically raise stops while holding out for at least the 2.72 gap resistance & possibly more, depending on how the charts develop and assuming that I’m not stopped out before then.