Comments on: /NG Natural Gas Final Target Exceeded on Gap Up

By: Imadaytr8r

Imadaytr8r — Mon, 07 Nov 2022 18:13:45 +0000

In reply to Mikeflegel. I flipped to KOLD looking for a slow grind back down to close the gap. Tight stops for sure!

By: Mikeflegel

Mikeflegel — Mon, 07 Nov 2022 16:14:43 +0000

Well then do we stay BOIL Randy?

By: rsotc

rsotc — Mon, 07 Nov 2022 14:48:57 +0000

In reply to Brian396.

https://rightsideofthechart.com/ng-natural-gas-final-target-exceeded-on-gap-up/#comment-25361

By: rsotc

rsotc — Mon, 07 Nov 2022 14:48:39 +0000

In reply to Trent. I can't make a screaming case to short /NG here but a decent one for at least a pullback trade so I took a starter short before the market opened today & added a 2nd lot after the open but nothing big. Divergent high on this 10-min chart + near-term overbought = pullback likely following /NG's gap above T2. Also, UNG gapped up into the 22.71 resistance where the odds for a tradable pullback are decent (daily chart).

By: Brian396

Brian396 — Mon, 07 Nov 2022 13:54:41 +0000

So what are your thoughts on taking NG short?

By: Trent

Trent — Mon, 07 Nov 2022 13:53:44 +0000

Hi Randy

do you still view it viable to short NG after this gap up as per your analysis last week?

thanks
Trent