Comments on: /NG Natural Gas Hits Next Price Target, Testing Support https://rightsideofthechart.com/ng-natural-gas-hits-next-price-target-testing-support/ Stock Trading, Investing & Market Analysis Mon, 23 Jan 2023 00:06:42 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: HermonMunster https://rightsideofthechart.com/ng-natural-gas-hits-next-price-target-testing-support/#comment-24739 Tue, 06 Sep 2022 18:24:24 +0000 https://rightsideofthechart.com/?p=209040#comment-24739 What a day! I’ve been in KOLD for almost a month. Was down about 18% and now I’m up about 18%. I’m proud to have had the patience to trust the charts and wait for the reversal.

When I saw the news yesterday that Russia would not restart the nord stream1 pipeline, I thought for sure that natural gas would spike 30% or more. I’m not sure why the price would decline on such negative news, but I’ll take it. Prime example of why it’s important to just trade the charts. We will always have incomplete knowledge.

My stop is loaded to capture a 12% gain.

Tomorrow should be interesting. As of 2:20 est, UNG is sitting right at support. If it’s broken, I expect another 10% gain in KOLD in the near future

https://i.imgur.com/oNGn9R6.jpg

]]> By: michaelbt2 https://rightsideofthechart.com/ng-natural-gas-hits-next-price-target-testing-support/#comment-24737 Tue, 06 Sep 2022 17:03:47 +0000 https://rightsideofthechart.com/?p=209040#comment-24737 NG just broke and closed below 8.404, which was the support I had.

]]> By: 1111GhettoSpread1111 https://rightsideofthechart.com/ng-natural-gas-hits-next-price-target-testing-support/#comment-24727 Tue, 06 Sep 2022 13:25:59 +0000 https://rightsideofthechart.com/?p=209040#comment-24727 Great call Randy.

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