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TFC Commodity Trading Forum

Re: Natgas Weekly/Trades
In Response To: Re: Natgas Weekly/Ronbo *PIC* ()

Thanks for the chart Trades...and thanks especially for your trading advice and experience that you bestow to me and to others on this forum!
Like Haligonian says, your insight is much appreciated even if not always agreed with as far as market direction...it is always helpfull to have an experienced opinion bring you 'down to earth'...or 'throw a little cold water' on ya when ya get a little too revved up about the possibility of a move that might have some technical incumbrances that you have a fresh insight for....and that you explain so elequently WITH charts and all...

I know you have helped me tremendously with your charts and observations...things like your 'modified macd' which are new trading tools that help smooth out analysis of technical breakouts, trend continuations and trend changes...

Speaking of which, I noticed the 'modified macd' on this chart has not broken up over the 0 line yet...and that is a bit concerning...I might hesitate to add new positions now until that is confirmed (As I recently took profits and scaled back on my positions)...
But I do still think that a breakout is immenent as there are many other positive technicals leading the way...as well as a very negetive sentiment that would cause a massive shortcovering on strength...(I am a contrarian by nature)

BTW, I noticed on the seasonal chart you showed that there is more downward bias...it is not balanced (unless natgas jumps like 6% new years day lol)...is this because natural gas was higher 19 yrs ago? That is the only thing that would make sense...

As far as silver goes...seems like the runup was an entirely different animal, but the collapse might be a mirror image almost...at least so far...because the magnitude of the first drop matched up and the rebound is approx. so far as well... it will be interesting to see how it plays out...

Anyways, thanks again...hope you have continued success taking a chunk here and there...

Cheers!

Messages In This Thread

Re: Natgas Weekly/Trades