Natural Gas - your advice please!
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Anyone trading Natural Gas? If so, I would like to hear your thoughts about what you think where the price is heading.
or what I read about price movements of Natural Gas, it's said to rise in price when the cold winter comes and bigger pressure on the buy market then. So we are in the right time for the cold winter to enter now and from the advice I got now it's a good time to start buying. I trade Natural Gas now for the first time, have set up a chart and looked at it for a month now to get used to how it moves. Everyone tells me, price will go up because of winter and that it doesn't follow indicator predictions. I have placed a short trade, because everything tells me from the chart that it should head down. I really want your advice on this!
or what I read about price movements of Natural Gas, it's said to rise in price when the cold winter comes and bigger pressure on the buy market then. So we are in the right time for the cold winter to enter now and from the advice I got now it's a good time to start buying. I trade Natural Gas now for the first time, have set up a chart and looked at it for a month now to get used to how it moves. Everyone tells me, price will go up because of winter and that it doesn't follow indicator predictions. I have placed a short trade, because everything tells me from the chart that it should head down. I really want your advice on this!
Note
Im right now in a short trade and have placed 2.50 as price to close the trade.Note
I didn't see the "cup with handle" before now. Followed the trends in since start on the chart and it show it has followed the pattern with going from the top to the bottom inside a channel without any exception. If this pattern will continue, the price are likely to to go up to top of the channel again and then to 6.20. Then when I looked at the cup with handle, it also show the price will go to exact same height. I will be in the short trade but be ready to exit it before moves down towards 2,50 and go long after that.
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