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UK Natural Gas - Aug 24 (NGLNMc1)

ICE
Currency in GBP
Disclaimer
76.00
+1.81(+2.44%)
Closed

Natural Gas Futures Discussion Forum

gas is getting raped
August contract is showing resilience to stay on the 2.00x marker...
raheel where u are from
Canada, you?
raheel we have 1 month so we will get profit
Of course
I am looking at the month chart looking like a double bottom scenario as well... I was trying to explain the weekends volatility and ended up convincing myself to buy... Lol
raheel what happen now
Buy
raheel what happen now
I gambled
I sold myself the position haha
Ok I am in at 2.045
2.07 before close the last of August contracts rotating to September
There is one silver lining - the weekends are getting a whole lot volatile - if anything, take some non leveraged longs into weekend considering this has been sufficiently over-sold. Downside to upside in favour of bulls, if anything goes wrong geopolitically over the weekend, could be a big payout Monday. Gamble, gamble...
thank you raheel bhai
below 2 in previous series
7 weeks of bearish market would it break to 8th week?? recon will go down to 1.990 then up to 2.3 recovery next week
There is a cup handle formation on the year chart - we're correcting from the 3.00 zone and while the downside has room, the earlier 2.02 test rebounded very nicely...end of the week, end of the month position squaring etc. August might bring in fresh action to break above the 2.35... Fingers crossed, all the best!
square leg so more down u want to say
Who knows, personally I'm long and look at a reduced rig count and warmer weather as bullish
square leg so more down u want to say
Rig count reduced by 2 today and warmer weather predicted next week.
still very bearish....
nope
1.96 is also near so risk reward in short is not good
Don't sell, try to catch a buy at an SL price is what I would do...
If we TP 1.96 buy price what would be SL for example, put a bid at that SL price to buy...
raheel when it will start upmove this time there will be not a slow upmove it will be gap up form
Don't try to speculate it... Wait for all round news on fundamental to improve, weather to change etc.
But yes I agree, the time is near - with rate cut season, pick up in industrial activities in China and EU will increase the demand pressures - this quarter is the weakest and perhaps the bottom in demand side...
my gut feeling saying Monday will be big ga up
we don't know what operator is planning every indicator showing over sold but still it's not forming bottom
but in this area short is risky raheel
Don't short, don't buy, just don't trade...
Still the chart is in no man's land, more downside is possible...
mcx close hote hi gya niche
Support resistance bana diya...
Good day to all. Just a quick update. It is trying to create a base and closing above 2.075 will take it to close my bull/bear point at 2.10. I closed all shorts and I am long hedging short with a close below 2.04. Be careful with shorts at these levels.
Thank you Nicos
Thank you Nicos
something big is cooking for monday
don't short huge rally coming in this contract
directly jump to 2.101
3.01 no? Do you really believe in fairy tales mate?
...
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