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Natural Gas Trading: Yet Another Profitable Call

Published 10/22/2021, 12:51 PM
Updated 05/14/2017, 06:45 AM

We entered a natural gas trade on Tuesday, which turned out to be profitable… just like the previous ones! Let’s have a look at how we can continue.

Trade Plan

Our initial trade plan was to go long on natural gas [NGX21] (November 2021 contract) around $4.766-4.920 support (yellow rectangle) – with stop below $4.615 (red dotted line) and targets at $5.311 and $5.604 (green dotted lines) – See Fig. 1.

The entry got triggered in the early hours of Tuesday; as you can see, the market made a rebound where the bulls took over. Our first target at $5.311 has just been hit — for those who exit partially, we suggest lifting the second target to the $5.663 level, while your stop should be lifted just below the new/recent swing low ($4.825) or at break even.

Natural Gas Futures Daily Chart.

Figure 1 – Henry Hub Natural Gas (NGX21) Futures (November contract, daily chart, logarithmic scale)

Latest comments

Continue uptrend possible ? Target, support ?
he dont know too he just copy and paste the ideas he post here for a  pay
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