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Nat Gas Accumulation Time

업데이트됨

We're coming in to a zone near the $3 mark where we belive it would be prudent to start accumulating long positions in natural gas. Using Elliott Wave anaylsis in conjuction with fundamental analysis we're pretty certain there's a huge upside to natural gas. We're unsure as to whether this will be a wave 3 or a wave C to the upside, but ultimately that doesn't matter as both will provide us with an upside target of at least $10+. Fundamentally there will be a bigger surge in natural gas demand as it has become evident that the world is not ready for renewable energy to support our power needs (if it ever will be able to support us entirely) so 'cleaner' fuels such as natural gas will be used in the immediate and near term to meet the global energy demands. As always with trading we don't need to know everything, we just need to be on the right side of the movements to make money and we're pretty certain this is going to be a huge move to the upside in the coming weeks and months.

액티브 트레이드

Looks like we're going to bounce off of the 88.6% fib, we've gone long on natural gas now with a minimum target of $4

코멘트

Could be time to add to long positions here after a bounce from the 88.6% fib of minor wave 1. We think a stop loss at $2.3 should be tight enough to avoid any major losses but still give a little bit of breathing space. Still holding our minimum target of $4, this is a 15 to 1 reward to risk ratio, so very healthy profits can be achieved if our analysis is right.