Mar 13, 22 NG Which way will this week?

HENRY HUB NATURAL GAS FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) NYMEX:NG1!

So last week NG went from around 5.1 down to 4.5 and closed out the week at around 4.7. This makes it hard to say if price will drop back to 4.5 or if it will rise up to over 5 with what's going on in the world.

I think I will play this week like this - if price action comes down to 4.5 by Wed, put in a Buy Order there expecting price to go up into next week. Set my TP at 5.1, maybe 5.4 depending on strength of price action.

If price goes up right away to 5ish, then I have no idea what I will do - Will it keep going up to 5.5? Or will it just come back down as the week progresses to 4.5?

Let me know your thoughts. Stay safe.

Heiko

$FLOT would be somewhere between $49.65 and $49.94 by 01 July 2022.

Time left until the end of voting

What are you looking for? Select your points of interest to improve your first-time experience:

Join the community of traders to get a personalized trading feed

Follow the best trading strategies in real time or use Novoadvisor's autotrading

Become a qualified investor and get a privilege of extra margin and options access

Have some fun and stress out by shooting the eggs into the stocks

Apply & Continue

Mar 13, 22 NG Which way will this week?

Mar 13, 22 NG Which way will this week?

New Highs Coming?

Dax Futures (FDAX1!), H4 Potential for a rise!

HDFC Bank - Key levels for 29th Mar

$BIL would be somewhere between $91.32 and $91.39 by 01 July 2022.

$FLOT would be somewhere between $49.65 and $49.94 by 01 July 2022.

Elliott Wave View: Further Downside in AMD Expected

EURAUD Buying The Dips At The Blue Box Area

$MC : Luxury Producer LVMH Provides an Opportunity to Join the Rally

USDCAD Is Showing Reaction From The Blue Box Area

XME Reacting Strongly From The Blue Box Area

$ATSG would be somewhere between $26.50 and $28.35 by 30 June 2022.

Despite Jetblue Airways Raising Its Offer for Spirit Airlines, Competitor Frontier Group Holdings Has Increased Its Bid for the Low-cost Airline.

The S&P 500 Futures Were Up 0.6% in Response to Monday’s 0.30 Percent Decline.

After Sam Bankman-fried Said His Cryptocurrency Exchange Was Not in Talks to Acquire the Online Broker, Robinhood Markets Fell.

Berkshire Hathaway Recently Purchased an Additional 794,000 Stock of Occidental Petroleum

Stock of Nike (Nke) Earned 90 Cents Each on $12.2 Billion in Sales

Randall Weisenburger Acquired Additional Shares When the Stock of Rare-earths Miner Mp Materials Dropped This Year.

Tesla’s Stock Price Estimates Have Been Sharply Reduced by Analysts Due to Worries About Macroeconomic Issues.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience: