I have to admit GAS could continue to dump OR ?. There seems to be a curious possible setup here exactly at the .618 FIB (4.5) .... NOT for the faint hearted.
This is based solely on wave pattern and experience there is absolutely NO fundamental analysis involved, so do your own due dill
This is based solely on wave pattern and experience there is absolutely NO fundamental analysis involved, so do your own due dill
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Past performance may NOT be indicative of future results
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Do not bet the farm and the kids on this trade...just the kids Ha/ha all kidding aside.
Follow your own rules and your own advice not mine. Personally, for NG, I build VERY small positions over time (cost average), NG can go down so be prepared to take and hold a loss which can grow sizable, manage your trade. Whatever happens it will be a wild ride. S0 no gambling, No Margin, just simple small VERY small risk manage positions OR do nothing.
Follow your own rules and your own advice not mine. Personally, for NG, I build VERY small positions over time (cost average), NG can go down so be prepared to take and hold a loss which can grow sizable, manage your trade. Whatever happens it will be a wild ride. S0 no gambling, No Margin, just simple small VERY small risk manage positions OR do nothing.
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Lat comment, Dollar needs to turn up to support this trade, so monitor the dollar.
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NG by nature is risky, If you haven't traded NG before then stay away. this is not your uncles trade, take extra caution.,, NG is a widow maker.
NG may unexpectedly drop (or go up) 10% in 1 day without blinking. This is only for the chump of the chump of change, do not think you can use NG to make up lost ground on your portfolio. NG may rise 10% then fall 15% then up 10%.. be very careful and cost average its a holders game and you can't watch it everyday. To turn this current crash and reverse the momentum , the dollar needs to rise so keep a keen eye on the dollar
NG may unexpectedly drop (or go up) 10% in 1 day without blinking. This is only for the chump of the chump of change, do not think you can use NG to make up lost ground on your portfolio. NG may rise 10% then fall 15% then up 10%.. be very careful and cost average its a holders game and you can't watch it everyday. To turn this current crash and reverse the momentum , the dollar needs to rise so keep a keen eye on the dollar
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I hope that is enough warnings for everyone. Personally I am patient and can wait months to see a + return, If you can't STAY away
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Fear of recession is out there and may happen, we have to acknowledge that. Historically NG peaks 3-6 months after fed funds peaks or declines There has been several fake-outs as the rate has gone up, but the fund rate keeps rising. This is why caution is in order. NG could simply go up 20-30% or 50% then crash down. Personally, I know how to manage an play this trade and I wouldn't recommend it to anyone who doesn't. I will not be there to warn people when to get out. Also true the YEN is kicking the dollar good. Strong Yen not good for this and I will be watching and hold for a the next level down (If Yen ) doesn't weaken or stabilize. A strong Yen is a Huge market disruptor
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