We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of Natural Gas (ZW.V12.E). I hope you had a GREAT week ! This week we are going to take a look at Natural Gas.
Natural Gas made a bull swing in which MarketClub went on a weekly and monthly green Trade Triangle.
Natural Gas went on a weekly red MarketClub Trade Triangles Natural Gas made what was more than likely a counter trend correction.
Natural Gas looks to have just made the breakout of a Head and Shoulders base.
MarketClub went back on a weekly green Trade Triangle right at the breakout of the neckline.
The recent bullish chart action suggests that the counter trend correction is probably over.
With all three Market Club Trade Triangles pointing up, and a bullish MarketClub Chart Analysis Score of +90 this is definitely a Chart to Watch.
Thanks,
Jim Robinson
Profit Trading.com
hi in the reference of above Annalise the H&S pattern is failed?
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Interesting. Thank you.
Hi !
All great comments and very useful information from Will, Nick, and Sarah !!
THANKS !
Jim 🙂
The best thing about natural gas is that it has less carbon than petroleum and a lot less than coal. Since nat gas is mostly methane, that is four atoms of hydogen for every carbon. And we know what hydrogen makes when it burns, Water! The price five years ago was $16 per 1000 cubic feet. It is now $3 and was $2.6 for a while. The nat gas is much cheaper than any other fuel and they are converting coal plants to use it. This is all American innovation.
Yes, it would be great to follow this chart closely.
I just got into boil today..also ung, fcg, are nat gas...also see sd, clne, lng, wprt, chk,xco for trading ideasm trade triangles are showing a turn here...i am also in clne and lng from early sept.....looking for entry for chk and or wprt...Please ask Adam to add this to his list on the daily video updates...TX!!