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Jintai Chromium: Clear patterns in natural gas price trends on February 8 – strategies for intra-day trading decisions

2017-02-08View Original

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  Jintai Chromium: Clear patterns in natural gas price trends on February 8 – strategies for intraday trading. Since its decline on January 26, natural gas prices have dropped from around 14,400 to around 12,400; this 2,000-point drop allowed investors to enjoy significant profits during the Chinese New Year holiday. Most investors were able to achieve good returns under our guidance. However, the favorable market conditions are not yet over.   The patterns in natural gas prices are gradually becoming apparent. On the weekly chart, since the week ending January 1st, the weekly candlesticks have shown a pattern of alternating bullish and bearish movements. Although a large bearish candle appeared last week, the first two trading days of this week indicated a need for a rebound from lower levels. The resistance level above is once again around the MA5 line on the weekly chart, at around 13,400; the current price is 12,940, meaning there is still about 550 points of room above that level.    http://zmt.southmoney.com/uploadfile/2017/0208/20170208104732729.jpg Given such an obvious pattern in price movements, investors should not adopt an overly pessimistic attitude. For this week, any decline in natural gas prices represents an excellent opportunity to enter long positions at lower levels. On a daily basis, it is possible to go long around the middle line of the Bollinger Bands on the hourly chart, at around 12800; the stop-loss level could be set at 12700, with targets of 13000 to 13100. Investors with sufficient capital can gradually build up their long positions as prices decline; for specific targets, they can contact WeChat/tgtg67. The ultimate target could be 13400. The author will also provide investment strategies suitable for different investors, taking into account the actual technical trends.   The purpose of entering the natural gas market is to find a platform that ensures capital safety, is legitimate and regulated, and allows for stable profit generation. If you have any doubts regarding these aspects as an investor, you can contact teacher Jin Taikewei Xin at tgtg67; I can then recommend the most suitable trading platform for your situation.
Reply #22017-02-08
Not bad, interesting. Can it be considered along with crude oil?

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