{"id":170029,"date":"2020-05-05T13:15:50","date_gmt":"2020-05-05T17:15:50","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=170029"},"modified":"2020-05-05T13:06:45","modified_gmt":"2020-05-05T17:06:45","slug":"natural-gas-breaks-2-00-on-upside-rally-and-next-target","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/05\/natural-gas-breaks-2-00-on-upside-rally-and-next-target\/","title":{"rendered":"Natural Gas Breaks $2.00 On Upside Rally and Next Target"},"content":{"rendered":"
May 5, 2020<\/div>
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By TheTechnicalTraders<\/u><\/a> <\/strong><\/p>\n

– Overnight, Natural Gas broke above the $2.00 price level as we expected.\u00a0 On April 6, 2020, we published our research that Natural Gas was setting up a bottom pattern<\/strong><\/a> and that our seasonal analysis suggested April and May should prompt a price rally in Natural Gas pushing price levels above $2.40.<\/p>\n

The current rally has broken above a price resistance level near $2.00 and the rally up to $2.40 may happen faster than we expect.\u00a0 Currently, our Daily Fibonacci price modeling system is suggesting the $2.35 area is the first area of resistance.\u00a0 Beyond that, the next level of resistance would be near $2.90.\u00a0 Beyond that incredible upside target, the Fibonacci Weekly data is projecting an upper target near $3.60.<\/p>\n

We are not suggesting that Natural Gas could rally 90% over the next few weeks, but we are alerting you that a move to $2.40 seems highly likely after our incredible bottom call on April 6, 2020.<\/p>\n

Before you continue, be sure to\u00a0<\/em>opt-in to our free market trend signals<\/em><\/strong>
\nbefore closing this page, so you don\u2019t miss our next special report!<\/em><\/p>\n

Daily Natural Gas Chart<\/h3>\n

This Daily Natural Gas chart highlights the rounded bottom setup that prompted us to make the bottom warning.\u00a0 Skilled traders will see an inverted Head-n-Shoulders pattern where the head consists of a double-bottom pattern near the end of March and into early April.\u00a0 The opportunity to buy into Natural Gas below $1.70 presented a very clear opportunity with little risk.<\/p>

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<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

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Weekly Natural Gas Chart<\/h3>\n

This Weekly Natural Gas chart highlights the Fibonacci Price Modeling system\u2019s projected upside targets.\u00a0 The first target, near $2.40, is an easy target for a first profit level.\u00a0 The next upside target level for-profits should be near the RED LINE, near $2.55.\u00a0 Beyond that, if Natural Gas continues to rally, the next area for skilled traders to pull profits would be the $2.95 level.\u00a0 Any move higher beyond that level would be a gift with a target level near $3.60.<\/p>\n

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Concluding Thoughts:<\/h3>\n

Overall, this has been an excellent trade.\u00a0 We got our members into this trade fairly early and are already pulling profits and trailing stops.\u00a0 It certainly helps to have the modeling systems and seasonal analysis tools we use to find these setups for our members \u2013 but you can do it too.\u00a0 All it takes is a bit of skill and understanding of how certain markets operate within seasonal trends and setups.\u00a0 Otherwise, if you don\u2019t have the time to research every chart we can do it all for you and just send you the trades we are taking.<\/p>\n

As a technical analyst and trader since 1997, I have been through a few bull\/bear market cycles in stocks and commodities. I believe I have a good pulse on the market and timing key turning points for investing and short-term swing traders. 2020 is an incredible year for traders and investors.\u00a0 Don\u2019t miss all the incredible trends and trade setups.<\/p>\n

Subscribers of my\u00a0Active ETF Swing Trading Newsletter<\/strong><\/a>\u00a0had our trading accounts close at a new high watermark. We not only exited the equities market as it started to roll over in February, but we profited from the sell-off in a very controlled way with TLT bonds for a 20% gain.\u00a0This week we closed out SPY ETF trade taking advantage of this bounce and entered a new trade with our account is at another all-time high value.<\/p>\n

Ride my coattails as I navigate these financial markets and build wealth while others watch most of their retirement funds drop 35-65% during the rest of this financial crisis going into late 2020 and early 2021.<\/p>\n

Just think of this for a minute. While most of us have active trading accounts, what is even more important are our long-term investment and retirement accounts. Why? Because they are, in most cases, our largest store of wealth other than our homes, and if they are not protected during the next bear market, you could lose 25-50% or more of your net worth. The good news is we can preserve and even grow our long term capital when things get ugly like they are now and ill show you how and one of the best trades is one your financial advisor will never let you do because they do not make money from the trade\/position.<\/p>\n

If you have any type of retirement account and are looking for signals when to own equities, bonds, or cash, be sure to become a member of my\u00a0Passive Long-Term ETF Investing Signals<\/a><\/strong>\u00a0which we issued a new signal for subscribers.<\/p>\n

Chris Vermeulen
\nChief Market Strategies
\nTheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

By TheTechnicalTraders – Overnight, Natural Gas broke above the $2.00 price level as we expected.\u00a0 On April 6, 2020, we published our research that Natural Gas was setting up a bottom pattern and that our seasonal analysis suggested April and May should prompt a price rally in Natural Gas pushing price levels above $2.40. The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-170029","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=170029"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170029\/revisions"}],"predecessor-version":[{"id":170032,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170029\/revisions\/170032"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=170029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=170029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=170029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}