Factor Update – September 25, 2016
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Tag Archive for: Natural Gas
Significant Factor Alert – Sep 20th
This has been a remarkable week in the markets I have been following and featuring in Factor Updates and Alerts. I have established four different positions this week -- and it is only Tuesday -- so I figure an Alert is appropriate.
Cotton -- the rally today completed the inverted 6-week H&S pattern that has served as the retest of the underlying 2-year double bottom. I initially had a stop order in place, changed it to an alert early today, then bit the bullet and bought the market almost an hour after my alert flashed. I believe the market is now poised to trend to the initial target of 78.48 with the low 90s a possibility.
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Is it a massive Natural Gas Head & Shoulders bottom?
Is it a massive Natural Gas Head & Shoulders bottom?
I last covered the Natural Gas market within the public blog back on June 20th, with the post "Natural Gas Rising". Natural Gas posted a 21-year price low in Mar 2016 and the bottom took the form of a 7-month Natural Gas Head & Shoulders bottom on the daily and weekly charts. The target of this H&S at 2.934 was quickly met on Jun 29. The Factor participated in this H&S pattern in its proprietary account and discussed the pattern within the Factor member Updates (See here for details on the Factor Service).
Natural Gas — A massive H&S bottom?
Natural Gas posted a 21-year price low in Mar 2016, as shown below on the quarterly graph.
The bottom took the form of a 7-month H&S bottom on the daily and weekly charts. The target of this H&S at 2.934 was quickly met on Jun 29. The Factor participated in this H&S pattern in its proprietary account and discussed the pattern in the Factor Update.
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The bottom took the form of a 7-month H&S bottom on the daily and weekly charts. The target of this H&S at 2.934 was quickly met on Jun 29. The Factor participated in this H&S pattern in its proprietary account and discussed the pattern in the Factor Update.
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Factor Update – July 10, 2016
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Factor Update – July 3, 2016
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Natural Gas Rising
Natural Gas Rising
The dominant chart construction in Natural Gas is the completed 7- month H&S bottom on the daily graph (Oct contract). Note the appearance of a possible 6-day flag on the Oct chart. Factor is long Natural Gas and members were alerted of this buy with our premium reports section.
The chart of the soon-to-be nearby Aug graph displays a pennant, not a flag (see below). The difference is that a flag is a diagonal correction while a pennant is a horizontal correction. A pennant is more constructive than a flag. That the nearby Aug Natural Gas contract displays a pennant while the Oct contract displays a flag is a constructive indication – in my opinion, for whatever that is worth.
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Factor Update – June 19, 2016
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Factor Update – June 11th
Factor Update for June 11th.
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