March 18, 2022 (Investorideas.com Newswire) St. Patrick's Day is historically considered among the best trading days. Apparently, judging by the results, it may have brought some luck to natural gas.
If you are interested in looking at the stats, an article by Market Watch summed them up.
The second target hit - BOOM! Yesterday, on St. Patrick's Day, the opportunity to bank the extra profits from my recent Nat-Gas trade projections (provided on March 2) finally arrived. That trade plan has provided traders with multiple bounces to trade the NYMEX Natural Gas Futures (April contract) in various ways, always depending on each one's personal risk profile.
To get some more explanatory details on understanding the different trading ways this fly map (trading plan) could offer, I invite you to read my previous article (from March 11).
To quickly sum it up, the various trade opportunities that could be played were as follows (with the following captures taken on March 11):
The first possibility is swing trading, with the trailing stop method explained in my famous risk management article.
The second option consisted of scalping the rebounds with fixed targets (active or experienced traders). I named this method "riding the tails" (or the shadows).
The third way is position trading - a more passive trading style (and usually more rewarding).
The chart below shows a good overall view of NYMEX Natural Gas hitting our final target, $4.860:
As you can see, the market has provided us with multiple entries into the same support zone (highlighted by the yellow band) - even after hitting the first target, you may have noticed that I maintained the entry conditions in place - after the suggestion to drag the stop up just below the new swing low ($4.450). The market, still in a bull run, got very close to that point on March 15 by making a new swing low at $4.459 (just about 10 ticks above it). Before that, it firmly rebounded once more (allowing a new/additional entry) and then extended its gains further away while consecutively hitting target 1 ($4.745) again. After that, it finally hit target 2 ($4.860)!
That's all folks for today. It is time to succesfully close this trade. Have a great weekend!
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Oil & Gas Trading Strategist
The information above represents analyses and opinions of Sebastien Bischeri, & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Sebastien Bischeri and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Bischeri is not a Registered Securities Advisor. By reading Sebastien Bischeri's reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Sebastien Bischeri, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
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