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Heating Oil (£1) has been moving strongly upwards today reaching previous highs in June and April.

I've been working on CFD trading of Natural Gas £1 for the last few months but want to look at other opportunities now. What markets are similar in terms of fee structure and margins? All suggestions appreciated. Thanks.

The magenta trendline I drew continues to provide some level of resistance/support and has been a useful tool for confirmation along with the VWAP and 50MA. However I don't think I made the best trade possible with the information to hand as you'll see in the screenshot but I made a profit nonetheless but should have timed my buy in below the trend line perhaps.

hi all, just positing some interesting TA on Natural Gas again. With weather forecasts suggesting a strong demand NG is on the rise again this week. I picked up some historic resistance/support levels that turned out to be important as the week progressed. (shown in cyan dashed line ~ 4194) It provided resistance during Monday evening before breaking out on Tuesday morning going up by 132 points before retracing down to the cyan line ~ 4194 bouncing off it twice before going up again by over 130 points. I also picked up a trend line that the price is also responding to (shown as magenta). It is dictated by the price increase on Monday/Tuesday morning, and although price went above and below during Tuesday, it picked t up again Tuesday night.

Had a few more good trades with Natural Gas. Missed the break out yesterday above 4000 but caught the retest of the 200MA. NG was working within a narrowing pendant formation as you can see in the screenshot. Bought above the support at 4015 and close below the downwards trendline at 4105 for £215 profit. Second trade was the breakout from the pendant formation (magenta lines) following the publishing of the NG storage report. Bought at the 15min candle close above the trendline at at 4172 and closed the trade at 4227 for a £275 profit.

Hi all, Got a successful trade on my demo account. Looking at NG to continue its upward trend to move back above the 50MA and 100MA and eventually retest 4000. Opened a position at 3825 with stop loss at 3740 and a target of 3965 (not ideal risk/reward ratio sadly). Position opened after moving above the 50MA. Went above the 100MA, fell back, then pumped back above the 100MA during the 7pm high volume spike, I closed the position at 3915 for £225 (£2.50/point). Upward trend looks to continue setting higher highs and higher low on the hourly since Thursday.

Thank you for all the links and info @MongiIG. The price was largely neutral on Monday and Tuesday. The price now sitting on the 200MA with the 50MA below the 100MA now. Temperatures in the USA looking to fall on Friday but longer term outlook is mild in certain areas but tensions between Europe and Russia still lurk bringing in potential for volatility. If the 200MA support is lost precedence would suggest a good shorting opportunity.

Just looking at the charts today. The 50MA is getting close to the 100MA. If these cross, it could be a good short opportunity. Price is just above 4000 (a resistance level recently turned support). Perhaps the price will fall below this or maybe we will see a bounce.

Hello, beginner here, still have my trading training wheels on. I'm looking into Natural Gas as it appears to frequently have some interesting price action and I was wondering if anyone here more experience trade it on a regular basis. I would be interested to know what strategy you use or what you look out for or good news sources for market trends. From what I can see there regularly seems to be a sharp increase in volume at around 7pm. What is behind this? I understand the Natural Gas Report comes out on a Thursday in the USA and that supposedly has an impact on the market but I'm not seeing a notable correlation as yet but I might be looking at it wrong. I'm doing research on how to interpret the Natural Gas Report data but for now I understand it effectively shows supply and demand. So far I've tried one trade so where I tried to short it but hit my stop loss by a sudden wick spike before it eventually fell down to the price level I was hoping to close at. I'm doing a bit more bit more reading up before I jump into my next trade.

Thanks, first introduction to trading was via crypto so I've done OK with BTC as I'm somewhat familiar with how it moves. Thanks for the tips, I'll check out MT4. Do you do simulated trading still to test new strategies etc? Do you use IG for this?

thanks for the replies. I've been taking a look at IG trading platform in DEMO and I have to say it seems to be the best I've used. NAGA and T212 were unreliable and unresponsive. I've been looking mainly at Bitcoin and US Crude for now due to the trading hours fitting around my normal working life. I did a bit of Forex to begin with but I'm a bit out of touch with that lately. I'm mainly a day trader, mainly using a reversal or breakout strategy on a 1 to 5 min timeframe using RSI, MACD, Moving Averages, VWAP and Fibonacci's as my main tools. I'm intending to look at Swing Trading at some point as well but want to get my day trading skills developed first.

Hello, I'm new to the forum and IG. First time as part of an online trading community. I'm in the process of training myself to be a full time day trader. I'm currently full time employed in the design and construction industry and a Dad of 2 kids. The endless unpaid overtime and unrealistic demands of clients is taking its toll and I want to change to something that fits better around family life and life in general. I've taken a couple of online courses, watched countless hours of chart analysis videos, read many books such as by Andrew Aziz, Dr. Elder to name a few. I've been using simulator accounts with Trading 212 and NAGA with mixed results but I'm keen to start taking it to the next level. I would be keen to have an accountability buddy or mentor to help keep things moving forward. I'm UK based in the East Midlands. I obviously don't expect people to jump at this as I've been a mentor in my current profession and I know it can be demanding but I'm not looking for something that involved, just someone with a bit more experience to bounce ideas off. Couple of questions, mainly for Day Traders: 1. What brokers do you use. 2. Do you use a scanner/screener? Which one and typical settings? 3. Any books/courses do you recommend?