In this one I use my preferred charting tool that uses data points from the past: Curved Trendlines. While there are other variations of such lines that I might use depending on the context, in this case the pattern low-high-high or high-low-low is widely detected as relevant and used as such for mapping out potential forces and support/resistance zones. As you...
My dear friends, Please, find my technical outlook for NATGAS below: The instrument tests an important psychological level 2.503 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2.683 About Used Indicators: Super-trend indicator is...
NG based on monthly data is registering very significant net buy volume at the current price range. Seller's strength is certainly fading out based on thinning price volatility this past few days / weeks -- as shown on yellow price lines on chart. NG is currently sitting at a strong major support at 2.0 to 2.5 area, a 1.0 FIB discount level -- this is where most...
I want to be honest.. The rally long was a surprise for me, I expected a long phase but without this momentum. It was really strange because we have a big storage increase more than last year and I expected a long phase but more flat. so I think now we can have a rebound of price until support area more or less 2$ before the last long (if we will have). The...
Natural Gas (NG!) hit last week the top (Lower Highs trend-line) of the long-term Falling Wedge pattern that started on the April 10 2023 Low and was immediately rejected back to the 1W MA50 (blue trend-line). As long as it holds, this rejection indicates that technically, the new Bearish Leg should start. Our Target is 1.550 (just above Support 1). If however...
Both trades did as expected. with Oil doing a stop hunt before going up. Both Poasitions are now in Profit. Will Leave them open for a while until we shit our TP levels above 90 for oil.
Natural Gas stock Bulls NatGas Support & Resistance Guide AMEX:UNG Stock Forecast USO Oil Stock Forecast DXY US dollar Stock Forecast Gold XAUUSD Stock Forecast Silver XAGUSD
Natural Gas stock Bulls PEPPERSTONE:NATGAS Support & Resistance Guide AMEX:UNG Stock Forecast AMEX:USO Oil Stock Forecast TVC:DXY US dollar Stock Forecast Gold OANDA:XAUUSD Stock Forecast Silver OANDA:XAGUSD
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too. ❤️ Please, support our work with like & comment! ❤️
Hello Traders In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET today NATGAS analysis 👆 🟢This Chart includes_ (NATGAS market update) 🟢What is The Next Opportunity on NATGAS Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Positive economic indicators like the United States GDP Annual Growth Rate can be bullish for natural gas as demand grows with the economy. Conversely, high interest rates in the U.S. can be bearish as they may pressure consumption. Traders often look at pivot points and support/resistance levels to make informed decisions. It's important to note that natural gas...
Natural Gas stock Bulls NatGas Support & Resistance Guide UNG Stock Forecast USO Oil Stock Forecast DXY US dollar Stock Forecast Gold XAUUSD Stock Forecast Silver XAGUSD
Building a position in unleveraged natural gas AMEX:UNG in $13-14's Divergence on price/RSI. Falling Wedge Would like to see price get over and hold above daily 50MA Will likely update once that is achieved After 50MA is achieved and held, breakout the wedge and target the 200MA daily for profit. Add on down days and be very patient with this one
Natural gas continues to test mean reversion strategies. This commodity is continuing to burn the shorts. For a couple weeks now, Nat Gas has been trading at the upper 2.5 deviation band. This is an extreme overbought signal that often results in profit taking. Natural Gas Daily RSI is now diverging from price at overbought levels.
Natural Gas stock Bulls NatGas Support & Resistance Guide AMEX:UNG Stock Forecast USO Oil Stock Forecast DXY US dollar Stock Forecast Gold XAUUSD Stock Forecast Silver XAGUSD
Hello Traders In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET today NATGAS analysis 👆 🟢This Chart includes_ (NATGAS market update) 🟢What is The Next Opportunity on NATGAS Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Natural Gas stock Bulls NatGas Support & Resistance Guide AMEX:UNG Stock Forecast USO Oil Stock Forecast DXY US dollar Stock Forecast Gold XAUUSD Stock Forecast Silver XAGUSD
The recent price action on the NATGAS pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down. ❤️ Please, support our work with like & comment! ❤️