Get started
gbleier

$NATGASUSD Analysis - Short Term

CFDs on Natural Gas (OANDA:NATGASUSD)  
gbleier Updated   
OANDA:NATGASUSD   CFDs on Natural Gas
Chart Patterns Wave Analysis NATURAL GAS DGAZ UGAZ
6
0
chartpattern waveanalysis natgasusd dgaz ugaz
NatGas - Short term to possibly fall to lower support and then to 2.60 before falling again, or bounce from 2.45 and up.

Comment:
Correction to above statement - 2.405** and up.

Currently we might be forming an ascending broadening wedge as I still believe we should get close to the lower support before moving higher, but momentum seems to be bullish. Sell volume came but bought up very quickly, so uncertain at this point which direction.
Comment:
Today with the announcement of a possible rate cut, it looks like natural gas and buy volumes are high. Expect this to rise to 2.55-2.60 at the moment

$UGAZ might be a good day trader for ETF

snapshot
Comment:
Still the possibility to touch down on the lower channel before moving upward (around $2.35)

Movement looking healthy on this
Comment:
NATGAS was rejected from the upper long term resistance line (January - July), will most likely move lower from here without reaching $2.60 target.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.