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Market-Right-Side
Jun 1, 2023 11:49 AM

Is Natural Gas(NG) Preparing for a Big Bounce??? Long

Henry Hub Natural Gas FuturesNYMEX

Description

Technical Analysis:

- Natural Gas is in a weekly edging buy area and any moment it can bounce once wave (5) in blue will be done
- Anyway, the big probability with actual data is that a small extend could happen in the wave (5)
- H1 right side is turning down
- H4 right side is down

Technical Information:

- If you're a position trader or long term investor, you may buy in the actual level
- And if you're a swing trader, wait for possible extend in wave (5)

Comment

- Natural Gas(NG) still continues to follow our forecasts
- For any structural changes in the price action we can update the forecast chart

Trade active



Technical Analysis:
- We expect that NG will go to do more one marginal leg/wave down
- H1 right side is turning up
- H4 right side is down

Comment



- NG still continues to follow our earlier forecasts and analysis
- As a long term investor you should buy NG when wave II in red is completed and it's very adaptive for long term investor

Comment



- NG still continues to follow our earlier forecasts and analysis exactly
- As a long term investor you should buy NG when wave II in red is completed and it's very adaptive for long term investor
- H1 & H4 right side is turning down

Comment



- NG still continues to follow our earlier forecasts and analysis exactly
- There is a possibility to have another path in blue with 45% odds

Comment



- NG still continues to follow our earlier forecasts and analysis exactly
- Don't sell NG now and prepare to buy when II in red is finished.
- H1 and H4 right side is turning down

Comment



- NG continues to follow our earlier forecasts and analysis exactly
- Don't sell NG now and prepare to buy when II in red is finished.
- H1 and H4 right side is turning down

Comment




Wave II in red can be done-
Now it seems to make a wave (2) in blue and after it is complete we expect a bonce
Don't sell NG now and prepare to buy when II in red is finished.
H1 and H4 right side is turning down

Comment



- Don't sell NG now and prepare to buy when II in red is finished.
- H1 and H4 right side is turning dow
Comments
elenaec
Well wave 5 equals $ 1.44 area so that area is not happening right now , so do you think the bounce will happen now or only after it drops all the way to $ 1.44 ?????
Market-Right-Side
@elenaec, Thanks very much.- Natural Gas is in a weekly edging buy area and any moment it can bounce once wave (5) in blue will be done
- Anyway, the big probability with actual data is that a small extend could happen in the wave (5)
- H1 right side is turning down
- H4 right side is down

Technical Information:

- If you're a position trader or long term investor, you may buy in the actual level
- And if you're a swing trader, wait for possible extend in wave (5)
roxythetradermage
your original wave analysis suggested that the ng market would drop below 2 dollars by mid-august. Why are you still so confident on your original pattern?
oilyprata
Am so tempted to buy in now!
testselim
hi, where is the return level ? can it touch to 2.60 , 2.57 on monday morning or end of day ?
alexrostov123
Hello! Still waiting 3 before 1.5?
Market-Right-Side
@alexrostov123, . I expect a wave 5 in blue in the next weeks. Wave for is done. Thanks
elenaec
so wave ll - should we see a $ 1.44-1.6 before we go up ???? thank you
are you expecting a down trend firs and then going higher ???
Market-Right-Side
@elenaec,Yes, Is our short term forecast.
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