- AMEX:NG AMEX:UNG AMEX:BOIL cant stress enough we need to change trends, even if it is a very big move it will just fade if no trends are changed - need to change the 4h and daily trend to the bulls - likely tightening up in a equilibrium into May, still holding the teal support line.
Thinking that the war in Ukraine would cause the price of natural gas to surge higher over the winter, many traders got stuck on the wrong side of a trade. Natural gas futures have plunged more than 90% over the winter. In this video, I explain that regression analysis was warning that a significant price decline was imminent in late 2022, and I explain that it...
- NG UNG full bear control, need to see a hourly trend change to the bull for anything to happen. - potential Equilibrium shape up on daily time frame if bulls can hold above $2 - daily 12 EMA resistance
- UNG NG NATGAS 6h 12 EMA is my short term guide - weekly bear flag potentially confirming - 52 week low support bulls need to defend - 1h equilibrium pattern will break Monday
- NG UNG is on a downtrend in every time frame, bears are in full control. - Bulls would hope we hold the 52 week low - need an hourly trend change back to the bulls for we to potentially get a 4h and daily bounce going and shape up an Equilibrium pattern. - short term intra-day 15m 12 EMA is our guide for full bear control. - I definitely wouldn't be...
- UNG NG BOIL have retraced over 50% fib of the A to B move from the bottom, that's a clear sign that we will likely get an equilibrium base on how significant these swings are. - NG has a tendency to break a resistance and have no follow through vice versa breaking a support and have no follow through so im looking for a equilibrium tightening up price action...
Last weeks NG video i mentioned that this is likely a climax bottom and we are heading higher with potential inverse H&S pattern, it ended up playing out in the hourly time frame and bulls were a lot stronger than i expected. - Looking at the 4h time frame 12 EMA as full bull control support if we don't lose it then we wont be getting 4h and daily consolidation...
Nat Gas got another daily positive close. This chart is looking ultra bullish and we may get to witness one of the greatest short squeezes.
Discussing the latest Nat Gas price action and Inventories.
Nat gas got slaughtered on Friday and made a new low. When will the price action turn around? at this rate could we go negative?
We discuss the latest daily and intra day price action. Some education about basing formation and what we need to see to gain likely more upside.
Natural Gas is on pace for it greatest & fastest fall in price history. Nat Gas is hitting technical support in one of the most oversold conditions ever. We discuss some Nat Gas cycle history that may be useful in knowing how to trade Nat Gas.
Natural Gas Still Forming Buy Pattern
This video shows a few simple and clear trade setups unfolding in the market for three very different sectors. Take a look, and if you like be sure to follow me here on TradingView!