During previous posts, linked in description, we tracked the bearish patterns unfolding in a macro ABC to the downside in Natural Gas. Now, targets of wave C are reached and the structure seems complete. Bulls where shaken a bit out, and price reacted impulsively from 2.115, and then retraced to the Golden fibo zone, where today's daily candle was printed. Natgas...
Hello,Traders! NATGAS was trading in a Downtrend but after the Retest of the support level At 2.00$ we saw a bullish Reaction so I think that We will see a further Move up towards 2.259 Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅NATGAS was trading in a Downtrend in a falling wedge Pattern but after the retest Of the horizontal support At around 2.0$ which is also A strong round number we saw A rebound and a breakout out Of the falling wedge so we are Now locally bullish biased And I think that the target Of 2.3$ will be retested LONG🚀 ✅Like and subscribe to never miss a new idea!✅
I have shared my idea about natural gas. The market step by step becomes range during some months and then be ready to become bullish.
Looking for a push above monthly open and acceptance. "Range low" has to hold for this trade to work out. Consolidation above monthly open is bullish signal for me to trade into Blue Box as target 1 and onto 2 Worry about target 2 if we hold the first Blue box. Yellow highlighter indicates liquidity and stops that have now been wiped out. Recent news...
natgas has had a change of character near the lows. price has now retraced to a nice entry level with decent R:R 5% SL under the previous lows 3 TP zones; .5 fib and avwap, gold pocket and rnage high, and 786 in the supply zone
Dana GAS Technical - as we can see from the graph in short term expected downtrend Target - 70 in Long term CYCLE expected to be the lower point for Accumulation
The technical figure Channel Up can be found in the daily chart in the Spanish company CaixaBank, S.A. (CABK.mc). CaixaBank, S.A. is a Spanish multinational financial services company. It is Spain's third-largest lender by market value, after Banco Santander and BBVA. CaixaBank has 5,397 branches to serve its 15.8 million customers and has the most extensive...
UNG (US Natural Gas ETF) has formed a double-bottom price pattern on the Daily chart. The Price has found temporary support above $8.21. Support Price Targets are: $8.21, $8.16, $7.72, $6.11. Resistance Price Targets are: $8.99, $9.93, $10.97, $11.97. UNG etf does not always correlate & follow technical analysis charts. Be aware of global fundamental news...
Natural Gas touched double minimum and following trend line will go up.
HTF double bottom, or 8H double bottom that haven't been retested yet. I'm thinking we are soon to retest this, until EOY probably. Double top on RSI, retest of previous high and many other signs, that makes me think this will be a nice short play. Trendlines there for the orientation and confirmation of the breakdown. Targets: 25,50$ and 23,50$ Invalidation:...
Gasoline Futures is very near the PCZ of a Bearish 5-0 but is actually showing a very notable amount of weakness at the 0.382 and is Bearishly Diverging if this keeps up we will see Gasoline Breakdown out of the Bearish Consolidation and probably go back to pre-2020 Levels.
With the recent weakness in Oil and natural gas, its likely impacting the performance of XOM stocks going forward. XOM is testing some key areas. If the levels break the target on XOM is $100.00
long position establishing here again. this trade is risky. I see a bullish continuation pattern a Cup and handle to be exact. the breakout is not confirmed. however the Ad is showing an ascending triangle on lower time frames.
The trend line decline i expect the upward movement to approach the resistence line i expect a corrective and it will continue upwar movement.
and you'll also notice that previous resistances is currently acting as support. There are two bullish set ups.. the bull flag, which you can clearly see if you remove the bullish cypher pattern. Looking for price action to breakout out the triangle and retest the highs
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.
Title: NATURAL GAS Futures (NG1!), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 3.520 Pivot: 2.623 Support: 1.968 Preferred Case: Looking at the H4 chart, my overall bias for NG1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. To add confluence to this bias, price has also broken above the...