Here is my big picture of NATGASUSD,
we are in the correction wave 2 of a bigger wave C, as u can see
Natural gas reach the blue strong resistance line and will be bounce to the support line bellow it,
apparently this could rather ends the wave 2, and be the start of impulsive wave 3 to the downside.
The next target is...
Hope this idea will inspire some of you !
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Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum.
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NaturalGas could probably short to 2600 area when it breaks the current fibonacci resistance. When it doesn't break; long to 2800 area.
Gas is between the two bollinger bands now, so volatility / price fluctuations expected! difficult to open a trade on this one now. ...
NaturalGas at important resistance now. Will it go long further?
NaturalGas is very interesting now. It broak 2.755 which is an important breaking point. When it does, 2.845 we are going to look for opening a long position!
After years of studying, learning and practicing I have developed a way of trading which can provide an profit every month by trading cfd's....
With the oil and gas sector currently in the spotlight due to increasing East Coast gas prices the sector is seeing reasonable growth. Government subsidies are helping small explorers realize their production ambitions.
Due to the prior downturn in gas prices the drilling and completion costs have been heavily challenged with some companies reporting costs have...
NG feels oddly strong today. Support has been found in the middle of the adjusted keltner bands as well as the lower part of the Cloud (not not visible here). No major signal by them selves, but the strong support on the weekly chart in combination with the current rally does suggest that at least a new push higher will be attempted. Worth a gamble? We think so,...
We had our convincing bounce from the lower trendline near to the 400 SMA.
I was close to call the bottom a few days ago. But it's still not ready yet.
The last bounce was showing weakness. We weren't able to tag nor the upper trendline of the triangle nor the 200 SMA.
We are waiting for an intermediate low at this point in Natty. A rally out of an intermediate...
Looking for the price to break the flag to the upside (on H4 TF) and head towards 4.00
Longer term target is at the top of the Weekly channel at about 5.000. We should get there, but with a bigger correction expected when we get to 4.00 price level.