Retest of 0,61 unitl leg 1 double bottom above support area -- false break out with recovery of price livel .. potential upside for the next move.
NATGAS is making a rebound from the support level of 2.42 so I think that we will see a further move up.
H&S Pattern has developed on natty with a potential 12% drop for some huge gains. Once broken and retested, I would put a put order in until the targeted area, until then we wait and watch.
from decline, to sideways, thats how trend end and change. shifts in moment tum are often seen as divergences in the indicators. odds not guarantees of course.
Following the substantial decline in price today, it is expected that we may see a retracement. This is a common occurrence after a large price movement and is often an opportunity for traders to enter the market or adjust their existing positions. It is important to carefully analyze the price action and consider multiple factors, such as market trends,...
Monthly technicals strong downward momentum, MACD cross, RSI plent room to go down, KOLD is a ETF inverse NAT GAS
First wave looks finished and now the C part of the ABC looks like it has started. Expect a swift move down to 5.50 (lower weekly BB area), but I think it would be a long term buy from there. Keep in mind however, there is steep monthly bear divergence now on this chart and the possibility that this is a long term top must be kept in mind. Either way, 5.50 should...
I thought price action would fall all the way down to 8, but it didnt. It came down to just under 8.2. Congrats to all who took your profits then!! I was out at the time so I missed the price change back up. Now that price is basically back where I started, it might try to touch 9 again which is where I will put in another sell order. I moved my TP to 8.2...
The natural gas market has been supply constrained ever since the Russian ukraine war started. The war is significant to the natural gas market because Russia is the worlds 2nd largest producer of natural gas. Russia also holds 20% of the worlds natural gas reserves. NAT GAS is trading above a crucial 10 year resistance level around $6.5, we broke this level...
nat gas is in the correction area, sill fundamentally will go upwards.winter is coming
Looking good so far. Great price action last week. We have earnings today if i'm not mistaken. I've seen different dates everywhere and tradingview has yesterday as the date listed on the chart. It's today according to earnings whisper. If we get a good earnings then i believe it's gonna be on like crazy. the other long setup is rallying hard as well (TK)...
Let's go !! Earnings are on monday...so hopefully this is a good sign....or setting up a higher low after earnings. This is my biggest position by far. original post Feb 3rd :
Still looking good. Backtesting the channel we broke out of last week. Bullish divergence played out and we're just starting positive momentum on the histogram. Earnings are coming up and that is the only catalyst i see ..but the energy sector is ripping right now since current administration doesn't like us drilling for oil....so let''s see if this is gonna be...
Couldn't ask for more from a TA perspective...
Well that was quick...entered in premarket and it's already breaking out today !!! I'll take that anytime !!! Let's see what kind of price action we get on the breakout
Here’s another pretty setup, I’m taking a long here. Descending channel....bullish divergence on both oscillators on the weekly time frame. Too pretty to pass up.
Nordic American Tankers Ltd owns and operates double hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters pursuant to cooperative arrangements with third parties. The company's fleet consists of crude oil tankers, and all of its vessels are...
NICE DESCENDING CHANNEL. SOMEWHAT BULLISH DIVERGENCE ON THE WEEKLY COMING OFF SUPPORT. BREAKOUT IMMINENT ?