On 8th November 2022, shares of Exxon Mobil reached a high of 114.66$, marking over a 280% increase since their lows in March 2020. The company has enjoyed this two-year lasting rally thanks to the growing prices of oil, which translated into growing corporate earnings during this period. However, with oil prices peaking in the first half of 2022 and worsening...
The recent price action in the daily natural gas price chart updated to December 5, 2022, saw prices falling rapidly and breaking below the supports of two moving averages (50dma and 200dma) and some key Fibonacci retracement levels, such as the 50% retracement of the post-Ukraine war rally to August highs.
The two moving averages earlier created a death-cross...
In my last post last week, I gave several reasons as to NG declining in price. I said that it would probably get down to 6, maybe lower.
It opened tonight in a Gap Down situation and now sits around 5.8 - crazy low.
What will it do this week? Good question...
I'm thinking it could get as low as 5.2, maybe touching 5 in a low 'rubber band' touch one day this...
Hi guys, this is my biggest "fear".
I'm planning to buy low, obviously, but if the rise start now, i'm not confident to enter at this point of the year with recession and war.
Do you have a plan for this?
Looks like somebody overindulged on caffeine yesterday since NatGas jumped quite high to complete wave a in pink. We're currently expecting the course to drop back below the resistance line at $7.221 to finish off wave b in pink, before starting another climb above this mark. As soon as NatGas has crossed $7.221, it should rise further to complete wave (B) in...
Natural Gas (NG1!) hit yesterday the Lower Highs trend-line of the August 22 top and today we see the first signs of a rejection. Until this breaks decisively, we can expect NG to pull-back to the 0.382 and 0.236 Fibonacci levels.
Based on the 1W RSI though, which is on a Falling Wedge since the October 01 2021 High, there is still some room to rally, and if...
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Wassup guys?! After my NG short call (two months ago) and reaching it's target I think the drop may not be over yet. I can imagine price is going to test support cluster created by major uptrendline (lime), horizontal support...
#NATURAL_GAS Is on the way to meet the 200 MA and the lower belly of the bullish channel. There is a high probability of rejection at that level. I am looking for a short at that point with a reasonable stoploss.
Check out my older NATGAS idea
contractionary monitory policy on one hand and full storage of European countries to cover the winter put pressure on energy commodities like oil, Natgas and etc..
from technical point of view we are in bullish corrective move after massive impulsive Daily bearish move which took out the Daily low. Price on the way down formed measuring gap which also got filled...
🔥Natgas is gaining momentum.
🔥In the current post I would like to give you an overview of my current upward scenario on Natural gas.
🔥As you can see, for a good few weeks the price of natgas has started to rise again.
🔥Big upward impulses are preceded by small corrections.
🔥The level I intend to see is around 8.2
🔥The price level stems from a resistance...
●● Preferred count
● Natural Gas Cash ( NG .C), 🕐TF: 20D
I worked out in detail the counting of long-term waves on the historical chart 1930-2022 .
The chart has a number of notes. The structure of wave (IV) in the future may become more complicated to a triangle. The ending diagonal (V) is also questionable — the development of momentum ...
Trade Idea : Sell Nat Gas at market
Reasoning: broke down from the medium term trenline and retested it with rejection so looking for bearish continuation to target previous resistance which becomes support at 6.300.
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains...
as you can see on my NatGas analyses, for now i'm bearish but this doesn't mean i'm short on price.
I'm just watching and waitinig for a good entry point to long NatGas, and now seems obvious we were in a big channel that now is broken.
So what's next?
Maybe we will see a retest of support in these weeks and then a big fall, since all EU country have...
At this point I am not sure what is going on with this chart...
One thing is obvious... there are some big entities behind these massive moves, it is most likely governments or big funds like BlackRock or alike. Retails are getting crushed on this ticker!
On one hand there is demand for winter, and on the other hand the supplies are getting filled for THIS...
As you can see from the Daily Chart, price action is at the outside of the Linear Regression so it's possible this week price action could drop...maybe under 6.
1 - late last week both European AND UK NG price dropped
2 - Weather is looking steady, certainly on the cooler side, but still no snow really in the forcast for basically all of the U.S.
3 - China is in...