I mean, based on my analysis, the weekly support bullish line still holds the price and that must be a reason for it. To go back where it was in October, it doesn't difficult at all, if weekly macd turn positive - it could just happen within a week or before the beginning of March ( do not underestimate the power of natgas bull ;)). However, there are always...
if the price follow this pattern - $8 would be mine taking profit
My bet would be up, I am eyeing the October high ($5.7 -$6.4), as the weekly trend line holds and possibly test the high again. my analysis is based on technical analysis only no fundamental (as the market make no sense)
The itsy bitsy spider climbed up the waterspout. Down came the rain And washed the spider out. Out came the sun And dried up all the rain And the itsy bitsy spider climbed up the spout again. Everybody knows this nursery rhyme, but for us, the lyrics go like this: Itsy bitsy NatGas climbed up to the green span Down came the rain And with it NatGas ran. Out came...
Natural has been on a decline ever since their recent high of 5.3. Price is heavily oversold here. We can see that the trend has recently left the falling flag and most recently breaking out of the descending triangle, recording a positive RSI divergence there too. Currently on a important resistance level and my first target is the resistance up in a area around 4.5.
✅GAS is trading along the rising support And as the pair is retesting it I am expecting the price to go up To retest the supply levels above LONG🚀 ✅Like and subscribe to never miss a new idea!✅
NATURAL GAS is trading in a bullish trend and now it's retesting its channel support line I expect either bounce at those levels or liquidity will be taken and we will see a retest of the midterm point of control at 3.438
The SPX & VXX both bounced from the .5 Fibonacci extension and retractement on daily time frames. Monday will be interesting with the Ukraine situations + Emergency FED Meeting results. I can see it going both ways unfortunately but the trend says we find a lower low. My gut tells me a no deal no info meeting through the weekend on Ukraine, and more accommodations...
Hello,Traders! NATURAL GAS is trading in an uptrend Along the rising support line And as the gas will soon retest it I think its a good long trade opportinity Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Impulsive move up is definitely fading away. Some pips down still possible, but IMO this is the nice area to watch for longs. There both bearish and bullish options for the larger structure, but at least we can trade the correction to the last impulse. The bullish option is under question, but viable - if we assume a flat structure as shown on the chart - with...
NatGas is a legit little drama queen these days. Since last week, it has completed wave 2 in green at about $4.049 and has not looked back so far. With several dramatic boosts, it surged upwards and breached the resistance line at $4.825 to finish wave 3 in green. After this exhausting exertion, it put its delicate hand on its forehead, sighing: “I need to recline...
US natural gas futures (Henry Hub) are under pressure following a sharp surge higher, pinging former trendline support before easing. Prices may remain elevated, given colder-than-average temps expected to last through next week from the Ohio Valley to the Southeast US. Meanwhile, Europe continues to source a high amount of US LNG cargoes amid a supply crunch and...
After a correction of -45%, the uptrend resumes in the weekly support level. We bought it at $2 and we've been adding more positions ever since. The energy crisis in Europe is increasing as countries are moving to renewable energies. Germany and Belgium are closing nuclear reactors so we expect issues in terms of demand and supply, and the increasing inflation as...
BOOOOOM. $BOIL hit target today for 62.89% in 29 days I’m just noticing now because it closed in premarket and I was so captivated by SPY today… 62.89% in 29 days!!! This is why I love trading NatGas!!! Still looks bullish with a possible Golden Cross incoming so if you’re still in good luck… I'm out... Until next time, BOIL ----- — On the far right of...
I now believe that this is a flag continuation pattern with a {wave 5} target of $8.
natural gas elliot waves + TL's plan in play. energy is dominating the mktplace and natty has been mostly overlooked
Looks like NG1! is poised for another move. To be honest, it can break either ways, but ill look for a sell here
12.84 & 3.66 stops targetting that resistance shelf around 4.03 & 14.00