Hello traders. There is a good trade setup here and I have put an entry order. I'm expecting a down move and whit this drop B wave will be completed. The target is breaking down blue A wave.
Everyone is very bearish on natural gas because of the rising production coming out of Canada, and the United States. Although natural gas is bearish to moderate in price action, I believe that over time it will play a more pivotal role in the energy system than crude will. Natural Gas is holding up fine, and the price action in 2012 may prove to have been a...
This is the monthly chart for Nat Gas. As you can see I think we are nearing the next push up to finish a large B wave. But if you look at the time frame...it could be a while until such a big move happens. Short term thought....I think we are going to be starting a 3rd subwave up soon. Hope this helps a little bit.
Hello traders. I wish all of you a nice week. The first trade setup of this week is NATGAS. I'm looking for a short trade. As you can see It broke the correction and another correction is in the making. I put an entry order below the previous bottom and stop loss above the previous top. I will re-arrange my stop loss accordingly if it makes a new top. The target...
Look for the price action at 2.7 and make a trade accordingly
I would like to start with the indicators here. First of all the Slow Stochastic. Every time in the last 3 years when the StowStoch printed a flat bottom at the oversold levels it was followed by a strong rally in NatGas prices. Today the situation is the same : we have a flat bottom again. MACD is also crossing over after the extreme oversold levels and RSI...
trade # 18 ng direction l Mar 2 entry price 2.698 trade # 13 ng may l 3 call direction l Mar 2 entry price 0.025 trade # 6 ng mat s 2.5 p direction l Mar 2 entry price 0.026
Here on a smaller time frame....I am expecting another push up tomorrow to complete the larger wave 1. I will probably sell at that point and buy the dip. Hoping for a .618% pullback before the real big run starts. GL
I have been keeping an eye on natural gas for that past week waiting for it to reach these support levels, the downtrend has been really strong and so far buyers have been weak. I will be going long but monitoring it carefully as the demand has not kicked in yet. If it breaks down we can see some lows we have not seen in a while anywhere around 2.15-30. Take...
This is the weekly chart of the natural gas. you can see the long term trendlines. It may test the one of trendlines. If it does, it'll be a possible long opportunity. I'll stay cautious with this idea, because it can just bounce before reaching the trendline. I would never go short with rising global demand.
NATGAS has support at 2.75 and 2.6 Wait for a green 9 candle to make entry for a long position Keep an eye on the daily and 4hr chart in case rebound is early
Ngas had a massive fall of 10 % this weekend Interesting to see the price action now