📉 I CLOSED ALL TRADES IN PROFIT ON USGAS, we are still bullish on this asset from a fundamental/tehnical analysis context. My last target for this asset is 6.0,i think we will go there but not before price makes a retracement back into 5.0 institutional figure H4 Imbalance + bullish orderblock area.
What do you think ? Do you agree on my analysis ?
Natural Gas - Weekly
Bottom Line : "Big-picture" Bullish.
Repeating : The higher probability view is to label the Primary wave ((C)) decline as an ending diagonal to complete Cycle y . Ending diagonals are terminal structures. They are typically followed by swift reversals that retrace the entire length of the pattern. There’s not enough historical price...
📉 Expecting bullish price action on NATURAL GAS as we have fundamental reasons behind a strong bullish move the war between Ukraine-Russia + sanctions that will affect the supply/demand of this asset, another fundamental reason why price will go higher way above 5.0 is because we have a BULLISH MARKET SEASONALITY till July.
From a technical perspective...
📉 Expecting bullish price action on this asset as the price of natural gas should rise from a seasonality point of view, we have a bullish market strucutre on H4/D1 timeframe as price keeps making higher highs and lower highs during the move, i will switch my bullish bias only if price will close bearish below the 4.0 area which is a important institutional...
Certain geopolitical events, rising prices in Europe and cold snaps across North America seem to be pushing Natural Gas higher. It's broken a key overhead resistance but upside will be limited. You can see some of the previous support lines which do correspond rather nicely with the last move downwards. This is strictly a short-term play unless other resistances...
It is not rocket science. The winter is coming and we like it hot. Therefore, the NatGas price will increase once again and push to highs around $8, given the course remains above $4.825.
Have hot weekend!
There is still some room left on the bottom side of the NatGas chart. The turnaround should come around $3.521. After that, massive increases in the price should follow, given that the price does not fall below $3.13 before.
Heat now, cry later!
Hello Traders! Check Related Idea for market context - it's going exactly as we identified, the pattern in NGAS is clear and it's been moving beautifully and very lucrative!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the...
Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the...
Gas Fib Retracement - Long Order
Entry: $2.407
TP & RR: $2.549 (3.38)
Stop Loss: $2.365
REASONS FOR THE TRADE
So far Gas has respected the Fibonacci levels twice, leading me to believe that we may see a bounce from the 0.236 level and a potential reversal. We also have a descending trendline, which I am not sure how well will be respected, but it's worth...
Gas Climbing Up - Long Position
Entry: $2.715
TP & RR: $2.877 (3)
Stop Loss: $2.661
REASONS FOR THE TRADE
So far price action has formed a diagonal trend line, so I believe if it respects that level the price should bounce up and head towards a double top. There's also the possibility that we don't get filled and the price starts trending up without us,...
GAS Testing Support Level - Long Position
Entry: $2.566
TP & RR: $2.673 (2.49)
Stop Loss: $2.523
REASONS FOR THE TRADE
This looks a lot like the infamous " market maker method ", so I am expecting the price to continue trending down even below my entry zone. The logical question is then why are we opening a long trade? Well, if this support holds and I...
