Natural gas show somewhat gartley harmonics pattern, indicating a subsequent bull-run. Buyers should wait for rejection of a subsequent bearish ABCD pattern before going long.
Natural gas show a strong compliance to the bullish channel. By taking Fibonacci Retracement support & resistance, the current price point shows strong buy appeal. Moreover, strong bullish candlestick patterns and formation of higher low can be considered.
Natural Gas has seen a sharp fall within past few weeks from 9.051 to 5.480 within 7 to eight weeks only. This is more than 35% fall. Now it has reached near the major support zone where there was high demand during the July month, we can buy Natural Gas now and aim for 6.508 price level
I put in a Buy Order at 6.9 as I just read that Russia is going to turn OFF the gas deliveries to Poland starting Wed Morning.
I am expecting NG to go up with NG in Europe as Poland will have to get it's supplies from other countries - like the U.S. maybe?
We shall see but maybe I can make some money back on what I lost last month :-)
Stay safe!!
Heiko
Expecting bullish price action on this pair but simply on a fundamental reason, price tapped on 7.0$ institional figure taking out some retail stops below this price area and for now we are going for the ATH - ALL TIME HIGH.
What do you think ? Comment below..
📉 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 ?
Like a balloon, NatGas is floating further and further upwards from the support at $3.536. Although every now and then, there may be some gusts of wind temporarily disrupting the upwards surge, we expect that NatGas’s general tendency is to rise higher. However, as it is usually the case with balloons, they can lose air or burst. Accordingly, there is still a 45%...
NatGas seems to have ants in its pants, seeing that it has been fidgeting above the orange zone between $3.982 and $4.464 during the last weeks. As it has botched its first attempt to move upwards after finishing wave 2 in green, we expect NatGas to try for a second time. It should then rise into the green zone between $5.856 and $6.214 to complete wave 3 in...
After Bidens announcement I put in a Stop Buy Order at 4.6 to see if price action would come up once 9:30am hit - Sure enough it took less than 15 minutes.
This of course is all due to Biden, who later today is said to ban Russian imports and/or the purchase of Oil and NG from Russia. This could put a supply issue into the world which will push the price of both...
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...
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...
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...
