general upward trend Rising volume supports higher prices RSI also supports higher prices
So far, NatGas fulfills all the requirements for the correction. The ideal target of this is at $3,669. At the end of the correction, another long trade could be entered to profit from the rise towards $4,779.
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!! Looks like the structure will break the low, and then we can look for bullish clues to buy. 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...
Although the NatGas price sharply dropped, we expect it to further rise until we are closer to $3.316. From there, we expect a longer corrective movement to dominate until around $2.187. After that, we should experience rising prices again that lead us over $3.800. Stay trading!
For the year 2020, it has a bad trade for Nat Gas lately. But, the 2021 witness the Nat gas trade are moving sideways.. In the past month of April'21, a 20% recovery from April lows. this in a good n for Nat gas. I expecting that the trade will grow in this coming weeks, perhaps the trade will cracking the resistance. A stop loss placed at price $ 2.85 This is...
Gas Long Setup 🔵 Entry: $2.740 🟢 TP & RR: $2.890 (2.14) ⛔ Stop Loss: $2.670 Trade Reasons: ✔️ Oversold Level Market Flow ✔️ Diagonal Trend Line Support
Gas Long Setup (refer to the setup marked with "2") 🔵 Entry: $2.704 🟢 TP & RR: $2.898 (3.4) ⛔ Stop Loss: $2.647 Trade Reasons: ✔️ Support level ✔️ Close to the 0.618 Fib retracement ✔️ Diagonal trend line within ascending channel 📝 A few things to note here: 1. Seeing how price action develops, you may close the trade setup suggested yesterday (marked as 1)....
Gas Long Setup 🔵 Entry: $2.81 🟢 TP & RR: $3.04 (1.71) ⛔ Stop Loss: $2.67 Trade Reasons: ✔️ Reaching lower trend line ✔️ Reaching support level ✔️ Market Flow indicator printing small divergences in the oversold area 📝 Not a great RRR, but the SL is positioned at a very safe level below the diagonal trendline and the recent lowest low. If price bounces off that...
daily chart on natural gas long idea
Like the title says... This is a Buy here. Here is the daily
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...
📍 Natural Gas The proud floor - such is the name sometimes given to support - is a useful weapon in the hand of buyers. And yet for a time, I toyed with the idea - a seasonality one, I must admit. We cannot simply dismiss the deep examination; namely the elements and the strategies involved in trapping our opponent. For example, the fake breakdown and slingshot...
NATGAS BUY TP_4.008_38.97%_1.124pips_SL_2.649_8.15%_0.235pips