contractionary monitory policy on one hand and full storage of European countries to cover the winter put pressure on energy commodities like oil, Natgas and etc..
from technical point of view we are in bullish corrective move after massive impulsive Daily bearish move which took out the Daily low. Price on the way down formed measuring gap which also got filled...
US natural gas prices have formed a head and shoulders top pattern, which may signal a weakening of the current major bullish trend and a subsequent reversal into a bearish one.
The left shoulder coincided with the relative highs at the end of July at $9.30/MMbtu, a level that was then followed by a pullback to $7.53 (August 8) prior to the beginning of a new...
With natural gas setting up for a possible parabolic advance (or likely elevated prices), I am looking for great set-ups in nat gas producers.
SWN:
These types of structures have multi-bagger written all over them.
Expecting bullish price action on this pair but simply on a fundamental reason, price tapped on 7.0$ 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 ?
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...
NatGas is slowly leaving the warm realms of the south behind, aiming for the resistance line at $4.825. Once there, we expect it to rise even further north.
However, we also see a 42% chance that the price could decide to soak in some more warmth and go below the support line at $3.396.
And with the winter, the price of natural gas is increasing, too! This means that the course is going to leave the support at $3.396 farther behind. What lays in front are surges past the resistance at $4.825 all the way up to $6.466.
Can you feel the heat?
The natural gas markets have gone back and forth during the session on Thursday, hanging about the $3.80 level. Over the last year or so, I have been asked to do less analysis on natural gas, but quite frankly my email box has been full of questions as to what is going to happen with natural gas next. Retail traders have no idea, nor do some professional traders...
NatGas is extending the correction way below the mark at $4.825. Now, there is still some more room left at the bottom. In total, we expect the course to fall between $3.969 and $3.795. Ideally, the turnaround will happen here. If we, however, fall below $3.396, greater corrections will be realized here.
It's getting close!
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!
GAS Long Setup
🔵 Entry Level: $5.673
🟢 Take Profit: $6.094
⛔ Stop Loss: $5.441
Reasons:
- So far the price is respecting the ascending channel;
- I believe the price may bounce off the lower trendline in the area between $5.535 and $5.670.
Game Plan: If the price goes through the lower trendline (yellow), which at the moment acts as a support level, then I...
After all the massive bullish runs, the NatGas price needs to cool down a bit. We expect it to fall to $4.758. From there, new surges are to be expected.
Cooling Down!
Hello trading friends,
Depending on the last chart study for NAT GAS - it looks we are entering a new breakdown trend.
This could be a start trend for further breakdown trend for NAT GAS.
Have a great day.
