Possible scenario to NATGASNatgas has been in a downward trend for more than a month.
I expect it to reach the support level shown in the picture for a third time.
If this happens, the exchange rate will rise significantly again.
Natgassignals
NATGAS - NEW BREAKOUTHello Traders !
On Wednesday 17 July, The NATGAS price reached the support level (2.032 - 2.138).
Currently, The last lower high is broken (Change of Character).
So, I expect a bullish move🚀
_____________
TARGET: 2.305🎯
Natural Gas Short Term Sell IdeaD1 - Price is bouncing lower from a strong resistance zone.
Bearish convergence.
H4 - Bearish trend pattern
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
NATURAL GAS - Important Breakout 🚀
Previously, The Natural Gas Formed a Bullish Falling Wedge Pattern.
On Monday 6 May The Price Broke The Resistance Level (1.973 - 1.893).
Currently, This Key Level is Broken and Becomes a New Support Level !
So, I Expect a Bullish Move 📈
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TARGET: 2.140🎯
Natural Gass PredictionsLooking for potential pivot points at the shapes. I marked some examples from the past. I have an interest in the marked date of 1 Feb '24 (Red Star) and another big event that might happen on this drawing. I am also interested to see if the market goes out of the boundaries marked at 1.45 and 3.666.
NATGAS LONG TERM TRADE analysHello Traders
In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
today NATGAS analysis 👆
🟢This Chart includes_ (NATGAS market update)
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NATGAS LONG TERM Buying TRADE analysisHello Traders
In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Potential Downtrend NATGAS
The natural gas market is currently experiencing a significant downtrend. As per technical indicators including Fibonacci retracements, Ichimoku cloud analysis, volume trends, MACD (Moving Average Convergence Divergence), and RSI (Relative Strength Index), the price of natural gas has declined notably.
Current levels indicate a potential sell opportunity with a suggested stop-loss (SL) set at 2.955 and a take-profit (TP) target at 2.730.
NATGAS will it continue down?Natgas is holding below the support (range), if it is able to get back, it will be able to make a retracement to 0.5 fib. Otherwise, if it is still rejected and the price closes under. Natgas will continue on 3d.
NATGAS LONG TERM TRADE analysisHello Traders
In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
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NATGAS LONG TERM TRADEBUYING19 minutes ago
Hello Traders
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NATGAS LONG TERM TRADE BUYINGHello Traders
In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
today NATGAS analysis 👆
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NATGAS LONG TERM TRADEBUYINGHello Traders
In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
today NATGAS analysis 👆
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Target 4.97Following daily chart sharing to see it more clear weekly.
We're good to go now
TP1 3.58
Tp2 4.97
Another target will be EMA100 which is on the chart.
SL 2.06 - it's a bit far away SL but technically this is possible.
NATGAS LONG TERM SELLING TRADEHello Traders
In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
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NATURAL GAS ( XNGUSD ) Long Term Trading IdeaHello Traders
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NATURAL GAS ( XNGUSD ) Long Term Trading IdeaHello Traders
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NATURAL GAS ( XNGUSD ) Long Term Trading Idea Hello Traders
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NATGAS Detail Trade Plan | Price Level S/R Guide- UNG falling wedge still intact,
- NATGAS potential daily downtrend forming we have to see if bulls can play defense and negate that bear flag.
- hourly trend will be my guide, if need bulls to form hourly uptrend before anything.
XNGUSD ( Natural gas ) Short Term Selling ideaHello Traders
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UNG Perfect Falling Wedge Rejection | Support & Resistance Guide- UNG rejected from falling wedge upper resistance now dropping a little more then what bulls want to see
- need to confirm a hourly uptrend as the first step for bulls
- want to see it hold it hold 6.65 otherwise going to 6.3
Natural Gas Weekly Bear Flag potential but still holding Support- AMEX:NG AMEX:UNG AMEX:BOIL needs that 4 hours trend change otherwise even the big moves will essentially just fade
- still a potential weekly bear flag
- but still holding bottom wedge support and also double bottom on daily.
Natural gas: When will the bloodshed stop?Natural gas prices (US Henry Hub) plunged 20% in the first week of 2023, dropping below pre-Russian invasion of Ukraine levels and continuing losses seen in the fourth quarter of 2023.
The sell-off was violent, mimicking a falling knife pattern, with prices sliding back to levels seen towards the end of 2021 and the RSI returning to oversold territory. aPrices are now two standard deviations lower than the 20-day moving average, while the 50-day and 200-day moving averages trade 70% and 100% above, respectively, than current prices. The decline from the highs reached in August is around 65%.
It appears that the apocalypse has arrived for the asset class that rose by 100% in the first eleven months of 2022, outperforming all major markets, only to lose all of its profits in one month.
Extremely high temperatures in Europe and the United States over the winter season kept natural gas supplies plentiful, causing prices to fall. According to NOAA predictions, temperatures on the North American continent will be above normal again in January 2023.
Prices for natural gas have hit a support level not seen in over a year, suggesting that an abundance of pessimism is already included into market valuations. Below this level of support, the next level to watch is 3.02 (June 2021 lows) and the psychological 3.00 level. That would imply a 70% loss from the peak, which would support some dip buying given that the market has not yet fully resolved the 2022 geopolitical issues.
In this case, technical analysis suggests that further declines are likely to be contained; similar oversold RSI levels in the past have been followed by weeks of bullish price action, suggesting that this sharp decline may not be without some upward potential. Prices might return to 4.47, the level at which they traded on the day of Russia's invasion of Ukraine.
