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...
A possible scenario, to confirm need a break out of the wedge GOOD LUCK!
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.
The NatGas price has been surging over the last couple of months and we expect it to slow down soon. Here, we expect the correction to stretch until $4.157 before prices start to explode again. Go Bears!
I posted several calls from June 2020. NG is super bullish and will breakout from the multi year channel soon to target ~8$ Now we go down in a large correction and sideways movement until November. Bears are coming.. temporarily.
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!
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!
NG1 - Natural Gas We've been in range while, patience is key with this one Technical aspects - Brewing up nicely! Support: 2.400, 2.275, 2.040 Resistance: 2.945, 3.070, 3.375 Pattern: Wedge / Double Bottom A break to either direction and a pull back to the trendlines either direction of break trade to be taken. (once confirmed) Trade Journal (Just a trade...
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
After getting knocked out earlier in the month, the most recent range reversal trade has worked out well. I am going to stick with the short position for now as long as the rate of change stays negative and we remain under the 132 bar (or 22 day) moving average. I am still looking for price to hit range lows near 2.238
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,...
I was wrong about natural gas last week but I am taking another shot here with a stop above 2.900. Maybe this time it will reverse.
NATGAS SELL TP_2.261_15.32%_0.409pips_SL_2.751_3.41%_0.091pips