I don't have a working cycle count in NatGas right now as I haven't traded it since it topped earlier last year.
This is a falling knife.
2 days ago we lost 3.300. That was the 2021.02.18 top and the Fibonacci 78,6% retracement level. As we broke below that level I see nothing until 2.442 and 2.267.
If anyone wants to long this needs to wait at least a...
Natural Gas has been hammered over the last couple of weeks and It's about time it took a turn to fill in the gaps; beginning with the most recent one yet to be filled.
Strong positive RSI divergence on the daily, alongside oversold hourly, weekly and monthly RSI.
It's still freezing cold with many winter storms across the USA so I can't see Natural Gas being...
Following weekly and monthly chart in medium term.
I think it's time to pull back, also my indicator in on the bottom, so let's try a long.
TP1 3.69
TP2 4.39
SL 2.78 - Please wait for next week close price to stop, they can show even deeper but expecting a long here.
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...
Natural Gas formed a harmonic abcd pattern on a weekly.
Its completion point matches perfectly with a horizontal key level.
I am currently looking for a confirmation to buy.
I will look for a bullish breakout of a falling channel on 4H.
It will confirm the strength of bulls.
Goals will be 4.08 / 4.36
Alternatively, a bearish breakout of a blue area will push...
Natural Gas is at a major support key zone, after several months of downtrend. My bias is that price would range at this level for a while before a major reversal to the upside. If the price breaks this key level, i expect price to move down to the next key zone.
There is a possibility of a bullish wave
I cannot be certain that it will be an impulse wave that ends at levels of 13 USD, but it is certain that it will be fast until levels from 6.5 to 8 USD.
my long setup in the chart
good luck !
Hello guys, Everything is clear on the chart for you like always. Next potential move of gas could be an upward. we have a strong support and demand zone at 3.3-3.5 $. So you can consider it and monitor the price's action in the circle to enter buy position.
Good luck.
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NatGas is currently facing down and should leave the turquoise target zone to climb below the support line at $4.750 to complete the pink wave iii. Our alternative scenario implies, that the course could rise above the resistance mark at $7.064 instead, if the course would stay above the $5.337-mark. After the completion of the pink iii in our primary scenario,...
NATGAS has Bullish Divergence at the PCZ of a Bullish ABCD on the 2 Day and it also has a smaller intraweek Bullish Shark Setup on the Hourly with a Bullish Divergence.
I will target $4.50 on the Hourly and $8.00 on the Daily.
Following the substantial decline in price today, it is expected that we may see a retracement. This is a common occurrence after a large price movement and is often an opportunity for traders to enter the market or adjust their existing positions. It is important to carefully analyze the price action and consider multiple factors, such as market trends,...
we see that buying natural gas is a good idea as it stopped downwards at the resistance showed in the graph .
that lead by the strong american ecenomy and the reducing of the disclosure in china .
Natural Gas dropped to a key weekly/daily demand zone one more time.
Chances will be high to see a pullback from that.
A bullish breakout of a falling parallel channel on 1H time frame confirms the strength of bulls.
Goals: 5.6 / 5.8
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Natural Gas had a huge drop, then a big bounce (3 day bar surge!). It looks like it has hit resitance again and may fall into that lower bear target area.
Hello traders!
‼️ This is my analysis of NATURALGAS .
Here we can see that price rejected one more time from support zone, so I expect we can see bullish price action upcoming days, but for medium term perspective I see price to take out liquidity below support zone.
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The recent price action in the daily natural gas price chart updated to December 5, 2022, saw prices falling rapidly and breaking below the supports of two moving averages (50dma and 200dma) and some key Fibonacci retracement levels, such as the 50% retracement of the post-Ukraine war rally to August highs.
The two moving averages earlier created a death-cross...
