The last few candles show a sustained sell-off followed by a brief recovery below the short term trend line (white dotted line). Will natural gas follow the end of day recovery and go back over $2? I see 2 scenarios here: 1) The price closes over $2.03 on Monday and tests $2.15 this week 2) The price breaches $1.84 and starts a new descending channel...
Doubled down yesterday.. now let‘s see if the rebound is as substantial as expected! :D
GOOD EVENING, HERE IS A POTENTIAL PAN OUT FOR NATURAL GAS. CURRENTLY AT NECKLINE OF WHAT COULD BE A COMPLETED HEAD AND SHOULDERS PATTERN, RIGHT SHOULDER JUST NEEDS TO DEVELOP! PRICE IS CURRENTLY AT A KEY SUPPLY/DEMAND ZONE AND A NICE REJECTION CANDLE ON LAST DAY, EXTREMELY GOOD RR IF THIS WAS TO COME IN BUT EVEN HALF THIS TARGET WOULD BE GREAT. THE MOVE WILL MOST...
I am waiting to get a better entry either lower or after breaking this trend line.
PRICE HAS JUST HIT UPPER BAND, WE CAN SEE A PULL BACK BEFORE THE PRICE DROPS
Use this as a guide to develop your personal view of the chart. Main items we observe on the Daily Timeframe: a)Price Broke the ascending channel and the major Support/Resistance zone b)Currently, the price is inside a Flag pattern on an ABC pattern with a clear structure (yellow lines) c)These types of patterns are considered continuation structures (meaning...
Could this be the long-awaited Head & shoulder pattern for the reversal of Natgas for the potential jump to 3.5$? Well, we never know that but keep this pattern in mind. We are Bullish today if we see any candlestick confirmations.
Broadening bottom. Still in awkward position but I'm bull biased based on harmonic patterns.
NG is forming a Channel Up on 1W (RSI = 51.784, MACD = -0.011, ADX = 20.925, Highs/Lows = 0.0155) and is approaching the Demand Zone for a Higher Low. The 1D MACD shows that there is still some room to it, so be ready to buy lower (ideally well below the 1D MA50 once the Golden Cross takes place). Our Target Zone is 2.785 - 2.860. ** If you like our free...
Natgas travelling inside a channel. Use your own risk management.
The current fall of bitcoin is natural motion at this time. strange would be if we watched a high and the price back to 15k. We are still in a long term downtrend. In my perception, we live the second big fall of bitcoin, which is still just a baby. however, the macro movement is bullish and remains an excellent long-term investment, something for life. ...
Natural gas is setting up a a short term trend down before draw down season begins. I am currently owning shares of DGAZ at the price point of $107 and I will be waiting for $120-$130 before Thursday to sell out of my position. Currently, Dgaz is sitting at ~$112. Natural gas is trending down until draw down season fully comes into effect. I expect the price of NG...
Natural Gas is extending a strong 1D bullish leg (MACD = 0.113, Highs/Lows = 0.2976) which has entered into the overbought territory (RSI = 75.562). Being near the 1M (monthly) Resistance, the right conditions for a medium term short trade emerge. Even the 1D RSI is close to a Double Top and may follow the previous sequence of March - May 2019. Notice how the...
If we compare past economic trends from our past in terms of our natural gas price, there are obviously many factors that contribute to the price of Natural Gas as well as the timings of the swings. Most often, natural gas will see price increases more often in the winter if we see unexpected changes in winter weather making it a seasonal bet. In this chart I...
NGAS looking for a support from where we can go with the wave towards
stop @ 2.48 target 2.18