Natgas may still have a very big upside considering Russia will be doing everything to win the war before May 9. It is very probable that Natgas will be able to reach the 1.618 FIBO level 8.255 in June 2022. Very Interestingly, 8.255 is also the measured move from the triangle.(see chart) Not trading advice
📉 Expecting bullish price action on NATURAL GAS as price is in a clear bullish market strucutre on D1/H4 timeframe, price made a breakout above the weekly highs retraced back into the H4 imbalance testing the weekly highs and clearly reject from that area. I think we will see 6.0 ASAP. From a market seasonality standpoint we are very bullish as naturalgas should...
The price action is very bullish but is arrived on biggest resistence area and in 15minute time frame is creating a potential H&S patter. If confirmed the break of neck line we can have a short impulse to near support area.
📉 Expecting bullish price action on NATURAL GAS from a medium-long term perspective as we are in a HTF BULLISH MARKET STRUCUTRE, price kept the 4.5 psychological barrier without breaking it to the downside, we have bearish imbalances somwhere around 5.0 that should magnetize price back there, Market Seasonality is very bullish on chart as we have a BULLISH CYLCE +...
Type: Bearish drop Resistance : 372 Pivot: 363.9 Support : 332 Preferred case: We see the potential for a further bearish drop from our Pivot at 363.9 in line swing high resistance towards our 1st support at 332 in line with 127.2% Fibonacci projection and 61.8% Fibonacci retracement. Our bearish bias is further supported prices trading below our ichimoku...
Natural Gas - idea update Flat situation... but is it possibile a new short action in the next week
Wrote about this stock earlier today or yesterday. Continued volatility within LNG should make commodity transporters like $GLOP skyrocket. Large cup and handle and ascending triangle shows this name is getting ready for it's 15 minutes of fame.
It takes a brave investor to bet on the outcome of Vladimir Putin’s saber rattling around his neighbor Ukraine. One result of the Ukraine crisis seems more predictable: The European Union will look to cut its dependence on Russian natural gas, which currently accounts for 40% of consumption. Companies from Norway to Texas might benefit. The simplest way to...
Natural has been on a decline ever since their recent high of 5.3. Price is heavily oversold here. We can see that the trend has recently left the falling flag and most recently breaking out of the descending triangle, recording a positive RSI divergence there too. Currently on a important resistance level and my first target is the resistance up in a area around 4.5.
slight pause in the market after a bull run. going to pull back to pervious resistance that will become support.
Another confirmation of my confidence in the YATEC (MOEX:YAKG) - Zhejiang Provincial Energy Group Co Ltd buys 10% of YAKG and its subsidiary - GlobalTec for 500 million euro. The Chinese company evaluated YAKG as 500 RUB per share, current market price is 140. I suppose it will grow more than 5 times next autumn. Its not investment suggestion, but Im buying...
As we know, NATGAS is a beast with it's own mind and often technicals fail to support it's move, but here's one anyway! As you can see there's a descending flag that has been accumulating and I've used a fib extension to determine it's next target. It's severely oversold on the hourly and the 4hr charts, due to I'm sure the profit ejections from the previous...
Natural Gas SHORT Analysis based on pure technical - trend line analysis - Fib retracement (power of Fibonacci Retracement , so we can use as like our advantage in the future), I think now patience is the essential key as always. It is about understanding FLOW (flow of markets)
Natural gas has made a lovely set up here, with a breakout from the ascending triangle and is resting on the support level within a descending flag. The weather in the US isn't getting any milder and inflation worries can really set this one up for a huge run. Great R/R Ratio here. Breaking out from the top support is vital here, and if it does, prices might...
looks like prices have stabilized, at current prices we see allot of fear based trading, but i think it's best not to give into these short term trends and look at the bugger picture, natural gas has been in a uptrend for a while now and i see no reason for the uptrend to come to an end.
UNG (United States Natural Gas Fund) - 2021 - Support, Resistance, Trendlines: -Resistance Price Levels (colored horizontal lines above current price) -Support Price Levels (colored horizontal lines below current price) -Trendline Resistances (diagonal grey lines above current price) -Trendline Supports (diagonal grey lines below current price) note: chart is...
News: The US benchmark for the price of natural gas was in recovery mode on December 3 after falling significantly over the last four trading sessions. The January gas delivery contract at the US Henry Hub was up 3.6% as of 12:25 GMT to trade at $4.20/mn Btu. The benchmark, however, lost 25.5% over the previous four trading sessions. The latest natural gas...
Potential pull back until POC price The price are working on support area and up 200 average medium price so there is posibility for an pull back