This is on the 2 HR chart on October Contract. Quite a bearish week. I still believe we are headed up. Very short time frame to have a full blown bearish continuation with winter right on the corner and demand expected to start rising with cooler temperatures. Also Hurricanes and storm season is upon us. Usually we see spikes in prices in September, October &...
Hi traders, Looking at natural gas, we are still tracking a correction in wave (4). Currently it is trading at 2.4 support level, which can be first potential turning point zone, however, in case of a deeper corrective W-X-Y, price can retest 38.2 Fibo. retracement and the base channel line (2.2 area), where support can also be seen.
Previous macro analysis:
Buy on natural gas , use risk management, potentialy wait for entry at 2.7 level
RSI shows oversold, potential profit - about 80% if breaks 31.4 in next 3 weeks.
Pattern: Channel Up on 4H. Signal: Bullish on the 4H MA50 or if the Channel Up breaks upwards. Target: 2.650 and if 2.680 breaks (+12% from low) potential extension towards 3.000 (+27% from low). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me...
Bullish factors: NG Natural gas price has been rallying for the past month reaching $2.5 level on increased consumption during summer months, improving LNG flows reaching 5.1 bcf/d in mid-August, and two tropical storms in the Gulf area threatening natural gas production. The fundamentals remain bullish going into mid September. Bearish factors: Production is...
Bullish factors: NG Natural gas price has been rallying for the past month reaching $2.5 level on increased consumption during summer months, improving LNG flows reaching 5.1 bcf/d in mid-August, and two tropical storms in the Gulf area threatening natural gas production. The fundamentals remain bullish going into mid September. Bearish factors: Production is...
This is An update, As I said Market will Star change direction this morning Don't Buy market today or tomorow and wait.., So my advice was Only short market below 2.38 SO our prediction was right, and market now at 2.35 Mathematically only Sell hard below 2.39 retrace. first target 2.30 second target 2.175 Good luck
Rallye haussier du natural gas après avoir casser la résistance des 1.962, celui ci pourrait continuer a faire des plus haut dans ce long canal haussier qui vient de se former. Notre vue est plus du côté des bull mais nous nous attendons a une légère correction du marché avant de retrouver une hausse plus importante. Voici nos objectif , nos zone de risques ,...
Pattern: Bullish Megaphone on 1D. Signal: Sell as the price is testing the Higher Highs trend-line of the pattern. RSI also close to a top. Target: 1.950 (potential Golden Cross). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me a great deal at...
Crudeoil is to be in range for some days . it is being in tight congestion zone for more than 2 weeks and recent make of lower high and higher low sends the signal of confusion in the market , thus a rangebound movement is expected. Further a Cup and handle kind of formation has taken place which can give upside breakout
Sun Power $SPWR is forming a long handle following the cup seen previously in my last SPWR post. This corrective pattern now has this trader sitting at 1cent per share below an avg . cost of 9.75. It still remains to be seen if this can go parabolic, make a big run, and break from the cup and handle. As to the certainty it does? It is hardly based on chart...
With the natural energy sector booming, $SPWR has made a great play thus far. Entering on Monday, it has gained since and looks to still be in for a strong corrective wave. The ultimate potential of this is not fully clear. However, thus far, the entire sector has had a tremendous past month. It is a well-proven company trading much lower than it once did, but...
Hello everyone the weekly chart for this market shows the downtrend in the next week. also we must be vigilant of the change in the direction of the market please subscribe for more details
NG Natural Gas August futures contract has been declining on cancelled LNG shipments and low national demand. US supply keeps steady outpacing demand. US demand started improving on June 21st due to reopening of NY-NJ-PA economies. However, Texas extended its lockdowns, counteracting positive effect of the East Coast. Seasonal heat is high. But with 40-50 August...
Natural Gas is trading within a Channel Down (on the log scale) on the 1W chart (RSI = 45.584, MACD = -0.111, ADX = 31.401) since 2009. This pattern provides very accurate Cycles, bullish when a Lower Low is made (green arrows) and bearish when a Lower High is made (red arrows). At the moment the price has just made contact with the Lower Low trend-line, making...