Here I expect bullish price action as the price took out liquidity below PWL (previous weekly low) and rejected from bullish orderblock + psychological price level 7.0$.
Expecting bullish price action on NATURAL GAS after the gap fill, i think price will go higher to fill the bearish imbalances. What do you think ? Comment below..
Like a geyser, NatGas is spouting upwards from the white zone between $6.255 and $6.684. We expect it to have enough drive to reach the resistance at $8.065 soon. There, it should gain some more momentum to make it into the orange zone between $8.559 and $9.241, where wave (5) in white as well as wave iii in orange should end. However, there is a 42% chance that...
simple analysis Trend lines have been relied upon and volume analysis and moving averages
Fundamentals; Russian President Vladimir Putin is demanding foreign buyers pay for Russian gas in roubles from Friday or else have their supplies cut, a move European capitals rejected and which Germany said amounted to "blackmail". Putin's decree on Thursday leaves Europe facing the prospect of losing more than a third of its gas supply. Germany, the most...
📉 Expecting bearish price action on NATURALGAS, and we could try to short a market top on this area. We have a lot of bullish imbalances on the NATURALGAS that has to be filled into the incoming week. Also we had a big expansion move and the price should make the retracement move from there. RSI is overbought in this area meaning the price is very...
📉 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...
Like a balloon, NatGas is floating further and further upwards from the support at $3.536. Although every now and then, there may be some gusts of wind temporarily disrupting the upwards surge, we expect that NatGas’s general tendency is to rise higher. However, as it is usually the case with balloons, they can lose air or burst. Accordingly, there is still a 45%...
XNGUSD LONG - Buy Entry - D1 Chart Buy @ Market Symbol: XNGUSD - Natural Gas Timeframe: D1 Type: BUY Entry Price: Buy @ Market TP - Resistance @ 6.0262 TP - BE - Resistance @ 5.1223 H4 Support @ 4.6713 W1 Support @ 4.3370 PP Y1 - Pivot Point Yearly @ 4.2167 ✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍 ✅ If you...
📉 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 +...
There was a big ending diagonal and the price broke out from top and there is pullback you can see in the chart. another reason is fundamental analysis, Russian war and sanctions can grow the price of NATURAL GAS.
So last week NG went from around 5.1 down to 4.5 and closed out the week at around 4.7. This makes it hard to say if price will drop back to 4.5 or if it will rise up to over 5 with what's going on in the world. I think I will play this week like this - if price action comes down to 4.5 by Wed, put in a Buy Order there expecting price to go up into next week. ...
NatGas seems to have ants in its pants, seeing that it has been fidgeting above the orange zone between $3.982 and $4.464 during the last weeks. As it has botched its first attempt to move upwards after finishing wave 2 in green, we expect NatGas to try for a second time. It should then rise into the green zone between $5.856 and $6.214 to complete wave 3 in...
Provided the Ukraine crisis doesnt boil over into a hot war, the price of UK natural gas should stabilise. The price of natural gas will still be much higher than in 2020, however it should lead to more reasonable energy prices for the UK, again subject to de-escalation of the Ukraine crisis.
The itsy bitsy spider climbed up the waterspout. Down came the rain And washed the spider out. Out came the sun And dried up all the rain And the itsy bitsy spider climbed up the spout again. Everybody knows this nursery rhyme, but for us, the lyrics go like this: Itsy bitsy NatGas climbed up to the green span Down came the rain And with it NatGas ran. Out came...
Natural gas is in correcting as a ZIGZAG for the 2nd wave and it can bounce from 61.8% of fib level. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to...
NatGas is a legit little drama queen these days. Since last week, it has completed wave 2 in green at about $4.049 and has not looked back so far. With several dramatic boosts, it surged upwards and breached the resistance line at $4.825 to finish wave 3 in green. After this exhausting exertion, it put its delicate hand on its forehead, sighing: “I need to recline...
Technical Analysis Summary Natural Gas TREND ANALYSIS We have 1 Downtrend in red color We have 1 Uptrend in green color Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels...