NATURAL GAS - Buy Entry - H4 Chart
One to Watch 👍 Will need a confirmation candle off the Yearly Pivot Point
Recommended Risk - Stop Loss @ 0.5% to 1% of your Account Balance
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Natural gas markets have turned around after initially falling during the trading session on Tuesday to reach down towards the $2600 level. Ultimately, the 50 day EMA above will be tested as resistance, but I suspect that the real target will be closer to the $3000 level.
CAPITALCOM:NATURALGAS
Hey ,
the natural gas trend has been changed and the script is bullish at the current market scenario. There is a good position in the swing long.
Long: 209
Stop loss: 180
Target: 254
Time frame: 4-8 weeks
Midterm forecast:
2.200 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 2.200 is broken.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would...
Winter contracts for Natural Gas are already trading near the pivotal $3.00 level.
If Winter this year turns out to be average prices will likely sell off towards $2.50 (the 200 Day EMA).
However, if production continues to fall and Winter is cold enough, prices can break above $3.00 and complete the parabolic move that is forming.
If the latter happens, I see...
On June 3rd I posted my strategy for trading Natural Gas this coming Winter (linked below). As prices slowly drift lower, it looks like traders are beginning to accumulate long positions.
I've opened a long position on the December(Z) E-mini contract and might add 1 or 2 more over the next couple months with the sell target up around $3.30ish. Will see how it...
Natural Gas prices got hammered this past week. There's too much supply and not enough demand however, prices are near the bottom of the trading range and Summer heat should give prices a boost soon.
It's also worth mentioning that the Dollar DXY is trending lower and which is bullish for all commodities.
Prices are breaking out of a downtrend so I've opened a...
