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.
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...
It was last September (2021) where I first starting calling for a market top on Natural Gas, which at the time seemed odd to the majority of the energy market participants as it was coming off a very aggressive 6 month rally. It wasn't odd though based on NG's long-term, multi-year cyclical behavior as I accurately displayed on the following chart: Back to...
Technical Analysis Summary Natural Gas TREND ANALYSIS We have 3 Downtrend in red color We have 1 Uptrend in green color (Long Uptrend) 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...
Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...
Exactly two months ago by making use of Natural Gas' clear long-term cycles, I called for a potential Top of the current Cycle after the formation of a Golden Cross on the 1W time-frame: Even though the price rose a bit more, the peak was made shortly after. This time I am narrowing the horizon to 5-6 years and as you see the Cycle's peak was made exactly on...
As oil and gasoline prices spike in the world, Canadian dollar is getting stronger again. Right now, as you can see on CAD/JPY chart , price has entered the critical zone again. This is the forth time since 2017 that price reaches to this zone. Price behavior is very important here. Will gas, oil and commodities help Canadian Dollar to get stronger , break the...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello Welcome to this analysis about NATURALGAS , we are looking at daily timeframe perspectives. NATURALGAS in recent times heavily increased with bullishness however it now moved into an overbought condition. NATURALGAS is developing here that will be a decisive factor in the upcoming times. I discovered the main formation NATURALGAS is developing here that...
I've first published this chart 2 years ago on Natural Gas' 2 year cycles within a +10 years Channel Down. As you see this pattern is holding up to this day and in fact following the aggressive rise of this year (and of Q2 in particular), it becomes more relevant than ever. The time-frame is on the weekly (1W) of course to grasp as much of the long-term price...
Pattern: Channel Up on 1D. Signal: Buy within the 1D MA50 (blue trend-line) and the 1W MA50 (yellow trend-line). Target: 3.350 (just below the -0.236 Fibonacci extension). Most recent Natural Gas signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of...
Pattern: Triangle on 1D. Signal: Buy as the price has rebounded on the 1D MA200 (orange trend-line) and formed the 1st Higher High since February 17. After a Higher High, a rally was always followed since July 2020. Target: 3.140 (the 1.618 Fibonacci extension ). Most recent signal on NG: ** Please support this idea with your likes and comments, it is...
Pattern: Triangle on 1D. Signal: Buy as the price has found support just above the 1D MA200 (orange trend-line) and within the 8-month Higher Lows Zone (green). The RSI also hit its own Support Zone. Target: 3.140 (the 1.618 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me....
Last time NG crossed that level was on November 03. But last time it did so coming below with the 1D MA50 as a Resistance, was on July 28 and before that March 09. On both occasions, the after the break-out, an approximately +20% rise followed. In addition, the RSI just broke the trend-line which also broke during those two events. Everything points towards a...
NG almost made contact with the 2.440 level today, which has been the major Support since August 21. So far we have 3 perfect touches on the Support, which alone creates the conditions for a strong rebound. A closer look on the 1D time-frame shows that this pattern resembles the March - June 2020 sequence, when NG also made 3 hits on the Monthly Support. As with...
Pattern: Channel Up on 1D. Signal: Buy as the price bounced on the 1D MA200 which has been holding and acting as a buy entry since March 31. Also the RSI bounced on its multi-month Support level. Target: 3.350 (right below the Resistance). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...