Here I am still bullish because the price has to fill the imbalances above and I think we could see a reversal only after the price will take out PWH (previous weekly high) liquidity and fill the imbalances.
Here we are in a bullish market structure, so I am looking only for long positions. I expect the price could reject from bullish orderblock + mid figure 7.500, also we can see OTE 0.705 (optimal trade entry) level on FIBO as an argument.
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..
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...
Here's the Daily chart of Gas downtrend! 1.0 is would be a healthy trend channel!
📉 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.
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.
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...
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...
Natural gas is going to make a new high for the 5th wave. We can buy it when it will come down for the correction. #ElliottWave #NaturalGas
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...
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...
Natural gas uptrend has potential to continuous, Next target $7 - $7.4
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.
After all the massive bullish runs, the NatGas price needs to cool down a bit. We expect it to fall to $4.758. From there, new surges are to be expected. Cooling Down!