Natural Gas - Elliott Wave Count
Natural Gas - On the Daily charts, NG displays a clear impulse Wave formation, indicating that the market is likely to continue the bull run to the 300 range after the minor correction(may drop to the 250 range for the short term) and then we can expect significant correction toward the 162 range.
Please note that this...
Technical Analysis:
Now it seems to make a wave (2) in blue and after it is complete we expect a bonce
Don't sell NG now and prepare to buy when II in red is finished.
H1 right side is turning up
H4 right side is turning down
Natural Gas is Breaking out of the base. The entry is above this daily bullish candle and stop loss under the candle. Looking at 2R profit target, however there will be more entries along the way on lower timeframes for more scalping.
Technical Analysis:
- Natural Gas is in a weekly edging buy area and any moment it can bounce once wave (5) in blue will be done
- Anyway, the big probability with actual data is that a small extend could happen in the wave (5)
- H1 right side is turning down
- H4 right side is down
Technical Information:
- If you're a position trader or long term...
In late July I made a call that oil's actual target in the imminent term is not $100+, but actually a 3 or a 4-handle.
Oil - A New Long Leg Down Soon Begins
I believe that this long term analysis is still correct. However, price action has shown that the target was finally the daily gap at $85 and was achieved last week.
Thus far in some 7 weeks of...
#NATURAL GAS... market is at his multi timeframe supporting level 2.45
its market most important and traded area form last few decades,
again market is at his level and winter season is on his way,
but it should hold this level for again bounce back..
otherwise downside we have next area that is mentioned on chart. 4
trade wisely
good luck
Big move down today!
But! i still believe we have a potential huge upside.
We could go a little lower to a support level around 2.5~
but we should go up over the coming week(s).
I expect a target price around 2.7~ and after that, another move upwards towards 3~.
lets see what happens!
Good luck!
Energy markets are front of mind – we see crude into new cycle highs and riding the 5-day EMA – clients are progressively increasing short exposures, although we’re not at historically high skews.
Nat Gas (NG) – the wild west of energy markets – has broken the $1.91 to $2.82 range it has held all year, and the Bollinger Band volatility squeeze is firmly on. EU...
Weekly bounce off 50% fib retracement good sign for the bulls
weekly uptrend still intact, now we have a big enough bounce for bulls to try for the daily uptrend change
With the current clima, demand for natural gas for AC-cooling, there is a good foundation for a bullish move in Natural Gas.
1. Lets see a move upwards to the 2.8
2. Maybe a slight pullback
3. And then the big move towards the 3-3.05 level
Also bakced by the fact that Buffet have bought into LNG so lets see if the trend can hold.
Good lucK!
- Natural Gas confirm its daily uptrend
- broke bullish out of the equilibrium wedge that has been chopping around for months.
- Ideally for bulls we re-test the wedge and bounce off of it
- for bears they would want it to break back into it
Natural Gas (NG1!) is trading inside a Bullish Megaphone that has just priced its new Higher Low. The price is above the 1D MA50 (blue trend-line) and has started the new leg to a Higher High. Before that however, it has several Resistance levels to overcome, namely the 2.690 Resistance and before that the Lower Highs trend-line. As a result we are buyers but set...
Natural gas has been basing for a few months now in what has become a very recognizable Wyckoff accumulation pattern. Complete with high volume on the start to low volume towards the end. Breakouts occur on LOW VOLUME in accumulation phases so don't look for volume to give a clue. Just like the AMEX:SPY and NASDAQ:QQQ markets did at the October bottoms. ...
