The terms "bullish" and "bearish" when used on Twitter and TradingView and in the media are more or less just poorly positioned synonyms for "going up" or "going down." Yet, it's a misnomer because some of the craziest pumps you'll ever see are during bear markets, and some of the craziest dump-a-thons you'll ever endure are during the most parabolic bull...
First wave looks finished and now the C part of the ABC looks like it has started. Expect a swift move down to 5.50 (lower weekly BB area), but I think it would be a long term buy from there. Keep in mind however, there is steep monthly bear divergence now on this chart and the possibility that this is a long term top must be kept in mind. Either way, 5.50 should...
Natural gas trading volume is huge and it has been a very volatile market, price has printed a new HH but now it looks like the uptrend is exhausted after forming this H&S pattern. After Nord stream's maintenance success, we expect $NG to retest $8 level.
The gas currently faces a very strong resistance zone and has formed us DOUBLE TOP and start to come down very, very strong
bullish flag BUY ABOVE 10 will lead to a flag of 11.4+ GoodLuck
bear flag and its target for downside.before that as per wave it should go slight up hen fall like a knife...
With profit taking this morning, looking for a good reentry point at $8.91 - $9.13 on Natural Gas. If the bears get greedy and push the price below $8.91, stay on the sidelines until $8.91 is reclaimed.
Natural Gas Futures from NYMEX has formed a cup and handle pattern. We recommend a long position where, entry is at the breakout of the cup´s handle if, it is accompanied by a volume increase in trade of the natural gas futures. Exit point is also shown in the chart.
NG should find support at 7.80 - 7.85.. It is a good entry point for a counter trend rally to 9
Looking at my NG chart we see the broken structure of a falling wedge. This gives the indication of a bullish run. As we can see price did exactly that and bulls broke out of the structure. Targets havent been met by a long shot. We are correcting at the moment and finding our support before going up. Nice trade if we find support at the 5.950 level
Hello,Traders! NATGAS is trading in a downtrend But we are seeing the pair retest A strong horizontal support And given that the pair is oversold We are bound to see some correction Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
When the NG Bulls are making wild Calls for $14 & $21 while JPM is piling into the Sells at highs... you know it's over for a while. Natty the Widowmaker. Been this way for 3 decades.
$3 off the chased highs... plenty o' baggies looking for $10. Oops - surprise, rug pull. Could not have happened to a nicer bunch, completely cock sure the moon was within reach. Nope, Asteroid belt collisions saw to the demise of the SPEC, the CTFC even had all the clues one would ever need. But they know it all gassy traders ended up with tears for fears...
NG is oversold and now setting at a good support zone! price action looks exhausting with weak selling pressure, now preparing for a bounce back up! Always bullish on energies in this global economic crisis.
✅NG1! broke the key structure level While trading in an local downtrend Which makes me bearish And I think that after the retest of the broken level is complete A rebound and bearish continuation will follow SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Allen Andrews gave us great rules. The P5 rule is one of them. As we see in the chart, P5 could be reached. What does this mean? It's an indication that price is at it's peak and a potential turn is ahead. Furthermore we have reached the center-line, where a) price will beak through, revisit and continues or b) price will turn and trade to the opposite...
As this terrible war grinds on, Europe and Asia are getting ready for winter by restocking inventories in the face of a supply squeeze caused by EU and US sanctions. Years of under investment in the sector due to political/ESG concerns combined with the sector's past corporate mismanagement making investors doubly wary has led to insufficient infrastructure in...
Nat Gas - Add this to your main watchlist. We could get a nice opportunity to short if we get a small pullback next few days to the noted orange zone at which point we have to look for clues for a potential sell off. #patience