Pattern: Channel Up on 4H. Signal: Bullish on the 4H MA50 or if the Channel Up breaks upwards. Target: 2.650 and if 2.680 breaks (+12% from low) potential extension towards 3.000 (+27% from low). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me...
Bullish factors: NG Natural gas price has been rallying for the past month reaching $2.5 level on increased consumption during summer months, improving LNG flows reaching 5.1 bcf/d in mid-August, and two tropical storms in the Gulf area threatening natural gas production. The fundamentals remain bullish going into mid September. Bearish factors: Production is...
NG is still at a crossroads. It's stuck between 2 trend lines. NG has two paths that it could take at this specific level. 1) More likely - NG pulls back first just in time for the September slump. Mind you, there are several supports below. We got that trend line support, the 400 DMA, the 300 DMA, and the 200 DMA. The lowest that I can see this going down is...
Pattern: Bullish Megaphone on 1D. Signal: Sell as the price is testing the Higher Highs trend-line of the pattern. RSI also close to a top. Target: 1.950 (potential Golden Cross). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me a great deal at...
Main items we can see on the chart: a) The price was inside a range after reaching a major Support Zone b) Currently, the price has broken the range with a solid bullish movement c) Now we are expecting a clear correction about 3 weeks d) If that happens we will be ready to take long positions based on our weekly perspective Weekly Perspective
These guys will either pump like Apple or do nothing at all. In either case, you don't suffer. You'd just be parking your cash for a few weeks. Yes. Weeks. No longer. I'd be looking at the first few weeks of Trump's next term to close out.
NG hit today the Higher High trend-line of the Megaphone pattern that it has been trading in since the start of the year (1D RSI = 69.350, MACD = 0.105, ADX = 33.132). The 1D MACD has entered its 1 year Sell Zone. We are taking this as a strong Sell Opportunity at least towards the 0.618 Fibonacci retracement level, which at the moment is at 1.846. This idea is...
Already buy and sell triggered in morning.Re enter the levels when they trigger
Long and short levels shown.. Use 2 lots for entry. 1st one close @ T1, 2nd at T2....Levels consistent for the day. Take and repeat entries as and when they trigger.SL will be opposite entry..
Main items we can see on the chart: a) The main idea here is to wait for the same pattern that happened on the previous 2 reversal movements and assume it will happen something similar now b) The first item is a clear breakout of the descending structure. That, it's happening right now, this breakout will be enough to match with the previous scenarios c) ...
5 years running July has seen a downtrend. Is this year any different or is it even worse than average?
NG Natural Gas August futures contract has been declining on cancelled LNG shipments and low national demand. US supply keeps steady outpacing demand. US demand started improving on June 21st due to reopening of NY-NJ-PA economies. However, Texas extended its lockdowns, counteracting positive effect of the East Coast. Seasonal heat is high. But with 40-50 August...
Main Items we can see on the chart: a) The price has broken a major support zone b) Before that happened we observed a consolidation of 150 days c) Now we can see a bearish breakout and this is the way we will trade it d) Based on the previous scenario we had a breakout and then a pullback, that's the same logic of what we will be waiting e) If the...
NG Natural Gas July futures contract continues declining on recent lower demand. Fundamentals are still bearish: low LNG exports, 4 Bcd vs 9 Bcd in the winter, and cooler weather over North East. The temperature is expected go higher on June 25-28, per NatGasWeather. With economy reopening on June 20-21, EIA weekly report may turn bullish in the 1st week of July....
NG exhausted its continuation of previous day trend...Best time to long now...SL as shown or as per your appetite.