NATGAS could be in complete wolf pattern, moving of wave No 5 out of the descending channel make me believe that is bullish wolf, target must be point No 6
Table of contents: § 1 Chart analysis § 2 Fundamentals § 3 My plan to enter § 1 Chart analysis Looking at the NG!1(LNG futures) price, it's quite easy spotting the giant downward channel that price has been moving within for a while now. As you likely already know, if you are a conservative trader like I am you would look only to take shorts at this point at...
The $NG daily has been doing battle with the 50dsma for 8 months. The falling wedge is about to explode to the upside.
The natural gas daily has been unsuccessfully trying to beat the 50dsma for 5 months now. A gap up may be needed to beat the 50 and the falling wedge.
Please gold bugs look at the charts of oil and gold. As one hits the top the other hits the bottom. The breathing in and out of the world economy. The exhale is coming! Make sure to look at my $1500 call I just published linked below
Perfect Short Entry for Natural Gas. Its in Sellzone for this weeks pivots, next weeks pivots and this months pivots and it also rejected resistance and also top of channel.
Use this as a guide to develop your own setup Main items we see on the 4hs chart: a)Price is inside a descending channel b)On MACD we can see a bullish divergence in the inner waves of the descending channel c)On a closer look, we can see that the price broke out from the descending trendline and now is leaving a Pin bar on the zone d)We will wait for a retest...
little bit lower is the most probable scenario but I’m looking for a bottom in the 2.00-2.1 region and a big rally into end of year ** Just an idea, NOT a forecast
The strong rally today suggests that NG low of the year might be in, bullish divergence in play, biggest hurdle would be a close above last swing high at 2.488 * seasonally NG bottoms in the last week of July, so looks good timing wise ** Just an idea NOT a forecast
1. Natural gaz is very weather dependent and seasonal. In the last 20 years, natural gaz went up 14 out of 20 times between Aug and Nov. The exceptions were (2000, 2005,2008, 2010, 2011 and 2015). 2. In the last 20 years, natural gaz was above $2.25 98% (eye ball) of the time. As you can see on the chart, $2.25 is a clear floor. 3. Adjusted for inflation for 20...
EARNINGS On initial screen for high rank/high implied, here are next week's potential winners for earnings-related volatility contraction plays: AAPL (31/27) (Tuesday after market close), X (52/54) (Thursday after market close), GILD (30/27) (Tuesday after market close), and BIDU (50/41) (Tuesday, but unspecified as to before or after market close). Because...
NG is trading within a steady Channel Down on 1W since February (RSI = 36.221, MACD = -0.203, Highs/Lows = -0.1685) with the price currently consolidating after making a Lower Low near 2.160. Based on the 1D RSI pattern, Natural Gas should now seek a higher level near 53.00 for rejection which inside the Channel Down will be in the form of a Lower High. The...
4H CHART EXPLANATION: Main Items we Observe on the Chart: -Price is inside an ascending channel -Currently, the price is against a Major Support zone and facing the lower trendline of the ascending channel -We draw a descending trendline, we expect that to be broken before taking any long setup. Based on this if price closes above 2.597 we expect a...
Natural Gas Still Forming Buy Pattern
Nat gas strong season is here and bull flag
Seasonality wise nat gas should rally towards $3.00 over the next few weeks.