Recently, we warned that Natural Gas may set up another opportunity for traders to buy into a support zone below $2.70 with a selling range near or above $3.00. Our upside target zone is between $3.25 and $3.45. The price of Natural Gas has recently fallen below $2.69 and we believe this could be the start of a setup for skilled traders to identify key buying...
LSE:NG. A stock I will be keeping a close eye on this week is NG or national Grid a ulisities giant with a market cap of 29 billion, it is the largest UK provider of energy and has a presence in the US market. NG has struggled since May to break the 864 level and is approaching that zone again, ten day volume is massively below its longer run three month average...
A brief summary of our previous analysis: the level at 2.97$ is a strong support, the cyclical movements of this commodity, makes us think that that the price will return to the area 3.40 before the spring and then continue downwards with target 2.80 / 2.60 $ in the summer. Even from a fundamental point of view we expect a rebound from these areas, as a decrease...
This is a big one, I want this chart in my history. Giant flag/symmetrical triangle. Warmer Dec than expected and we break down hard! But this is a bullish pattern and continues upwards. Lots of ways to play it, might be wise to just wait for a resolution/breakout first instead of front running.
If this low gets taken out, I expect a flurry of selling to take us lower. Good risk return setup.
NG just tore through a long term downtrend line, and horizontal resistance. ... but there cannot be inefficiencies in the market, aka "gaps" They eventually get filled. Judging by the heavy selloff on the Daily: We will fill it sooner, rather than later. Entry in the Gold Box around 3.38 Exit around 5.70's
Natural Gas Final Report AVG- 3.088
A possible Elliott Waves count!
Bull Flag & breakout on weekly chart. Cloud twist, and impending EMA Crossovers support the move. Measured moves point to $4.8-$5.3. Will look for pullback/consolidation leading up to breakout and go long if charts continue to support the move.
With consistence demand and winter approaching it seems NG1! is about to make it moves. Make sure you are on right side of NG1! Chart is just an idea. Let's see where it goes.
The downward trend is expected to continue. Fundamentally, the Randgold / Barrick fusion does not help the company either. The decrease is expected in a triple wave structure that can be formed along a downward channel. The target price is around 2.60 usd.
I usually short term trade/swing trade so often trade support and resistance no matter market trend, this would be on 1H (1 hour) time view and below, long-term views will be depicted on the 4H (4 hours) and 1D (1day) view, like this chart. Looking at the long-term analysis on the 4H and 1D view of natural gas, it looks like it has more or less finished an upside...
Pretty simple -- if price drops through the green box, I'm looking for shorts on the 15m/H1 depending on the time of day. NG doesn't move as nicely as more contracts, but you'll still see strong moves at the right areas. The more it compresses BEFORE attempting a breakout short, the more I like the trade idea.
TP = 2.840 hit as the 1D Channel Down (MACD = -0.013, B/BP = -0.0240) on Natural Gas aggressively expanded to a 2.752 Lower Low. Since this value was too close to our second TP = 2.740, we decided to close all shorts as the RSI = 45.438, STOCHRSI = 53.580, CCI = -33.7393, Highs/Lows = 0 turned neutral. As NG1! is trading near the 1W 2.696 support, we are starting...
Recently our Unum Trading Desk analyst, Lester Davids identified a potential pairs trade on Heating Oil and Nat Gas. "I am bullish on NatGas with a medium term view. We recently saw a break of the downward trend with an inverse head and shoulder developing. In the short term though, we could see a pullback following the breakout. On that basis, one could be...