The previous 2.779, 2.747 Targets have been hit as the downtrend on Natural Gas was completed on 1D with a near full test of the 2.696 support. 1D is now bullish again on RSI = 55.894, Highs/Lows = 0.0630, BBP @ 0.0800) having just crossed the 0.382 Fibonacci retracement (2.837). With such momentum, we expect the 0.500 to be next (2.879). We are long with TP =...
2.7 level support established in May. Respected on 7/19 and a quick retest today. Unless it dumps into close today, I consider this a daily reversal candle. I expect a 50% retrace of the most recent downswing for a ~5% gain in the next 1-3 weeks.
Entry: 2.731
Target: 2.863
Stop: 2.648
ngas today couildnt break the flag patern today 2.98 is seems to be a big resis.
first target for short is 2.87 if this wont hold this time will next stop 2.8 and then 2.73
SL at 2.99
NG has reached our previous TP = 2.900 and now faces the Resistance of the High extreme line. 4H is a Channel Up but has reached near overbought levels (RSI = 69.332, STOCHRSI = 92.540, Williams = -19.847) with 2.881 its support/ Higher Low. This is expected to break and move to the Higher Low of the proper 1D Channel Up (RSI = 65.173, Highs/Lows = 0.0691) near...
The price is on a 1D Channel Up (RSI = 57.179, Highs/Lows = 0.011). As seen on the chart a Higher Low needs to be price and we have two scenarios for that: soft support at 2.765 and hard support at 2.740. We will use both spots as long entries for a potential Higher High TP = 2.900.
This is the weekly chart of the natural gas. you can see the long term trendlines.
It may test the one of trendlines. If it does, it'll be a possible long opportunity.
I'll stay cautious with this idea, because it can just bounce before reaching the trendline. I would never go short with rising global demand.
Looking back over previous few years price action we can see a sharp trend this time of year for natural gas futures.
The technical measurement Williams%R shows a strong Bear trend is either in play or is pointing to a very strong reversal.
The prior 2 days of movement NG printed a nice spike upwards followed by a strong retracement hitting new lows.
This most...
Yep. The title says it all. I have found evidence to support what I believe is future upward price movement over the next 2 months. After many many hours of exhaustive research, I can say with 100% certainty, backed up by years and years of historical data that......IT GETS COLD IN THE WINTER! Just some light humor.
So I have two price targets for this...
this idea explains the possible market moving direction as i believe that the trade is still long , but a chance of pushing down further! is a high probability , before continuing the long trade as wave c
Natural Gas or NG is forming a nice bullish setup on the daily time frame. We can see that the price has already broken the upper range and is now touched a resistance area. When looking at the Stoch indicator theres enough buying pressure left.
This info combined with the forecast EL Nino and hot summer are strong bullish fundamentals for NG
