peace talks on and we are either in a potential bear trap or things go well and this takes a dive; maybe, or not the sanctions do not prevent europe from getting NATTY, either way we are heading into warmer climet for the summer months and and Europe is struggling to get off of Russian oil, And quite franly the world government is not prepared to provide it which...
watching NG to see if it statys with the lines Target for now is 5.07 ish looking for 2 hr higher low first,
Analysis based on pure technical - trend line analysis - Fib retracement (power of Fibonacci Retracement , so we can use as like our advantage in the future), I think now patience is the essential key as always. It is about understanding FLOW (flow of markets) and following the news (swing trading)
I think Nat Gas prices are going to soar here, for the coming 9 months. We have a daily entry here, that can evolve into a massive monthly trend. Try not to miss out on this play! Cheers, Ivan Labrie.
Building a position in shares here ready for this breakout above $67 and $70 comes quick Also long BOIL calls #NaturalGas
This is Natural Gas on the 1D time-frame. The recent acts of war by Russia in Ukraine and the annexation of the Donbas region has created a Head and Shoulders (H&S) pattern, which is typically a bearish reversal sequence forming market tops. This is similar to some extent with the pattern formed in February - March 2014 when Russia again committed acts of war...
GOOD EVENING There is no doubt with the war between Russia and Ukraine, the price of fuel and gas will rise to a level we have never seen before, in addition to all candles and the resistance line that I drew before has been broken. so it's a good time to buy now especially since there is no indication that this crisis will end soon business is a business that. so...
Our idea is we are in a late stage of wave 2 development. Bottom line, we are bullish for wave 3 after wave 2 completion. -- Pengiran
Expecting a retracement then moving higher for Wave iii of Wave (iii) - Pengiran
Expecting price to move lower to complete wave c of (ii). 3.536 served as our invalidation level for this idea. Moving above 4.390 will strengthen this idea and indicate that early-stage development of wave (iii) is in progress. -- Pengiran
spotted a cup and handle pattern on the daily chart, which explains why bullish support trendline on weekly tf still hold, and it can potentially back to the top (October high). The fundamental point of view also supports the technical analysis with Russia, US and Ukraine going on. I think this makes perfect sense - and from there we might never see 3.5 again this year :)
if the price follow this pattern - $8 would be mine taking profit
My bet would be up, I am eyeing the October high ($5.7 -$6.4), as the weekly trend line holds and possibly test the high again. my analysis is based on technical analysis only no fundamental (as the market make no sense)
Natural Gas LONG Analysis based on pure technical - trend line analysis - Fib retracement (power of Fibonacci Retracement , so we can use as like our advantage in the future), I think now patience is the essential key as always. It is about understanding FLOW (flow of markets) and following the news (swing trading)
1. trade as per levels with strict stop loss will bounce bck from Volumetric mean positions ====================== LIKE IF YOU AGREE ======================
Natural Gas appears to be breaking out of a classic Wyckoff Accumulation pattern and has now accelerated through overhead trend line resistance. Good Volume uptick Bullish RSI Confluence Positive MACD I'm Long BOIL shares as a sister trade, holding for more upside. Expecting an RSI cool off, but as long as price stays above green EMA cloud, I'm bullish on...
It was last September (2021) where I first starting calling for a market top on Natural Gas, which at the time seemed odd to the majority of the energy market participants as it was coming off a very aggressive 6 month rally. It wasn't odd though based on NG's long-term, multi-year cyclical behavior as I accurately displayed on the following chart: Back to...
Natural Gas SHORT Analysis based on pure technical - trend line analysis - Fib retracement (power of Fibonacci Retracement , so we can use as like our advantage in the future), I think now patience is the essential key as always. It is about understanding FLOW (flow of markets)