Allen Andrews gave us great rules. The P5 rule is one of them. As we see in the chart, P5 could be reached. What does this mean? It's an indication that price is at it's peak and a potential turn is ahead. Furthermore we have reached the center-line, where a) price will beak through, revisit and continues or b) price will turn and trade to the opposite...
US natural gas prices posted their worst daily performance since mid-November 2018 today, plummeting 17% to $7.2/MMBtu, as of writing, after Freeport LNG announced early Tuesday morning that it does not expect the export facility to resume full plant operations until late 2022 due to the explosion occurred on June 8. The Freeport LNG facility has a production...
As shown, expect upside to continue to at least fair market value. Natural gas continue to push higher in a blow off top to the 1.168 for the wave 5. Will continue to monitor and will be a amazing buy opportunity one these oil and natural gas stocks correct.
Natural Gas continues to push higher in its 5th leg. Normally commodities have their 5th legs extend as shown. Expect Natural Gas to push to over 11 as shown in chart. Extension would satisfy 1.168 blow off top as expected.
Hello, Friends! A recent breakout signals That the bears are still strong And I am growing in confidence That a bearish selloff is coming! SELL! ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Indecision in the market is changing Towards a well defined bearish sentiment And the price action on the lower timeframes Is clearly supporting this narratve Therefore, I think it is a goodidea to go short! Like and subscribe and comment my ideas if you enjoy them!
Natural GAS price is struggling to make higher highs. We can see a false break of the major resistance level $9.00. A false break indicates that there are no buyers. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
It hit the floor (it hit the floor) Next thing you know NatGas got low, low, low, low, low, low, low, low Okay, these aren’t exactly the lyrics of Flo Rida’s “Low”, but they are fitting, nonetheless, for we expect NatGas to move further downwards below the support at $7.524. Just before the next support at $6.466, though, NatGas should turn around and head...
after having a bullish trend we will see a bearish trend after the breakout of the range
Little updates on Natural Gas... Forming Rising Wedge - Bearish Pattern RSI Divergence - Bearish PPO Divergence - Bearish Waiting for the break of the Trendline!
UNG is forming Rising Wedge Long term we can see its forming a perfect Bearish Head and Shoulder pattern Short term target is at $23 Mid Term target is $21 Long Term target is at $12
Hello traders and investors, today we will talk about Natural Gas in which we can see sharp and impulsive decline from the highs, which in Elliott wave theory suggests and confirms temporary top in place. From Elliott Wave perspective we can clearly see a completed five-wave bullish cycle within 5th wave at projected 9.0 level. In Elliott waves, after every five...
I think oil and natural gas are pretty stretched technically and even though there is a real shortage in certain goods out there, the market will eventually take down the commodity with it. It's tough that they will crash markets massively, so there's a flight to dollars to defeat the ruble going on with a fight on inflation , real or imagined. I don't think it...
Clearly there is a Bearish Divergence on XLE and XES on RSI and PPO On Weekly time frame as well, there is negative divergence Risk to Reward clearly favors Short Opportunity
A little updates on Natural Gas for those who are following NG1! and UNG closely Now we are seeing tons of Bearish pressure on Nat Gas on Weekly, Daily and Hourly TF. Chart shows a possible Bearish Head and Shoulder pattern for NG1! Also we are seeing tons of Bearish Divergence on RSI and PPO
Looking at the monthly chart, one can see quite clearly a few things : 1. Bearish trend ended when it breaks out on July 2021 2. It has a long consolidation phase from May 2010 to Jun 2021 - a total of 11 years. Would you be holding for so long ? haha I am bullish on this commodity and will be adding some soon. Please note that commodity trading is volatile...
I think oil and natural gas are pretty stretched technically and even though there is a real shortage in certain goods out there, the market will eventually take down the commodity with it. It's tough that they will crash markets massively, so there's a flight to dollars to defeat the ruble going on with a fight on inflation, real or imagined. I don't think it...
I think we should see Natural Gas Tank from here In US NatGas supply has been declining exponentially Also technically NatGas is forming rising wedge which is the Bearish Setup