NatGas is a legit little drama queen these days. Since last week, it has completed wave 2 in green at about $4.049 and has not looked back so far. With several dramatic boosts, it surged upwards and breached the resistance line at $4.825 to finish wave 3 in green. After this exhausting exertion, it put its delicate hand on its forehead, sighing: “I need to recline...
US natural gas futures (Henry Hub) are under pressure following a sharp surge higher, pinging former trendline support before easing. Prices may remain elevated, given colder-than-average temps expected to last through next week from the Ohio Valley to the Southeast US. Meanwhile, Europe continues to source a high amount of US LNG cargoes amid a supply crunch and...
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...
That last trend up was nice. It should head back down for correction now.
We're currently observing what could be the beginnings of a primary wave 1 of a cycle wave 3. As we're already approaching the top of intermediate wave 1 we'd advise sitting on the sidelines for now until confirmation of intermediate wave 2 We're fundamentally bullish on natural gas as among other things we believe the clean energy transition won't go as...
In the coming days, gas is expected to experience lower prices in the form of a speaker pattern. I think we should see a calm trend. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad❤️🌹
Looking at LNG export a plays. Europe out of stock, China out of stock (they will likely just get supplied from Russia, or Australia) but never the less nothing wrong with hunting.
Looks like NG1! is poised for another move. To be honest, it can break either ways, but ill look for a sell here
Short on break - 1H close below trendline Price Targets 3.980 - previous gap fill zone 3.536 - to reach this point is very optimistic lol Alternatively, we can look for a bounce from trendline, same as what was posted in the IDEAS section Prices and trendline drawn based on Natural Gas Continuous Futures listed on NYMEX, prices may differ from your broker
Look like natural gas 4HR is breaking down...I had short signal on Jan 19, 2022 at 4:00 am CT with shorting price of 4.256. On Daily chart it's also trending down. Weekly is a bit oversold and could prolong a longer.
Natural gas dropped to a major key weekly structure support. The underlined structure matches perfectly with 618 retracement of the major bullish impulse giving us a confluence zone. On that, the price formed a double bottom formation on a daily time frame. The neckline breakout confirms a coming bullish rally. Goals: 4.75 5.45 6.2 ❤️Please, support this...
Hello,Traders! NATURAL GAS broke a key level While trading in an uptrend And is now retesting the key level Which now acts as a support The area between the rising support And the horizontal key level Is now a demand area so I think That after the proper retest The price will go up from this area To retest the resistance above again Buy! Like, comment...
he initial move must be met with large volume while the pennant should have weakening volume, followed by a large increase in volume during the breakout.
In the beginning, of the year, it was time to buy for the Summer. Now, Summer is here and here we are. Price has overshot and with plenty of gas in storage, it's time for me to short the Summer contract here. Short August(Q) Long NG Equities
Natural Gas Will See An Increase In Purchasing Volume Due To High Demand. Push It Up ^ CURRENCYCOM:NATURALGAS CAPITALCOM:NATURALGAS MCX:NATURALGAS1! MCX:NATURALGAS2! AMEX:BOIL AMEX:UNG SKILLING:NATGAS MOEX:NG1! MOEX:NG2! MOEX:NGF2022 NYMEX:NG1! MOEX:NG2! MOEX:NGF2022 AMEX:FCG GLOBALPRIME:XNGUSD PEPPERSTONE:NATGAS NYMEX:TTF1! ...
Hello,Traders! NATGAS is trading in a downtrend And the price is now trading in a bear flag So I think Gas will fist go down to retest A support cluster of the rising and horizontal support levels From where I am expecing a rebound and a move up With the first target being a resistance above Buy! Like, comment and subscribe to boost your trading! See other...
Bullish scenario: 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. Buy the dip! "Buy the dip" opportunity News: The US benchmark for the price of natural gas was in negative territory early in the December 14...
A Strong Support Couldn't be broken for almost 2 years. If the market broke it with a big volume we will See the biggest Natural Gas futures crush ever. Perfect signal to sell if it's so.