Natural Gas has dropped down to the bottom of the channel and is primed for a jump. There are bullish divergences on the hourly wavetrends, the Daily is working to turn up, and the Weekly/Monthly waves are strong. I this to coincide with a minor pullback of USD. My first target point is $2.33, but I'm hoping for it to jump up near $2.6. If it does go to $2.6,...
I'm not sure why, but Natural Gas just jumped 10%, but the chart looks very bad with major bearish divergences all over. I'm looking for it to jumped up to the $2.180 - $2.200 area and then start to pull back. If it does, it would form a H&S reversal pattern, possibly to the $1.600 area. If the price breaks well above the right shoulder line, this idea should...
Buy NG1! for bounce off trend line support and potential break out of wedge.
Natty's bullish close above resistance offers traders well defined risk. It looks like a reasonable 1:10 risk/reward entry here with a lower volume area. The ceiling with the "value area" appears to leave plenty of room to allow prices to continue into resistance. Volume looks good; however, cumulative buying looks weak. If it remains so prices will likely...
Natural Gas Ascending Triangle. Buy at triangle trend line or wait for breakout.
Excellent place to go long right here. Retracement underway after H&S breakout. Currently at neckline, good risk/reward to go long. Target at previous high of 2.3235. SL at 2.06.
We have tanked past 2001 lows Looking to see if lows from 1998 and 1999 provide any kind of support to buy off
NAT GAS IS APPROACHING SYNERGY.... WATCH THE FUTURES PRICE OF 1.57- 1.40
Chart shows daily reversal candles inside of bull flag PT 2.27
If it's a flag, possible target 1.0 @ 2.955$
Short Natural Gas at current levels to trade the 5th wave. Structure gets invalidated if close above 2.1 Target 1 - 1.69 Target 2 - 1.62
#SPY #QQQ #IWM #DIA avg. vs.#NG_F #CL_F avg. Note divergence and trend flow. Cycle 'revergence' initiating.
*Drops Dishes* WAVES! The price action travels in waves! Now would be the time to applaud. Troglodytes. Thank you @BattleAxe for jogging my memory.
1- Winter Season Started will effect the demand. 2- Inventories are falling below 5 Yr Average. 3- About to go up if Mirror Image Completes in the Weekly Chart. 4- RSI Making Higher Lows on Every Downfall. 5- Major Reversal pattern on the Bottom. 6- Dollar Index Showing a Downside... Can trade Buy Side with Stops below Previous Lows for Next Year.