Natural Gas formed a huge head and shoulders pattern on a daily time frame. 7.33 - 7.88 is its wide horizontal neckline. If the price breaks and closes below the neckline, it will be a very strong bearish signal. I believe that then the market can easily drop to 6.17 level. Remember, that for now, a neckline represents a strong demand area. Consider shorting...
Natural gas during the day. The correction in wave 2 may be over, as the rise in the third wave has already started, and it may target a new level above 10.01, but this rise depends on trading remaining above the bottom of 7.532 as well, if trading remains above the bottom of 7.761, we may see an increase in prices.
As the risks of an energy crisis increase, the euro is nearing its lowest level in 19 years Today, the price of natural gas has increased by 9%, and the price of electricity for one year in Germany is 14 times higher than the level of one year ago. The numbers are crippling for heavy industries, with Germany's DAX down 2.3 percent today, the steepest drop in...
after we have had a rejection at the level of the supply zone we can take the sell position
Recent moves in the EUR/USD exchange rate have been driven primarily by the price differential between natural gas in the United States and Europe, rather than by the ECB's historic rate hike last week. Over the last 90 days, the correlation coefficient between EUR/USD and US-EU gas price differentials is 0.88, indicating a very strong relationship between the...
✅NATGAS will soon retest a key support level So I think that the pair will make a rebound And go up to retest the supply level above LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Gazprom, the russian state-owned energy giant, cut indefinitely the flow of natural gas through the Nord Stream 1 pipeline into Germany citing an oil spill in a turbine. This looks like the weaponization of energy flows by the russian authorities. Russia will not restart gas supplies to Europe until western sanctions are lifted, official said. My chart...
The gas currently faces a very strong resistance zone and has formed us DOUBLE TOP and start to come down very, very strong
Trade Idea: Buying Natural Gas Reasoning: Buying natural gas at a support level, currently in a strong uptrend Entry Level: 8.909 Take Profit Level: 9.980 Stop Loss: 8.620 Risk/Reward: 3.71:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk...
9. 1. 22 Natural Gas I went through a lot of structural things and reversal patterns, and some less obvious observations. You need to look at Natural Gas trading higher, and this is something you see on the higher time frames. It may go lower. You want to think like a buyer and the seller... and then you're less likely to be blindsided. I discuss some of this...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). ...
I’ve been searching for interesting patterns with critical commodities in bear markets. I noticed something interesting. Oil and gas seem to pump before and during the early stages of bear markets. When the largest and most demoralizing drop happens, Oil and gas seem to lead the way. Their previous pump is erased and the market goes with it. Good luck all!
NG was very bullish at the start of 2022. This massive Uptrend stopped in June and led to a correction at the 0.618 Fib line. After that, NG returns to the same old high, respecting the trend line and forming a significant Resistance. the RSI is showing a considerable divergence as the second high lost momentum to continue pushing higher. A break of the trend...
A lot of questions about Natural Gas: The price is currently coiling around 8.8 - 9.65 resistance. I am patiently waiting for its bullish breakout. I believe that a weekly candle close above that structure will trigger a strong trend following move. Only after the confirmed breakout, I will consider buying. For now, be patient. The market may be stuck around...
bear flag and its target for downside.before that as per wave it should go slight up hen fall like a knife...
✅NATGAS is going up currently And the pair broke the key structure level Which is now a support, and after the pullback And the retest, I think the price will go up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
With profit taking this morning, looking for a good reentry point at $8.91 - $9.13 on Natural Gas. If the bears get greedy and push the price below $8.91, stay on the sidelines until $8.91 is reclaimed.