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
Excellent short setup on Natural Gas! Waiting for the 7.5 Level to Short! Also SUMMER is here in USA and across the Globe...
Natural Gas Short Setup in hourly time frame Fundamentally also in aligns with the technical analysis Its about time and Summer is very close.
A double top with a daily RSI divergence after a long rise continuation
As I predicted, Natural Gas perfectly bounced from a key level. Now we see an inverted head and shoulders formation with a confirmed neckline breakout on 4H. I believe that the price can reach 8.0 level soon. Be ready ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Like a geyser, NatGas is spouting upwards from the white zone between $6.255 and $6.684. We expect it to have enough drive to reach the resistance at $8.065 soon. There, it should gain some more momentum to make it into the orange zone between $8.559 and $9.241, where wave (5) in white as well as wave iii in orange should end. However, there is a 42% chance that...
This morning with my students we discussed a great buying opportunity on Natural Gas. The market dropped to key daily structure support. On that, the price formed a tiny double bottom formation on 1H time frame. Taking into consideration that the market is trading in a sharp bullish trend, it can be a very nice confirmation to buy the...