Please share with me your thoughts, Kind regards
hi, usually i'm not sharing my ideas in here. thats why im pretty bad at using this sites chart while analyse. ım wrıting down here, it will go drawn till 1.20. just watch. appreciate later. bonne chance!
The big question is what is going on with Nat Gas this year??? The December(Z) contract is still coiling up in a wedge pattern and about to reveal the answer. A closer look at the bullish scenario... It's looking technically hopeful with the 200 Week EMA, $3.00 level, and the bottom of the wedge all lining up. Now the bearish scenario... The RSI could...
The price gapped by 69 cents. Hard to think there aren't whales having fun fleecing retail or something. I wonder what will happen next with the COT. Actually we just changed month as we were close to expiry. Damn might have been able to profit from the contango. Still funny to see. I wonder how many retail gap traders will furiously short it now. And the...
Please share with me your thoughts, kind regards
natgas broke and closed below an expanding wedge pattern. because the price is currently testing a strong daily structure, chances are high that the price will drop. target levels: 2.05 2.0 the safest zone to sell from is the expanding area between the support of the wedge and the last higher low.
Natural Gas has opened the October Contract with a giant surge and in doing so has hit a very strong and time tested resistance.
A global reversal in the gas market has already occurred, a return to the $ 2 level and a rebound from it will confirm the reversal. The fast approach of the heating season and the tightening balance of supply and demand will support gas prices at a comfortable level above $ 2.
Today the November(X) contract for Natural Gas corrected down to the historically significant $2.50 level. Going back a couple years it is clear that prices tend to hangout above $2.75 so right now prices are undervalued. Buying here. +1 @ $2.53
We have a cup with handle formation. Signal for buy would be a close the current down channel line. If you would go long now can use close below most ring low. Supporting this idea is a sizable positive reversal in the daily RSI . Major natural gas producers are: AR,EQT , and RRC all of which are up today. Take a look at them. UNG is a natural gas ETF .
Looks like bullish continuation is coming on NATGAS. Key levels, price action, and scenarios explained. Please, support me with like and comment. Thank you!
NG at the daily view. September's pullback finally arrived. This shouldn't be a surprise at all. Temperatures lowered to a level where the A/C doesn't need to be on all the time. However, the temperature is not cold enough to turn on the heat. Utility companies are already planning for how much energy would be needed for the fall. I wouldn't go full short...
as it been said in my earlier analysis for natgas, the market reached a key weekly supply zone. based on that the market violated a rising channel that it followed from the beginning of August. it looks like the sentiment is changing and bears are willing to push even lower. goals: 2.31 2.19 (on the chart is the short trade that I took yesterday during us...
Bearish possibility is projected here. Bearish shark pattern