Energy markets are front of mind – we see crude into new cycle highs and riding the 5-day EMA – clients are progressively increasing short exposures, although we’re not at historically high skews. Nat Gas (NG) – the wild west of energy markets – has broken the $1.91 to $2.82 range it has held all year, and the Bollinger Band volatility squeeze is firmly on. EU...
Hello,Traders! NATGAS shot upwards but Has hit a horizontal resistance Level of 3.017$ from where I think we will see a local Bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
This week, natural gas performed nearly perfectly. The wave count remains unchanged. Although I am still unsure about the ultimate shape of wave b, the scenario allows me to open cautious shorts. Of course, this is not advice. I look forward to the structure shaping the bottom and entering long positions into the winter.
All year EQT, an unloved natural gas producer has been a swing trader's paradise. I've harvested so many gains from these E-cutie trees I thought I'd make a thread just for it and post trading updates. The macro technical picture is clear. Years of being battered by shorts ended with capitulation in 2020, followed by a swift rebound. Fundamentals are tightening....
The price of NatGas has gained significantly again since Friday and could thereby move further away from the support at $2.48. Thus, we assume that it has already left the white wave (2) and is ready for high flights. For the white wave (3), it must rise significantly above the resistance at $2.75. After the completion of this wave, we expect a small correction...
The chart is non-tradable (though I did enter some cheeky shorts). Natgas is tracing out something really intricate, as is its typical behaviour. I suspect (and this is only specualation at this point) that the market is undergoing a compex [ w] [ x] [ y] correction as wave b where [ x] is a flat with an expanding diagonal in wave (C). Then there has to be...
The recent price action on the NG1! pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up. ❤️ Please, support our work with like & comment! ❤️
Here is our detailed technical review for NG1!. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2.667. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2.574 level. P.S We...
Last time we looked into Natural Gas (NG) we called for a buy entry (see chart below) right after the contact at the bottom (Higher Lows trend-line) of the Bullish Megaphone: The 2.550 target has been hit but the rise didn't stop there, breaking even above the former 2.690 Resistance and making a Higher High in the process. The price is right now above the 1D...
My dear subscribers , This is my opinion on the NG1! next move: The instrument tests an important psychological level 2.674 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Target - 2.568 About Used Indicators: A super-trend indicator is...
The price of NG1! will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair. ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! We are now examining the NG1! pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 2.437 level. ✅LIKE AND COMMENT MY IDEAS✅
My take on Natural Gas developments. I continue to label an ABC flat correction in the making.
falling wedge pattern bull breakWeekly uptrend still intact Next level for is to break above $2.80 range
Hello,Traders! NATGAS broke out of the Bullish flag pattern while Trading in a bullish flag Pattern so I think that The price will keep growing Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
If I elaborate on my earlier scenario with unfinished correction, Natgas might perform a spectacular drop over the next few days before resuming the uptrend. Before this, I expected a triangle, then a flat with an ending diagonal and now a classic expanded flat in wave b. Since wave a was a contracting diagonal, there is an 80% chance that wave c is a quick...
✅NATGAS is trading in an Uptrend and the pair broke Out of the bullish flag pattern So I think that we will see Bullish continuation on GAS LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Gold and silver broke above falling wedge bullish Natgas still chopping within it.