Natural Gas has been one of the most profitable trading assets of the year offering great returns to our long-term portfolio. On a long-term scale though (1W time-frame on this chart) it has starting to form a peak pattern, which we have seen previously in the past 20 years. I've plotted the Sine Waves on the chart to more efficiently illustrate NG's long-term...
Has been an Epic run for Natural Gas but we have come to resistance. the price will most likely need to take a small break... unless it's willing to go much higher. At this stage we are cashing out some profits and strengthening our short positions.
Have been watching natural gas closely for the past 1 month, Natural gas itself doesn't know what it wants.. lol. However, I think this week is very important to confirm the direction, either it is gonna keep climbing till reaching -who knows- 6.5, as it has already broken 2018 high. or it is gonna hit deep down in the ocean. But, But but, if you wanna follow the...
If closes over ~4.93 resistance we'll have a breakout that suggests it'll run to 6.10-6.30 area. Has peaked first week of November the past two years $UNG $BOIL $KOLD #NatGas #OOTT #Commodities #Trading
Interesting look where bearish divergence could imply we peak seasonally a month earlier than the previous 2 years 🤔 $UNG $BOIL $KOLD #NatGas #OOTT #Commodities #Trading
Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...
Natural Gas has torn higher, adding nearly 4.5% this week to an already monstrous rally. Prices are on track to record a sixth monthly gain if this pace continues. On a technical basis, a pullback may be necessary before moving higher, however. The recent surge has brought prices well above an ascending trendline that has guided prices higher since the May swing...
In our last forecast, we expected the price to reach the support area before going back up. Instead, it went strongly up and made a new top. In the coming week, after we retested the upper channel line, we are expecting a correction and a medium-term bearish move that could reach the lower trendline. Trade with care. Best regards, Financial Flagship ...
Natural gas chart is a beauty and also a wild beast! The price has been super volatile before and this is exciting to traders and speculators alike. Price has broken over it's major resistance and the potential is high, as you can see on the chart. With Nearly 95% of Gulf Coast oil and gas production offline as Hurricane Ida buffets Louisiana, Natural-gas...
I posted several calls from June 2020. NG is super bullish and will breakout from the multi year channel soon to target ~8$ Now we go down in a large correction and sideways movement until November. Bears are coming.. temporarily.
Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...
Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...
Hello,Traders! NATGAS is trading in a rising opening wedge And the price has just retested a support cluster And bounced off it showing good bullish reaction I think that we will see the pair trading up in the wedge With the target being the previous high Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Hello,Traders! NATURAL GAS is trading in an uptrend But now the price is retesting a horizontal support From where I am expecting a pullback And a bullish reaction that would move the price up Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
In our last forecast, we correctly forecasted the pair to start a pullback. In the coming week, we foresee the price to make a correction before dropping again, having a great chance to reach the confluence created by the support level and the trendline. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely...
Hello traders and investors! Today we will talk about natural gas, its price action from technical point of view and wave structure from Elliott Wave perspective. As you can see, natural gas is in the downtrend and we are tracking a big weekly A-B-C decline, where wave C is in progress since 2008 and it looks like a big ending diagonal (wedge) pattern. Ending...
🏛NATURAL GAS is trading in a rising channel on 1D timeframe And the price has retested the rising resistance line Now, we are seeing a bearish correction towards the demand level And I think that we will see the price go further down to retest the support zone To then reverse and resume the bullish rally inside the channel LONG🚀 ✅Like and subscribe to never...
Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...