Natural Gas is Breaking out of the base. The entry is above this daily bullish candle and stop loss under the candle. Looking at 2R profit target, however there will be more entries along the way on lower timeframes for more scalping.
Natural Gas Natgas Stock in daily neutral trend
- Natural Gas Natgas needs a daily trend change to uptrend
- Next level for natural gas needs break hold 2.54
As noted to our members, Natural Gas rejected that 2740 area and is now heading back to retest the 2700 area.
We should see a bounce in this area back up for a longer-term bullish move.
As a scalper, this is an excellent area for a BUY opportunity.
Thoughts?
We don't usually advise trading wave 4's as they can get overly complicated, however upon waiting for what should be the minute wave B we are advising our clients to go long as there is an off chance the minute wave C could be a minor wave 3 if the bottom is in. This is not our primary count though and we believe there is one more intermediate wave down to...
- Natural Gas Natgas Stock in daily neutral trend
- Natural Gas Natgas needs a daily trend change to uptrend
- Next level for natural gas needs break above 2.86
#NATURAL GAS... market is at his multi timeframe supporting level 2.45
its market most important and traded area form last few decades,
again market is at his level and winter season is on his way,
but it should hold this level for again bounce back..
otherwise downside we have next area that is mentioned on chart. 4
trade wisely
good luck
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.
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...
- Natural Gas Stock Weekly uptrend still intact
- Natural Gas Natgas bear break lacking follow through
- Structure of the chart is ok as long as bulls hold above $2.53
