- Natural gas stock negated that hourly downtrend and bulls played defense - natural gas natgas stock bounced off of strong support and now we have just have to break prior 2.8 high to continue the daily uptrend towards 3 - Gold & Silver Stock Falling Wedge Guide.
- Natural Gas stock slight red flag today - Natural Gas NatGas bull break above resistance today with no bull follow through and came below the resistance. - Gold & Silver Stock Falling Wedge Guide. - Silver is outperforming Gold and if silver weakens more Gold would likely break bearish through the falling wedge. - QQQ needs to confirm a hourly downtrend before...
- Natural Gas Weekly uptrend confirmed for the very first time since Aug 2022 - also confirmed a daily uptrend - Structure of the chart is looking better for the bulls compare to the last couple months.
Last week, fuel inventories in storage rose by 95 billion cubic feet (bcf), surpassing analyst forecasts. Gas futures initially dropped but rebounded by the end of the week. The market expects increased cooling demand in the coming weeks as summer temperatures rise. Gas futures on the Henry Hub are heading for their best month since August. However, the storage...
- Natural Gas confirm its daily uptrend - broke bullish out of the equilibrium wedge that has been chopping around for months. - Ideally for bulls we re-test the wedge and bounce off of it - for bears they would want it to break back into it
- UNG falling wedge still intact, - NATGAS potential daily downtrend forming we have to see if bulls can play defense and negate that bear flag. - hourly trend will be my guide, if need bulls to form hourly uptrend before anything.
Natural gas has been basing for a few months now in what has become a very recognizable Wyckoff accumulation pattern. Complete with high volume on the start to low volume towards the end. Breakouts occur on LOW VOLUME in accumulation phases so don't look for volume to give a clue. Just like the AMEX:SPY and NASDAQ:QQQ markets did at the October bottoms. ...
- UNG falling wedge still intact - potential lacking follow through on the bears on Friday - Natural Gas needs to confirm 1h uptrend as their very first step
- UNG rejected from falling wedge upper resistance now dropping a little more then what bulls want to see - need to confirm a hourly uptrend as the first step for bulls - want to see it hold it hold 6.65 otherwise going to 6.3
broadly speaking, it is sideways with a fairly large range. but we can still take a chance on a good moment. if you look at the current elliot notation, it is likely that the price will go to the previous HH, you can take a long opportunity with the SL area below the invalid area
- Natural Gas First Daily uptrend in a while, still continuing - potential Weekly bull flag if we don't retrace over 0.382 - Next key resistance at 2.65 zone
Traders, Natural gas has created several bullish breakouts over the past weeks but failed to push higher. Now as we are reaching the end of the wedge pattern, a breakout is imminent. This can create a W pattern which in turn can push the prices higher. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a...
- AMEX:UNG AMEX:BOIL PEPPERSTONE:NATGAS Natural Gas clear falling Wedge - Daily uptrend confirmed without much follow through at the moment - bulls would like us to hold prior pivot lows and bonce off next week
NATGAS weekly data is conveying massive accumulation at the current price range of 2.0 to 2.2. Target by Winter/December will be a 6.0-8.0 price range. TAYOR.
Who says you can't chart 3X leverage? Got a nice down channel here and about to hit the bottom of the channel. 4.20 at the end of next week would be a nice price. That would be over a 96% drop from the top. Interestingly, the previous peaks in Nov 2018 and Feb 2014 dropped just over 96% before touching the channel bottom. Could overshoot below since it...
- AMEX:UNG AMEX:BOIL VANTAGE:NG Still trading within my falling wedge pattern is getting tight so likely breaking soon - Bounced off of quadrupole support Friday - couple of resistance level right above us may test the upper falling wedge resistance next week
Natural gas bounced from a low of $1.95/MMBTU, where almost all producers lose money. Since natural gas and crude oil are near or below breakeven levels, producers are reducing their drilling rate - likely lowering production levels given the lack of capacity. The negative shift in weather, falling rig count, and potential export boost from Freeport may push...
- Natural Gas falling wedge is my support and resistance guide - Currently Daily & 4h Neutral trend - 2 key support below and 2 key resistances above.