Sideways and limited Bearish, wait for Buy At support 1.510$Currently, Gas (NG) Moving sideways range and expecting more downside towards multi Year Support 1.480$ where we can some small correction upside. Alternative due to summer now demand level very low.
🛑SUPPORT/RESISTANCE
✅S1= 1.645
✅S2=1.510
✴️R1=1.725
✴️R2=1.945
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Ngaslong
Limited Bearish more Towards Support 1.520$TREND Still Downside towards major support level 1.520.
Last week NG Break Fake as we mentioned previous analysis.
We hit our 1st target and next target 150 points more downside.
🛑SUPPORT/RESISTANCE
✅S1= 1.700
✅S2=1.520
✴️R1=1.800
✴️R2=2.100
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Thank you for your support, I appreciate it.
Don't miss the great buy opportunity in NGASTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.78). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NGAS is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 2.02
TP2= @ 2.21
TP3= @ 2.49
SL= Break below S2
Don't miss the great buy opportunity in NGASTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.78). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NGAS is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 2.02
TP2= @ 2.21
TP3= @ 2.49
SL= Break below S2
Don't miss the great buy opportunity in NGASTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.90). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NATURAL GAS is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. While the RSI resistance #1 at 43 is broken, so the probability of the beginning of an uptrend is increased.
Take Profits:
TP1= @ 2.09
TP2= @ 2.21
TP3= @ 2.49
SL= Break below S2
Ngas Potential H&S Pattern Forming Dear Friends, as we can see a trend reversal chart pattern. Head & Shoulders pattern forming 1hr So a signal that the market is going to move Up. Price Pattern completion on the break of the neckline (fibo levels 0.618 around).
Let's see how it goes. Personally Expected Bearish trend for today.:)
P.S. Today, EIA Reports Natural Gas Inventories
Good Luck!
NaturalGas NG Bullish SetupNatural Gas or NG is forming a nice bullish setup on the daily time frame. We can see that the price has already broken the upper range and is now touched a resistance area. When looking at the Stoch indicator theres enough buying pressure left.
This info combined with the forecast EL Nino and hot summer are strong bullish fundamentals for NG






















