Natural gas is prepping for a big move to the upside after the gap fill that's marked on the chart (2.35 vicinity). The gap coincidently lines up with the lower trend line of a falling wedge , making this area a magnet. The move in Natural gas in the previous weeks was very large , which subsequently required some consolidation before another leg. Assuming the...
Last weeks NG video i mentioned that this is likely a climax bottom and we are heading higher with potential inverse H&S pattern, it ended up playing out in the hourly time frame and bulls were a lot stronger than i expected. - Looking at the 4h time frame 12 EMA as full bull control support if we don't lose it then we wont be getting 4h and daily consolidation...
Wow. Swing trade was on point, still looking for possible uptrend from here toward the 200 day moving average. What's the community think?
Natural gas looks to be forming a near-term top in what I think is an ABC move up. Bearish divergences are building on the hourly and 4 hr chart. Although, these divergences can continue to build while Natural gas grinds up , the risk-reward ratio warrants caution. Where does the B wave look to target? The $2.40 vicinity looks plausible, being there was a lot of...
Nat Gas got another daily positive close. This chart is looking ultra bullish and we may get to witness one of the greatest short squeezes.
The rally continues, what's next for Natural Gas? Massive long term reversal signals on watch.
Natgas found support on the yearly S1 standard pivot point.
Alright, was a little too early previously. Updated the levels. Going to go long at $8.30ish level. Upside to ~$17
Still holding This is my outlook for the next few weeks
Discussing the latest Nat Gas price action and Inventories.
Nat gas got slaughtered on Friday and made a new low. When will the price action turn around? at this rate could we go negative?
Natural gas has been oscillating in a wide range between $2.34 and $2.60, give or take a few cents. $2.50 support/resistance has been the decision level for a sharp move in either direction. At this point, both extremities have been tested multiple times , weakening both support and resistance. I believe that if natural gas bounces here and tests the higher...
We discuss the latest daily and intra day price action. Some education about basing formation and what we need to see to gain likely more upside.
Nat Gas, the widow maker - is at the 100 month ma (green line), which was a resistance level during it's consolidation and should be a support here. How much of a bounce it can get is hard to say but my guess is at least to 6 dollars sometime this year. This is a monthly chart.
The daily candle that just opened is forming in a very interesting place. It will encounter some strong resistance around the $2.50 mark, which coincides with the last candle and down trend line since December. If Nat gas manages to push thru and break above $2.50 and close above the down trend line, then game on to +$3. If it fails at $2.50 and heads lower to the...
Take a look at this Nat Gas chart. It looks poised for a rotation of capital to come out of the SPY and buy it at these depressed levels.
Natural Gas is on pace for it greatest & fastest fall in price history. Nat Gas is hitting technical support in one of the most oversold conditions ever. We discuss some Nat Gas cycle history that may be useful in knowing how to trade Nat Gas.
Very weird things are happening in the natural gas space. It might be getting ready for the biggest short squeeze.