NATURAL GAS Sell signal on overbought Channel Up despite the GolNatural Gas is trading inside a Channel Up since the April 14th Low.
Despite forming a Golden Cross on the (1d) time frame last Thursday, we have a short term sell signal as the price reached the top of the Channel Up.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 2.950 (expected contact with the MA50 1d).
Tips:
1. The RSI (1d) is highly overbought, the highest since May 4th 2022, making the sell signal stronger.
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Trade ideas
💡 Don't miss the great Buy opportunity in NG1!(Gas)Hi everyone
It seems that we have to wait for an increase in gas prices in the coming months. If there are no special problems, I think we can predict the price of 3.6 dollars for gas.
Do you agree with my opinion? Please support me with likes and comments.
Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count
Natural Gas - On the 1hr chart, NG displays a clear impulse Wave formation, indicating that the market is likely to continue the bull run to the 300 range after the minor correction(may drop to the 260 range for the short term) and then we can expect significant correction toward the 180 range.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
CAPITALCOM:NATURALGAS FOREXCOM:NATURALGASCFD MCX:NATURALGAS1! PEPPERSTONE:NATGAS NYMEX:NG1! MOEX:NG1! VANTAGE:NG
Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count
Natural Gas - On the Daily charts, NG displays a clear impulse Wave formation, indicating that the market is likely to continue the bull run to the 300 range after the minor correction(may drop to the 250 range for the short term) and then we can expect significant correction toward the 162 range.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
CAPITALCOM:NATURALGAS MCX:NATURALGAS1! PEPPERSTONE:NATGAS NYMEX:NG1! MOEX:NG1!
Gas WarsThis is isn't my usual type of analysis, as I prefer to stay neutral and let the price action speak for itself, but I find the situation on Natural Gas very interesting and wanted to share my view on it. In trying to interpret the forces at play here in the recent past evolution of this market, I take a close look at highs and lows, peaks, bottoms, and the momentum and quality of a wave/move.
I posted an idea regarding wave from A to B which I partially anticipated in "Natural Gas Scenarios" but the end of the wave at B was a little bit of a surprise to me. It is almost like the Bulls were in charge but they went too far. Then the Bears got back into it, made some Bulls cash in and exit and it all came tumbling down. Point C is another similar case of "going too far" resulting in an immediate turnaround with the same type of momentum up until 2.842 which is a relevant level as it has seen several tops and turnarounds.
What is interesting in this situation though, is the represented "eye" shape which highlights the succession of higher lows, lower highs, and the change in the volatility of the market. Basically all forces that have been pushing this up and down, have receded a bit, bringing it into a tight spot where this might want to pop out sooner or later.
My main scenario which I am concerned about is an incursion towards the orange zone, where this could find a support and bounce back and try to reach for the white rectangle zone, a zone which I consider to easily qualify as a "going too far" scenario, where the Bears might come aggressively back into play and try and push this lower and bring it back to its senses.
On the opposite side of this potential is the Green Zone rectangle, where if the price reaches it in the specified time zone, it might trigger the reverse "going to far" scenario and let the Bulls take charge for a bit and chase the bears out of the picture in short term.
No clones were hurt in this experiment and in case the empire strikes back we can always hope for the return of the Jedi in case these Gas Wars continue to keep this market range bound, perfect for swing trading for the brave. May The Force of Profitable Trading be With You!
PS: Yoda is taking a nap. nen was here.
NG1! Under Pressure! SELL!
My dear subscribers,
My technical analysis for NG1! is below:
The price is coiling around a solid key level - 3.330
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 3.020
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
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Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count
On the Daily charts, NG displays a clear Triangle Wave formation, indicating that the market is likely to undergo a significant correction toward the 162 range. It is advisable to exercise caution when considering long positions. However, if the market breaks above 272, this view would be deemed invalid.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
CAPITALCOM:NATURALGAS MCX:NATURALGAS1! FOREXCOM:NATURALGASCFD NYMEX:NG1! MOEX:NG1! PEPPERSTONE:NATGAS
NATGAS Swing Long! Buy!
Hello,Traders!
NATGAS was trading around
The very bottom in a triangle
Pattern and now finally we
Are seeing a bullish breakout
Which we all expected and
Now we have a bullish confirmation
So we are bullish biased now
And we will be expecting further growth
Buy!
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