Bullish view on Nat Gas. Target 230 for wave 3. Below 200$ a more bearish view. This count is still a final leg up in corrective larger wave 4.
The last four trading days saw gas closing lower after attempting to breakout(see prior post) and in so doing, filled the gap created on the 17th of April. I am still long on this and have not closed my swing trade. Technicals: chart: A potential descending triangle is forming. Volume: Massive build up on volume over the last few weeks. RSI: ... Whether...
- 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
Natural gas has been moving within a range, and currently, we are at the lower part of the range. We are patiently waiting for a shift in market structure (creating a HH). This would indicate a potential upward movement within the range. Entry Point: We plan to enter a trade on a pullback (LH) utilizing the (weekly FVG) with the trendline acting as a...
These are long term expectations in relation to natural gas prices and the most important levels that will be affected by them in the future
NG did a nice move not just from technical point of view covering some low value areas but was pushed by: 1. warm weather USA and parts of Europe 2. Nederland closing one of biggest NG field 3. Some maintenance work of gas pipe lines in Norway (for June time) 4. some work on LNG terminals in USA Gas in Europe jumped as well and this may give push for further...
After just recently breaking out of a triangle pattern we have steadily road a rising 20dma and now a rising 50dma. We currently this morning are trying to breakout of long term downtrend line. Looking bullish for the short term.
After a bottoming process and a reset of the rsi, a surge up is possible here. Nat gas is also at structural support which usually reacts with price in a positive or negative way. Holding here and not getting below 2 dollars would be very positive. If correct, the target is about $3.50
buy above green line and sell below red line....target and stop loss is in next line draw.
latest move due to weather in TX in USA. Hot time for Europe comas well so this may increase need for NG yesterday P day profile show some liquidation of long positions, so today all about keeping the VPOC of yesterday and there is more and more bad high building 2.370 But it is too obvious for NG, and NG likes to screw such trades before they work out. i do not...
After a warm winter, now we wait for the summer season and ACs on. Moreover, for the time being EU has full gas storages - often from Russia yet, which will be used and then must be replaced. How will it affect the US prices? Many hope for a rally similar to what we saw a year ago. Perhaps they are right, however for the time being - all quiet in the west.
Last 2 days had a nice pull down poor value areas, so looks like folks was force to sell or there were nice traps for short sellers. Now NG sits on VAH of last long consolidation and there is notr much will to sell 2.305. They try but each time going back to 2.305 targets 2.375 as next one Above 2.4 we should get acceleration this move.
Natural Gas (NG1!) is trading inside a Bullish Megaphone that has just priced its new Higher Low. The price is above the 1D MA50 (blue trend-line) and has started the new leg to a Higher High. Before that however, it has several Resistance levels to overcome, namely the 2.690 Resistance and before that the Lower Highs trend-line. As a result we are buyers but set...
Trading idea - Entry point > 7.5/61.80% 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 2.4/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support...
My dear friends, NG1! looks like it will make a good move, and here are the details: The asset is approaching an important pivot point 2.228 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 2.366 About Used Indicators: Super-trend...
NG1! - Classic bullish pattern - Our team expects growth SUGGESTED TRADE: Swing Trade Long NG1! Entry - 2.171 Sl - 2.081 Tp - 2.306 Our Risk - 1% ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! We are going long on the NG1! with the target of 2.461 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅