The recent price action on the NATGAS pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
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Hello,Traders!
NATGAS is trading in an
Uptrend and and will
Soon retest the rising
Support from where
I think we will see
A local bullish rebound
Buy!
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The TTF FM is trapped in a sideway movement. After a cone and SKS formation which was resolved bearish with the slump to 43,2 we now see a completed but still not active DBW. The ideal upper target (box) is 51, the statistical target is the equal to the important top at 49.5
The bearish breakout would be at 43,2 and would imply the gap close at 37.
Typically DBW...
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Micro Natural Gas Futures & Its Minimum Fluctuation
0.001 per MMBtu = $1.00
Code: MNG
Disclaimer:
• ...
In the daily timeframe, Natural Gas is finding support at 239.2. If it sustains above this level, we might observe further upward movement. However, if it fails to hold, a bearish trend could emerge, potentially reaching 233 today.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You...
In the last three trading sessions, Natural Gas prices went down with some periods of sideways movement. This happened because there was more inventory (stock of natural gas) than people expected.
The important levels to watch are:
Resistance at 247.7 (where the price might stop going up)
Support at 239.2 (where the price might stop going down).
If the price...
Last week , we examined Natural Gas from a seasonality perspective. This week, we aim to extend that discussion and explore other ways to implement a similar view.
To quickly recap: From a seasonality standpoint, we identified short-term opportunities for a downward move in Natural Gas. Factors such as higher-than-normal storage levels, unseasonably warm weather,...
Natural Gas/ NG is trading inside a Bullish Megaphone and the price is now on the corrective wave after the latest Higher High.
Support A at 2.860 is the first line of defense and with the price this much under the 1day MA50, the most optimal buy entry technically within the Megaphone (observe the circles).
Buy now and target 3.600 (Resistance A).
Sell if the...
![NATURALGAS1!: [MCX] Natural Gas Buy Idea](https://s3.tradingview.com/7/7yAKDMLR_mid.png "[MCX] Natural Gas Buy Idea")
