Nat Gas Bulls cant seem to find any momentum continuation.
Lots of chop and slop is forming on the daily chart.
This choppy action could be shaping up for a new low after we get tag the next resistance.
The weakness in the NATGAS (natural gas) price has surprised many analysts, including ourselves, to be honest.
Nevertheless, we anticipate that the natural gas price is currently undergoing an extended bottoming phase, and a near-term increase can be expected.
While targets beyond 4,000 may be overly ambitious, the range around 3,280 seems at least achievable...
Hello,Traders!
NATGAS is going up now
And we are seeing a
Bullish breakout of the
Key horizontal level
Of 2.486 and the breakout
Is confirmed so I think
That we will see a further
Move up after the market opens
Buy!
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Though my base case scenario is a contracting diagonal, I am also considering more extreme options to stay open-minded. Technically it would be the same.
Hello!
I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market.
While I would like to share my analysis with you, please note that I am not providing a...
CAPITALCOM:NATURALGAS
Hey Folks !
I have shared all the expected important levels for the week .
Club these levels with your existing trading strategy and experience.
Hope You have profitable week.
NATURAL GAS - NEW LOWS?
Nat Gas, rejected 2x the resistance line and printed in top a falling star candle , next candle printetd a new low and for now im not looking to buy it , just wait to enter on a better price
NATGAS was trading in descending parallel channel. The price was reacting well the support and resistance of descending channel.
Currently the price has given the breakout of channel and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum...
Natural Gas in a Free Fall
Natura Gas is moving in a well defined bearish trend.
During the previous week the price found the strength to breakout from a strong
daily/Weekly support zone located near $2.5
The support area now turned into resistance stopped the price rising more during yesterday afternoon.
Today the price is moving down again and probably it...
Hi!
NATGAS is pretty bearish, reading about a warm December, at least in the US, and overproduction. (reading headlines at naturalgasintel.com).
So, I'm expecting price to break down at the test of this trendline, which could be a good opportunity to SHORT on this one.
Have a great week ahead, and please comment if you have something good to add.
Best...
Since November 1, the price of natural gas has fallen by more than 30%. This was facilitated by:
→ relatively mild weather at the beginning of the winter period;
→ record volumes of liquefied gas production, as reported by Reuters. Analysts estimate there is currently about 7.8% more gas in storage than normal for this time of year.
On December 13, the price of...
The price of natural gas could drop to the $2.30 level this week and form the next lower low there. The November bearish trend line represents strong resistance at the beginning of December.
