Winter months are here. The East Coast of the US is experiencing low temperature and snow. Demand for Natural Gas usually increases in the winter months.
The price of Natural Gas has been climbing since late October and will probably keep rising throughout the winter months.
I remain bullish NGAS to 5.10 which is the 61.8% Fib extension from the up move and it...
Hi Traders,
As predicted, Natural Gas topped within the target area at 4.50-4.56. Then again, it retraced to another predicted target area at 4.21-4.18.
Now, Natural Gas should resume the uptrend to the area 5.10-5.13 and higher.
TARGETS
likely: 5.10-5.13
possibly: 5.37-5.38
ELLIOTT WAVES
This new uptrend is nothing more than "wave 3" of the recently started...
Hi Traders,
As predicted, Natural Gas topped within the target area at 4.50-4.56. Then again, it retraced to another predicted target area at 4.21-4.18.
Now, Natural Gas should resume the uptrend to the area 5.10-5.13 and higher.
TARGETS
likely: 5.10-5.13
possibly: 5.37-5.38
ELLIOTT WAVES
This new uptrend is nothing more than "wave 3" of the recently started...
Hi Traders,
Natural Gas (now at 3800) started a major uptrend as 2 days ago as predicted. It's now to retrace a bit to 3760-43 before resuming the uptrend to 3924-50. That should mark the top of "sub-minuette wave 1".
As you can see by the 2-hours chart above we're still plenty of time to get on board for a long position.
ELLIOTT WAVES
The letter "C" at the...
Hi Traders,
The end of the line of the downtrend of Natural Gas (now at 3601) is very much in sight. This sputtering downtrend is to be followed soon by a significant reversal that would mark the beginning of a major uptrend.
The attached 1-hour chart displays the sub-minuette waves 1 and 2 (in green, bottom right) as part of a group of a 5 waves down that...
Everything can be seen or read on the CHART.
1. Winter Demand UP
2. If Dollar goes Down Price(NatGas) UP
3. Positive Technical Analysis
1.+2.+3. = ====>> to rocket UP; explode(?)
NatGas appears to be starting a wave c of an a-b-c move.
This pattern is the favored pattern so long as price remains above 3.72.
The August 12, 2014 move lower was a 3 wave move where red wave 'c' was nearly equal to red wave 'a'. This suggests the whole pattern is likely to be retraced meaning prices visit 4.03.
Additionally, the equal wave pattern appears...
Natural gas is currently on the long term trendline and holding after massive price appreciations, whipshaw, consolidation, and sell off. Nat gass is down around a dollar in the past month, around 22%.
Technicals:
RSI: Super oversold on daily
Open and close below weekly bollinger band, hyper extended.
Fundamentals:
Dollar per unit of energy nat gas still remains...
To me it seems that the spot natural gas should provide more valid historic s/d levels than the futures. This chart raises the question, though potentially in an ambiguous manner since both the spot and futures have levels at this area. The level held extremely well, suggesting that overlapping levels may hold a secret mystical power.
Friends,
A very quick note ...
Here is one that turned around quite fast and reinforced a bearish market reversal confirmation. Bearish targets are as follows:
TG-1 = 4.052 - 26 MAR 2014, moderate probability
and
TG-Lo = 3.481, low probability
More on this chart as price action unravels.
Cheers,
David Alcindor
Predictive Analysis and Forecasting
If...
Friends,
Yesterday, we warned of a probable rally into three potential targets, graded by probability. Today, WSJ mentions: "Who isn't sick of winter? Natural-gas traders: on.wsj.com We believe that some unwinding has come due ever since we hit all targets - Here is a playable review of the trade using TradingView's replay feature:
Within a few hours, all...
Natural gas respected our analysis & moved to targets as per last report. However natural gas move to higher level after that but many important hurdles kept as away for time being.
Now natural gas is trading around $4.319 & as we can see on charts the continue trading above $4.140 is indicating that the rally isn't complete & we may witness further bullishness...
Natural Gas shows a strong breakout from a triangle pattern on the daily chart. Watch for a long entry on a pullback if/when the price attempts to retest the breakout level (bullish gap). Note that breakaway gaps in most cases don't get filled.
