Natural gas is still under negative pressure
The 100-week moving average crossed by closing last week with the highest trading pace since the August top at $10
The price is currently testing a price congestion area between $5 and $4.6
Momentum is negative in the long-term to the medium term
And expectations of the continuation of the downward wave to 3.96
Hello traders!
‼️ This is my analysis on NATURALGAS .
Here we are around to an important level, as if price breaks out the support zone I will consider that we are in a bear market, which means I will look only for shorts. Also, we could see a rejection from strong support level.
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Hi guys, following my recent analysis on silver, i'm looking also at Natgas.
In my opinion this winter we'll see many problem in Europe and if governments try to save many countries, we'll see the price fall but then rise in the coming months, just after this winter.
Why?
Well governments will try to save countries in the short term "printing money" (i mean with...
Break of $7.60 might have already triggered the bottom target around $5.30
Pay close attention to price action around the broken neckline:
1) Fails to surpass $7.60, a huge drop will be imminent
2) If it manages to hold $7.60 expect at least a retest of the right shoulders top around $9.20
Hold my beer pls
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No financial advice, do your own research,...
Here we are coming very close to the technical target of the move at around $5.30.
Now its important to take a look at PA:
1) we go straight to $5.30 and most likely grab liquidity below up to $5.00-4.70
2) bounce off 0.886 and retest 0.50 fib before crushing
3) hold 0.886 and start an impulse
We see theres currently many options and therefore this marked...
Here we have a textbook Head and Shoulders Pattern after a strong uptrend on natural gas.
The volatility between the head and the kneckline was 19% so we used this as our main take profit area.
At first it seemed too much of a price move however 4 weeks later not only did we get past the 19% take profit area, price went down further to 26%.
This was a big...
Natural Gas has seen a sharp fall within past few weeks from 9.051 to 5.480 within 7 to eight weeks only. This is more than 35% fall. Now it has reached near the major support zone where there was high demand during the July month, we can buy Natural Gas now and aim for 6.508 price level
i only read charts , here s my view im selling ,
here is a great example of inflation , where everything goes up in price, and it keeps going up even if the price of natural gas has already dropped by almost 50% in 2 months ... thats probably how money is made
Hi Guys
As you can see on this picture, NG is following these channels for weeks! This setup should respect all technicals and fundamentals. In my opinion NG will respect these channels for some more days or weeks.
NG should rock again in the beginning of November. There are some cold months coming and the political instability is still enormous high! War in...
During the Asian trading session, natural gas prices are retreating from the previous high at the $6.70 level. The price is now making a bearish turn below the $6.60 support level. Now we can expect a pullback to the lower support zone around the $6.40 level. If the bearish pressure continues, the price could visit the $6.20 and $6.00 levels. For a bullish option,...
Hello traders!
⁉️This is my analysis on NaturalGas .
Here we are in a range for couple of weeks, I expect price to break out the range to fill the imbalance and then to reject from resistance.
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Natural Gas is at daily support & resistance zone. I spotted a buying opportunity with high potential RR.
chart is telling:
1. at important S&R
2. bear is fading
3. HL since last Wednesday
4. latest bear fulfilled 1:1
5. potential SL hunting @ 6.48
6. potential SL hunting above 7.1
Entry: 6.421
SL: swing low 6.3
Target: I'll take partial profit at 6.7 and set...
Looking buy Nat Gas on the backdrop of a strong daily support holding.There is also a potential bullish inverse Head and Shoulders forming.
Entry:6.729
Target:7.282
SL:6.503
RR:2.45
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
Hi Everyone!✋🏽
We've seen the correction of the last weekly impulse wave on the daily. Price has tested the last north breakout (marked blue, as Daily S/R zone), then if the daily closes above the trigger zone (green), we may see the trend turn into the primary direction.
What do you think???
Trade safe! ⚪️⚫️...
NATGAS has a lot of big fundamental factors currently, with Russia controlling I believe 75% of the worlds NATGAS reserves we are seeing the tampering of supply alter the market price alot.
Coming into the winter months we could see the price rise considerably as everyone tries to store as much gas as possible we could see supply side issues.
Ideally TWAP...
