On Friday, the price of natural gas fell to the $6.50 level and found support there. During the Asian trading session, the price slowly recovered to the $6.70 level, and if it continues at this pace, it could climb to the previous high at the $6.80 level. There we could expect the next potential resistance or a break above for continued price recovery. Potential...
The price can goes down to the 4h support and in other ways we have the lowest point of up trend channel there,
so lets see the price can touch the support
So after a deep down of price we can have a shortly pull back.
Attention about possibilities for a long continuation after the pull back .. or in case of deep change of global situation about e breakdown of price until 6$ area.
After the pull back could be more clear the wave situation
Final ((C)) is completed or not?
This weekly chart trend channel and wave count may
suggest the forthcoming trend of the Natural Gas price.
The last low at $5.4/MMBtu may suggest a bottom which
allows the price to trend higher in coming weeks.
However, we may see drop from current level of $7.03
to as low as $6 area before the uptrend may resume.
Hi Everyone!✋🏽
Please watch my analysis of the NATURAL GAS. Thanks, and feel free to comment!
ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT!
Trade safe! ⚪️⚫️
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Thanks for reading my analysis!🤘🏽
Remember that trading is a risky...
NATURAL GAS after the bull run is losing momentum.
The price on the daily chart is creating a head and shoulder and according to Plancton's strategy if the price will break below the neckline and satisfy the A ACADEMY rules we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly...
The price of natural gas continues to put pressure on last week's $6.46-$6.60 support zone. The price failed to form a new higher high and climb above the 38.2% Fibonacci to better position itself. On the contrary, we see the formation of a new lower high and continuation to the bearish side. We are currently seeing the formation of a new lower low and a drop...
Hello,
For NATGAS I will watch the price action from 5.7 to 4.5. to Take long term long, For now its too late to short the head and shoulder the target is very near,,
DYOR, Not Financial Advice
Hello traders!
⁉️This is my analysis on NATURALGAS .
Here I expect bullish price action after price filled the imbalance from 6.613. I see price to take out buy side liquidity and to fill the imbalance from 7.667, where I expect to reject from resistance.
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Hey there,
#NaturalGas
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical...
