During the Asian trading session, the price of natural gas was in the range of $6.90-$7.00. In the previous four hours, we have had a positive consolidation that could lead to a break above the $7.00 level. But we are very close to the resistance at the $38.2 Fibonacci level because two days ago, we tried to climb above it, but it was unsuccessful. Now we have...
I expect NG to rally off the lower trend line of the pennant and go to at least the $8.47 liquidity zone. This is not purely a technical play as it is the season to expect increases in gas consumption/demand. Technically all the signs of a rally are present. The Weis waves for supply are decreasing and demand is increasing. The accumulation/distribution line...
Hey traders, Here is our technical analysis on NATURALGAS. The level where the price is trading right now is decent and the price will most likely bounce from that. ❤️ Please, support our work with like & comment! ❤️
Wait for a serious pullback, we need to respect the fact that this entire move is being retraced....
Last week, I shared with you a head and shoulders pattern formation that I spotted on Natural Gas on a daily time frame. The price has successfully closed below its neckline. The price is currently heading towards 6.175. Bias remains very bearish. If you missed the entry, consider an occasional retest of a broken neckline. ❤️If you have any questions,...
ok ok .. this not an easy trade!.. probably, in this moment work on Natural gas is near to gambling at casinò but based on technical point we can have a short direction Let me explain the main point 1) COT report say that non commercial are short (with increase) 2) Europe has completed the "stock" for this winter 3) Europe has created a big plan to reduce the...
Trade Idea: Buy NatGas Reasoning: Inverse Head & Shoulders formed after bullish hammer with potential for a morning star reversal Entry Level: 7.19 Take Profit Level: 7.49 Stop Loss: 7.09 Risk/Reward: 3:1 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...
Hi Everyone!✋🏽 I want to show you an idea that has a possibility to turn into winner trades, however, compared to the reward, the risk involved is quite high, since this goes through a CORRECTION. Primary trend is short, but we have a weekly south breakout to be tested, if the price bounces back from the Daily 138.2 target has been recently reached. That weekly...
last chart of the day, please drop some likes to show your support 💛 in my analysis posted on august 20th I warned downside is most likely scenario.. as expected, we saw big pullback. now at extreme trend support zone, bounce from here is probably going to happen imo. Watching for break above 7.63 for big push to upside, below trend support/6.37 we will see more...
I found this weeks ago and you should be scary where the world is going. SUPPLY AND DEMAND!
Strong bearish trend on the weekly chart and we look for potential support in the $5.50-$6.00 zone.
Trade Idea: Sell NatGas after break of medium term support Reasoning: 7.45 support has been penetrated and price action is forming a bearish pennant resulting in a reasonable risk/reward opportunity Entry Level: 7.316 Take Profit Level: 6.866 Stop Loss: 7.391 Risk/Reward: 6:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your...
It's no brainer that Natural Gas leading indicator is Russia or shall we say Putin. I'm sure y'all heard reports of Putin sending more army into Ukraine in hopes to regain back some of the territory, this alone should be a clear message that Putin is willing to go to extensive measures to win and that's including using nuclear weapons. We can go on and on about...
Cup and Handle on the Daily Chart with a break out from consolidation. Target ~ $12 Invalidation ~$7.5
Update on linked idea - Could see an aggressive move upward in the coming days
Its time for reality to kick back in and gas prices to go back to new highs followed by the unsolved underlying fundamentals here we see rejection of higher tf demand this year ive been on a roll with my gas swing calls made this call earlier as an update but just enjoys pressing play so SENNA SEASON
US natural gas prices have formed a head and shoulders top pattern, which may signal a weakening of the current major bullish trend and a subsequent reversal into a bearish one. The left shoulder coincided with the relative highs at the end of July at $9.30/MMbtu, a level that was then followed by a pullback to $7.53 (August 8) prior to the beginning of a new...