Zooming into the daily charts, price tried on Wednesday to break back above a key neckline it broke down from, but was faced with fierce selling on Thursday, where Wednesday's gains were completely wiped out.
Natural gas looks in trouble. On the weekly chart, it has been building a massive broadening pattern, which tends to be unstable and leads to violent price swings. Price turned lower at the top of the channel recently.
Price bounce on daily OB and when u drop to H1 you saw price create change of character as indicated on the chart so am expecting pull back to a significant zone and price will be rejected to the upside so lets wait and see
Im expecting a bullish continuation
basic elliot wave type impulse at the
deep purple levels im taking the first level
if that fails i know for certain its headed to the 2nd
so id wait for a retest of the purple and bearish continuation
but 4 now im long
SENNA SEASON
Wednesday 14 September 2022
07:07 AM (WIB)
Natural Gas is the most eccentric and unique pair compared with others. This commodity needs all of the required skills to read and understand the chart flows. I remember when Natural Gas was still at $3, and Crude Oil was still at around $37. The difference is Natural Gas move so slowly at that time, while Crude Oil...
Tuesday 13 September 2022
17:39 PM (WIB)
The price chart of Natural Gas is entering Resistance at $9.
I should keep watching the movement because it is near the Reversal movement to the Support lines.
Be careful with money here, risk and reward will need precise estimation.
Sorry two days late but the algorithm was triggered on 09/05/2022
Entry: 8.739
SL: 9.563
Tp1:8.250
First TP was triggered and half position was taken off the table. Moved stop loss to entry and let the position run.
This pump was very weird, going up constantly on declining volume. Hit the previous high for a moment and immediately started crashing. There is a MFI bearish divergence on weekly chart as well.
Short. What else to do. Expecting a full retrace down to $6 ish.
The fundamentals as well a technical analysis both agree that prices will go higher after the correction to around 7.0 7.50 USD giving a great opportunity to buy Natural Gas for the coming months until around 12 USD has reached.
With a BuyLimit Order at around 7.50 USD and a TakeProfit 12 USD
Sunday 11 September 2022
19:45 PM (WIB)
The Bearish Market is definitely on the move as shown in the Chart Flows from 4 Hours to Weekly frame. Preparing to sell off is a better option than buying Natural Gas.
The price fluctuates below the middle lines now and looks difficult to move up (but be careful with some short-term volumes).
At the Resistance, there...
Friday 9 September 2022
22:50 PM (WIB)
Check and Watch periodically. There is A Death Cross in 4 Hours. The chart flows pattern is very interesting to trades. Be careful with the Wickes.
Natural gas trading volume is huge and it has been a very volatile market, price has printed a new HH but now it looks like the uptrend is exhausted after forming this H&S pattern.
After Nord stream's maintenance success, we expect $NG to retest $8 level.
A deeper correction down to $6.00 is possible on the price of natural gas before we start a new bullish cycle above $10.00. Looking at the Fibonacci pullback, we are now at 50.0%, and it is likely to go even lower.
Thursday, 8 September 2022
06:50 AM (WIB)
The chart shows Natural Gas prices still could fall down to the support lines. And the best safety spot at the MA 200. Noted.
The Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument (chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't...
Natgas bullish and we’ve a lot buying position in this rally just check my chart.
Any question please comment below
Safe and profitiable trade everyone
