Trending in a perfect upward channel, though there is a major resistance @ 9.36 tested several times in few days, wait for this firm breach of this resistance.
ADCB Pattern showing reversal @ 11.4 which is quite far out, but at least confirms bullish bias in the long run.
Buy @ 9.38
SL: 8.98
TP 1: 9.635
TP 2: 9.678
NATURAL GAS Technical Analysis Chart Update
Time Frame - Daily
According to Long Time Frame #LTF we have BULLISH CHANNEL Pattern and it is Rejecting from the Upper Trend Line #UTL it can Follow Sell Trend because it Rejected the Bearish Trend with Strong Bearish Price Action
We have got ELLIOT WAVES as well in Long Time Frame #LTF it has Completed its Impulsive...
We used the unfortunate global environment to pinpoint natural gas as a trading opportunity in early 2022. We then used the Olympus Cloud to define entries and exits.
When we are trading on a longer term time frame, such as the daily, and we are confident our fundamental analysis is on point, we will risk up to 4 times more (5-8%) than we do in our high frequency...
A lot of questions about Natural Gas:
The price is currently coiling around 8.8 - 9.65 resistance.
I am patiently waiting for its bullish breakout.
I believe that a weekly candle close above that structure will trigger a strong trend following move.
Only after the confirmed breakout, I will consider buying.
For now, be patient.
The market may be stuck around...
Trade Idea: Buying NatGas near 9.31
Reasoning: Price action has stalled and held support at 4-hour Ichimoku Cloud. Potential Double Bottom!
Entry Level: 9.31
Take Profit Level: 9.76
Stop Loss: 9.16
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...
Hello Traders,
have you shorted Natural Gas yesterday from the $10 level?
$10 is an important psycological level but I did not. Here my reasons.
1. Natural Gas is now a bubble, actual price is out of reality in terms of demand and offer.
2. Asset more speculative, higher risk and I had not any confortable resistance level above $10
3. I prefer to rely on my...
Gazprom will stop all gas flows to Europe via the Nord Stream pipeline from August 31 until September 2, Russia's gas giant Gazprom announced on Friday.
Natural gas is forming head and shoulder formation in Daily Chart right Shoulder already formed and head is near to Complete aaround 10.50 usd then its will came down very quickly till 8.7 for making it Left shoulder so we can take short position near 10.50 for tgt 8.7 .........this analysis only for educational purpose
With profit taking this morning, looking for a good reentry point at $8.91 - $9.13 on Natural Gas.
If the bears get greedy and push the price below $8.91, stay on the sidelines until $8.91 is reclaimed.
break of trend resistance zone/rsi resistance and 9.90 is my long trigger.
rejection from these resistances and break of 8.89 is my short trigger, in my opinion we dip before the next rip! lets see
