NATGAS back down to 4.1 this week then up we go for mine. unless Trump's got Europe buying his NG then probably just keep pumping. it's basically winter now so demand going up organically. a geopolitical situation will really throw gas on the fire heheCommunity discussions
NATGAS back down to 4.1 this week then up we go for mine. unless Trump's got Europe buying his NG then probably just keep pumping. it's basically winter now so demand going up organically. a geopolitical situation will really throw gas on the fire hehe
NATURALGAS only chart needed for natural gasIdea: BULLISH BUTTERFLY
NATURALGAS gap down Monday
XNGUSD lacklustre price action, twice it got exhausted without breaking the dynamic support. I'm closing all shorts here and will re-evaluate on Monday. Good luck everyone!PS: I'm still bearish biased and expect there will be a correction, it's just that on low volume they can manipulate easily the price to kick out short retail so no point leaving the trade open during weekend.
XNGUSD Not shorting this surely. At least need a close below PDL
NATGAS gap up next week ?
NATGAS london close is going to be interesting today even tho its friday.. failing to break sup since day before yesterday.. where does rig count/ eia data lie at this point ? lolXNGUSD Holy shit this thing wants to close in green today
NATURALGAS It's Friday, so it's a perfectly normal pullback after an amazing run up. My plan is to get short but only for a one day trade. Then get long on Monday only if this Week Candle is still White.NATURALGAS looking good so far with big volume piling up as price is pushing on the sellside, we might have further selloff. There's a ton of supports that must be broken before we have high hopes for a strong corretion though 4.41 dynamic support, 4.39 broken resistance (bullish breaker block) to be tested as support, 4.38 lower bound for dynamic support, 4.33 yet another fkcing dynamic support, 4.35-4.32 bullish orderblock, 4.415 lower bound of linear regression channel and each of these is a fcking minefield where the fcking algos have placed their fcking buy orders to fck the retail cause 4.40 gas price at peak supply is somehow totally normal nowadays buy buy buy is cheap! If all of these break then the nearest sellside liquidity target is 4.37-4.36 and 4.35 which may act as magnet to pull price down to these levels. For deep correction we will ultimately need price to break below 4.28 targeting the liquidity pocket at 4.15. Pretty much the entire area 4.41-4.28 is one bigass support and price can bounce up anywhere in here so as we sell we should be on alert. If we break below this then we move on to the next area for possible support at 4.09-4.01.Good luck guys!
