Hi Friends, Petroleum gas costs where about unaltered on Thursday following a blended report from the Department of Energy. The climate is relied upon to be colder than typical for the majority of the west coast and midwest for both the 6-10 and 8-multi day gauge as indicated by the National Oceanic Atmospheric Administration. Colder than typical climate for the...
A particular tree in the forest, the oak, is growing vividly.
I do not mind the pines as the Oaks are dominating this forest.
This is how I plan to trade one year in Natgas.
It is not the best time, seasonnaly speaking, but NG always choose his own way to swing....
At 3 years low, with the RSI flirting with 30, long term sensitive point for this one on the daily chart, a decent bounce is predictable...
There is many ways to trade it, have some fun!!
The price has almost reached the last static support placed at about 2.56 $, after it there is a gap of 30/50 cents that could be covered in the very short term if the level just mentioned was broken downwards. The main trend, so far, has been reversed: technically the EMA20 and 200 periods on medium / long term tf are above the price and this means that the trend...
NatGas moves in great cycle periods of 12 years. Current 12 year cycle started in 2017 and will end in November 2029.
Yes, the actual low occured in 2016, but that was due to a different, smaller, agressive cycle.
As traders, it is Critical to know whether we are in a long term bull-market or a long-term bear market.
Currently price have been consolidating over...
The price is trading inside a 4H Channel Down that is currently on Lower High territory (RSI = 49.154, MACD = -0.045, Highs/Lows = 0.0335). This is the ideal opportunity for a tight short towards the January 9 low of 2.940. The 1W Support is at 2.882, breaking of which makes NG bearish on the long term.
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Looks to be in the latter stages of phase C in Wyckoff Accumulation. Looking for one more test of the lows for our spring/shakeout and then longing in preparation for mark-up. GL!
Big bullish divergence on 4h timeframe (on RSI, CCI), now we should bounce from big support level, we also created small double bottom on smaller time frames and we should fill the gap of around of around 3,0 dollars.
What happened since Dec 10's chart
Brief DT
Perfect TK Fibonacci Enveloping® / 4H
1.02 Bid/Ask
Next?
Not adding position
Clear short < 4.2
Limit Short >= 4.5
TK presents highly summarized result.
Natural Gas is a fossil fuel formed from plants and animals buried underground and exposed to extreme heat and pressure. Natural gas is used domestically for cooking, as a power source, in agriculture, and in industrial manufacturing. Natural gas prices fluctuate constantly depending mainly on production issues, stockpiles, weather conditions, economic growth, crude oil prices, and more recently coal. Natural gas is commonly measured in MMBtu, with 1 MMBTu equaling 1 million BTU (British Thermal Units).
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NYMEX:NG1!
