Natural Gas Futures NYMEX:​NG1!

First target is $3.00 (The distance from the neck to the top of the head.) and then $2.80, the lower support line.

A small bearish gartley pattern has just completed. Its not in line with the main trend and for this reason we will keep our stops tight.

Natural gas reached 3.295 today, upped 19% in a month. It just the beginning of October, the weather is going mild in the next two or three weeks. So we will probably have another two or three weeks injections before the real winter coming. So i think it's still too early to chase that high, and the bulls are facing extremely high risk. Technically, we have ...

See if this pans out.

TP = 2.840 hit as the 1D Channel Down (MACD = -0.013, B/BP = -0.0240) on Natural Gas aggressively expanded to a 2.752 Lower Low. Since this value was too close to our second TP = 2.740, we decided to close all shorts as the RSI = 45.438, STOCHRSI = 53.580, CCI = -33.7393, Highs/Lows = 0 turned neutral. As NG1! is trading near the 1W 2.696 support, we are starting ...

Looking at weekly and daily candles while also understanding the fundamental reasons for NGs recent run-up it appears NG is set for a downtrend. Looking to short from here until clear signal of support being met.

We are some hours /minutes away from the completion of a bullish gartley. The trend had been bullish since a while back and therefore we are in line with the trend. The RSI is heading to around 30 meaning Natural Gas has been over sold (at least in the one hour time frame) in which case we should be looking for buying opportunities. Entry price, stops and take ...

Natural gas up >2% today. Back in my May post i was bullish. I remain so and short term we may get a pop up. Will be watching for a break up next few days from the "W" base pattern. For my longer term position I personally use use UNG. For shorter term trades I use the 3x: UGAZ when bullish and DGAZ when bearish. As some authors have noted there is a tendency ...

Sentiment optimistic, hedgers selling, net pos at -37K

NG is in a uptrend and I believed that the final cycle is reaching 3.25. Nevertheless we did not see massive dump so I believe that we will try to reach 3.45 lvls where we will face a big resistance and huge move down. Monday must be a small candle in order to confirm the sell-off started on last Thursday. After that we will see a good movement up. At the end of ...

See chart. Long breakout, Carefull as I think we are starting a downward trend for natgas.

The instrument continues to strengthen since mid-September. There are no signs of the end of the trend. Key volume support: local - price zone 3.24; medium-term - price zone 3.12! We see a continuation of the growth trend and a test mark of 3.40 in the coming days. Volumetric analysis chart in volfix https://i.gyazo.com/b9a0006e980d45cf235ea580d43c4c8b.png Who ...

Natural gas futures have been showing great dynamic. Buyers fully control the market and instantly buy back any correction. The volume level of customer support is in the zone of 3.15. We see a continuation of the growth of quotations with targets of 3.28 - 3.315! Volumetric analysis chart in volfix https://i.gyazo.com/69a6a14017a43f73058ffac6923f5dac.png Who ...

going back to < 3

Buy NG1! @ 3.113 RSI14 crossed above 60 level.

With consistence demand and winter approaching it seems NG1! is about to make it moves. Make sure you are on right side of NG1! Chart is just an idea. Let's see where it goes.

NG is now really overpriced. The bulls are exhausted and I expect a downtrend for the next month. Target 1: 2700 ; Target 2: 2500 I would put my stop loss a bit over 3060 Good Luck!

Bearish bat with reverse bearish divergence.