1.23.23 I looked at the two markets that I talked about earlier this morning. This video is all about gaps. You should listen carefully. There were a couple of minor Mistakes that I made..... not really significant. However there was a mistake it should be corrected: At the end of the video I made a statement that the current price had closed the gap on the...
Well, looks like the big boys gapped the price up from the weekend and away we go.
Will price stay up this week or fall back down to the 3-3.2 level....good question. Colder weather? War?
Trade safe and keep an eye on your trades...price action can change at any time.
Heiko
1.23.23 On Friday natural gas came to support area, but there was no sign of buyers until today when the market made a small gap higher. This is what would trigger a buy signal with a small stop. If we get stopped out, there may be another chance to look for buyers.
In our previous article, we discussed impulsive wave C and its continuation. On 20 January 2023 , Price achieved our all given targets.
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Timeframe :
MCX Natural gas has accomplished the corrective wave B and started falling for impulsive wave C. Price has given a reversal from previous wave C,...
Natural gas gapped up significantly and Crude oil touched the top of a triangle and subsequently traded a 15 minute 50% Fibonacci. Trade these things down and and use the highs of the Asian session as stop losses.
This is not the first time we look into Natural Gas (NG1!) and its long-term patterns. We have coined its Multi-year Cycles Theory in the past and it is time to extend on it a little on the 1W time-frame.
Typically investors ask us for 1D analysis such as the following we published 2 months ago (November 24 2022) and helped us identify the conditions that would...
As you can see from the chart, somewhere between 2.8 and 3 is where the outside Linear Regression line is and that is where price will probably stabalize for the next while, until some force pushes price up....either weather, the War, Politics or some combination of all 3.
Keep a close eye as 3 is a Support level. Weather is supposed to turn colder also,...
Hello,Traders!
NATGAS is trading in a
Downtrend and the price
Broke a key horizontal
Level making us even more
Bearish biased so I think
That GAS will keep falling
Sell!
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See other ideas below too!
Fibonacci Extension measured from $4.75 low to $7.60 high shows that $2.989 level coincides with 1.618% extension and on this basis we think that the current bearish drop can pause at $2.989 and start a short term rebound towards resistance zone of $4.75
The rebound rally will have several twists and turns en route to $4.75 destination.
However, this is our...
The price of the Natural gas is good for the most of the emerging market, The falling price also help in the most of the Euorope union nation because this is help to power supply. Now the natural gas price is the near to the Average price.
✅NATGAS will keep falling
Because it is in the downtrend
And recently broke the key level
So we will be expecting
Bearish continuation
SHORT🔥
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NG1! still bearish, but the slowing pace of down moves shows the price may enter a consolidation state. Has a lot of upside space that is constrained by fundamentals (weather included). An upside breakout from the potential forming wedge, will trigger buyers' attention.
Butterfly still in play
1) XB should be 0.786. Here we have 0.794 so I would accept it. Tick
2) AC should range between 0.392 to 0.886. Here it is 0.774. Tick
3) BD should range between 1.618 and 2.618. Here it is 2.128 . Not complete yet but Trending!
4) XB should range between 1.27 and 1.618. Here it is 1.493. Not complete yet but Trending!
Let's see what...
Daily NG analysis
A long position with the target and stop loss as shown in the chart
The trend is up, we may see more upside
All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments.
He gave a signal from the strongest areas of entry, special recommendations, with a success rate of 95%, for any inquiry or...
Natural gas is in the process of forming a double bottom (the db is not yet confirmed), and as noted in my BOIL idea has already entered a Bullish butterfly pattern on 4/6/12h timeframes.
pt1=4.984 Expect bearish retracement from that level back to retest the double bottom low before moving to pt2 level. I usually trade bull butterfly by taking 100% profit at...
