Hello every one If the triangle seems to be broken, maybe the gas will return from these price ranges, and I think there is a high probability that we are now at the bottom of the gas price. A triangle has been drawn that if the candles leave the upper part of the triangle, there is a possibility of an upward trend. Be sure to keep an eye on the chart and don't...
So NG started this week off with a Gap Up, not huge but still up. Question is....will it stay up and gain or is it going to get back to the 3 mark. 3 would put it at the bottom of the Linnear Regression Indicator as you can see on the chart. I'm going to hold off on any trade until I'm sure price action is going to keep going up (as sure as I can be...
Natural Gas has been hanging on key support trend line (WHITE) running from Jun 2020.. If that level gets breached, expect Natural Gas to hit immediate target $4.73 (Yellow Line). Then eventually we see the targets $3.81 (Orange line) and 3.39 (Green line) in 2023. With economy running into risks of recession in 2023, we'll see pullbacks in NG. We'll not go...
Daily NG analysis Sell trade with target and stop loss as shown in the chart The trend is down and we may see more drop in the coming period in the medium term 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...
In looking at the chart, price doesn't look good for a rebound anytime soon. I think 3 is in the cards for next week. Weather is warmer than usual across the U.S., NG prices in Europe are dropping, China might have to go back into lockdown because of Covid concerns, the WORLD is heading into a hell of a recession, even though some of the world is already into...
✅NATGAS retested the strong support level After trading in a downtrend from some time Which makes a bullish rebound a likely scenario With the target being a local resistance above LONG🚀 ✅Like and subscribe to never miss a new idea!✅
On 12.17.22 I thought natural gas may soon turn up at around 5.18. (see link below if interested). Clearly that was premature. It stayed in a down trend until now. A clear example why when something is in a up or down trend you best wait for price action (candle stick pattern, trend line break) to support that a turn around is about to occur. Then you have...
Naturalgas on reversal due to cypher completion and also as per RTM a very good level to long now.
I expect up to 30% gains on Natural Gas future contracts in the next periode.
$210 would be approximate target based on this Head and Shoulders formation on Natural Gas futures. Currently price is in a nosedive.
Daily NG analysis Sell trade with target and stop loss as shown in the chart The trend is down and we may see more drop in the coming period in the medium term 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...
See the notes on the chart. Time of analysis 6-Jan-23; price is 3.645
Hello,Traders! NATGAS has collapsed and Has reached a strong horizontal Support level from where A local bullish rebound Is likely to happen Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
follow the purple line till 55 then I'll update . you should see my other analyzes because results and follow me
Last time we gave a signal on Natural Gas (NG1!) in late November, we caught a perfect rejection and sell entry for a strong bearish December trend: As you see, the price even closed below the 1W MA100 (red trend-line), breaking its previous 1 year Bullish Megaphone pattern, so the trend is confirmed as bearish long-term. By doing so, it has formed a Channel...
Appears to be completing a bullish butterfly. Albeit .794 instead of amust .786 for AC leg. I would be OK with that won't you? Leg D in process and could go as far down as 3. Let's see what happens.
So far I dont see any long lasting up trends so I keep adding the three most bearish markets CME_MINI:NQ1! NYMEX:HO1! and NYMEX:NG1!
If this is in fact the short term bottom, the 1h chart price should break above the 1h support around the "1D support" level. However if the price continues below "1D support" a further drop may be likely.