Nice five waves down and now contra-trend rally on Natural gas. Price moving into Fib resistance @ $7.5-$8
Today Natural Gas is so far down 7%. I can see that there is a strong support zone just under where we are now but if the price heads lower than that we could see the topping pattern of a head and shoulders form.
Naturalgas in day time frame.after long downtrend it is going to reverse trend. The chart i analysis and sharing only for study purpose
In my last post last week, I gave several reasons as to NG declining in price. I said that it would probably get down to 6, maybe lower. It opened tonight in a Gap Down situation and now sits around 5.8 - crazy low. What will it do this week? Good question... I'm thinking it could get as low as 5.2, maybe touching 5 in a low 'rubber band' touch one day this...
NatGas going to $10 was one of the...wait for it.....'safest bets' that analysts were calling for just a few months ago. Europe's energy crisis ignited fears of a global contagion that all but ensured that all forms of energy would soar. So what went wrong? Wise ng companies used every opportunity to buy ng and add to storage ahead of the start of winter. ...
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11. 29. 22 Stop and reverse trading: Part 1. Because of my eyesight and physical disabilities, it is exceedingly difficult for me to fill in this section. Either I talk or I walk.
Mcx Natural gas today mager levels update I will the levels in chart
I work under small risk and big profit with help of support and resistance. Make sure take risk accordingly
Hai friends today Natural gas hit sell target . Wait to conform to buy
Mcx Natural gas Monday leaves I given chart today market major leaves
As you can see from the Daily Chart, price action is at the outside of the Linear Regression so it's possible this week price action could drop...maybe under 6. 1 - late last week both European AND UK NG price dropped 2 - Weather is looking steady, certainly on the cooler side, but still no snow really in the forcast for basically all of the U.S. 3 - China is in...
There's positive scenario with possible fractal super cycle new round. Dotted line - another model alike 1995 cycle.
A difficult situation has developed in NG. Inventory and supply issues pushed the price to record levels. Our preferable scenario is to rally up NG to $12.78, falling below $4.77 will change our view on NG.
Extensions for ABCD patterns; Fibonacci retracements; We looked at Microsoft and Natural Gas
Natural gas is showing bullish signals on the weekly time frame. Here’s a long opportunity. => Exit at first reversal signals (basically from fondamental news).
11.25.22 I talked about oil and natural gas. The main discussion was on oil because door stop and reverse patterns that I want my two students to focus. I want them to battle through this, even if this causes physical injury because of a difference of opinion... because I think this will help them. Even if they are not stopped and reversed Traders, The Dynamics...
Natural Gas (NG1!) hit yesterday the Lower Highs trend-line of the August 22 top and today we see the first signs of a rejection. Until this breaks decisively, we can expect NG to pull-back to the 0.382 and 0.236 Fibonacci levels. Based on the 1W RSI though, which is on a Falling Wedge since the October 01 2021 High, there is still some room to rally, and if...