Type: Bearish Momentum
Resistance: 600.5
Pivot: 516.5
Support: 327.8
Preferred Case: On H4, as the price moving below ichimoku cloud and descending channel , we have a bearish bias that the price may drop from the pivot at 516.5. which is in line with the overlap resistance to the 1st support at 327.8, where the 127.2% fibonacci extension is.
Alternative...
The situation that has developed in the energy sector is rather complicated but not critical! Since the beginning of full-scale hostilities in Ukraine, natural gas prices have soared by almost 200%, and this is taking into account that the heating season has almost come to an end. The issue of gas supplies to Europe is one of the key issues in this matter (in my...
Thursday, 20 October 2022
16:13 PM (WIB)
Natural Gas is entering a bullish area as it broke 61.8% but still heading to 78.6% or even more low.
I’m expecting the price could hit the ground support for more easy and minimalist risk to trades.
If the price reaches the ground support, the Head and Shoulder Structure Patterns would be the best direction to trade.
So price action has continued to fall and I'm leveraged a bit now. I put in another Buy order at 5.5 wondering if tomorrow is the day when price action rebounds because of the storage report. Who knows - it's anyones guess. Price might fall down to 5, I dunno.
But if it rebounds tomorrow, I'll be in good shape. Price has continued to fall because of warmer...
Super oversold but tapped the daily demand zone today. I'm long some BOIL for a short term bounce. Hedge on the increased heating bills to come this winter lol.
Natural gas has been extremely volatile this year and has recently broken below major trendline support and continued selling off. Even with the volatility we have seen, with sharp moves higher followed by sharp moves lower, the market is still up almost $2 on the year, and we are looking to test a strong support level from the July lows. This market is the most...
Type: Bearish Momentum
Resistance: 600.5
Pivot: 516.5
Support: 327.8
Preferred Case: On H4, as the price moving below ichimoku cloud and descending channel, we have a bearish bias that the price may drop from the pivot at 516.5. which is in line with the overlap resistance to the 1st support at 327.8, where the 127.2% fibonacci extension is.
Alternative...
(BG) GAS appears to be nearing the completion of a large flat A-B-C structure. monitoring for long setups. Looking for an RSI divergence and a low below 5.35 then start collecting/building small positions. The 5.00/4.65, .618 fib, and major yellow trendline price should provide support for a bounce. If count is off by a wave It could bounce before then so keep...
Each day we hear about energy crisis, but not that much about the 40% drop on natural gas in the last 2 months. 20-22 price action looks similar to 99-01. More weakness coming?
Look like it is playing out just like the last massive inflation cycle we saw. There was no indicator of the Russia Ukraine war at the time of posting the original wedge. Having posted this two years ago at the beginning of the blow off top and seeing how things unfolded. I will be hunting more cycle plays like this one
So price action has dropped like crazy for NG...I still have my Buy order at 7 so I added another Buy order at 6.
I think the lowest price will go will be around 5.5. I will put another Buy Order in at 5.5 if it gets that low, otherwise I will ride the price action back up to infinity and beyond!
ok....maybe just to 10 or so.
Anyway, stay safe everyone - as you...
✅NATGAS was trading along the rising support
But now we are seeing a bearish breakout
So I am bearish biased and I think
That the price will fall down
To retest the demand level below
SHORT🔥
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Hello,Traders!
NATURAL GAS is going down
But a horizontal support level
Is ahead so after the retest
A bullish rebound is likely
To happen with the retest
Of the target level above
Buy!
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See other ideas below too!
For the last few weeks, NG has been consolidating as the other financial markets move all over the place.
The bearish head & shoulders pattern from June/August may not apply anymore due to the flattening. In previous natural gas declines (like late 2005-early 06) it would decline quickly and sharply after showing this sort of pattern. This does not look anything...
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...
