The price evolved from summer to end 2015 in a downward regression channel. It decided to escape towards the cloud. Retracement was not violent enough to get back into the channel as can be clearly seen in the chart. Price is now evolving in the cloud where it may consolidate for a while before attempting to break through. This would be the first criteria for a...
ABC formation could be in the making and higher prices to come? could take the odds on to see what happens.
NATURAL GAS SHORT HERE....for the target of 1.50 almost
Breaking out and consolidation will be a chance
Short Natural Gas at current levels to trade the 5th wave. Structure gets invalidated if close above 2.1 Target 1 - 1.69 Target 2 - 1.62
Looking for a close about 2.06 to confirm momentum
You can find my detailed analysis via links below. With this chart ref. to March/2016 Henry Hub futures, I'd like to call your attention for a possible pull back from extremely oversold levels. - Heikin-Ashi candle and haDelta shows selling pressure eased in last two days. We may see some short covering, with possible retracement tgts to Tenkan Sen at 2,10, or...
While WTI is recovering some, Gas capitulates. Weekly: - Price hit the lows only seen in 2012 and 2001!!! - Note that weekly candle will close on friday only. Will be interesting to see the final close. - Absolutely bearish, but I doubt Gas will be free. It looked same in 2012, actually that was the list time I traded Gas for long :-) Daily: - Bearish - Price...
*Drops Dishes* WAVES! The price action travels in waves! Now would be the time to applaud. Troglodytes. Thank you @BattleAxe for jogging my memory.
The commodity crash we are seeing today is pretty scary... In regards to Natural gas, next support level is in the low 1's, so I am hoping the recent low holds
Honestly I have no clue about the winter in US or Canada, but here in Europe it is unusually mild. Or maybe Natural Gas is simply selling off because it follows the massacre in Oil. Anyway, the tech picture is very obvious: Weekly: - Full bearish. No sign of any reversal. - The only possible resistance is ard the 2012 low of 1,90. Daily: - Totally bearish. No...
1- Winter Season Started will effect the demand. 2- Inventories are falling below 5 Yr Average. 3- About to go up if Mirror Image Completes in the Weekly Chart. 4- RSI Making Higher Lows on Every Downfall. 5- Major Reversal pattern on the Bottom. 6- Dollar Index Showing a Downside... Can trade Buy Side with Stops below Previous Lows for Next Year.