Natural gas retreats to support after inventory report release yesterday, April 25th
Natural gas prices pulled back to support after the release of the natural gas inventory report yesterday, April 25th. The report showed a higher-than-expected increase in natural gas inventories. According to the data, natural gas in storage rose by 92 billion cubic feet,...
$NG1 PEPPERSTONE:NATGAS #NaturalGas is now testing a 33 years old wedge for a bit more than 12 times. Any close below 1.50 causes a free fall, however, there is a descending lower channel wedge extending since 2009 around 1$.
Natural Gas Prices Rally Amidst Geopolitical Tensions and Market Sentiment Shift
The price of natural gas is staging a recovery, currently trading around $1.80 as of the time of writing. Preceding any technical analysis, it's important to note that the US Dollar Index is experiencing a slight decline, as market sentiment favors risk assets over safe havens and...
■ Natural Gas has break out of the 2 month range with a strong gap above 1.945 resistance turned support.
■ While prices are still trending below the kumo/cloud, the bullish twist of the kumo is indicative of a strong bullish sign. .
■ Momentum indicators are showing strong signs of bullish sentiment and hence, there is a strong possibility of natural gas...
Hello,Traders!
NATGAS made a gap up
Then hit a horizontal level
Of 1.989 then made a breakout
And the breakout is confirmed
So we are bullish biased
And we will be expecting
A further move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Natural Gas (NG1!) has been posting Higher Lows, three so far since the February 20 Low, despite the fact that it remains within a Channel Down since the October 27 2023 High. This might be a short-term trend change similar to the Channel Up that started on the April 14 2023 Low following a sharp and long-term selling sequence. Notice also the Higher Lows Bullish...
These levels offer guidance for traders interested in trading NG MCX Futures in May, providing specific entry points, target prices, and stop-loss levels to manage risk.
Range Point: 160.50
Weekly Range: 7.00 points
Buy Above: 164.53
Average At: 163.70
Buy Target 1: 164.83
Buy Target 2: 167.50
Buyer Stoploss: 162.20
Sale Below: 162.87
Sale Target 1: 156.17
Sale...
✅NATGAS made a massive
Gap up from the support
But after the gap the price
Immediately hit a horizontal
Resistance level of 2.00$
From where we are already
Seeing a bearish reaction
And I think that we will see
A further move down next week
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
On a seasonal basis over the last 30 years the price of Natural Gas begins to rise now into August. This year's price is tracking very closely to the historical price. I think we're about to rise at least to $2.55.
NYMEX:NG1!
Clearly 160 seems to be a strong resistance however the bottom rising structure also showing strength. Slowly making higher lows marked by red circles. In my view traders should watch gaps pending on both sides and try to enter as low as possible. In a midium term view as soon as this triangular structure gets broken on higher side upside gap will be filled.
This...
