Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
As it is seating on the monthly demand area which only had its first test in long term
so we could say its a strong demand area only looking to take long positions
Limited downside and now price holding multi-year support level, coming weeks expecting some big correction upside but market demand also very low.
Support Levels:
S-1 = 1.780
S-2= 1.700
Resistance Level:
R-1 =1.890
R-2 =1.999
NATURAL GAS Price has been fallen continue since many Years , so i am expecting One drop possible aacording chart pattern, we can see new bottom which is around 1.50 Dollar.
Let see How Price Gone.
ThankYou & All the Best
Natgas has reached an important pivot point.
we have a perfect confluence of 618 retracement, resistance line of a falling channel and rsi swap.
I believe that the market may drop to the downside and soon we will see the retest of the current structure low.
Please, support the idea with like! Thank you!
In my previous analysis, I said early for trade.
I think it can be tried now.
Because there is a negative appreciation of the pair independent of the general economy.
That's why I said in my previous opinion that the ascension could be very powerful.
Maybe this is the right time.
We should stay in the game, but taking a reasonable risk from our capital.
I think...
Looks like Long here.
Long:
Make sure the candle color transitioned from Black to Blue / Red to Green .
The Strength-meters must be always 4 and above within current and previous candle,it is nothing but group of top performing indicators designed by me,Used 7 indicators to predict this.
Minimum 4 or above (Strength-meters 1 2 3 P D Up/Dn Likely ,PSAR,Moving...
I am currently long for the first scenario shown.
If there's a sustained break below the current low support line I will exit and look for a new long for the second scenario shown.
After Friday's drop I started to analyze Natural Gas with watching the fundamentals much closer. Cycles alone are simply not enough for predicting future price in this volatile commodity.
Earlier this year I posted this idea :
I still think that we printed the 3 year cycle low back in...
at the moment of writing, NGAS is at the 1.845 level and is forming an accumulation level where an upside breakout will evolve.
we are closely watching for fakeouts on the top and bottom.
natty's been a bit difficult, but has just made a very constructive move off a key level that fits perfectly for a low, im going long on a pull back likely into report thursday or sooner
![NATGASUSD: NATGAS BUY TP_2.170_12.79%_0.246pips_]SL_1.865_3.07%_0.059pips](https://s3.tradingview.com/f/fPknP4KJ_mid.png "NATGAS BUY TP_2.170_12.79%_0.246pips_]SL_1.865_3.07%_0.059pips")
