This pump was very weird, going up constantly on declining volume. Hit the previous high for a moment and immediately started crashing. There is a MFI bearish divergence on weekly chart as well.
Short. What else to do. Expecting a full retrace down to $6 ish.
The price of natural gas has been stable for two days and is in the range of $5.40-$5.60. We currently have support in the MA20 and MA50 moving averages, and now we need a break above $5.60 to try to continue the price recovery. Potential higher targets are $5.80 and $6.00 levels. We need a negative consolidation and a retest of the $5.40 level support for a...
During the Asian trading session, the gas price fell to $ 6.00, confirming support at that level. The price didn’t stay there long and began recovering to the current $ 6.24. We can expect to get support in MA20 and MA50 poker averages at this level. That would be a positive move that could push the price to the upper resistance zone at $ 6.60. For the price, it...
The price has been stable for the last 48 hours and ranges from $ 9.20 to $ 9.40. We need a break above $ 9.40 and consolidation above that level for the bullish option. After that, a continuation of the bullish trend could happen. Potential higher targets are $ 9.50, $ 9.60 and $ 9.80. For the opposite bearish option, we need a break below $ 9.20. MA20 and MA50...
The price of natural gas has fallen out of its rising channel, and the price is down 3.84% today from the start of trading tonight. From yesterday's high of $ 8.50, the price has dropped to the current $ 7.88. The drop in demand and the end of the heating season are also the reason why the price could retreat to the previous support zones. Today's potential...
We made a high and a higher high then formed bearish divergence and are now potentially making a new lower high at what is the PCZ of a very promising Bearish Butterfly
The price of natural gas formed its maximum at $ 8.87 on Friday but withdrew very soon after that. The price dropped to $ 7.69 at the beginning of the opening of the Asian session. Since then, we have been in bullish consolidation, and we are now at the $ 8.12 level. If this trend continues, we can expect the price to rise to $ 8.35. A very important zone is at...
We maybe looking for a Moderate Pullback on Natural gas as it is at the PCZ of a Bearish Bat Visible on the Daily with Double Bearish Divergence on the RSI.
Perhaps not just possible, but likely.
EU must start buying LNG gas from American market as it has vouched to reduce imports of Russian gas by 70% by the end of the year.
Check the chart, NATGAS has broken out decade old channel, and retested it. This is as bullish as it gets.
OANDA:NATGASUSD
Hello Traders,
Here is my Daily timeframe price action analysis.
After reaching a 12 year high in October 2021 of 6.409 , the price trended downwards to the current yearly low and key level of 3.6 , which was respected multiple times throughout 2021.
We see a turn around in the daily trend at the key level of 3.6 and have been trending...
guys if you like my idea you can follow me......natural gas USD it form a ranging pattern ,either it retrace the support and breakout but the lookout for resistance breakout
the Russia invading Urik.. will come with an impact on the market ,as it on going Russia hold most of resources such as oil ,gas ,wheat the other resources have shown spikes an retrace continues movement come in after that natgas it might hit new world high high
OANDA