After loosing -19% from the high of $2.708, the price chart of NATGASUSD has shown a sign of bullish reversal on the 3hours ttime frame chart.
The Right-Angled and Descending Broadening Formations can act as a bullish continuation or bullish reversal chart pattern.
The right-angled and descending broadening chart pattern beats by one percentage point the...
Permian Natural Gas Flows to US Southwest Remain Stronghttps://www.financebrokerage.com
Permian Basin Oil and Gas to the Southwestern United States’ natural gas failed pipeline to lower flows, although the Gulf Coast Express pipeline started. The flow will likely edge to reduce prices in the region in the coming days.
On September 25, the Gulf Coast Express...
I am counting on a price surge for natural gas as winter is coming (not a Game of Thrones reference I swear). To think the demand for gas to heat up homes during colder season is not a far off assumption. It is October and probability is natural gas would surge up by mid-November, the soonest. Right now, I am still bearish due to technical chart reasons. There are...
A technical pattern which has had a virtually 100% success rate is in effect now: look for positive and negative divergence on the CCI, coupled with a PPO-9EMA crossover and a break of support or resistance. There has not been a crossover on the PPO yet but it is flattening out nonetheless. Right now I highly suggest scaling into UGAZ and setting a stop below the...
I was asked to share my thoughts on nat.gas :)
on a daily the market has reached a key level of support:
conjunction of horizontal support with a falling trendline of a broken channel and rsi divergence.
I think that buyers will push the market to higher levels.
Key levels of resistance are:
There have been a few trend reversals in the past couple weeks for NATGASUSD. These reversals occured right after Divergences of Price vs. Momentum. Currently, AutoDivergence signalled a bullish Divergence. In this case AutoDivergence also includes an RSI-filter to add an extra confirmation to this signal.
Looks like a perfect time to enter a long position!...
Perfect Elliott Impulse Wave has been formed in the downtrend and below notes on History and Projection:
• 0 to 1 – 0.168 Retracement
• 2 to 3 – 1.168 extension of 0, 1 & 2
• 3 to 4 – 0.382 upward retracement
• 0, 1 & 2 is same size of 3, 4 5 (as highlighted in Yellow)
Now considering the Impulse wave have been completed, we may see correction in Natural Gas...