Can NG go lower? Yes. Weather forecasts show a huge drop in demand while production is at an all time high. More than 50% of NG is produced as a byproduct of oil drilling. It costs nothing to produce. In this environment, traders need to accept that the average price range of NG has significantly lowered and 2.00 may become the new 2.50. Both our short range and...
Hello traders, hope you're doing good. Here we share our technical analysis considered to fundamentals and future price actions. We believe that this trade setup will help you to gather some required info for your trading. And we highly recommend don't follow the trade setup unless it means the confirmations as described or without our call. If you want to...
I'm bullish in the short-term and through 2020.
- Natural Gas ($2.327) is currently sitting below the 20d ($2.37), 50d ($2.56), and 200d ($2.8) MAs.
- The recent retest of the 13-year falling trendline (orange) should also strengthen bull cases. In 2016 the trendline changed from resistance to support. And most recently in August, Natural Gas bounced off this...
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...
Hello Traders, today's daily candle is showing us that there is a good price drop in natural gas , but the volume isn't the favoring the price action anyway which maybe an indication that this could be one of the last sells left in the current trend, yes there can be more sells we must remain open to that but currently the move isn't supported by the volume and...
S-1 = 2.310
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NATGAS is in the Range Channel.
The huge chance that it will rise from the lower border to the next resistances.
Potential profit will be in 3...5 times bigger than risk.
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