Natural Gas will only rise and have great potential for longer-term.
Buy every time when price forms new recent lowes and look for strong rise and hold if don't rise sharply then take profit and wait for the price to test the previous bottom or wait for the new low.
Or wait for my lower time frame updates.
Natural gas is approaching a rising trend line on a daily.
on 1H the price has formed a double top with a lower high breaking and closing below 1.62 minor support.
now the price may go lower.
Natural Gas is trading within a Channel Down (on the log scale) on the 1W chart (RSI = 45.584, MACD = -0.111, ADX = 31.401) since 2009. This pattern provides very accurate Cycles, bullish when a Lower Low is made (green arrows) and bearish when a Lower High is made (red arrows).
At the moment the price has just made contact with the Lower Low trend-line, making...
One week after our initial analysis NG is already recovering! If you went long last week move your SL to cost, unless NG goes above 2 and holds, we remain in the bearish channel and could test the low one more time. Long term outlook remains very bullish.
Strong Bearish Signal:
The price demonstrated a huge drop supported by large institutional volume and broke through the previous support level. Moreover, the large negative delta shows that there is a large imbalance of the sales.
We need to point out the support level 1.420 - 1.445. The price is now trading inside it.
Consider Short Positions:...
i think this idea will be specially valid if today closed above the red line. if closed below it , it is invalid. the idea is that there is a double bottom with deeper retest to the lowest in history . this might be the signal for a long term buy signal with target to 2.48 ( the previous support that was broken many months ago without any sort of retest to its...
Natural gas has had a drop above 500 pips from the top of the price at 2,000 this and because we have had a big drop in its interest in buying because of coronavirus, investors are demanding to have a stability above the price of 1,500 where can reduce the rate of production and increase demand while this would work quite well and in raising the price in the...