Don't know how this plays out in the short-term... but it will explode soon (likely this spring or summer at the latest). If it does flush lower one last time, I'm looking at the $1.30 region... hitting UBER oversold on the quarterly, monthly and weekly charts.
XNGUSD is still in oversold and undervalued territory as demand may be mitigated
by anticipation of milder weather and supplies seem to be more than adequate. XNGUSD
may move higher if either of those factors changes. The chart shows price about 15% above
support and about 60% below heavy resistance. The RSI indicator shows the faster RSI line
above the 50...
XNGUSD ( Spot Natural Gas ) on the 15 minute chart shows that it has risen to a supply and
resistance zone while the dual time from RSI indicator shows a bearish divergence in the
faster green RSI line. The predictive algo of Luxalgo for the regression line forecasts price
action to be downside. These are enough analytical aspects for me to take short...
Natural Gas prices have been dropping over the past four months due to progress on renewable energy and hot weather being among the drivers. However, market could become tighter this year, with slower supply growth and an acceleration in demand, while key US drillers have slashed their 2024 outlook. Further Middle East hostilities after the Iranian hit on Israel,...
This is my view for NG next week.
If the price breaks 1.9666 we can see some good upward movements.
if the price fails to break this level if any rejection (red pipe) we can see a price drop up to 1.83.
Circled one is good spot for any trades for the next week.
Natural gas was a standout commodity into the end of the day.
Nat gas managed to close positive when the markets were severely under pressure.
Another higher weekly close is a good sign for the bulls.
It seems accumulation is being observed through sharp selloffs and quick reversals.
This commodity has been observed to have a slight correlation with the...
Pumping here and growing in strength out of this accumulative area ❗
I think at some point we will see a third and bearish wave, but it may just be a shallow one before this really gets moving on up.
Its currently in the retracement 0.618 Golden Window and so perhaps it happens here but it could also make a higher high.
Our deeper buys at the higher time frame...
I will be honest with you, I have high hopes that this one could be the project with the biggest success, not necessarily in predicting what the market might do, but how will it act and when and even where. In other words, as usual in most nen projects, most rectangles are simulated projected potential support and resistance zones in their specific time zone, with...
Natural Gas Technical Analysis
The price broke down from a minor structure support zone.
The first 4 hours candle closed red and looks a big candle, showing an increase in the bearish volume.
The first support will be found near 1.8670 and the second support near 1.8100
Don't forget that it is very risky trading NG due to the high speculation.
You may find...
I can see main levels at 2.0053 1.9489 after immediate support at 1.91 and 1.8626 and last 1.71
If break all these supports we can see quick downfall.
I am on short side till now we can see
Bullish Butterfly with perfect harmonic measurements completing at previous low
Target one - 2.42
target two - 2.92
target three - 3.5
stops just below the low zone
4.5 x 1 = risk to reward
good luck traders
its been awhile, I have returned.
Hi Traders !
The NATGAS Price Formed a Falling Wedge Pattern.
Currently, The Price Broke The Resistance Line !
So, I Predict a Bullish Move📈
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TARGET: 1.908🎯
Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
