Though I am reaonsably certain in the big picture of the upward trend the near term wave count can unfold in many ways.
The long idea continues to play out on NATGAS. We had a recent retest of the upsloping 20ema which has just crossed over the 200dma which has now flattened out. First target = 4.30 Stoploss = 2.75 Crossing Event: When the 20 EMA crosses above the 200 DMA, it’s often seen as a bullish signal, indicating that short-term momentum is rising faster than the...
checking the widowmaker for old time's sake bouncing for now with stoch trying to turn up could be a quickie long but recon we deviate below this range at some point that would be your entry for a long term ride to double digits with a stop at below ATL or a reclaim of current range low sometimes 1 trade is all it takes if executed properly, trend is your...
LONG Pattern trading Target1= 3.615 Target2= 3.9 In long term it will go LONG positioning. Happy trading traders. Hope you liked the idea
A humble attempt to preempt the running flat based on moving averages dynamics (not shown on the chart).
Natural Gas retraced back to support with lower volume and formed bullish candles.
Look for your tailored entry model at the discounted level of demand and buy it up to the equal highs
NATGAS bearish downtrend/broke support from 2020/2021 but the selling pressure is really slowing down now break back above support (2.50) + break of TL resistance = rally back to 3.45-4.73-5.68 🎯 boost and follow if this helped! thanks 😏
Natural Gas - Elliott Wave Count this is an update to the previous view. Today, the market reached a new low after a few consecutive days of decline. The current reversal appears to be the start of wave C of 4. However, it is best not to rush into buying at this moment. We can anticipate another low after the completion of wave 4, which will be an excellent...
Natural gas - Elliott wave count Weekly chart seems like bearish which is completely opposite to our view which we posted earlier.. this bearish view also possible so better be careful or atleast wait for some good reversal signal to take buy. This is an update to the previous view posted.
Natural Gas: It Moved Down More Than Expected Natural gas has been very volatile recently. During these daysNG price moved down at a time when OIL and precious metals were growing. I'm not a big fan of NG as it tends to create a lot of fake patterns. However, the price is again offering a bullish pattern and it is likely to rise further. So let's see what...
After the prolific run last year, Nat Gas has struggled but now it has broken out of $3 barrier and currently testing previous resistance. Seasonals are good here with up to mid of November, suggesting higher prices. Any unwelcomed activity in Strait of Hormuz can really send Nat Gas flying.
An alternative to previously posted bullish scenario.
Natural gas prices across the US and Europe surged into multi-month highs this month, as the attack of Israel suddenly brought huge concerns around a Middle Eastern conflict that could have huge implications for trade and energy security going forward. Qatar is one of the main nations who could have significant influence over the coming weeks, with the country...
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
price intercepted weekly 50ema. RESISTANCE. hovered little above to test the previous bottom. which again is a resistance. Double top formed at the top in 4H time frame. going short. stop loss above today's high.
I may be just about right soon for wave (iv) to finish. Alternatively, wave c of (iv) can take the shape of diagonal.
As the chart shows, yesterday, the price of gas rose above USD 3.60 for the first time since January of this year. It can be assumed that events in Israel contributed to the price increase, since the Middle East is an important supplier of gas. However, note that the bullish momentum started much earlier — gas prices have risen approximately 20% since the...