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As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
Nat gas made a bullish reversal today. Closing up over 6%
Natural gas has recaptured the short term trend and is trying to establish a new bullish range.
If Nat gas holds above the key $1.8622 level we will have a quick squeeze to $2.25
Oil continues to grind higher. making new higher highs and higher lows.
Oil is now on watch to target $90 a barrel....
#Natural Gas Retesting the previous bottom
#B0 level buyers in Daily Time Frames
#Strength improved -54 vs -18 is a good sign , Positive score and + 19 will be celebration score ahead.
#Weekly Monthly time frames are still in bearish Mode so we may see more retesting of bottoms or new low.
The diagonal we identified last week has been confirmed. However, its fifth wave taken out the prior low, making some aspects of the previous scenario irrelevant.
In the overall scheme of things, this doesn't change anything other than adding assurance to the scenario with a larger falling diagonal, which we began considering a few weeks ago.
A quick look at the daily charts of the 4 tickers above.
SPX wonderful rally today.
NDX huge 30 min rally late into the day.
Oil moves higher & bullishly consolidating
Natural Gss looks bearish down here.
Those who enjoy being on the short side of the market currently find their luck in NATGAS. Although there was an impulsive increase on Wednesday, it seems to have been short-lived. Therefore, it is to be expected that NATGAS is embarking on a new bear market rally and recent lows will be undercut once again. After reaching the indicated price target, further...
Natural Gas is appraoching the apex of a wedge pattern.
The Apex is the very tip of the triangle where 2 trendlines meet.
Price will likely have to make a move by April 3 or sooner.
As for which way will price break is anyones guess, but probabliietes are slightly swaying lower.
Signs of accumulation are being observed in the resource stocks. So a bottom is...
As pattern often repeat themselves, natgas operate in his bottom area 1,50 /2,00 and can evolve in this range few times.This recent downfall brought the price down and its a good spot to try long since i can see it pushing up before any more downside. in larger timeframe rsi provide us a bullish divergence and is oversold but i tend to not give too much...
#Natgas The triangle we had projected as an option in the weekend update did not materialise. The price breached the guidelines. Reassembling alternative scenarios leads me to the concept of a diagonal.
I showed the contracting diagonal, which is the most common, but an expanding one is also possible.
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In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
today NATGAS analysis 👆
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🟢What is The Next Opportunity on NATGAS Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Compared to the forecast we published two weeks ago, the natural gas prediction turned out to be 100% accurate. A comparison of the 1 hour charts is shown below.
Though I was able to accurately predict the exact shape of the recovery from the recent low, I was uneasy about the longer-term outlook.
On daily chart I repeatedly expressed my discomfort with the lack...
Nat gas continues to show some short term weakness.
Its now shaping up based off an RSI divergence that Nat gas could make new lows.
The fact that we had a bearish crossover of the 7 MA & 20 MA is never a good sign.
Sellers clearly took control over price and forced it back below the neckline.
The 100% downside move of the head & shoulders that triggered...
Europe is full with gas, and the winter is soft, and blah blah blah.
Let's see through technical glasses, 0.886 level is strong level, I expect that gas will reach it, mot probably even brake it, and afterwards we seek for golden pocket and 0.5 fib.
Support and resistance, baby!
