Natural gas is increasing in value due to several factors: the unprecedented wildfires in Canada that are ravaging the country and are disrupting the production throughout the province of Alberta; Reuters also reports that Russian pipeline exports had declined 11.4% this month compared to April’s average, putting an additional hold to the fuel supply. The RSI is...
Natural gas is packed in a tight falling wedge pattern. It is at historic support too, going back to August of 2019. Another point worth mentioning is that the price of natural gas defended this support on February 22nd of this year and produced a >40% rally, peaking on March 3rd. Virtually every timescale from the minutes to the weekly show positive divergences...
Wait for the small trend (blue line) to be broken upwards with confirmation of retest and rejection and from there you can enter LONG. We have interesting news from SAPPORO, which announced today that they will reduce GAS production, but, a big BUT, they mentioned that they will temporarily stop investments in this sector. On the one hand, this can scare small...
Majority of traders are loading up on their AMEX:BOIL longs and natural gas futures long positions. This is why SSL will be grabbed first between $1.5 to $1.7 before price can increase.
If you see the majority of traders saying that the bottom for natural gas is in, then you should be sure that it isn't. I predict that natural gas will take out these equal lows at 1.91 and we will see 1.784 soon. The uptrend will start when no one will be talking about it. Unfortunately, the majority of traders are in long positions and due to market...
LONG TRADE ON NATURAL GAS / 15min Time Frame The trade will be aviabale just now...
UNG (US Natural Gas ETF) has formed a double-bottom price pattern on the Daily chart. The Price has found temporary support above $8.21. Support Price Targets are: $8.21, $8.16, $7.72, $6.11. Resistance Price Targets are: $8.99, $9.93, $10.97, $11.97. UNG etf does not always correlate & follow technical analysis charts. Be aware of global fundamental news...
Natural Gas touched double minimum and following trend line will go up.
long position establishing here again. this trade is risky. I see a bullish continuation pattern a Cup and handle to be exact. the breakout is not confirmed. however the Ad is showing an ascending triangle on lower time frames.
Nat Gas got another daily positive close. This chart is looking ultra bullish and we may get to witness one of the greatest short squeezes.
Title: NATURAL GAS Futures (NG1!), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 3.520 Pivot: 2.623 Support: 1.968 Preferred Case: Looking at the H4 chart, my overall bias for NG1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. To add confluence to this bias, price has also broken above the...
Discussing the latest Nat Gas price action and Inventories.
✅NATURAL GAS broke out of The range and as the price Is in the downtrend I think That we will see a bearish Move down towards The target below SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Nat gas got slaughtered on Friday and made a new low. When will the price action turn around? at this rate could we go negative?
Lots of price action to digest. The markets a had an epic reversal along ng with many stocks. We cover all the major market trends & indices.
Nat Gas/ UNG is into massive support and completely oversold on the daily & weekly time frames. Everyone wanted nat gas at +$9 but no one wants it below $3. Funny how markets work. We are long Nat Gas in anticipation of a 25-50% bounce over the next 2-6 weeks.
My previous call on natural gas made Sept. 19 has come to fruition, achieving all three targets, and in a shorter than expected period of time: Natural Gas / NG - It's Officially a Bear. Now, Hold My Beer The question I've asked myself for the last few days is simply: Now that the June lows have been taken out, is it time for a reversal? And frankly, I...
Natural Gas has been hammered over the last couple of weeks and It's about time it took a turn to fill in the gaps; beginning with the most recent one yet to be filled. Strong positive RSI divergence on the daily, alongside oversold hourly, weekly and monthly RSI. It's still freezing cold with many winter storms across the USA so I can't see Natural Gas being...