Pattern: Channel Up on 1D. Signal: Buy as the price bounced on the 1D MA200 which has been holding and acting as a buy entry since March 31. Also the RSI bounced on its multi-month Support level. Target: 3.350 (right below the Resistance). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Hey , the natural gas trend has been changed and the script is bullish at the current market scenario. There is a good position in the swing long. Long: 209 Stop loss: 180 Target: 254 Time frame: 4-8 weeks
Quick observation here. NG traders that are deep into the commodity's technical dynamics agree that Natural Gas is trading on patterns that are cyclical on the very long-term. If cyclical behavior and seasonality play a big part on this, then why should the month of October be any different? Every 4 years since 2012, NG makes a bottom around March-April, then...
Pattern: Channel Up on 1D. Signal: (A) Buy as long as he price trades above the 1D MA200 (orange line) (B) Sell if it breaks below it. Target: (A) 2.700 (right below the Resistance) (B) 1.650 (right above the Support). *Note: the RSI is near its 1 year Support Zone. Only once this failed to initiate a bullish sequence. ** Please support this idea with your...
Regular divergence Overbought R1 Pivot Short order at R1
Pattern: Bullish Megaphone on 1D. Signal: Bullish as the price bounced off the bullish trend-line. The 1D RSI is on an ascending Channel since February, indication that the bullish trend is getting stronger. Target: 2.050 (Resistance). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Pattern: 1-month Channel Up Signal: Bullish once the MACD turns bullish within the Triangle. Potential rebound zone as seen on chart. Target: 2.030 (Resistance 1). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Pattern: Channel Down with underlying Bearish Megaphone on 1D. Signal: (A) Bearish if the price breaks the MA50 (blue line), (B) Bullish if the price breaks above the red Triangle. Target: (A) 1.500 (just above the Support), (B) 2.140 (projected contact with the MA200 (orange line)). Previous successful Buy Signal on Natural Gas:
Pattern: Channel Down on 1D. Signal: Bullish once the MACD makes the bullish cross. Target: 1.700 (projected +15% rise from the low). Previous signal:
Going back to 2.375 by the end of next week if warmer weather and NatGas Storage numbers are supportive...
Pattern: Channel Down on 1D. Signal: Bearish as the price was rejected on the Lower High. Target: 2.155 (the previous Lower Low and current Support). Extension can be made to 2.000 for risk seekers.
Pattern: Channel Down on 4H. Signal: Bearish as the price is near the Lower High. Target: 2.350, which is the expected Lower Low based on fractal analysis.
Pattern: 4H Channel Down. Signal: Bearish after a Lower High was made yesterday. Target: 2.641 (estimated Lower Low).
Pattern: Fibonacci retracement. Signal: Bullish as it rebounded on the 1M Suppport Zone. Target: TP1 3.450 (0.382 Fibonacci) TP2 3.720 (0.500 Fibonacci).