Technical Analysis:
- NG is doing a bounce in wave ((1)) in black. We expect that this bounce will continue
- H1 right side is turning down
- H4 right side is turning up
Technical Information:
- If you didn't buy yet, you must wait for the wave((2)) in black to be completed in order to buy
- And if you want to buy now, you need to put stop-loss around 2.43...
NG is moving in a parallel range, tried to break, but looks like it was a fake breakout. Again inside the channel, can sell and aim for 2.771 levels, as also that region has a gap which needs to be filled.
Technical Analysis:
- Natural Gas is in a weekly edging buy area and any moment it can bounce once wave (5) in blue will be done
- Anyway, the big probability with actual data is that a small extend could happen in the wave (5)
- H1 right side is turning down
- H4 right side is down
Technical Information:
- If you're a position trader or long term...
ahead of the heating.
Everyone needs gas.
The war will make gas more expensive.
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
after we have had a large volume which means the end of the down trend we will wait for the confirmation of the breakout of the range and we can take the buy position
I think oil and natural gas are pretty stretched technically and even though there is a real shortage in certain goods out there, the market will eventually take down the commodity with it. It's tough that they will crash markets massively, so there's a flight to dollars to defeat the ruble going on with a fight on inflation , real or imagined. I don't think it...
I think oil and natural gas are pretty stretched technically and even though there is a real shortage in certain goods out there, the market will eventually take down the commodity with it. It's tough that they will crash markets massively, so there's a flight to dollars to defeat the ruble going on with a fight on inflation, real or imagined. I don't think it...
Hello ladies and gentlemen, according to my chart analysis of the natural gas futures, there is a high probability of a price drop to 3,800 in the next few days!
In the coming days, gas is expected to experience lower prices in the form of a speaker pattern. I think we should see a calm trend.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad❤️🌹
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
Natural Gas is still on an up-trend and still going strong. "The prevailing trend is in existence until it is proved to have been reversed." ---> this is a very important concept that most traders tend to disregard.
- At this moment NGAS still looks bullish, so every time a buying opportunity presents itself I will take it, but, I will only take short-term...
There are lots of corrections currently in NGAS, but this is nothing new, this is quite common in NGAS. 2 big corrections in a row often happens.
- Right now we have an impulse, and a 3-wave corrective structure, the up-move is in play and a high probability play.
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or...
I meant to write that it's -------- a Running Flat ------------
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of...
For now, it looks like the bigger picture is climbing steadily towards previous highs. On lower timeframes there have been lots of good buy-setups, we're in the middle of the structure now, so being patient and waiting for good quality R/R buy-setups is a good idea.
The volume on the monthly has been declining as well because we have been correcting. A spike in...
