Natural Gas Outlook: Bearish signals dominate NATGAS with a Head & Shoulders pattern, Shooting Star, and Bearish Engulfing on the chart.
Technical Indicators: RSI is declining, and MACD shows bearish momentum, supporting further downside.
Weather Impact: The UK forecast for the next two weeks shows mixed conditions—initial sunshine but turning unsettled with rain and wind.
Heating Demand: Temperatures will range between 2°C and 13°C, potentially affecting natural gas consumption.
March 28-31: Breezy conditions with low clouds and occasional showers, possibly moderating demand.
Market Reaction: UK NATGAS price projections show stability around 58.2 on March 28 and 57.7 on March 31.
Key Resistance & Support: Watch $4.00 resistance and $3.60 support for potential breakouts.
Bearish Confirmation: If price closes below $3.80, further downside towards $3.50 could be expected.
Fundamental Factors: Geopolitics and supply dynamics still play a major role in volatility.
Risk Management: Monitor weather updates and gas storage reports for potential reversals.
Short-Term Traders: Bearish entries could target $3.60 with tight stop losses above $4.00.
Long-Term Investors: May look for buying opportunities near strong support zones.
Caution: Unexpected cold snaps or supply disruptions could invalidate bearish scenarios.
Stay Updated: Keep track of weather forecasts and fundamental changes impacting demand/supply.
Not Financial Advice: Do your own research before trading.
Technical Indicators: RSI is declining, and MACD shows bearish momentum, supporting further downside.
Weather Impact: The UK forecast for the next two weeks shows mixed conditions—initial sunshine but turning unsettled with rain and wind.
Heating Demand: Temperatures will range between 2°C and 13°C, potentially affecting natural gas consumption.
March 28-31: Breezy conditions with low clouds and occasional showers, possibly moderating demand.
Market Reaction: UK NATGAS price projections show stability around 58.2 on March 28 and 57.7 on March 31.
Key Resistance & Support: Watch $4.00 resistance and $3.60 support for potential breakouts.
Bearish Confirmation: If price closes below $3.80, further downside towards $3.50 could be expected.
Fundamental Factors: Geopolitics and supply dynamics still play a major role in volatility.
Risk Management: Monitor weather updates and gas storage reports for potential reversals.
Short-Term Traders: Bearish entries could target $3.60 with tight stop losses above $4.00.
Long-Term Investors: May look for buying opportunities near strong support zones.
Caution: Unexpected cold snaps or supply disruptions could invalidate bearish scenarios.
Stay Updated: Keep track of weather forecasts and fundamental changes impacting demand/supply.
Not Financial Advice: Do your own research before trading.
Note
kindly change the weather forecast for the USA Trade active
Always take profits don't forget that ! Today is very important news watch it please Note
thank you all targets reached change the stop loss to target 1 and keep it runningNote
i would like to thank all who shared and support my work and i would like to keep the selling pressure to 2.9 our next support and the stop loss now at 3.6 and keep your wining running Note
stop loss to 3.1 hold on Trade closed: target reached
was very profitable trade to be continued Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.