1. Introduction Natural Gas Futures (NG1! and MNG1!) hold a significant place in the energy market, acting as a key barometer for both seasonal and macroeconomic trends. These futures contracts are not just tools for hedging energy prices but also present potentially lucrative opportunities for traders who understand the underlying seasonal patterns that...
This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they...
NATGAS Descending channel on a weekly chart. The pattern is valid for the period of almost 10 years. Always start your analysis on a weekly chart. Once you identify the pattern on a weekly chart, you can rely on it for a long time in the future. Remember: The stronger the trend is, the harder it changes its direction. Cheers!