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GAS

3 Commodities to watch closely this week Cocoa: Cocoa futures hit $9,400 a ton for the first time ever, marking a 45% increase in March. Poor harvests in key producing countries such as Ivory Coast and Ghana, where adverse weather conditions, including heavy rains from El Niño and subsequent extreme heat, have led to supply shortages. The Ivory Coast cocoa regulator anticipates a 33% decrease in production, from 600,000 MT to 400,000 MT. European Gas: European natural gas futures are trading near €29/MWh, maintaining levels last seen in early February following a terrorist attack on a concert hall near Moscow. Additional attacks (related to Russia war on Ukraine and not the terrorist attack) on energy facilities in Russia and Ukraine have further fueled supply concerns. However, prices could ease as Europe moves beyond the heating season. Gold: Last week, the US Federal Reserve maintained its expected 75-basis points reduction in the Fed Fund rate this year, aligning with previous communications. This contributed to gold reaching a new all-time high before a subsequent decline. Analysis might suggest a bullish pattern forming, with the possibility of gold surpassing $2,200/oz. and testing the ATH near $2,225/oz., while maintaining support levels around $2,150/oz.
BLACKBULL:XAUUSD
by BlackBull_Markets
GAS will hit its pedal again to accelerate its RISE again to 30!GAS went parabolic to reached 29.9 the last time and as any parabolic moves, a massive correction followed and the coin touched 7.3 down there which is massive in any scale. Now, the heated short volatility has waned down. Net buyers / accumulators are back in the zone again based on the current 4h metrics. Expect some significant ascend from here on -- with some huge movements, a characteristic of this coin. A retest of its previous peak at 30.0 is not farfetched. The RR ratio on this one is attractive -- and that's an understatement. Spotted at 9.0 TAYOR.
Long
by JSAL
33
GAS/USDT Nearing a Key Supply Zone with Potential for Action? 👀 💎Paradisers! Let's dive into the intriguing world of #GASUSDT as it navigates towards a crucial supply zone, signaling potential market moves. 💎 On its path, ASX:GAS is tracing a descending channel but now has its sights set on the supply level at $6.406. The real excitement kicks in if it crosses the $6.406 threshold, potentially propelling #GAS towards overcoming the bearish Order Block above. 💎 For the astute traders among us, should the upward momentum hesitate, look for a bullish resurgence from the support level at $5.494. Falling beneath this could steer us into bearish territory.
Long
by MyCryptoParadise
2
EXXON. EXOFF. EXXON. EXOFF. THE CLAPPER. The most important thing on the chart is the steep rejection trend that is also trending upwards. It is leading into another rejection trend, which should see some resistance, but with a potential move along the steep trend into the rejection and finally into a breakout, we could see the price around 118. There is potential to keep climbing from this point, and the top number I see is marked. Earnings on the 26th is marked. Short term indicators are showing bullish. Price can keep pushing upwards. When it falls, it could be fairly quick. There are some really nice lines of support on the lower end. Still undecided how this plays out, and I'll need more info before making a move. Still, chart is worth watching.
NYSE:XOM
by nicktussing77
NATGAS ContraContrarian scenario where this actually deserves or gets a little bit more of a push above, unless we are in just another correction formation. For the long setup to hold and to be considered, a bounce from a curve needs to happen with a precise candlestick setup right at one of the curves, for example where the green circle is, bouncing from the white curve and continuing on the green path towards the red. All curves are potential support and resistance formations, projected in time, but the price might just hold on to them in magnet mode creating a wave along one of them. I have been playing around with this concept, with forward testing instead of back-testing, so it will be interesting to see how this project unfolds. (/anyone interested in those experiments can check the tube or X). If the bullish sentiment does not hold, and the curves are broken below, a shorting opportunity might appear, with a bounce on the flip from any of the curves, example highlighted in the scenario with the purple path.
CAPITALCOM:NATURALGASLong
by UnknownUnicorn903284
4
Bullish Outlook: UNG Prices Surge Amidst Anticipation of Record In the wake of widespread winter weather last week, the volatile natural gas futures front month, specifically the expiring February contracts for UNG, are witnessing a robust uptick. Traders are eagerly anticipating a potentially record-breaking storage withdrawal, adding fuel to the bullish sentiment. The market's sharp rebound in early trading on Thursday reflects the optimism surrounding the impending storage pull, setting the stage for a significant uptrend in UNG prices. Investors are closely monitoring the situation, poised for potential gains in the midst of evolving market dynamics.
NLong
by Maximus20000
3
GAS/USDT Perfect breakout the descending channel. Upward Moment?💎 GAS's market performance has recently garnered significant interest. The cryptocurrency has achieved a breakout from a descending channel pattern, a development typically seen as a bullish indicator for future price movement. 💎 However, GAS hasn't yet entered a retesting phase at the support level, suggesting that a period of consolidation or retesting might precede any further upward movement. 💎 Should GAS surge and break through the $7.5 resistance level without first undergoing a retesting phase, it could signal a continued upward trajectory, the probability leading GAS towards a substantial resistance target. 💎 On the other hand, if GAS enters a retesting phase, the ability to maintain support will be crucial. Failure to bounce back from the support level could indicate a false breakout. Losing grip on this support area could lead GAS back towards a key support zone. 💎 This key support zone holds significant importance. Historical patterns indicate that this zone has previously been effective in preventing further price declines. However, if GAS were to fail to hold this support upon a potential revisit, it might indicate a sustained bearish trend, possibly driving the price lower.
by MyCryptoParadise
2
oil and the secondary wave of inflation.before you read any further read my post from may: --- in may of 2023 i called the top on oil and projected we come down into the $50-60 range. we ended up playing it out quite flawlessly. a lot of people were very angry at me for whatever reason back when i was calling for the top, probably due to their elevated levels of confidence and greed. those people got wiped out. today, i bring to you a follow-up prediction, in line with my us10y prediction. --- i'm predicting that oil hits $181 per barrel over the next year, which will cause a secondary wave of inflation. --- oil w5 algo = $181
OANDA:WTICOUSD
by notoriousbids
6