GAS
Top and Bottom analysis on Natural Gas (NG) by ThinkingAntsOkUse this as a guide to develop your view on the Chart.
Main Items we can see on the 4hs Chart:
a)After the breakout of the Massive corrective structure, we saw the beginning of a new bearish motive wave
b)Our main target for the end of the bearish trend is the Daily Support zone at 1.650
c)The main structure for the down move is a descending channel, is very important to pay attention to it and see if the price keeps respecting it.
d)If you have a short position opened the support zone can be an excellent target
e)If you want to open Long positions, wait for the price to reach the support zone, and give at least one week to see a formation there.
Daily Chart
CHK hits support and will bounce to 0.96 All indicators are lining up and it has obviously hit support. In my opinion, this is a decent long because of indicators and high volume.
Selling spread WTI-GASHi.
Maybe you'll find it useful. What we see is a price movement in last 5 years. In my opinion(hope you see it too) spread between prices is close to extreme readings so i'm looking to sell it. You can convert barrel to BTU and compare prices, but let's keep it simple for now. Strategy is also simple. Sell WTI and buy Gas. Considering my longs on WTI it seems legit. It's true, the winter is "hot", but will it remain like that for long?
Tell me what you think oi comments below
NatGas - bull or bear?The last few candles show a sustained sell-off followed by a brief recovery below the short term trend line (white dotted line).
Will natural gas follow the end of day recovery and go back over $2?
I see 2 scenarios here:
1) The price closes over $2.03 on Monday and tests $2.15 this week
2) The price breaches $1.84 and starts a new descending channel between $1.68 and $2.02
My long term trend line (red dashed line) suggests $1.34 is possible, which boggles my mind, but anything is possible if inventories continue to build and our winters continue to be mild on average.
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My goal is to keep tabs on Natural Gas Futures to hopefully find the bottom before a bullish reversal. However, I am not currently playing NatGas as I believe it will stay suppressed until production is shown to have meaningful decreases. Fracking bans, regulations, etc can impact prices but I don't have a crystal ball and will simply follow the market as it happens.
*** Note: I draw my trend lines on a daily line chart as line charts are easier to see then switch to candles since candles illustrate the price action much clearer. A few pennies here and there don't concern me as I am a swing trader.
$GAS, Crossing over ~12.6k resistance level$GAS
Could be following what #NEO is doing as it tries to break from descending trendline and crosses over ~12.6k resistance level...
Looking for a potential R/S flip // or entering with a tight SL are both good setups..
Market is just showing pumps everywhere 🙂
#GAS
Another possible trend reversal - Targets: 34p - 44pBoD been buying recently at lows, new CEO
Production levels increase at South Disouq
Targets: 34p / 44p
Wells coming online plus new wells being explored
Natural Gas (NATGASUSD) How To Buy With Confirmation?
hey traders,
this is my update for NATGAS.
I know that most of you have noticed that the price is approaching a current market low
and many of you are waiting for a signal to buy.
I suggest you focus on a falling trendline on 4H.
Being broken it will trigger a buying reaction of market participants and most likely we will see a nice impulse upwards.
While it is trading below the trendline just wait!
once it breaks I will buy the market
my targets will be
2.30
2.45
stop will be below the last lower low.
Natural Gas: Buy opportunity on the 1W Support.Natural Gas has been on a strong sell sequence since the rejection on the 2.700 Resistance. 1D may be bearish still (RSI = 39.610, MACD = -0.081, ADX = 41.622, Highs/Lows = 0.0110) but we are on the 2.100 - 2.035 1W Support Zone. This is the first bullish sign with the second being the flat RSI (bullish divergence) since November 29th. We are expecting Natural Gas to reverse towards the 2.500 and 2.700 Symmetrical Resistance levels. If however the 1W Support breaks, a new selling sequence may be initiated towards 1.600 - 1.440.
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#GAS | Breakout !Entry : 0.0001307 - 0.0001246 - 0.0001200
Target 1 : 0.0001399
Target 2 : 0.0001560
Target 3 : 0.0001798
Target 4 : 0.0001910
Target 5 : 0.0002090
Stop loss : 0.0001182
Risk/Reward : 8%/60%
Do not risk a large amount of your money
Do not hurry to buy, the price may go down to good places
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