GAS
Where is NATTY going next?Huge sell of occurred after breaking it's previous support, turned resistance.
I'd be looking to buy of the resistance @ around 2.050 with the aim of it reaching the broken support.
If it finds resistance there then we might see a H&S pattern emerge which could be severely bloody.
With recession peaking over the corner, this could well play out.
Just my thoughts, not trading advice . Trade at your own risk. NATTY can be expensive .
Will WTI follow Natty into the basement? Is WTI going to suffer the same fate as Natural Gas ? Endearingly referred to as Natty ? Well the good ship Natty got REKT last week. The long side which was overcrowded, overleveraged caught the "to da moon" bagholders off guard . Stunned whilst spitting out the kool aid they were seen gasping for air when the dead cat bounce rocked the boat ., Natty was batterred and was last seen heading into shallow water dangerously close to the rocks . Choppy water ahead alert the marine units.
The setup on CL very same chart right before the dump so spread out grab your umbrellas !!!
The trade : Let price action have the final say on your entry get the best price you can very important! Patience pays when shorting! Monday may get some purchasing for the week early on so shorts may get pinched a bit before any ride either way. Wednesday the EIA inventory numbers are relesed at 10:30 EST. OPEC meeting also this week I believe so expect volatility. Sell 83.60 & higher use stops longer time frames target 59.50 might be best move of the year if it goes. Record or near record inventory build over the last month so stay tuned! Not a trade recommendation or a reccomendation to buy or sell securites of any kind.
NATURAL GAS POSSIBLE RALLYNatural gas is increasing in value due to several factors: the unprecedented wildfires in Canada that are ravaging the country and are disrupting the production throughout the province of Alberta; Reuters also reports that Russian pipeline exports had declined 11.4% this month compared to April’s average, putting an additional hold to the fuel supply.
The RSI is above 50. The MACD had broken above its zero level and had triggered signal for further potential gains.
If the current trend continues, the price might test resistance levels of 2.764, and if it gets broken, further target might be 2.931.
In the opposite scenario, the price might test its previous resistance at 2.025.
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GAS token formed bullish Gartley for upto 12.50% pumpHi dear members, hope you are well, and welcome to the new update on GAS token.
Previously we caught a powerful pump of GAS as below:
Now On a 4-hr time frame, GAS has formed a bullish Gartley move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
NATURALGAS Long Natural gas is packed in a tight falling wedge pattern. It is at historic support too, going back to August of 2019. Another point worth mentioning is that the price of natural gas defended this support on February 22nd of this year and produced a >40% rally, peaking on March 3rd. Virtually every timescale from the minutes to the weekly show positive divergences and oversold readings. The targets for this trade are the gaps above, marked in purple. Use UNG or BOIL (x2) for this trade.
Natural gas - bottom callers will be dead before risingMajority of traders are loading up on their AMEX:BOIL longs and natural gas futures long positions.
This is why SSL will be grabbed first between $1.5 to $1.7 before price can increase.
Natural gas - bottom is not in yetIf you see the majority of traders saying that the bottom for natural gas is in, then you should be sure that it isn't.
I predict that natural gas will take out these equal lows at 1.91 and we will see 1.784 soon.
The uptrend will start when no one will be talking about it.
Unfortunately, the majority of traders are in long positions and due to market liquidity, these traders need to be taken out before the market makers and institutions will buy it up again.
Understanding NATGAS MarketsHey Traders,
Loads of traders keep asking me privately and on my streams about this asset.
The reason why people are interested in it is purely because they want the thrill and the chase. You can see the start of the enormous explosion came because of news sentiment and shortages of gas due to the ongoing war. That means the price goes up due to demand and diminished supply. However, naturally, with any market that ends and you get an enormous fall much like you saw with the USDJPY and other assets like gold.
After large moves up comes large moves down. And in future, again, large moves up. But the question of 'When' is what makes people excited. If you are Trading due to excitement, stop. It will crush you.
You need to take logical decision based on the value of the asset and continuous gains. If you are trying to buy so you can catch an ultimate rise despite market sentiment you are trading for excitement, because you don't know when sentiment will be extreme enough to get sufficient gains on a move up. The price, technically, is low like it was before and somewhat constitutes only light entries to the long side with early exits based on previous minor PA.
But do not trade this for a 'big win'. Trade assets with tonnes of price data that is concrete. Mostly NATGAS flies when there is some sort of crisis which are not all too frequent (see 2000, 2008).
Trade safe and Trade small. Do not load in there is STILL a chance you can go further.
NATURAL GAS-Did we bottom?During previous posts, linked in description, we tracked the bearish patterns unfolding in a macro ABC to the downside in Natural Gas.
Now, targets of wave C are reached and the structure seems complete. Bulls where shaken a bit out, and price reacted impulsively from 2.115, and then retraced to the Golden fibo zone, where today's daily candle was printed. Natgas may be now reversing to the upside.
✅NATGAS BROKE THE WEDGE|LONG🚀
✅NATGAS was trading in a
Downtrend in a falling wedge
Pattern but after the retest
Of the horizontal support
At around 2.0$ which is also
A strong round number we saw
A rebound and a breakout out
Of the falling wedge so we are
Now locally bullish biased
And I think that the target
Of 2.3$ will be retested
LONG🚀
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Natural GasI have shared my idea about natural gas. The market step by step becomes range during some months and then be ready to become bullish.
$TIE
Looking for a push above monthly open and acceptance.
"Range low" has to hold for this trade to work out.
Consolidation above monthly open is bullish signal for me to trade into Blue Box as target 1 and onto 2
Worry about target 2 if we hold the first Blue box.
Yellow highlighter indicates liquidity and stops that have now been wiped out.
Recent news catalyst
"TIETTO MINERALS ( $TIE $TIE.ax ) has released " Tietto Ramps Up to Full Production at Abujar Gold Mine " on 20/3/2023 at 9:55 am AEST #Tech #Metals #Drilling"