$BOIL #NG Buy the dipI've been bullish and trading natural gas (BOIL EQT RRC) for a while now and recently sold on the last pump to 2.6
I'm reloading now, as I'm looking at a few things technically I like
-Price appears to have found support on a flattening 20DMA , and will next watch to see if we start trending up
- The low in May was higher than April , and almost forming a rounded base if we can sustain higher than May's low , it will be a good sign
- Strong support at 2 putting in a triple bottom now - even if we go lower, in the longer term as long as we stay above 2 , your entry of say 2.15 won't really matter when we're at 5 !
- EQT and RRC are both flagging and keeping their gains so far, looking for more upside , which of course depends on NG but is providing bullish confluence .
Natgas
NATURALGAS 22May2023broadly speaking, it is sideways with a fairly large range. but we can still take a chance on a good moment. if you look at the current elliot notation, it is likely that the price will go to the previous HH, you can take a long opportunity with the SL area below the invalid area
May 21,23-NG-Will NG hit 2.7?Will NG go up this week to 2.7?? Let me know your thoughts. I'm on the fence...I think I will put my TP at 2.6 and be satisfied with that.
I have placed my Stop Loss at 2.4 (the green line) so I will only profit 100 points or so if it gets hit, but better than nada right? :-o
Let me know what you think.
Stay safe all.
Heiko
May 18,23-NG-Finally Up Up and away?Did anyone put in a Buy Order at 2? or 2.1?
You can finally see two weeks in a row of Bullish price movement!! Finally!
You can also see price actually passed the green Alligator line which is a bullish sign - just hoping it closes tomorrow ABOVE this line. Then hopfully al good next week.
But who knows - next week is next week. AnyHOOO
Hope all is well with everyone - sorry for a lack of posts recently but there has been nothing but sideways action, until now.
Stay safe !!
Heiko
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 .
Natural Gas Short squeeze!Natural Gas had a bullish close today up over 4% despite weakening economic data.
We could be entering the next stage where Nat gas starts moving higher off these lows.
Clear Accumulation has been occurring and this move off the lows matches the seasonality period of Nat gas.
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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Natural Gas & Energy UpdateNatural Gas is on watch for a technical Breakout
We got a bullish daily close on Natural gas today.
Its the first time Nat gas has had 2 daily closes above the 50 day moving average since it started the nasty downtrend.
NATGAS The Target Is DOWN! SELL!
My dear friends ,
NATGAS looks like it will make a good move, and here are the details:
The price is coiling around a solid key level - 2.372
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.251
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
#NaturalGas Can Rise Up Very Quickly #NATGASTraders, Natural gas has created several bullish breakouts over the past weeks but failed to push higher. Now as we are reaching the end of the wedge pattern, a breakout is imminent. This can create a W pattern which in turn can push the prices higher.
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-Vik
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📌 DISCLAIMER
The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only.
Not financial advice or signal. Please make your own independent investment decisions.
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NATGAS Trading Opportunity! SELL!
My dear subscribers ,
This is my opinion on the NATGAS next move:
The instrument tests an important psychological level 2.348
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Goal - 2.202
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
NATGAS Bearish Bias! Sell!
Hello,Traders!
NATGAS is trading in a
Narrowing wedge which
But the long-term bias
Is bearish so as the price
Is about to retest the
Falling resistance of the
Wedge I think that we will
See a move down
To retest the rising support
Sell!
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NATURAL GAS The Triangle's breakout will determine the trendNatural Gas is trading inside a Triangle, with the 1day MA50 as the Resistance.
The critical level is the 1day MA100. If the price breaks above it, target the gap from 2022 at 4.000.
If the price crosses under the Triangle's bottom, target Fibonacci 2.0 at 1.100.
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Natgas: More pressure! 💪You know this one?
Pascal: “Hurry up! Get a move on! We really need to get going!”
- “Whoa, that’s a lot of pressure for just one Pascal…!”
Okay okay, bad jokes aside, Natgas does need a bit more pressure to rise from the compound consisting of the white zone between $1.880 and $3.436, the blue zone between $2.407 and $3.277 and the pink zone between $2.573 and $3.439. Above this conglomerate, it should finish wave iv in pink before turning downwards to develop wave 2 in green, which should then lead below the bottom of the white zone. Once this prominent low is established, Natgas should take off again. However, there is a 40% chance that Natgas could leave the white zone on the southern side, thus expanding wave alt.2 in green earlier already.
NATGAS The Target Is UP! BUY!
My dear subscribers ,
This is my opinion on the NATGAS next move:
The asset is approaching an important pivot point 2.162
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 2.268
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK