Natgas
Natural Gas Stock Forecast | Gold Silver | Price Level Trend- Natural gas stock negated that hourly downtrend and bulls played defense
- natural gas natgas stock bounced off of strong support and now we have just have to break prior 2.8 high to continue the daily uptrend towards 3
- Gold & Silver Stock Falling Wedge Guide.
Natural Gas Due for a move to upsideI believe natural gas is respecting the support trendline quite strongly and as long as this trendline is held I am long on gas.
One thing is for sue, we are much closer to the bottom than ever before... it is amazing that NATGAS is now worthless! too much production and storage has contributed to this freefall (not to mention that I believe it is highly manipulated).
At some point the producers will cut production to balance their costs...
NatGas Gold Silver Forecast | QQQ Market Analysis- Natural Gas stock slight red flag today
- Natural Gas NatGas bull break above resistance today with no bull follow through and came below the resistance.
- Gold & Silver Stock Falling Wedge Guide.
- Silver is outperforming Gold and if silver weakens more Gold would likely break bearish through the falling wedge.
- QQQ needs to confirm a hourly downtrend before we can have more confidence that the daily lower high is set. So far bulls played defense and we are still in a hourly uptrend.
Summer Heat expected to uptick energy demand-good for nat gasHot days mean more Air conditioning, which is good for natural gas since its 40% of electricity generation.
The Nat gas chart has been in a down trend since losing support in fall of 2022.
Will the chart turn directions? Currently its trying to begin higher highs.
NATURAL GAS: Short term Sell opportunityNatural Gas got supported on the 4H MA50 yesterday but the rebound seems to be running out of steam. The R1 at 2.697 is so far a Double Top and as the 4H RSI is forming the same bearish pattern as in late May while the 1D technicals are losing strength (RSI = 59.608, MACD = 0.079, ADX = 32.120), we are shorting NG targeting the HL trendline (TP = 2.300).
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NATGAS Massive Short! SELL!
My dear subscribers ,
This is my opinion on the NATGAS next move:
The asset is approaching an important pivot point 2.436
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Goal - 2.339
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
NATGAS: Bulls Will Push Higher
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
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NATGAS Bearish Correction! Sell!
Hello,Traders!
NATGAS was trading in an
Uptrend but then hit a strong
Horizontal resistance of 2.683$
While trading in a bearish wedge
Pattern from where the
Price made a nice bearish
Breakout so I think that
Natgas will go down
Sell!
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Natural Gas (Hitting some resistants)
View On NatGas (19 June 2023)
Natgas is in
* Uptrend in short term (Intraweek)
* Neutral in Mid term (Intramonth)
* Neutral in Long term (Last 3 months)
Natgas is trying to hard to breach 2.6~2.8 again.
This is the third attempts in the span of 4 months.
Sooner or later, it shall break up higher.
#3 shall be next. Take it slow
DYODD, all the best and read the disclaimer too.
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NATGAS: What goes up must come downLets keep it simple:
We've got a complete cycle hitting 4.236 fib + fake high missing local 1.13 fib + markets in panic
We had a small H&S pointing to T1: Hit
Whats next?
Expecting a bounce after hitting 0.5 fib @ 7.69 possibly forming a bigger H&S
Hitting 0.5 again after the bounce will trigger the bigger H&S and will quickly lead to 0.618-0.886 ($7.12-$5.86) levels to be tested.
Most likely liquidity below $5.30 will be swept before making any significant upmove
Fall below 1.886 ($4.50) will lead to tests of 1.272 ($4.04) or 1.618 ($2.40)
Only a sustainable (!) breakout above the recent high will turn the situation in favor for the bulls
Hold my beer pls
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No financial advice, do your own research, don't be stupid
NATURAL GAS Possible analysisThe NATURAL GAS trend is bearish for the last couple of months. The market placed a 1.9625 low on 14-Apr-2023. In a 4Hour time frame market reject the resistance area ( $2.35-2.42 ) as mentioned in the price chart and continued the bearish move. Now price is traded near the Support area ( $2.15-2.10 ).RSI ( relative strength index ) at over-sold levels and Volume indicates bears lose momentum. Price respected the trendline in the past two times and is now again near to test, so if the market close above this trendline with a strong bullish candle stick pattern then probably the market going up. So initiate long positions after closing above the Support area and also the trendline. On the other side, the Price traded below 200 MA (moving average ) which indicates the bearish trend is still in line. So Short selling is favorable if the price breaks the trendline to the downside and close below the support area as mentioned in the price chart after confirmation by a bearish price action structure.
Support and Resistance levels for day trading ;
Pivot Point Level: PP 2.1872
Support Levels: S1 2.0987, S2 2.0416, S3 1.9531
Resistance Levels: R1 2.2443, R2 2.3328, R3 2.3899
Nat Gas may get bubblyAfter a bottoming process and a reset of the rsi, a surge up is possible here. Nat gas is also at structural support which usually reacts with price in a positive or negative way. Holding here and not getting below 2 dollars would be very positive. If correct, the target is about $3.50
NATURAL GAS ( XNGUSD ) Long Term Trading Idea Hello Traders
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NATURAL GAS Buy signal unless this Higher Lows line breaks.Natural Gas (NG1!) is trading inside a Bullish Megaphone that has just priced its new Higher Low. The price is above the 1D MA50 (blue trend-line) and has started the new leg to a Higher High. Before that however, it has several Resistance levels to overcome, namely the 2.690 Resistance and before that the Lower Highs trend-line. As a result we are buyers but set a target below that level at 2.550. If instead the price closes a 1D candle below the bottom (Higher Lows trend-line) of the Megaphone, we will sell and target the 1.950 Support.
It is worth mentioning the 1D RSI that has been trading on Higher Lows since February 03, an early Bullish Divergence signal against the downtrend's Lower Lows for the price. This momentum continues to favor buying on the medium-term.
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