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Natgas

NATURAL GAS – Week 39 – New top ahead?In our last analysis report, we correctly anticipated the price to reach the support area. In the coming week, we anticipate the price to make a corrective B-wave that has a chance to break the top, depending on the pattern it is forming. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
NLong
by financialflagship
14
Technical analysis update: WTI oil (15th September 2021)USOIL reached our short term price target of 72.50 USD today. We still remain bullish on USOIL. Because of that we would like to set new short term price target for USOIL to 75 USD per barrel. Our medium price target is 77.50 USD and long term price target is 80 USD. Technical analysis MACD is very bullish as it performed crossover above 0 points and entered a bullish zone (as we previously predicted). This strongly bolsters bullish case for USOIL. In addition to that RSI and Stochastic are also bullish. However, ADX contains low value suggesting neutral trend is present at the moment. Price of USOIL currently trades too far from its 20-days SMA which raises (immediate/short-term) concerns about retracement towards the SMA. Despite that we continue to be bullish on WTI oil (in big picture) and we expect higher price. Short term support sits around 70.50 USD while medium term support sits around 65 USD. Then major support appears around 61.50 USD and closest resistance at 74.21 USD while major resitance sits at 76.95 USD. Our prior thoughts from a week ago: Here we noted that we were closely watching MACD for crossover above 0 points. We also noted that we were looking for breakout above short term resistance. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
TVC:USOILLong
by Tradersweekly
12
NATURAL GAS – Week 37 – Strong bullish momentum.In our last analysis report, we correctly forecasted the price to reach the $5 daily resistance. In the coming week, we expect the price to start a correction, but only if it breaks the support area highlighted on the chart and corrects underneath as the bullish trend is very strong. Otherwise, the chances are that the price will make higher lows and continue the uptrend. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
N
by financialflagship
19
💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast: 4.160 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 4.160 is broken. Technical analysis: A trough is formed in daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 5.000 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 75. Take Profits: TP1= @ 2.600 TP2= @ 2.750 TP3= @ 2.900 TP4= @ 3.000 TP5= @ 3.150 TP6= @ 3.650 TP7= @ 4.160 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
CAPITALCOM:NATURALGASLong
by ForecastCity_World
17
💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast: 4.160 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 4.160 is broken. Technical analysis: A trough is formed in daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 5.000 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 75. Take Profits: TP1= @ 2.600 TP2= @ 2.750 TP3= @ 2.900 TP4= @ 3000 TP5= @ 3.150 TP6= @ 3.650 TP7= @ 4.160 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
CAPITALCOM:NATURALGASLong
by ForecastCity
6
Liquid Natural Gas #LNG #NatGas Long / Short Term ViewLNG has a long history of not getting any love. Famously, in 1971...a Russian oil rig fell into a crater filled with LNG. They figured the best move was not to capture the LNG...but to use it to burn the oil rig. 50 years later...that crater is still burning...and is known as the Door to Hell . LNG has often been thought of a cheap, plentiful energy source...and a second cousin to oil....a distant second cousin. As you can see in the chart... it has experienced some dramatic price spikes since 2000....usually amid extreme heat or cold spells. Due to the short duration of the temperature anomalies, the price drops just as quickly as it spiked. However, this time is different. We are at the beginning of a global energy transition. Earlier this year, governments from around the world have backed the " net zero by 2050 " goal. This essentially means the world is pushing for a drastic reduction in the use of fossil fuels. We are rapidly increasing renewable energy production...however...this 2050 goal is very ambitious for a world energy infrastructure built for oil. The most pragmatic experts agree that fossil fuels will still be in use by then...though greatly reduced. And of the carbon producing fuels...liquid natural gas must play a greater role in the world's energy infrastructure. So the long term fundamental view look almost inevitably bullish. Recently we have seen a supply disruption as a pipeline segment in Arizona exploded...tragically killing 2 people. (Story sourced from Leticia Gonzalez twitter ). In addition, Hurricane Ida disrupted supply production while temperatures have remained elevated, causing a greater demand. As always...markets don't move is straight lines. However, I see demand for LNG continuing to increase globally for a long time. *While writing this...Nat Gas jumped $0.20...breaking short term resistance...currently sitting at $4.855
NYMEX:NG1!Long
by cwmetz
Natural Gas Big Inverse Head and Shoulders Pattern playing outI have spotted this pattern a bit too late, but now we are few weeks after its activation and target is only half way through. I am expecting this to hit the target before we start thinking about possible top. What do you think? It looks like a textbook execution, I would be surprised if we fail. Now we also have broken the trendline of the previous two highs and we have printed 2 very bullish looking candles on the weekly to support this going further up, maybe even without many corrections. On the shorter timeframe I see a cup and handle to support the move higher as well. I am very bullish on this based on these factors. Please share your view.
NLong
by TheChartWhisperer
6
Crude Oil setup to rally to new highs - $USOIL $CL $CL_1 $XOMAside from Crypto, I've had the most success in the last decade trading crude based on a combination of technical analysis (classical charting) and trading the news (economic indicators, such as OPEC releases). Between March - June 2021, Crude oil prices formed a cup and handle that concluded with price reachings its target just above $75. Price then corrected, forming a triangle that turned into a bear trap as sellers sold the breakdown before price rallied back into the consolidation. From failed moves come fast moves. Over the last 6 weeks, price has formed an inverted H&S. Having occured after a downside break and failure, this is an immediate buy signal with fast upside price implications. Oil is a fun and scary market to trade because of the volatility and liquidity combined with leverage opportunities. Be safe, j
NYMEX:CL1!Long
by jBTCkingaling
1
Technical analysis update: USOIL (26th August 2021)West Texas Intermediate oil continues to march higher. Yesterday it traded as high as 68.51 USD. RSI continues to rise since 20th August 2021. Although, yesterday it started to flatten little bit. MACD's averages crossed and point to the bullish direction now. However, we need to note that MACD is still in the bearish zone. Stochastic is bullish. We will observe price of USOIL in the following days for any weakness. Current level of the most importance is 65 USD and 70 USD. In our opinion if USOIL manages to hold above 65 USD pricetag then price will continue its rise. We are currently bullish. Recent thoughts from 24th August 2021: Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
TVC:USOILLong
by Tradersweekly
2
NATURAL GAS – Week 34 – $3.70 next?In our last forecast, our target almost got hit as we anticipated the price to pullback and test the trendline. In the coming week, we expect a small consolidation to occur that will test the resistance level before falling towards the support area that we highlighted. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
NShort
by financialflagship
27