NATGAS: Bullish Continuation is Highly Probable! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the NATGAS pair which is likely to be pushed up by the bulls so we will buy!
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Natgas
Natural Gas: are bulls capitulating? The bulls have made 9 attempts at breaking out. All attempts have failed which has led us to this sharp decline.
Nat gas is holding the 20 day MA but it does look somewhat vulnerable to going lower.
The death cross is getting closer and closer as we approach the 50 MA & 200 MA downtrending intersection.
Our members stopped out of the second half of UNG in profits
I am now hoping and waiting for a sub $2 pierce retest. we shall see if we get it.
NATGAS Will Explode! BUY!
My dear followers,
I analysed this chart on NATGAS and concluded the following:
The market is trading on 2.129 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2.192
Safe Stop Loss - 2.089
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
Natural gas is the downtrend resuming? Nat gas still fits all the criteria for a large downtrend.
Lower highs & Lower lows are still in place on the weekly timeframe.
This obviously swings probabilities in favour of lower price.
However historically were still at some oversold levels.
Just because this asset is oversold honest mean it can't go lower.
Im watching the daily 50MA & 200MA closely...do we get the death cross formation to occur again?
Usually this signal provides a near term bounce but medium term decline.
Natural Gas: Do or Die!We secured half of our profits yesterday, however I still think we have a very good chance of higher price.
Nat gas needs to make a decision by getting above this key Covid trend line.
We are observing another "death cross" formation developing. If price action keeps rejecting the daily 200MA we may go lower.
Today inventories came out: consensus was 42B actual -6B
This was a dramatic forecast miss & supports higher price / more demand.
If Nat gas can get above this key covid trend line, we are well on our way to $3+
NATGAS Local Short! Sell!
Hello,Traders!
NATGAS shot up sharply
Just as I predicted but
Has now hit a horizontal
Resistance of 2.273$ and
As we are already seeing
A bearish reaction a
Further correction is
To be expected
Sell!
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NATGAS Buyers In Panic! SELL!
My dear subscribers,
My technical analysis for NATGAS is below:
The price is coiling around a solid key level -2.161
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 2.080
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
Natural Gas...bullish turnaround!Nat gas has carved out a nice potential base to move higher.
We have seen a failed breakdown whcih usualkly indicates a bullish reversal.
They say the biggest moves come from failed patterns an it certainly looks like a failed bearish trendline break.
If this is the case, Nat gas has a nice 15-20% upside before things get really interesting.
We may be witnessing a weekly inverse head & shouldrs pattern developing.
Time will tell but we are long.
NATGAS Risky Long! Buy!
Hello,Traders!
NATGAS is trading in a
Downtrend but the price
Has hit the horizontal support
Level of 1.90$ and we are
Already seeing a bullish
Rebound so a further
Move up is to be expected
Buy!
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Check out other forecasts below too!
NATGAS: Bullish Continuation is Expected! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the NATGAS pair which is likely to be pushed up by the bulls so we will buy!
❤️ Please, support our work with like & comment! ❤️
NATGAS Will Explode! BUY!
My dear subscribers,
NATGAS looks like it will make a good move, and here are the details:
The market is trading on 1.978 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2.051
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
NATURAL GAS Expecting a dead-cat-bounce. Get ready to sell it.Natural Gas (NG1!) has been trading within a long-term Falling Wedge pattern since the April 2023 Low, with its latest Lower High coming right at the top of June 11 2024.
With a short-term bullish divergence on the 1D RSI, we expect to see a 'dead-cat-bounce' in August, which even though it might get as high as the 0.786 Fibonacci retracement level to price yet another Lower High, an acceptable level to get a sell entry again, would be the 1D MA50 (blue trend-line).
Our Target is 1.400, which would be the -0.5 Fibonacci extension (where the February 20 2024 Lower Low was priced), even though the Wedge's technical Lower Low extends as low as 1.200.
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NATGAS Technical Analysis! BUY!
My dear friends,
NATGAS looks like it will make a good move, and here are the details:
The market is trading on 1.994 pivot level.
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 - 2.084
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
Natural Gas...New All time lows? Natural gas has seen a failed breakout on the daily chart. After this failed breakout occured its been weeks of relentless sell side pressure.
We have lost key weekly and daily supports, which doesn't help the bullish case.
There is 1 small positive on the daily chart: a positive RSI bullish divergence.
Understanding how this commodity works, one should be prepared for a downside case of $1.60. Its not a guarantee but a possibility.
The Nat gas resource stocks are mixed and showing sings of volume accumulation.
I'm watching the $1.95 Gap fill on Nat Gas very closely. If the bulls defend that area we could rally quickly.
Keep your eye om the "Death Cross" signal, usually a buy signal for a short term bounce.