Natural Gas is waiting at important support area also i see bullish divergence at macd histogram on 4h chart. *** I suggest you to use less leverage. Profit Targets: 4,33 4,4 4,47 4,53 Stop loss:4,19 Have a nice day, Berk
Looks like a good area to go long to top of the channel.
NATGAS is now probably at levels where it is just short of breaking the above resistance trendline !! #NATGAS Buy above @ 4.540 on Hourly chart with sl @ hourly low of last candle or at 4.450 ! Add more longs above 4.670 on hourly for targets of 4.9 !!
This market is only for a view investors, but really not recommended for retail traders with pockets smaller then a couple Millions. As for the chart analysis on the weekly timeframe, we see that price had blown through the confluence point and through a couple resistance ranges. The target is the white centerline. A potential pullback to the prior resistance is...
Nat Gas - Daily RSI overbought, Weekly has some room to run. Fib levels - .382 support = $3.08, Fib .5 resistance = $3.53. EIA nat gas report thursday should determine NG direction. $HNU 2x ETF for canadians or $ugaz 3x ETF for USA
The white fork gives us the most probable path of price on a longterm scale, it's up. The yellow fork is the opposite force, and projects the potential for a pullback from the very top, with the target at the centerline. The price drop through the yellow centerline lead in a halt right before the L-MLH (Lower-Medianline-Parallel) of the yellow Fork. This...
I would like to start with the indicators here. First of all the Slow Stochastic. Every time in the last 3 years when the StowStoch printed a flat bottom at the oversold levels it was followed by a strong rally in NatGas prices. Today the situation is the same : we have a flat bottom again. MACD is also crossing over after the extreme oversold levels and RSI...
NATGAS has support at 2.75 and 2.6 Wait for a green 9 candle to make entry for a long position Keep an eye on the daily and 4hr chart in case rebound is early
NatGas overly long, inventory draws, high demand, but new supply coming - check buy in prices
Trading between the descending trend lines, it appears low risk to buy NATGAS or UGAZ here at the lower trend line. Look for higher prices going forward.
NATGAS has has both a strong local and general double bottom and is looking to retest 3.0-3.1 and higher before it sees 2.5 again. Strong gap up over weekend was very predictable as is evidenced from my idea last week. With both strong fundamentals (bullish report) and strong technicals (respected double bottoms) shorts would be wise to wait and watch for a...
Just trying to learn something. Bullish breakout for Natgas.
In my last idea I sugggested try to get in the trade somehow because the consolidation is over sooner or later and we are breaking out. Though we couldn't catch the exact bottom and the position got risky as we broke down of the range all who were able to hold through the panic are in profit today. There was an undercut low with a false breakdown of the range but...
Idea: NATGAS has 1&4hr Fibonacci confluence which could possibly hold the next leg up. Cons: If stop is hit... looking for further support signals at 2.928 & 2.920. DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own...
Validated confluences 1.Weekly Trend line broken (Downtrend in play) 2.Resistance breached by strong support 3.Bollinger band pierced by price 4..Profit margin 1:3
Looking at NatGas, Im going long with BOIL. NAtGas is close to a double bottom here, %R is oversold, and the TSI is corssing and rising.
Looking for the price to break the flag to the upside (on H4 TF) and head towards 4.00 Longer term target is at the top of the Weekly channel at about 5.000. We should get there, but with a bigger correction expected when we get to 4.00 price level.
Centerline catches pretty good price-action (frequency) of this market. The prior Hagopian way down below at the L-MLH tell us, that the market will go back more then from where it came. So, this would imply that we will see NG soon way above the centerline. P!