D1 - Price is bouncing lower from a strong resistance zone. Bearish convergence. H4 - Bearish trend pattern Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
The natural gas market is currently experiencing a significant downtrend. As per technical indicators including Fibonacci retracements, Ichimoku cloud analysis, volume trends, MACD (Moving Average Convergence Divergence), and RSI (Relative Strength Index), the price of natural gas has declined notably. Current levels indicate a potential sell opportunity with a...
Hello Traders In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET today NATGAS analysis 👆 🟢This Chart includes_ (NATGAS market update) 🟢What is The Next Opportunity on NATGAS Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Following weekly chart. 2.5 years old trend has been nearly broken. Also there is a clear H&S formation. If it breaks TP1 4.29 TP2 3.6 SL - follow weekly close above 6.85
The cold weather in US had done little to support a price rise of the Natural Gas, while the consumption was lower than predicted. The price of the gas had broken its support at $5.3 and might be heading further down, testing prices of 4.25 in the next couple of days. In the opposite scenario the price might try to reach levels of $6.07 RSI and MACD both are...
NatGas is currently facing down and should leave the turquoise target zone to climb below the support line at $4.750 to complete the pink wave iii. Our alternative scenario implies, that the course could rise above the resistance mark at $7.064 instead, if the course would stay above the $5.337-mark. After the completion of the pink iii in our primary scenario,...
High Risk NATGAS Short, I won't be taking this trade. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
Allen Andrews gave us great rules. The P5 rule is one of them. As we see in the chart, P5 could be reached. What does this mean? It's an indication that price is at it's peak and a potential turn is ahead. Furthermore we have reached the center-line, where a) price will beak through, revisit and continues or b) price will turn and trade to the opposite...
NG has come down some overnight so I put in a sell order at 4.9. I'm going to watch it closely and I'm not expecting it to take a nosedive anytime soon. As long as the War is in play, I can't see NG getting under 4.5. I'll see what kind of profit I can get - maybe only 200-300 points, but still better than nothing :-) Stay safe. Heiko
📉 Expecting bullish price action on NATURAL GAS as we have fundamental reasons behind a strong bullish move the war between Ukraine-Russia + sanctions that will affect the supply/demand of this asset, another fundamental reason why price will go higher way above 5.0 is because we have a BULLISH MARKET SEASONALITY till July. From a technical perspective...
📉 Expecting bullish price action on this asset as the price of natural gas should rise from a seasonality point of view, we have a bullish market strucutre on H4/D1 timeframe as price keeps making higher highs and lower highs during the move, i will switch my bullish bias only if price will close bearish below the 4.0 area which is a important institutional...
NatGas is extending the correction way below the mark at $4.825. Now, there is still some more room left at the bottom. In total, we expect the course to fall between $3.969 and $3.795. Ideally, the turnaround will happen here. If we, however, fall below $3.396, greater corrections will be realized here. It's getting close!
NYMEX:NG1! Extreme volatility in recent weeks with lower highs since its recent peak provides comfort in potential change in longer term trend. 200MA now acting as short term resistance with critical support just below current levels. MACD supportive of short term downtrend. A break below support opens a move lower to 3.7
After all the massive bullish runs, the NatGas price needs to cool down a bit. We expect it to fall to $4.758. From there, new surges are to be expected. Cooling Down!
The NatGas price has been surging over the last couple of months and we expect it to slow down soon. Here, we expect the correction to stretch until $4.157 before prices start to explode again. Go Bears!
Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...
If that's not a perfect double top, I'll eat my hat Neckline 2.832 Target 2.52
Gas Upper Trendline - Short Trade Entry: $2.845 TP & RR: $2.693 (2.08) Stop Loss: $2.918 REASONS FOR THE TRADE After the breakout from the descending channel, we see the price sliding up an inclined trend line. However, the price is now reaching major resistance and I believe there will be a small pullback before potential continuation to the 1.618 Fib...