Cycle anchor high/lows test. Green verticals = Highs Red verticals = Lows
Hello everyone, This is my first time posting here, hope you find this helpful being my own view: 1- Supply is over the 5 year average. 2- Supply is over last year's when winter was cancelled. 3- We are running out of places to keep the supply. My view is, this is very bearish for the short term at least, and 2.9-3.0 will still be a major psychological level to...
Fundamentals “There is simply too much gas right now, thanks to the very loose supply/demand balance caused by demand destruction with the economic shutdowns, with another loose number expected in (today’s) EIA report,” Weather forecast According to NatGasWeather for April 16 – April 22, “Cool shots will continue across the central and northern US into early next...
In my own opinion, since Natural Gas first landed on the market in 2004, it has 1 all time low at 1.574, which is lower than 2004 and since then we have never tested this bottom again. I think with news of coronavirus, it is the perfect opportunity for this level to be tested and i think it will go much further down creating a new low for natural...
ENTRY: 1.780 TP: 1.755 TP2: 1.735 TP3: 1.720 SL: 1.805 Chart time frame - 4H Time for reaching TP - 1-2D Follow, Like, Share or Comment Thanks on supporting! All best!
NATGAS SELL TP_1.730_5.21%_0.095pips_SL_1.851_1.42%_0.026pips
Fundamental $2.00 level has been broken, signaling how weak the market actually is, during a time it should be strong. Due to oversold conditions, temporary prop back up to $2.05 - $2.11 (previous support) level is expected. Natural gas analysts are expecting natgas production to remain high throughout 2020 which will eventually subside in 2021, when cuts...
With news about NatGas weather saying that mild temperatures were expected these past days and being correct, Natural Gas is behaving inside a bearish triangle decreasing its three consecutive maximums and depleting a bullish chance that has until Feb 7 to occur. But it might certainly be tomorrow when the fossile commodity decides to either break 1.931 resistance...
We going to continue to the price action between $1.862 and $1.957. Most importantly is its 50% level at $1.910. Trader reaction to this level will determine the direction of the March natural gas futures contract today. A trade through $1.862 will signal a resumption of the downtrend. A move through $1.957 will change the minor trend to up and shift momentum to...
OUTLOOK: BULLISH In the past few months NATGASUSD has been confounding forecasters - and whipsawing short-sellers - by rebounding sharply.
NATGASUSD bounced off 2.410 where it could potentially rise further to 2.660. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone...
NATGAS approaching support at 2.450 where it could potentially rise further to 2.660. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530)....
NATGAS reversed off its resistance at 2.785 where it could potentially drop further to 2.600. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530)....
Looks overheated [ RSI ], needs some cooling down.. guess it will, soon... TP shown in the chart ~ convergence of 61.8 Fib + 50MA + upper side of former downtrend channel ... LET'S RIDE!!!
Natural gas price seems to be moving in an uptrend. However, there appears to be a wedge-like formation in play, suggesting a possible small correction. If prices do reject the ceiling of this shape and go lower, i would consider going short. Due to the high risk nature of this type of trade, i would only consider opening a small position.