NATGAS Update and New Trading SuggestionMidterm forecast:
2.200 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 2.200 is broken.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 1.640 on 07/20/2020, so more gains to resistance(s) 2.500, 2.700, 2.950 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 74.
Trade Setup:
We opened 10 BUY trade(s) @ 1.94 based on 'previous Forecast' at 2020.07.29 :
Total Profit: 313 point
Closed trade(s): 109 point Profit
Open trade(s): 204 point Profit
Closed Profit:
TP2 @ 2.00 touched at 2020.08.03 with 6 point Profit.
TP3 @ 2.10 touched at 2020.08.03 with 16 point Profit.
TP4 @ 2.25 touched at 2020.08.04 with 31 point Profit.
TP5 @ 2.50 touched at 2020.08.04 with 56 point Profit.
6 + 16 + 31 + 56 = 109 point
Open Profit:
Profit for one trade is 2.45(current price) - 1.94 (open price) = 51 point
4 trade(s) still open, therefore total profit for open trade(s) is 51 x 4 = 204 point
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (2.330) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP5= 2.500
TP6= 2.700
TP7= 2.950
TP8= 3.350
TP9= 3.700
TP10= Free
❤️ 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 trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Natgassignals
NATURAL GAS Sell SignalPattern: Bullish Megaphone on 1D.
Signal: Sell as the price is testing the Higher Highs trend-line of the pattern. RSI also close to a top.
Target: 1.950 (potential Golden Cross).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
Shout-out to TradingShot's top TradingView Coin donor this week ==> @scheplick
There is a trading opportunity to buy in NATGASMidterm forecast:
. While the price is above the support 1.550, beginning of uptrend is expected.
. We make sure when the resistance at 2.250 breaks.
. If the support at 1.550 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
. While the RSI downtrend #1 is not broken, bearish wave in price would continue.
. A peak is formed in daily chart at 2.024 on 05/20/2020, so more losses to support(s) 1.800, 1.700 and minimum to Major Support (1.550) is expected.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. Relative strength index (RSI) is 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.800 to 1.700). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.800)
Ending of entry zone (1.700)
Take Profits:
TP1= 1.900
TP2= 2.000
TP3= 2.100
TP4= 2.250
TP5= 2.500
TP6= 2.700
TP7= 2.950
TP8= 3.350
TP9= 3.700
TP10= Free
❤️ 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 trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
There is a trading opportunity to buy in NATGASMidterm forecast:
. While the price is above the support 1.550, beginning of uptrend is expected.
. We make sure when the resistance at 2.250 breaks.
. If the support at 1.550 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
. While the RSI downtrend #1 is not broken, bearish wave in price would continue.
. A peak is formed in daily chart at 2.024 on 05/20/2020, so more losses to support(s) 1.800, 1.700 and minimum to Major Support (1.550) is expected.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. Relative strength index (RSI) is 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.800 to 1.700). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.800)
Ending of entry zone (1.700)
Take Profits:
TP1= 1.900
TP2= 2.000
TP3= 2.100
TP4= 2.250
TP5= 2.500
TP6= 2.700
TP7= 2.950
TP8= 3.350
TP9= 3.700
TP10= Free
❤️ 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 trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NATURAL GAS Buy SignalPattern: Bullish Megaphone on 1D.
Signal: Bullish as the price bounced off the bullish trend-line. The 1D RSI is on an ascending Channel since February, indication that the bullish trend is getting stronger.
Target: 2.050 (Resistance).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
NATURAL GAS FUTURES (NG1!) Monthly, Weekly, DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
NATGASUSD exepcting higher bearish ocntinuation
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!
NATURAL GAS USD BUY ON WEEKLYWe 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 the upside.
If there is a breakout to the upside, $2.033 to $2.076 becomes the primary upside target.
NATURAL GAS USDOUTLOOK: BULLISH
In the past few months NATGASUSD has been confounding forecasters - and whipsawing short-sellers - by rebounding sharply.
Strong Support & Favorable Risk-Reward in Natural GasI'm bullish in the short-term and through 2020.
- Natural Gas ($2.327) is currently sitting below the 20d ($2.37), 50d ($2.56), and 200d ($2.8) MAs.
- The recent retest of the 13-year falling trendline (orange) should also strengthen bull cases. In 2016 the trendline changed from resistance to support. And most recently in August, Natural Gas bounced off this trendline with gusto.
- Several converging support levels. There is minimal downside in Natural Gas Versus upside.
Over the short-term, 2-4 weeks, I think $2.55 will be achieved. From there $3.0 will potentially be next. I believe the support at $2.1 and $2.2 will hold over the near-term. I believe $3.8 may be achieved at some point in 2020.
Of course, there does exist risk in Natural Gas. There is a bear case. We could see a sell-off towards the lowest support levels. That would come in around $1.3. If that selloff does come, the signals will be the price action between 2.2-1.9 and a breaching of the white & orange trendlines lower. If this selloff does occur, I expect these lower prices to get bought up very quickly, thus making this scenario a strategic buying opportunity.
I welcome this selloff but I am not waiting for it. I expect the white support lines to be respected and for 3.0 to be achieved in the next couple months.
NATGASUSD -AnalysisNATGASUSD is highly oversold on every single chart except the daily (M30, 1H, 2H, 4H). On the daily chart, while not oversold, we have reached the RSI support line we have held since August 2019 (3 mo.). This line can easily be broken, but it is here where I am taking a position with a tight stop loss.
Price bounced from the 2.26 (0.236) fibb level, and will normally reach 0.50 fibb (2.37-2.40) before next big move.
Another option - is that it is setting up a much larger bearish head and shoulders pattern, which is a common pattern as I have noticed and mentioned in previous analyses.
Winter storms are still to come, even though this winter is predicted to be lighter than most. I think reaction was very strong in the past daily sell off, and should rebound to at least 2.37-2.40.
NATGAS bounced from support, potential for a further rise!
NATGAS bounced off 2.255 where it could potentially rise further to 2.430.
*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 Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
NATGAS bounced from support, potential for a further rise!
NATGAS 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 Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
NATGASUSD bounced from support, potential for a further rise!
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 Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
NATGASUSD bounced from support, potential for a further rise!
NATGASUSD bounced off 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). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
NATGASUSD reversed from resistance, potential drop!
NATGASUSD reversed off its resistance at 2.660 where it could potentially drop further to 2.450.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NATGAS approaching support, potential for a further rise!
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). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
NATGAS reversed from resistance, potential drop!
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). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
NatGas - Monthly overviewWhy the previous long idea is so interesting....?
I highlighted by red arrows the 3 year cycle lows.
There was a one in 2006 Sept, the next 2009 Sept, then 2012 April, and 2016 March...
And I think the next one is here in 2019 April....
On the monthly chart the bear started in 2006.
The first multi year cycle printed the low in 2006 September. The second one broke down tested back the highs and printed a double top; the low arrived in 2009 September.
The third multi year cycle printed lower lows lower highs : clear bear market with a new low in 2012 April.
The fourth multi year cycle‘s yearly cycle started making higher highs but it was not enough to print a multi year cycle’s higher high. This multi year cycle low ended in 2016 March with a depressive low.
The fifth multi year cycle( we are still in this one) spent most of its time in a range. And the range broke up. Still not a higher high in the multi year cycle but attacking that 5 $ level again.
We are due for a multi year low again. Oil printed it. Gold printed it. So most of the commodity complex is ready to suck in the printed billions what central banks produced in the last few years.
Seasonality. The multi year highs are usually peaking in November - December, so we need to be in position for 6-7 months..
But if we starting a new bull market we might have 2 yearly high. One before summer one after it.
The multi year cycle's gains :
2: 4.2 to 13.6 323%
3: 2.2 to 6.1 272%
4: 1.9 to 5.5 289%
5: 1.6 to 4.87 304%
6: 2.56 to ???
That's why it is so important to try to catch the daily cycle lows these times in Natty...
NATGAS falling wedge broken - Time to go longTitle is simple. Can go long. Have already been long for a while.
We have broken out of the downtrend.
Targets are black lines above. First target has already been hit.
If you want to play it safe, wait for a close above the black line before entering.
