Natgasusdlong
GAS Fibonacci Retracement - Long TradeGas Fib Retracement - Long Order
Entry: $2.407
TP & RR: $2.549 (3.38)
Stop Loss: $2.365
REASONS FOR THE TRADE
So far Gas has respected the Fibonacci levels twice, leading me to believe that we may see a bounce from the 0.236 level and a potential reversal. We also have a descending trendline, which I am not sure how well will be respected, but it's worth keeping in mind. The Stop Loss is set at a reasonable distance from the Fib level and the target is at the 0.5 level. Although, if a reversal follows from 0.238, we may keep at least part of our position for higher levels.
Gas Climbing Up - Long OrderGas Climbing Up - Long Position
Entry: $2.715
TP & RR: $2.877 (3)
Stop Loss: $2.661
REASONS FOR THE TRADE
So far price action has formed a diagonal trend line, so I believe if it respects that level the price should bounce up and head towards a double top. There's also the possibility that we don't get filled and the price starts trending up without us, which is fine. We want to put the SL at a level that makes sense and the only one such is just too far, giving us a pretty bad Risk:Reward Ratio.
GAS Testing Support Level - Long OrderGAS Testing Support Level - Long Position
Entry: $2.566
TP & RR: $2.673 (2.49)
Stop Loss: $2.523
REASONS FOR THE TRADE
This looks a lot like the infamous " market maker method ", so I am expecting the price to continue trending down even below my entry zone. The logical question is then why are we opening a long trade? Well, if this support holds and I believe it will, even for a short bounce, then the RR is pretty decent if the price reaches the upper trendline. We can then open a short order with a SL just above it.
My SL here is very tight and I do warn you that you may get stopped, so adjust it accordingly. I will use slightly less than my traditional trading size, thus limiting my loss, and be able to re-enter again if the setup turns out to be valid.
NATGASUSD technically based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 NATGASUSD technicaly based idea, we can see price is bounce from bottom trend line, candels formation is strong bulish, technicaly indicators showing we can expect higher push up in price exepcting push till top trend line, based on candels foramtion possible and break of top trend line.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!
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.
Long NATURAL GAS / NATGASDoubled down yesterday.. now let‘s see if the rebound is as substantial as expected! :D
Long NATURAL GAS / NATGASDecent lil divergence spotted on Natural Gas... should be a short-term BUY!
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 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.
NATURAL GAS WEEKLY ANALYSIS - NEW HIGH FORMEDHey traders,
This is a broad overview of Natural Gas on the weekly time frame.
As we can see on the chart price has formed a new higher high confirming this minor uptrend.
Price reached the target area that I was looking at in my last analysis.
With fundamental analysis, a colder than projected winter, this should lead to an increase in natural gas prices.
Look for a minor retrace to go long.
Simple price action and trades will lead to simple profits.
Daily trade analysis and ideas:
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ForexShinobi.
NATURAL GAS H4 UPDATE - Price Has Closed Above S/RIn my previous analysis I said that if price was able to close below the lower S/R seen in the picture I would go long.
Price has closed strongly above and continued to move up.
Price is continuously forming higher highs and higher lows.
Risk to reward is still good at 2-3 if you were to enter now.
Target is upper S/R level at 2.70~
Daily trade analysis and ideas:
Telegram: t.me
Facebook: www.facebook.com
Twitter: forex_dojo
Instagram: www.instagram.com
Website: www.forexshinobi.com
Tiktok: @forexshinobi
ForexShinobi
NATGASUSD - H&S Pattern Idea If you look at the past 4-5 strong reversals, they have almost ALL been H&S reversals. I'm going to go ahead and throw this out there!
November is approaching quickly, and is a month where these prices tend to spike. Not always, but likely.
Price might go down to 2.13-2.15 area and back to neckline. RSI divergence on H1 plot.
If it breaks this, next strong levels are 2.0 and 1.8 based on fibonacci and past supports.
Just an idea -
