NATURALGAS Long Natural gas is packed in a tight falling wedge pattern. It is at historic support too, going back to August of 2019. Another point worth mentioning is that the price of natural gas defended this support on February 22nd of this year and produced a >40% rally, peaking on March 3rd. Virtually every timescale from the minutes to the weekly show positive divergences and oversold readings. The targets for this trade are the gaps above, marked in purple. Use UNG or BOIL (x2) for this trade.
Natural Gas
Buy Natural Gas .Technical analysis education- divergencesSlightly wide stop in case of further divergence but good low risk high reward trade on daily charts unless buy signal changes. This support area looks really good now for daily holds and profit taking on the way up.
Natural Gas May Have Bottom Out @ 2.054 With Double BottomAfter experiencing a price rejection at the 2.054 level and a double bottom formation, the natural gas market appears to be bottoming out, signalling an end to its 2-year low.
The bullish sentiment of natural gas is expected to gain momentum in coming weeks!
#NaturalGas
#NGAS
N.B!
- XAUUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
Natural gas is on the verge of a move The Natgas bottom looks very close. It looks to be forming a broadening bottom. A marginal new high, a small pullback , then take off.
NATURAL GAS - Why I am Bullish - FULL SETUPWait for the small trend (blue line) to be broken upwards with confirmation of retest and rejection and from there you can enter LONG.
We have interesting news from SAPPORO, which announced today that they will reduce GAS production, but, a big BUT, they mentioned that they will temporarily stop investments in this sector.
On the one hand, this can scare small investors and the price can make a DUMP up to the 1.8 area and from there the accumulation and capitulation necessary to go up, or it can break this trend even on Monday and see the beginning of a BULLMARKET for gas.
Personally, I think we will see an increase.
But I have a BUY order at 1.80 ready so as not to miss the opportunity.
Natural Gas Weekly Bear Flag potential but still holding Support- AMEX:NG AMEX:UNG AMEX:BOIL needs that 4 hours trend change otherwise even the big moves will essentially just fade
- still a potential weekly bear flag
- but still holding bottom wedge support and also double bottom on daily.
Crude Oil and Natural Gas - Bearish ReversalsCrude Oil (WTI) & Natural Gas have been in an uptrend.
Reversal Patterns are present, and BIG bearish moves are around the corner.
Technical Analysis:
- WTI: Ascending Channel Breach
- Natural Gas: Ending Diagonal
NG, on active accumulation phase..NG, is undergoing significant accumulation at the current levels. It revisited strong order block / support at 1.9 level and it touched this multiple times. It retested it and bounce back-- only to return to it multiple times. Let's see if it can finally muster strength to reverse from this level.
Spotted at 2.10
TAYOR.
Natural gas - bottom callers will be dead before risingMajority of traders are loading up on their AMEX:BOIL longs and natural gas futures long positions.
This is why SSL will be grabbed first between $1.5 to $1.7 before price can increase.
natgas - target 1,8Similar pattern.
Short view for the end of this week. I am waiting for 1,8 to buy natgas again.
Natural Gas Long Term Outlook | Importance of 4H Trend change | - AMEX:NG AMEX:UNG AMEX:BOIL cant stress enough we need to change trends, even if it is a very big move it will just fade if no trends are changed
- need to change the 4h and daily trend to the bulls
- likely tightening up in a equilibrium into May, still holding the teal support line.
Natural Gas Sell 2,302Trying selling from the 2,30 mark and short all the way too 2,1, should be some nice profits
LONG NATURAL GAS - TAKE PROFIT 2,310LONG TRADE ON NATURAL GAS / 15min Time Frame
The trade will be aviabale just now...
Natural Gas Is Looking For Lower SupportNatural gas is trading bearish for the last couple of months, but we see it in a larger (A)-(B)-(C) corrective decline that can be slowly coming to an end. We are actually tracking final wave 5 of (C), which should be completed by a five-wave cycle of the lower degree.
Natural gas is currently in an intraday consolidation within downtrend, ideally in subwave "iv" triangle pattern that can take it lower for wave "v" of 5 of (C) towards 1.6 - 1.5 area before it finds the bottom.
NATURAL GAS: 11th April 2023: Gas on FIRE !!NG..
Can be a rocket above the B level marked as per ABCD pattern.
Good Risk Reward from here.
Fighters lets bring out the swords and be ready for this fire rally {with strict SL as marked at point B :)}
Cheers!
Knight Kumar
NatGas LongNaturalGas strong bullish signal on H4 chart. There was a consolidation 2.10-2.25 levels, according the last move 2.25 level become a new support zone and this is quite a strong signal to buy...
2023 Tradingdesk for Natural gasFrom now i will have one main idea, and all the ideas as we reach cycle targets for the year will be updated in the thread.
I dont trade short term, keep in mind my ideas are longer term, and its boring.
We wait for the cycles to bottom and we wait once in the trade for the trade to mature.
Fallow, like so you dont miss the updates.
Apr 10,23-NG-Finally hit bottom?Some decent gains today...Finally!! So have we finally hit a bottom? Back in Mid to late Feb price bounced off the 2 mark...so it looks like 2 is a very strong bottom. Or are we just going to go sideways now for a while? No bloody idea!
But at least we have some gains today...could be a good week...or could just be sideways week - keep your eye on it.
Lots of financial activity this week from the Fed etc so markets could change instantly.
Trade safe and stay safe!
Heiko
NAT GAS LONG. The lows are LIKELY in for Nat GasNat Gas is probably THE most hated commodity now. Its reached MAJOR Horizontal Support, and 2 CONVERGING Trendline supports. ALL 3 are Converging at $2 level. Expect a bounce to 1st Target at recent highs $3 with Ultimate Target price at upper end of falling trend channel ~$3.55. Historical average Price of Nat Gas is $4 since 1990 with $1.62 - $2.00 range acting as MAJOR Support Zone for the last 35 YEARS.
Current price is also at the BOTTOM of the recent trading range and price appears to be forming a Wyckoff ACCUMULATION.
LONG Nat Gas at $2.01 and anything <$2.01. SL = CLOSING PRICE < $1.44. Reward:Risk = 1.75:1 at $3.00 target price and 2.7:1 at $3.55 Target Price
Trade what you see.
Rounding Natural gas on D time frameWe are retesting the Daily timeframe, im still in trade. close below, and im out
Natural gas, Time to buy?In a 12h of timeframe, i can see a rounding pattern with a break out, if we confirm it, I'm bullish on it.
Long natural gas Breakout retest needs to hold the last low
Close above 6 is better
In price 6.04
SL 5.4
TG on the graph
Will hold for a while
