Natural Gas - BUY - rebound towards the resistance level.Despite the current downward pressure on the price of natural gas, it is expected to rebound towards the support level which has now turned into a resistance level, but may subsequently resume its downward trend. This could potentially create an opportunity for quick profits
Natural Gas
TIME TO LONG, TARGET 3.69Following weekly and monthly chart in medium term.
I think it's time to pull back, also my indicator in on the bottom, so let's try a long.
TP1 3.69
TP2 4.39
SL 2.78 - Please wait for next week close price to stop, they can show even deeper but expecting a long here.
Feb 15,22-NG-serious sideways actionI can't say when NG will rise again with any significance, but it looks like NG has a floor around 2.350. This is about the low that NG has hit the last 3 weeks.
I'm putting in a standing Buy Order at 2.350
I expect price action to hit this level at some point over the next week or 2. I'm hoping not to miss the next rise up, maybe to 3? Even if it does, I'd say price will come right back down to the 2.5 area and hang out.
Whatever you trade, if you trade NG, keep a close eye on your trade. Lord knows the Big Boys can step in anytime and ruin most of us little people.
Stay safe all.
Heiko
NATURAL GAS: Short term buy signal may be emerging.Natural Gas is very bearish on the 1D time frame (RSI = 36.041, MACD = -0.435, ADX = 40.625) with the RSI a few days back even oversold as since the December 15th Triple Top it has been falling non-stop.
That fall was initiated not just because of the Triple Top but also because of the RSI's Lower Highs (LH), which flashed a Bearish Divergence.
The price this month has been ranging sideways within the 2.340 Support and the 2.655 Resistance. Being this time on a Triple Bottom and with the RSI on HL (Higher Lows) we expect a short term rise to start if the price crosses the 4H MA100, which is untouched in 2 months. We will target the 4H MA200 (TP = 3.000).
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Natural Gas - Long view for next tradeThis is my view for Natural gas in the short time.
If the price break the resistance area I will open a long trade with target near 3$ area..
Stop below tha actual minimum area with a very light loss.
dont't open long position without the breakout ...
only for speculation not for investment.
Recap of my trade for todayGood evening and good afternoon for American traders, I shared an idea where I said to buy NATURALGAS and I want to give a quick recap in order to encourage new traders to hold their trades for long time.
I have drawn on the chart all the points I added contracts after the pullback on the vwap which plays a strong support and resistance role in my trading system.
After seeing the configuration I follow to close, I kept waiting for several candles and added on more contract just for fun since I sat the SL right below the last contract I opened and kept watching for a while what will happen, then I noticed low volumes and I closed at the end of the small candle.
See you tomorrow in a new trade !
BUY NATURALGASGood morning traders, I'm sharing with you my trade on NATURALGAS for today, I'm riding a long trend since we got a breakout of the channel with a high volume followzd up by a pullback on the vwap which represents a confirmation on my trading system.
Set SL and TP on your own
Natural Gas: on watch for a breakout!We discuss the latest daily and intra day price action.
Some education about basing formation and what we need to see to gain likely more upside.
Natural Gas at supportNat Gas, the widow maker - is at the 100 month ma (green line), which was a resistance level during it's consolidation and should be a support here. How much of a bounce it can get is hard to say but my guess is at least to 6 dollars sometime this year. This is a monthly chart.
Natural gas long setupHi traders.
Look my previous idea about natural gas. We were disciplined and did not try to cath a falling knife.
But now we believ the time is right for a trade. Cycles short term and long term point out a low this week
for a good entry.
We have a stoploss at 7.30 and target of 29-30 range. Trading symbol BOIL.
Hopefully our patience last few weeks will be rewarded.
I dont trade often, since i am only waiting and being patience, so the entrys are medium to long term.
And once we are inn we wait again for the profitt target to get hit. Being a good trader is having alot of patience,
and never chasing price, never trade if your emotions are out of whack, we need zen state.
BUY NATURAL GASGood morning, This morning I'm sharing with you another trade my team and I got in.
All I can say about the reason why I have bought is as you can see on the chart a pullback on the VWAP followed bu a high volumed candle which gave us confirmation to buy.
TP and SL set them on your own.
Natural Gas anticipating Wave 4Hello,
I think NATGAS completed wave(3) when it reached $2.41, if that support line hold, I expect a correction until $4.50 or even $5.00, however its too early to decide from which price wave 5 will start.
I believe the chart explain every thing. let me know if you have any comment.
good luck.
Nidal Khalid
Massive signal from the market today! Daily AnalysisWe discuss all the major indices and fundamentals heading into the important Jobs number tomorrow.
The market is in a vulnerable point especially if the economic data comes in better than expected.
Massive earnings tomorrow could add to the volatility.
2 important market signals today from 2 leading stocks.
Nat Gas Accumulation TimeWe're coming in to a zone near the $3 mark where we belive it would be prudent to start accumulating long positions in natural gas. Using Elliott Wave anaylsis in conjuction with fundamental analysis we're pretty certain there's a huge upside to natural gas. We're unsure as to whether this will be a wave 3 or a wave C to the upside, but ultimately that doesn't matter as both will provide us with an upside target of at least $10+. Fundamentally there will be a bigger surge in natural gas demand as it has become evident that the world is not ready for renewable energy to support our power needs (if it ever will be able to support us entirely) so 'cleaner' fuels such as natural gas will be used in the immediate and near term to meet the global energy demands. As always with trading we don't need to know everything, we just need to be on the right side of the movements to make money and we're pretty certain this is going to be a huge move to the upside in the coming weeks and months.