NatGas: Athletic 👟💪🎾NatGas has been indulging in athletic activities – quite in accordance with its temperament. Since the end of wave ii in pink, NatGas has been exercising on the stairwalker, has been playing squash in the green trend channel and has been doing some aerobic. Next, it should proceed with trampolining on the blue zone between $5.554 and $4.684 to finish wave iii and iv in pink and then drop onto the pink mattress between $5.156 and $4.455 to complete wave v in pink, which also includes concluding the overarching downwards movement in the course of wave 2 in green. There is a 28% chance, though, that NastGas could skip the blue as well as the pink zone and lift itself directly above the resistance at $8.123.
Natural Gas
Oct 9,22-NG Long Still HopingIn looking at the weekly chart, I also added the Linnear Regression Indicator to give me an idea of where price action is...as you can see, it is at the outside so unless price continues to drop, we should expect a price jump.
Maybe I was a little early in my prediction, although price action has touched higher than the 7 mark in the last 2 weeks - I am hoping it will actually CLOSE above 7 this week.
Time will tell...Happy Thanksgiving to all you Canadians!!
Stay safe all.
Heiko
LNG Natural Gas Energy Play LongAMEX:LNG
LNG having trended down with the fall in the price of natural gas is now sitting in the support zone.
I anticipate an up-trending retracement to potentially as up as the resistance zone.
Rising relative volume and rising relative strength lend support to a reversal as does
the consolidation in the price of natural gas after a recent fall.
As a swing long trade the stop loss is below the support zone with the first target of about $ 160 or a 50% retracement
and the final target at $ 167 before resistance.
Natural Gas (Spot) weekly. NGThis weekly chart trend channel and wave count may
suggest the forthcoming trend of the Natural Gas price.
The last low at $5.4/MMBtu may suggest a bottom which
allows the price to trend higher in coming weeks.
However, we may see drop from current level of $7.03
to as low as $6 area before the uptrend may resume.
NATGAS in a 3rd trend, but may riseHi Everyone!✋🏽
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ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT!
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NATURAL GAS on a head & shoulder 🦐NATURAL GAS after the bull run is losing momentum.
The price on the daily chart is creating a head and shoulder and according to Plancton's strategy if the price will break below the neckline and satisfy the A ACADEMY rules we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Oct 4,22-NG Still Long at 7So today was a good day - NG recovered nicely from some serious lows of 6.3. WTF? No idea. Anyway...
We will see where NG ends this week but I'm hoping it will close above 7. Price action is almost at the green line of Williams Alligator - once it closes past it, we should be in good shape.
I'll keep you updated at the end of this week.
Heiko
Netgas Future goes dooooown Although the fundamental data would actually point to a price increase, I still see a price drop of around 30% for net gas before the upward movement can be sustained.
We completed the overriding wave in June 2022 and have been in a correction since then. Wave b was overshooting, which indicates a flat correction.
Thus, we should still reach the 0.618 retracement of the overarching wave at $4.612 before moving back up.
NATURALGAS - Long to resistance ✅Hello traders!
⁉️This is my analysis on NATURALGAS .
Here I expect bullish price action after price filled the imbalance from 6.613. I see price to take out buy side liquidity and to fill the imbalance from 7.667, where I expect to reject from resistance.
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Natural Gas - WEEKLY TIME FRAMEHey there,
#NaturalGas
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Oil & Gas to NEW HIGHSXOP - is in the same type of consolidation it has been TWICE prior to its' current location. It has already bounced off of $114 support level. I'm anticipating the price running to a resistance level of around $180 with a pull back which would launch it THROUGH the $180 level which it hasn't been over since 2015. If current market condition continue running its' course, $330 is very possible in 2024.
These are just observations and NOT predictions.
NG rally imminent creating BOIL rally - call strategyI expect NG to rally off the lower trend line of the pennant and go to at least the $8.47 liquidity zone. This is not purely a technical play as it is the season to expect increases in gas consumption/demand. Technically all the signs of a rally are present. The Weis waves for supply are decreasing and demand is increasing. The accumulation/distribution line has turned up. There is an increase in volume associated with the buys sufficient to build momentum to cross the creek/ break through the upper trend line. My target for NG is based on the liquidity left there from the last swings.
My first target for Natural Gas is $7.50. Second is $7.72. The trade will be invalidated south of the lower pennant trend line so a 'stop' placed there.
I am playing this long with October call options in BOIL While I am purchasing BOIL and not NG, my stop will be triggered by NG quote trigger - crossing 5 cents under the low of 9/26 at $6.72. It is possible there will be a shakeout/spring/liquidity grab before the real move so cannot set stop too tight.
This is what I see in NG1!:
And this is my chart for BOIL:
My play is options. Aiming for a home run on this. It is possible that both NG and BOIL will bounce off the targets the first time, so if you copy the naked option play the perfect play sells the calls on the pullback and buys back lower. But be careful being greedy! :)
$BOIL Nat Gas play scaling inBOIL is a very volatile ticker that follows NG Natural Gas Futures
Scaling into CSPs ( cash secured puts) OCT 45P trading at $4.90 here .
Used some of this premium to buy OCT $80 calls at 3.65
A bit of knife catching and mean reversion speculating here
If we get one more flush, will do final scale in .
I'm comfortable to roll or even be assigned shares as there are juicy premiums !
Higher risk trade idea, playing with profits !
NATURALGAS: Will Keep Falling! Target for Buyers is:
Hey traders,
Here is our technical analysis on NATURALGAS.
The level where the price is trading right now is decent and the price will most likely bounce from that.
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Natural Gas NG
Wait for a serious pullback, we need to respect the fact that this entire move is being retraced....
Natural Gas (NATGASUSD): Confirmed Breakout 💨
Last week, I shared with you a head and shoulders pattern formation
that I spotted on Natural Gas on a daily time frame.
The price has successfully closed below its neckline.
The price is currently heading towards 6.175.
Bias remains very bearish.
If you missed the entry, consider an occasional retest of a broken neckline.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Sep 27,22-NG-Buy time? I think soSo price action fell back a bit down to 6.7 and 6.8 so I put a Buy order in at 7. I'm anticipating this to be filled tomorrow. The storage report on Thurs might bring prices back down a bit depending on what the numbers are, but I'm hoping the numbers will spike the price up to 7.3 or so. Hoping to finish the week off at about 7.5
Your thoughts?
Heiko