Thursday: NGAS - Week 29Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
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Naturalgasbuy
Friday: Natural Gas - Week 20I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
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Monday: Natural Gas - Week 20Natural Gas is still on an up-trend and still going strong. "The prevailing trend is in existence until it is proved to have been reversed." ---> this is a very important concept that most traders tend to disregard.
- At this moment NGAS still looks bullish, so every time a buying opportunity presents itself I will take it, but, I will only take short-term buys from this point, and hold my other buy for longer-term.
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
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Natural gas mcx Natural gas mcx looking like fifth wave has been started,
Looks Bullish, one can go Long above 220 levels,
All the key levels are mentioned in chart with Stop-loss and Targets.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Wednesday: Natural Gas - Week 19There are lots of corrections currently in NGAS, but this is nothing new, this is quite common in NGAS. 2 big corrections in a row often happens.
- Right now we have an impulse, and a 3-wave corrective structure, the up-move is in play and a high probability play.
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
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Friday: Natural Gas - Week 18I meant to write that it's -------- a Running Flat ------------
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
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Scenarios: Natural Gas - Monthly ChartFor now, it looks like the bigger picture is climbing steadily towards previous highs. On lower timeframes there have been lots of good buy-setups, we're in the middle of the structure now, so being patient and waiting for good quality R/R buy-setups is a good idea.
The volume on the monthly has been declining as well because we have been correcting. A spike in volume would indicate buyer and market strength, and a good time to be involved in the market.
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
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Wednesday: Natural Gas - Week 18I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
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Tuesday: Natural Gas - Week 18I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
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Scenarios: Natural Gas - Week 18I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
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NATURAL GAS - Buy Entry - H4 Chart ??NATURAL GAS - Buy Entry - H4 Chart
One to Watch 👍 Will need a confirmation candle off the Yearly Pivot Point
Recommended Risk - Stop Loss @ 0.5% to 1% of your Account Balance
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MXC in a channel, about to break out?Hi. In this chart I've plotted one resistance line and one support line, both quite short term. With these two I've also plotted two more long term zones:
One wide diagonal support zone that has played out since April 2020. Its very strong and if broken could be a strong indicator of a trend turn.
One tall resistance zone that while not very strong could still indicate roughly the height that the price could go if it goes sharply bullish in the near future.
With this I've also included an MA 56 to reinforce the strength of the support zone as the MA has danced along it for a long time.
I've also included a MACD to assist in any predictions regarding impending price movement. To me it indicates an impending short term bull run, as it could be about to cross the 0 line.
In conclusion:
MXC is still in a strong bull run and has been for a year.
There are no signs that a trend reversal is impending and with the recent price spikes I would conclude that the price wants to rise above the resistance zone plotted and MXC could be a solid investment for long term investors with perhaps the only downside being a longer ROI.
For short term investors the impending resistance zone break could be a nice spike to go long on, as plotted with price points.
Thank you. Please, if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods with you.
This does not constitute financial advice.
Any projected prices, even if explicitly stated, are made with intent to discuss the symbol and potential interpretations.
Any trades shown or mentioned are examples and neither recommendations or mandates.
Potential Beginning of a New Bullrun on Natural Gas Going in into 2 CURRENCYCOM:NATURALGAS 021 we could potentially see the price of natural gas head into $3.00 and beyond in the first quarter of next year.
Natural Gas Price ForecastNatural gas markets have turned around after initially falling during the trading session on Tuesday to reach down towards the $2600 level. Ultimately, the 50 day EMA above will be tested as resistance, but I suspect that the real target will be closer to the $3000 level.
CAPITALCOM:NATURALGAS
ridethepig | NatGas Finding a Floor📍 Natural Gas
The proud floor - such is the name sometimes given to support - is a useful weapon in the hand of buyers. And yet for a time, I toyed with the idea - a seasonality one, I must admit. We cannot simply dismiss the deep examination; namely the elements and the strategies involved in trapping our opponent. For example, the fake breakdown and slingshot restraint.
I have decided that the advantage is with buyers and can be seen in the elements:
Buyers are coming in and preventing the loss of 2.5 and slowing down the said decline. The reason is clear, demand is ticking up and cancelling out the artificial dollar devaluation. We will use the fake breakdown as our invalidation level, as long as we are ticking above 2.38x we can continue to work longs.
It is scarcely possible to set down on paper all the various maps in which the end game of a cycle can be unpleasant. But I will try to mention briefly all of the most important ones. A round of chart updates will continue over the coming sessions and days.
Thanks as usual for keeping the feedback coming 👍 or 👎
This is the future of world energy !
This is the future of world energy !
another correction to complete second wave and $6.6 is target of wave 3
Natural Gas 9 novembernatural gas has declined significantly but winter is here so demand for it is there.
predicting a bearish movement unless it hits my sl
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NATURAL GAS Technical Analysis Growing Trend!!CURRENCYCOM:NATURALGAS
Price target: 3.4 $
Stop : 2.942 $