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Naturalgastrading

NatGas: Pretty in PinkNatGas would look really pretty in pink, wouldn’t it? Therefore, it should proceed to move downwards to complete wave ii in pink in the upper pink zone between $6.055 and $5.325. Afterwards, it should turn around and climb upwards, crossing the resistance at $6.786 and heading for the next one at $8.118. There is a 33% chance, though, that NatGas could acquire taste for more pink, drop below the support at $5.325 and into the lower pink zone between $4.835 and $4.205.
NYMEX:NG1!
by MarketIntel
NatGas: GeyserLike a geyser, NatGas is spouting upwards from the white zone between $6.255 and $6.684. We expect it to have enough drive to reach the resistance at $8.065 soon. There, it should gain some more momentum to make it into the orange zone between $8.559 and $9.241, where wave (5) in white as well as wave iii in orange should end. However, there is a 42% chance that NatGas could rebound off the line at $8.065 and subsequently drop below $6.466. In that case, it should fall into the green zone between $5.687 and $4.939 first before rising back above $6.466 and further toward $8.065.
NYMEX:NG1!Long
by MarketIntel
1
NATURAL GAS FUTURES (NG1!) MonthlyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. This is not trading advice. Trade at your own risk.
NYMEX:NG1!
by Dinjin
Natural Gas: Fundamental and Technical Weekly Outlook.This is a break down weekly analysis of Natural Gas. Fundamental Analysis: - Natural gas futures started the week lower, a new multi year low. - Last week's much larger than expected government storage report is a very bearish indicator for the price. - The latest weather models show almost zero chance of a cold pattern, which is also bearish for the price. - Uncertainties in relation to Chinese demand on LNG continues to grow and remain bearish for the price. Technical Analysis: - The pattern is still a Channel Down since the November 05 high. - The Resistance level is at 2.160. - The MACD has turned bullish on the 1D chart. - The MA50 is acting as a Resistance and since 2019 as long as it had, the trend was bearish. The two times it broke by a wide margin it completed a rise of around +22%. At the moment the MA50 is exactly on the Resistance level. The above mix of indicators suggests that Natural Gas remains bearish long term. Technically as long as the price trades below the MA50 on the 1D chart, then selling on every rise is suggested. If the MA50 breaks (hence the Resistance level) we may get a +22% rise. If you like this idea give us a like, follow and share your thoughts in the comments section below. Remember to stay tuned for future technical analysis , news, updates, and more from PrimeXBT!
NYMEX:NG1!Short
by PrimeXBT
1