NG based on monthly data is registering very significant net buy volume at the current price range. Seller's strength is certainly fading out based on thinning price volatility this past few days / weeks -- as shown on yellow price lines on chart. NG is currently sitting at a strong major support at 2.0 to 2.5 area, a 1.0 FIB discount level -- this is where most...
Natural Gas Elliott Wave Count TRADENATION:NATURALGAS MCX:NATURALGAS1! FOREXCOM:NATURALGAS CAPITALCOM:NATURALGAS MOEX:NG1! Elliott Wave Count!
NG Elliott wave count MOEX:NG1! CAPITALCOM:NATURALGAS FOREXCOM:NATURALGAS MCX:NATURALGAS1! TRADENATION:NATURALGAS Weekly chart Elliott wave count
natural gas elliott wave count MOEX:NG1! CAPITALCOM:NATURALGAS FOREXCOM:NATURALGAS MCX:NATURALGAS1! TRADENATION:NATURALGAS Elliott wave count!!!
Natural Gas is entering a period where its price tends to grow exponentially until October. We have identified a potential Demand area with a trigger price at $2.20. Given the favorable conditions and the seasonality trend, we see an opportunity for a Buy Limit order. With a reward potential of 2X, this setup offers a promising risk-to-reward ratio, making it a...
Natural Gas (NG!) hit last week the top (Lower Highs trend-line) of the long-term Falling Wedge pattern that started on the April 10 2023 Low and was immediately rejected back to the 1W MA50 (blue trend-line). As long as it holds, this rejection indicates that technically, the new Bearish Leg should start. Our Target is 1.550 (just above Support 1). If however...
NG - Natural Gas is approaching a sell zone. Let the GAP close and look for a price near the 88.6 FIB level for a retracement down. As always, secure 20 PIPS! Share your thoughts. The Professor
Analyzing the options chain and the chart patterns of NG NovaGold Resources prior to the earnings report this week, I would consider purchasing the 3usd strike price at the money calls with an expiration date of 2024-6-21, for a premium of approximately $0.37. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
If the price reach to the box, I will start to buy Gas or some shares which has correlation with Gas...
Natural Gas / NG has been trading inside an 18 year Channel Down pattern. It has been below both the 1M MA50 and MA200 since January 2023, as it entered into the 2nd phase of the Bearish Wave. Last week it hit the Falling Support Zone as well as the horizontal Support Zone, which is in effect since December 2015. The 1M RSI touched its own Rising Support. We...
Natural Gas is on a very sharp four month decline after failing to cross over the 1M MA50, the second most aggressive four month drop so far in the past 19 years. Since the July 2008 High, the market is trading inside a Channel Down and this sharp decline is technically the final phase of the Bearish Wave to a LL at the bottom of the Channel Down. That means that...
Historic Price Opportunity: NYMEX:NG1! (Natural Gas) is at a crucial level, with prices hovering at a point not consistently broken since a monthly close in July 1995. The weekly chart reinforces this, showing rare closures below this threshold over the last 30 years. Technical Indicators: RSI Bullish Divergence: The weekly RSI divergence suggests...
Those who follow us for long know that when trading Natural Gas (NG1!) we use a very distinct long-term pattern that has been in effect for more than ten years and last time (January 22 2023, see chart below) has helped us take a new short at 3.174, running so far +100% in profit: As you see on this 1W chart, the price is now below the High Volatility Zone,...
Technical Analysis: - NG is still finishing a wave ((II)) in Blue in RED . We expect after a bounce in a wave ((1)) in Black - H1 right side is down - H4 right side is turning down Technical Information: - You must wait for the wave((II)) in Red to be completed in order to buy as( Position Trader))
With its recent high, the Natgas price should have established the high of the blue wave (iii) and is now in an intermediate correction of the blue wave (iv). We have already drawn a target zone between $3.02 and $2.90 where the price should now dip deeper and reverse. Following the low of this move, it should then go beyond $4 again before the magenta wave iv is...
Natural Gas - Elliott Wave Count Natural Gas - the market seems to be forming ending diagonal on C of Wave 4 and we can see a decline to wave 5 soon. Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading CAPITALCOM:NATURALGAS AMEX:UNG MCX:NATURALGAS1! PEPPERSTONE:NATGAS MOEX:NG1! ...
Naturalgas - Elliott Wave Count Naturalgas - the market looks like in Triangle B and after the correction up to 2.34 or below level we can see a good pullback towards 2.78 range. Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading MOEX:NG1! MCX:NATURALGAS1! CAPITALCOM:NATURALGAS ...
Natural gas ling term upside. Alredy broke resistance..as per fibo my target is 3.1..