Ng1!f
NG1! What Next? BUY!
My dear friends,
My technical analysis for NG1! is below:
The market is trading on 2.643 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2. 693
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Is Natural Gas(NG) Preparing for a Big Bounce???Technical Analysis:
- Natural Gas is in a weekly edging buy area and any moment it can bounce once wave (5) in blue will be done
- Anyway, the big probability with actual data is that a small extend could happen in the wave (5)
- H1 right side is turning down
- H4 right side is down
Technical Information:
- If you're a position trader or long term investor, you may buy in the actual level
- And if you're a swing trader, wait for possible extend in wave (5)
NATURAL GAS Short-term buy but expect long-term reversal soon.Natural Gas (NG!) is struggling to get past the 1D MA50 (blue trend-line), which is the short-term Resistance and at the same time is supported by the 1D MA100 (green trend-line). The long-term pattern is a Bullish Megaphone and besides the 1D MA100, the price action is supported by the pattern's bottom (Higher Lows trend-line).
Recently however the pattern that has emerged is a Head and Shoulders (H&S) and it remains to be seen if it establishes itself on the immediate price action, which technically means a sharp decline, as in theory it is a bearish pattern.
On the short-term, you can buy up to the Lower Highs trend-line and target 2.750. On the long-term we believe the upside is limited by the 1D MA200 (orange trend-line), which is now on Resistance 2 (3.025) and most likely will reject any spike on Resistance 1 (2.865).
So on the long-term, if the price breaks and closes a 1D candle below the 1D MA100 and Higher Lows trend-line, we will open a long-term sell and target 1.950 (Support 3).
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NG1! Buyers In Panic! SELL!
My dear subscribers,
NG1! looks like it will make a good move, and here are the details:
The market is trading on 2.605 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.495
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
NG1! BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
We are targeting the 2.478 level area with our short trade on NG1! which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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NATURAL GAS: Trade above or below these levels.Natural Gas is basically neutral on the 1D timeframe (RSI = 47.497, MACD = -0.005, ADX = 30.454) supported by the S1 Zone (holding since June 21st) and restrained below the LH trendline. The 1D RSI is inside a Rectangle, which since May 4th has given excellent sell entries on its top and buy entries on its bottom. You may trade according to that but we will take a breakout approach and sell if the price breaks under the S1 Zone on the first rebound and target S2 (TP = 2.210) or above the LH trendline and target the 1D MA200 (TP = 2.900).
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$KOLD one more leg up? Short Natural gas for 100% gain?Really liking the look of the AMEX:KOLD chart.
We've largely been in sideways consolidation since early February and with the recent test of the bottom of the structure, KOLD looks poised to move higher.
I bought throughout the day today with the average entry at $61.23. I'm looking for around 100% move to the upper resistance.
Risks:
- A reversal that goes through the bottom support of the structure
- 1 more retest of the bottom of the structure before the real move starts (if that happens, I'd be looking at price action having a tough time making it through $72 leading to a reversal).
Reward:
Upside 100% with an exit at $123.29
The Lengthy Wave 4 BeginsWe don't usually advise trading wave 4's as they can get overly complicated, however upon waiting for what should be the minute wave B we are advising our clients to go long as there is an off chance the minute wave C could be a minor wave 3 if the bottom is in. This is not our primary count though and we believe there is one more intermediate wave down to complete the primary wave C. Going long in our green box around $2.4 should provide us with at least 800 points of movement to $3.2 to complete the minor wave A. As always when trading natural gas you have to be prepared for extreme volatility and manipulation so be sensible with your position sizing.
Here's a closer look at the recent price action -
NG1! BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
It makes sense for us to go short on NG1! right now from the resistance line above with the target of 2.448 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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NG1! The Target Is DOWN! SELL!
My dear subscribers,
NG1! looks like it will make a good move, and here are the details:
The market is trading on 2.762 pivot level.
Bias - Bearish
My Stop Loss - 2.837
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.626
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
NG1! - The heating season is coming up soon.ahead of the heating.
Everyone needs gas.
The war will make gas more expensive.
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.