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NGAS

There is a trading opportunity to buy in NATGASMidterm forecast: . While the price is above the support 1.550, beginning of uptrend is expected. . We make sure when the resistance at 2.250 breaks. . If the support at 1.550 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: . While the RSI downtrend #1 is not broken, bearish wave in price would continue. . A peak is formed in daily chart at 2.024 on 05/20/2020, so more losses to support(s) 1.800, 1.700 and minimum to Major Support (1.550) is expected. . Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. . Relative strength index (RSI) is 47. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.800 to 1.700). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.800) Ending of entry zone (1.700) Take Profits: TP1= 1.900 TP2= 2.000 TP3= 2.100 TP4= 2.250 TP5= 2.500 TP6= 2.700 TP7= 2.950 TP8= 3.350 TP9= 3.700 TP10= Free ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
NLong
by ForecastCity
26
There is a trading opportunity to buy in NATGASMidterm forecast: . While the price is above the support 1.550, beginning of uptrend is expected. . We make sure when the resistance at 2.250 breaks. . If the support at 1.550 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: . While the RSI downtrend #1 is not broken, bearish wave in price would continue. . A peak is formed in daily chart at 2.024 on 05/20/2020, so more losses to support(s) 1.800, 1.700 and minimum to Major Support (1.550) is expected. . Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. . Relative strength index (RSI) is 47. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.800 to 1.700). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.800) Ending of entry zone (1.700) Take Profits: TP1= 1.900 TP2= 2.000 TP3= 2.100 TP4= 2.250 TP5= 2.500 TP6= 2.700 TP7= 2.950 TP8= 3.350 TP9= 3.700 TP10= Free ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
NLong
by ForecastCity
44
Don't miss the great buy opportunity in NATURALGASTrading suggestion: . There is a possibility of temporary retracement to suggested support line (2.1). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NATURALGAS is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 2.340 TP2= @ 2.518 TP3= @ 2.937 SL= Break below S2
NLong
by ForecastCity
27
Don't miss the great buy opportunity in NATURALGASTrading suggestion: . There is a possibility of temporary retracement to suggested support line (2.1). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NATURALGAS is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 2.340 TP2= @ 2.518 TP3= @ 2.937 SL= Break below S2
NLong
by ForecastCity
26
Don't miss the great buy opportunity in NGASTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.78). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NGAS is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 52. Take Profits: TP1= @ 2.02 TP2= @ 2.21 TP3= @ 2.49 SL= Break below S2
NLong
by ForecastCity
7
Don't miss the great buy opportunity in NGASTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.78). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NGAS is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 52. Take Profits: TP1= @ 2.02 TP2= @ 2.21 TP3= @ 2.49 SL= Break below S2
NLong
by ForecastCity
18
Don't miss the great buy opportunity in NGASTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.90). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NATURAL GAS is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 51. . While the RSI resistance #1 at 43 is broken, so the probability of the beginning of an uptrend is increased. Take Profits: TP1= @ 2.09 TP2= @ 2.21 TP3= @ 2.49 SL= Break below S2
NLong
by ForecastCity
8
Don't miss the great buy opportunity in NGASTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.90). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NATURAL GAS is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 51. . While the RSI resistance #1 at 43 is broken, so the probability of the beginning of an uptrend is increased. Take Profits: TP1= @ 2.09 TP2= @ 2.21 TP3= @ 2.49 SL= Break below S2
NLong
by ForecastCity
12
NGAS: Natural gas is a low risk buyI think Nat Gas is bottoming here for a while. It can swing up strongly, if it holds up. We have 4 days without going any lower, soon to be 5, the next move is going up and retesting the key level at 2.27, if holding over it, the next level is 2.88. We have 5 months already, where price stayed higher than the lowest low which took place back in August 2019. A higher high by February would be extremely constructive for $NGAS. A 3 times the daily Average True Range indicator value stop loss distance would give long positions enough room to breathe, in case it didn't yet bottom in the daily chart. Normally this is a good stop loss methodology, to buy into mid term positions and avoid short term noise. Cheers, Ivan Labrie.
FX:NGASLong
by IvanLabrie
Short on Natural GasNGAS (Henry Hub) has unsuccessfully tried to break the DEMA 31 line, as highlighted in the chart in the ellipse. After the unsuccessful attempt, it broke down the channel until the 0.786 Fibonacci retracement. Our assumption is that it will continue the downfall until the support line at 2.197. After that, it will be safe to close half or more of the trade, because there is a good chance of a pullback there. If you decide to short and willing to take the additional risk, shorting UGAZ will be better than long on DGAZ because of the lower price of UGAZ (and subsequently- lower fees). More on our website: iam-unchained.com
FX:NGASShort
by IAmUnchained