NGAS testing the monthly supportat the moment of writing, NGAS is at the 1.845 level and is forming an accumulation level where an upside breakout will evolve.
we are closely watching for fakeouts on the top and bottom.
Ngaslong
NGAS Wait and then LongHere is the updated chart and plan. We got a bearish report which will make it decrease as trend suggest and then once public panics and they exit their longs, smart money will enter.
work plans for the jan futuresgap down fill to 2.96 by monday,falling from this price will be horrible.
then afterwards filling the gap at 3.22
NGAS in consolidationIt's seems that NGAS is completing a complex B wave, the sell is not really a good option but the buy setup looks compelling.
Can you spot the trend here Ngas is repeating the same pattern of the last year October
With winter coming, it is preparing to be bullish :)
Wait for the great buying opportunity next week or early november
Best of luck
Ngas Potential H&S Pattern Forming Dear Friends, as we can see a trend reversal chart pattern. Head & Shoulders pattern forming 1hr So a signal that the market is going to move Up. Price Pattern completion on the break of the neckline (fibo levels 0.618 around).
Let's see how it goes. Personally Expected Bearish trend for today.:)
P.S. Today, EIA Reports Natural Gas Inventories
Good Luck!
Buy setup for NGASBased on our bullish assumption from the last chart, NGAS is offering a nice buy setup
Everything is in the chart
Best of luck
NGAS long EU session waiting for short OpportuntyNGAS on daily Chart active long position trading during the EU Session.
Looking for Sell Opportunity at multi-zone confluences with multi-level Resistance (Pitchfork trend lines).
Good Luck!
NaturalGas NG Bullish SetupNatural Gas or NG is forming a nice bullish setup on the daily time frame. We can see that the price has already broken the upper range and is now touched a resistance area. When looking at the Stoch indicator theres enough buying pressure left.
This info combined with the forecast EL Nino and hot summer are strong bullish fundamentals for NG
NGAS Waiting for a Sell Opportunity We can look for short opportunity if the price retest the FIBO 0.618 level near 123 pattern KEY level, just WAITING 4 CONFIRMATION - Pullbacksell!
Good Luck!!!!
Natural Gas Analysis April Week IIIWe have highlighted our Ideal Entry, Ideal Stop Loss, Ideal Targets (1-3) and Ideal Exit. We have highlighted a counter trend position for those brave souls out there. We would love to hear your feedback. Follow us on Trading View & Twitter twitter.com .
NGAS: LONGAll technical indicators are oversold with signs of reversal on Daily and Weekly time frames. Additionally, we touched th 200d MA and bounced off of it.
Be careful though, this might be a short lived bull run as we might fail to break 3.1 and thus create opportunity for a leg down.
Thus I will set my first target at 3.1 and wait to see if there are signs of weakness.
Possible big NG explosion upwards.Three touches on each side of the wedge, perfectly touched the uptrend line, as well as a storage report coming out after market close tomorrow. Due to falling wedge and bull price action since last march i am leaning long-side here, but do your own due diligence and watch the movement after the report. If price takes off upwards i would expect quite the move here.
NGAS: Soon there will be a possibility for a long positionBased on Daily and Weekly technical analysis as well as fundamental I think there is a possible trade to the long side for NGAS in the upcoming weeks. I will post a more in-depth analysis when I see a window to enter the trade. For now I am keeping some cash to be ready.
Can Natural Gas challenge 4.050 or 4.450Since the first of November, NGAS has had a nice run up but now appears to be pulling back for a correction. As part of my learning Renko Charts, I've created three views of NGAS:
Daily TF: source/close | style/traditional | blksz/.050
2Hr TF: source/close | style/traditional | blksz/.025
5Min TF: source/close | style/traditional | blksz/.010
With the price above the 20, 50, and 200 EMA and with the +DI of the DMI dominant, the overall trend of this market is up. However, looking at the 2Hr and 5Min charts, it looks like there is a correction in play. Once this correction concludes, NGAS can begin it's move up to challenge the 4.050 or even the 4.450 level.
On the 2Hr chart, the charcoal box is what the 5Min chart expands out to. Some key things to note and/or watch:
5Min price has moved off the 200EMA
5Min TSI has moved below 0 along with the -DI of the DMI dominant
2Hr chart is now correcting and attention should be paid to the TSI. If it breaks below 0, then wait for it to move back above 0 along with the PSAR signaling a buy
For now, on side until price and indicators signal that up move is beginning to continue
Watch out NG breakoutNG gonna hit 3.2 due to the cold weather in east coast US. Prior, it tested the lower point of 3.08 and bounced back.
