Xngusd
NATURAL GAS LONGHelloooooooo PIPPIN TRADERS!!! I'm back with another one. Natural gas is showing a sign of a small correction down to around 6.70 before we have another push upwards to 8.00. Good risk to reward...trade with care!!
NGas LongHi traders,
Following our last NGAS signal that hit our massive take profit I noticed an ABCD trendhike on the weekly timeframe and will hold my remaining positions to new take profit point $8
Wheat, Naturalgas, Brent, Coffee and Cotton vs BTCWheat, Naturalgas, Brent, Coffee and Cotton vs BTC in one chart, all long!
NATURAL GAS ...GAMBLERS PARADISEIf you go with support & resistance can catch short opportunity when breaks 3.9 for upto 3.5.
nevertheless god knows where it gonna go if russian nose in ukrain starts sneezing.
best luck.
Natural Gas: Bubble explosionTrade: short
Target: $4.85 - $4.75 range
Russian President Vladimir Putin instructed Gazprom to increase supplies to the company's storage facilities in Europe. This announcement of the Russian President pressed gas prices.
XNG/USD has formed a "head-with-shoulders" pattern. The price is about to break through the neckline. After the breakout, we expect a tiny pullback with the retest of the neckline from below. After that, we await a massive down movement with the target at the $4.85 - $4.75 range.
If the price breaks through this range, the next support will be only at $4.20!
XNGUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Looking to go long XNGUSD (Natural Gas)This commodity has been in a bullish run since April 2021. It found resistance at 3.810 but after a few attempts, on 20 July it broke above this ceiling. These last few days it has been trying to retest this level and I am hoping that it will do that early next week (starting 02 Aug).
My intention is to place a pending buy order in the region of 3.80/3.84 with a stop below 3.760. If my analysis is correct and the bullish trend continues, we should be able to get to 4.08 with ease. This has the potential to be a 2.5R trade or more (with patience).
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Always use sound money and risk management in all your trades.
The diagonal pattern in the range of $ 3.08
( Daily Chart )
In the daily chart, the first 5 ascending waves have ended in the range of $ 3.40 and the price has entered the corrective phase of this uptrend.
Note that this is one of the most likely scenarios.
The first corrective wave is finished around $ 2.25 (a wave a) and the corrective movement of this wave is around $ 3.08 in accordance with the RSI.
In the 240-minute chart, you can see the structure of the sub-waves, and in the 60-minute chart the price is currently in the first descending trend, which could fall to the short-term target of $ 2.53.
Very important notes:
The long-term target for natural gas (XNG), as has been shown in the daily chart is in the $ 1.92 range, which is the overlapping point of the two Fibonacci ratios.
- The trend line drawn in the 240-minute chart is very important and the price should be fixed below this range to confirm this scenario.