GNM1! trade ideas
NATGAS Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for NATGAS below:
The instrument tests an important psychological level 2.503
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.683
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
NATURAL GAS Rejection at the top of the Falling WedgeNatural 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 the trend reverses and gives a candle closing above the Lower Highs, we will take the sell's loss and buy instead, targeting 3.300 (projected 1W MA100 extension).
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NATURAL GAS: Rejection on the 7 month Resistance.Natural Gas is only marginally bullish on its 1D technical outlook (RSI = 56.609, MACD = 0.187, ADX = 40.616) as it failed to cross over the LH trendline. At the same time, it is supported on the 1D MA200 having broken out for the first time since January 3rd. Long-term we remain slightly bullish on NG but on the short-term, we will wait for LH validation. If the price crosses above it, we will take a short term buy and aim for the R1 level (TP = 3.350). If instead the price crosses under the 1D MA200, we will take a short term sell aiming at the 1D MA50 (TP = 2.200).
See how our prior idea has worked out:
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Natural Gas every 4 years The natural gas markets have broken above the crucial $2 level, and it looks like we are probably going to continue to go higher. All things being equal, the short-term pullback should be buying opportunities that we take advantage of. This is an investment. This is not a short-term smash and grab trade. Keep in mind that supply is still a major issue with natural gas, but perhaps people are starting to realize that there’s natural gas in the Middle East and maybe geopolitical issues come into the foray and drive prices higher.
Nonetheless, I don’t think this is a long-term issue. I do think that you’re looking to buy dips in a lowly levered position, in my case an ETF, and just hanging on to it for the majority of the year as an investment. I think we could go for $2.50, but it’s going to take a while.
Credit: Christopher Lewis - FX Empire
Natural Gas ShortPrice breached resistance with a strong red candlestick. We were overbought on RSI and we are in a pullback that may reach first the white line at $2.34.
MACD supports this, as the histogram shows strong downward selling pressure and the MACD is below the signal line in the 4H chart.
Also we are looking a divergence in RSI, doing lower lows, but we still have to wait for price to see if it will rebound before reaching the white line to have the divergence in price completed and with a new local higher low, but until so, Natural Gas is bearish.
NATGAS: Bullish Continuation
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
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NATGAS The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for NATGAS below:
The instrument tests an important psychological level 2.638
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.455
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
Natural Gas Prices Rally Amidst Geopolitical Tensions and MarketNatural Gas Prices Rally Amidst Geopolitical Tensions and Market Sentiment Shift
The price of natural gas is staging a recovery, currently trading around $1.80 as of the time of writing. Preceding any technical analysis, it's important to note that the US Dollar Index is experiencing a slight decline, as market sentiment favors risk assets over safe havens and cash.
Natural gas futures are showing signs of strength ahead of the US trading session this Tuesday, surpassing the $1.80 mark. This uptick comes after tensions between Israel and Iran nearly escalated into a direct confrontation, causing concerns in the market. Despite the de-escalation of tensions over the weekend, natural gas prices are on the rise, buoyed by a shift in investor sentiment.
Both equities and commodities are regaining favor, with several analysts predicting a notable increase of 10% to 30% in commodity prices, particularly precious metals. Additionally, we are entering a period of seasonality for natural gas, historically marked by price growth during this time of the year.
Technical indicators further support the bullish outlook, with the Relative Strength Index (RSI) exiting the oversold territory and currently above the 50 middle level. This suggests a potential long setup trade for a swing reversal, aligning with the seasonal trend.
In light of these developments, traders may consider maintaining open positions for an extended period, in anticipation of the forecasted price movements driven by both geopolitical factors and market sentiment shifts.
Natural Gas MCX Future Technical Analysis for 14 May📊 NG MCX Future Technical Chart Analysis
🎯 Range Point: 196.60
🎯 Day Range: 11.00
📉 May Future Buy Above: 193.00
📉 Average At: 191.70
🎯 Buy Target 1: 203.40
🎯 Buy Target 2: 207.60
🛑 Buyer Stoploss: 189.33
📉 Sale Below: 190.40
🎯 Sale Target 1: 189.80
🎯 Sale Target 2: 194.07
🛑 Seller Stoploss: 194.07
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NG1! BEARS ARE STRONG HERE|SHORT
Hello,Friends!
We are going short on the NG1! with the target of 2.000 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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