IGA1! trade ideas
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.
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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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Natural Gas Price Forecast | Oil, Silver, Gold00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
06:37 AMEX:UNG Stock Forecast
08:46 USO Oil Stock Forecast
10:37 DXY US dollar Stock Forecast
11:33 Gold XAUUSD Stock Forecast
12:38 Silver XAGUSD
Natural Gas Price Forecast | Oil, Silver, Gold
NATGAS Trading Opportunity! SELL!
My dear subscribers,
NATGAS looks like it will make a good move, and here are the details:
The market is trading on 2.252 pivot level.
Bias - Bearish
My Stop Loss - 2.355
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.090
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
NATTY running out of NATTYI'm going with the contrarian view here with the green line which is a 20% drop.
After some bullish news, we saw NATTY wake up briefly, however, stock piles are still as high as you can wish as a consumer for cheap gas.
This will eventually tip over and when it does it will fly real high, real fast.
Once more gas producers announce that they're cutting production make sure you have a position in place, but for now - NATTY DOWN.
Let me know what you think and good luck!
GASINO BABY
Natural Gas MCX Future Analysis for 8 May, 2024📊 NG MCX Future Technical Chart Analysis - 8 May, 2024
🎯 Range Point: 180.70
🎯 Day Range: 10.60
📉 Buy Above: 183.69
📉 Average At: 182.85
🎯 Buy Target 1: 188.59
🎯 Buy Target 2: 191.30
🛑 Buyer Stoploss: 180.16
📉 Sale Below: 182.10
🎯 Sale Target 1: 179.81
🎯 Sale Target 2: 185.63
🛑 Seller Stoploss: 185.63
Natural Gas Price Forecast | Oil, Silver, Gold00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
06:37 AMEX:UNG Stock Forecast
08:46 USO Oil Stock Forecast
10:37 DXY US dollar Stock Forecast
11:33 Gold XAUUSD Stock Forecast
12:38 Silver XAGUSD
Natural Gas Price Forecast | Oil, Silver, Gold DXY
Natural Gas Technical Chart Analysis 7 May, 2024Natural Gas MCX Future Intraday Chart Technical Analysis - 7 May, 2024
Range Point: 186.30
Intraday Range: 10.60
Buy Above: 184.95
Average At: 183.70
Buy Target 1: 192.85
Buy Target 2: 196.90
Buyer Stoploss: 181.42
Sale Below: 182.45
Sale Target 1: 179.75
Sale Target 2: 185.98
Seller Stoploss: 185.98