NG on bust possible to close old gap at 3.00 quite possible in mNG did a nice move not just from technical point of view covering some low value areas but was pushed by:
1. warm weather USA and parts of Europe
2. Nederland closing one of biggest NG field
3. Some maintenance work of gas pipe lines in Norway (for June time)
4. some work on LNG terminals in USA
Gas in Europe jumped as well and this may give push for further moves for the NG
NG has tendence to do a sell after such a jump of 9% after some small up days. So if this time we see a pull back to 2.52 and bid coming back it may be a game changer for next days.
Since NG enters some low value areas ( and single/poor TPOs, sell from 2.8) don't mind we may close gap around 3.oo
below ling to TPOs and foot print chart (here by the way we had 4 M30 blocks with some nice bid so who load there, would for sure try to push price up to distribute this). Hope it works
app.screencast.com
IGA1! trade ideas
Nat Gas may get bubblyAfter a bottoming process and a reset of the rsi, a surge up is possible here. Nat gas is also at structural support which usually reacts with price in a positive or negative way. Holding here and not getting below 2 dollars would be very positive. If correct, the target is about $3.50
Further possible Long trend in NGlatest move due to weather in TX in USA. Hot time for Europe comas well so this may increase need for NG
yesterday P day profile show some liquidation of long positions, so today all about keeping the VPOC of yesterday and there is more and more bad high building 2.370
But it is too obvious for NG, and NG likes to screw such trades before they work out.
i do not know why, volume profiles are not shown in picture hmmm
NATGAS - all quiet in the westAfter a warm winter, now we wait for the summer season and ACs on. Moreover, for the time being EU has full gas storages - often from Russia yet, which will be used and then must be replaced. How will it affect the US prices? Many hope for a rally similar to what we saw a year ago. Perhaps they are right, however for the time being - all quiet in the west.
A long trade in NG possible if we stay bid 2.305Last 2 days had a nice pull down poor value areas, so looks like folks was force to sell or there were nice traps for short sellers.
Now NG sits on VAH of last long consolidation and there is notr much will to sell 2.305. They try but each time going back to 2.305
targets 2.375 as next one
Above 2.4 we should get acceleration this move.
NATURAL GAS Buy signal unless this Higher Lows line breaks.Natural Gas (NG1!) is trading inside a Bullish Megaphone that has just priced its new Higher Low. The price is above the 1D MA50 (blue trend-line) and has started the new leg to a Higher High. Before that however, it has several Resistance levels to overcome, namely the 2.690 Resistance and before that the Lower Highs trend-line. As a result we are buyers but set a target below that level at 2.550. If instead the price closes a 1D candle below the bottom (Higher Lows trend-line) of the Megaphone, we will sell and target the 1.950 Support.
It is worth mentioning the 1D RSI that has been trading on Higher Lows since February 03, an early Bullish Divergence signal against the downtrend's Lower Lows for the price. This momentum continues to favor buying on the medium-term.
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NATURAL GAS FUTURES Chart Fibonacci Analysis 060523 Trading idea - Entry point > 7.5/61.80%
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 2.4/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NG1! Expected Growth! BUY!
My dear friends,
NG1! looks like it will make a good move, and here are the details:
The asset is approaching an important pivot point 2.228
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 2.366
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
NG1! LONG FROM SUPPORT
Hello,Friends!
We are going long on the NG1! with the target of 2.461 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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NATGAS Will Keep Falling! Sell!
Hello,Traders!
NATGAS is trading in a
Downtrend and the pair
Has formed a bearish flag
Pattern so now that we are
Seeing a bearish breakout
I think that the price
Will go further down
Sell!
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$BOIL #NG Buy the dipI've been bullish and trading natural gas (BOIL EQT RRC) for a while now and recently sold on the last pump to 2.6
I'm reloading now, as I'm looking at a few things technically I like
-Price appears to have found support on a flattening 20DMA , and will next watch to see if we start trending up
- The low in May was higher than April , and almost forming a rounded base if we can sustain higher than May's low , it will be a good sign
- Strong support at 2 putting in a triple bottom now - even if we go lower, in the longer term as long as we stay above 2 , your entry of say 2.15 won't really matter when we're at 5 !
- EQT and RRC are both flagging and keeping their gains so far, looking for more upside , which of course depends on NG but is providing bullish confluence .
QG1!5.23.23 I finished the Palladium on this video and then I moved over to The Natural Gas market....And I ran out of time... so I will do a quick video after this because the natural gas has volatility and that's the kind of market that can develop good trades for us so we don't want to take the money and run if the market has volatility.... which means there's more opportunity As a buyer or a seller for careful.
May 21,23-NG-Will NG hit 2.7?Will NG go up this week to 2.7?? Let me know your thoughts. I'm on the fence...I think I will put my TP at 2.6 and be satisfied with that.
I have placed my Stop Loss at 2.4 (the green line) so I will only profit 100 points or so if it gets hit, but better than nada right? :-o
Let me know what you think.
Stay safe all.
Heiko