Long November Natural Gas Market, Sell Stop Loss 3.12; Target 3.Energy market technical indicators show move higher over short term 2 days - 2 weeks.
PEG1! trade ideas
NATURAL GAS Sell signal on overbought Channel Up despite the GolNatural Gas is trading inside a Channel Up since the April 14th Low.
Despite forming a Golden Cross on the (1d) time frame last Thursday, we have a short term sell signal as the price reached the top of the Channel Up.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 2.950 (expected contact with the MA50 1d).
Tips:
1. The RSI (1d) is highly overbought, the highest since May 4th 2022, making the sell signal stronger.
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💡 Don't miss the great Buy opportunity in NG1!(Gas)Hi everyone
It seems that we have to wait for an increase in gas prices in the coming months. If there are no special problems, I think we can predict the price of 3.6 dollars for gas.
Do you agree with my opinion? Please support me with likes and comments.
Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count
Natural Gas - On the 1hr chart, NG displays a clear impulse Wave formation, indicating that the market is likely to continue the bull run to the 300 range after the minor correction(may drop to the 260 range for the short term) and then we can expect significant correction toward the 180 range.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
CAPITALCOM:NATURALGAS FOREXCOM:NATURALGASCFD MCX:NATURALGAS1! PEPPERSTONE:NATGAS NYMEX:NG1! MOEX:NG1! VANTAGE:NG
Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count
Natural Gas - On the Daily charts, NG displays a clear impulse Wave formation, indicating that the market is likely to continue the bull run to the 300 range after the minor correction(may drop to the 250 range for the short term) and then we can expect significant correction toward the 162 range.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
CAPITALCOM:NATURALGAS MCX:NATURALGAS1! PEPPERSTONE:NATGAS NYMEX:NG1! MOEX:NG1!
Natural Gas(NG) is about to BOUNCE
Technical Analysis:
Now it seems to make a wave (2) in blue and after it is complete we expect a bonce
Don't sell NG now and prepare to buy when II in red is finished.
H1 right side is turning up
H4 right side is turning down
Gas WarsThis is isn't my usual type of analysis, as I prefer to stay neutral and let the price action speak for itself, but I find the situation on Natural Gas very interesting and wanted to share my view on it. In trying to interpret the forces at play here in the recent past evolution of this market, I take a close look at highs and lows, peaks, bottoms, and the momentum and quality of a wave/move.
I posted an idea regarding wave from A to B which I partially anticipated in "Natural Gas Scenarios" but the end of the wave at B was a little bit of a surprise to me. It is almost like the Bulls were in charge but they went too far. Then the Bears got back into it, made some Bulls cash in and exit and it all came tumbling down. Point C is another similar case of "going too far" resulting in an immediate turnaround with the same type of momentum up until 2.842 which is a relevant level as it has seen several tops and turnarounds.
What is interesting in this situation though, is the represented "eye" shape which highlights the succession of higher lows, lower highs, and the change in the volatility of the market. Basically all forces that have been pushing this up and down, have receded a bit, bringing it into a tight spot where this might want to pop out sooner or later.
My main scenario which I am concerned about is an incursion towards the orange zone, where this could find a support and bounce back and try to reach for the white rectangle zone, a zone which I consider to easily qualify as a "going too far" scenario, where the Bears might come aggressively back into play and try and push this lower and bring it back to its senses.
On the opposite side of this potential is the Green Zone rectangle, where if the price reaches it in the specified time zone, it might trigger the reverse "going to far" scenario and let the Bulls take charge for a bit and chase the bears out of the picture in short term.
No clones were hurt in this experiment and in case the empire strikes back we can always hope for the return of the Jedi in case these Gas Wars continue to keep this market range bound, perfect for swing trading for the brave. May The Force of Profitable Trading be With You!
PS: Yoda is taking a nap. nen was here.
NG1!: Will Keep Falling! Here is Why:
Looking at the chart of NG1! right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely.
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NG1! Under Pressure! SELL!
My dear subscribers,
My technical analysis for NG1! is below:
The price is coiling around a solid key level - 3.330
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 3.020
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Natural Gas Price Forecast DXY GOLD SILVER 00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
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Update on NG. Resistance at 3.8After 3.8 this might head for 1.5. This is an update on the previous monthly analysis here:
natural gas Natural gas - major resistance break in USD and INR curriences ,further it moves upto 246 we can consider as target {1} and following second target upto 261.
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Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count
On the Daily charts, NG displays a clear Triangle Wave formation, indicating that the market is likely to undergo a significant correction toward the 162 range. It is advisable to exercise caution when considering long positions. However, if the market breaks above 272, this view would be deemed invalid.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
CAPITALCOM:NATURALGAS MCX:NATURALGAS1! FOREXCOM:NATURALGASCFD NYMEX:NG1! MOEX:NG1! PEPPERSTONE:NATGAS
NATGAS Swing Long! Buy!
Hello,Traders!
NATGAS was trading around
The very bottom in a triangle
Pattern and now finally we
Are seeing a bullish breakout
Which we all expected and
Now we have a bullish confirmation
So we are bullish biased now
And we will be expecting further growth
Buy!
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Check out other forecasts below too!
Natural gas buy idea Oct futureNG has formed ascending triangle pattern. Can see an upside of 261, the first resistance which has already reached and now can wait for a tgt of 290.
natrual gas trend linecheck simple trend line of natural gas
now showing breaking trend line
check upside and downside
no option avaiable ETF hold it
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NATGAS on a verge of a significant correction?Interesting development reaction from the top arc over the past 6 months and I'll be taking a punt myself on this one, especially since most brokers are paying out for traders to sell $NATGAS. My broker is paying out c3% and I wouldn't mind a piece of that.
SL is tight with a huge potential gain of 5.7/1 .
The most recent corrections from the top of the arc have been between 10-12 days which would take us to the 16th of October.
You can see an extremely strong bearish divergence on the 4hr chart, as well as the daily which usually means that consolidation is soon under way.
Recession will undoubtedly will take place at some point in the near future which usually means commodities heading down due to low demand.
This is not trading advice, but I'm extremely excited to see this unfold.
Cheers,
Sky
[Commodity] Natural Gas Support and Resistance Trade
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Equalized Natural Gas and Crude Oil Over DecadesThe goal of this chart is to attempt to show the impact of energy costs in the current economy. We use equal amounts of natural gas and crude oil according to economic websites, so a chart that shows the year-over-year % change of energy costs would be useful to look at so we aren't confused by headlines.
Everyone seems to be looking at crude oil as the main driver of inflation, but at the same time refusing to see that natural gas has fallen quite dramatically over the same time window.
What I have done with this chart is to plot the ratio of the price of crude oil to natural gas using the 2nd month contract because of the negative price of crude oil in 2020. The current ratio is around 26, so I then used the 26 ratio to plot the top chart. I multiplied NatGas by 26 and added it to Crude Oil to get a "total energy cost" to the economy. I then did a 1 year rate of change to show the oscillations of "bearish headwinds" of inflation and "bullish headwinds" of deflation. Obviously, lower energy prices are supportive of the economy and higher energy prices are inflationary and imply producers and sellers will raise prices, putting pressure on the Fed to raise rates to cool off the economy.
Currently, we have a -31.59% YOY% change for the total cost of energy and as recently as May we were at -61%.
Granted, energy is not the entire economy. Energy is only 6% of the economy so it is just a small part but it feeds into everyone's costs.
Next I will work on some ways to create specific market buy and sell signals to see if we can make a permanent indicator for this idea.
Wishing you all well.
Tim West
9:06AM EST, Wednesday October 4, 2023
Natural Gas Price Forecast DXY Oil Gold SilverNatural Gas Price Forecast DXY Oil Gold Silver
Welcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias
- Natural Gas Natgas Stock in a daily neutral trend
- Strongest resistance for natural gas resistance is 3.03 to 3.17 range
#naturalgas #xauusd #dxy #xagusd #natgas #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
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06:06 USO Oil Stock Forecast
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Natural Gas waiting for a spray up to 4.13Cup and handle is forming on the Natural Gas daily price chart.
It started on 2 March 2023. And since then it's been forming higher lows.
We are just waiting for a strong breakout to the upside before all steam ahead.
7>21 - Bullish
Price>200 - Bullish (For the first time in months)
RSI>50
Target 4.13
