Natural Gas Daily ChartDear GAS will continue its bullish trend till its wave 4 is completed and then will go to bearish wave 5.
NATURALGAS trade ideas
XNGUSD, DailyThe price of Natural gas is leaning to the upper side of a massive range-bound formation, which can lead to a continuation to the upside, as shown in the chart below.
As the volume and open interest for NG contract on Chicago Mercantile Exchange has increased to a new high, it’s possible to see a rapid development.
NATURAL GAS ( XNGUSD ) Long Term Trading IdeaHello Traders
In This Chart XNGUSD HOURLY Forex Forecast By World of Forex
today XNGUSD analysis 👆
🟢This Chart includes_ (XNGUSD market update)
🟢What is The Next Opportunity on NZDCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
Natural Gas: Price May Move Down To 2.2 AgainNatural Gas: Price May Move Down To 2.2 Again
Natural gas is not finding the right bullish volume and it seems that 2.75 is creating a strong resistance zone from above.
All the times that we think it will grow further NG moves down.
It is not managing to hold the bullish volume.
Considering how the price began the movement it seems that it will
test 2.2 zone again.
Thank you and Good Luck!
NATGAS Massive Short! SELL!
My dear subscribers ,
This is my opinion on the NATGAS next move:
The asset is approaching an important pivot point 2.436
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Goal - 2.339
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
NATGAS: Bulls Will Push Higher
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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Natural Gas (Hitting some resistants)
View On NatGas (19 June 2023)
Natgas is in
* Uptrend in short term (Intraweek)
* Neutral in Mid term (Intramonth)
* Neutral in Long term (Last 3 months)
Natgas is trying to hard to breach 2.6~2.8 again.
This is the third attempts in the span of 4 months.
Sooner or later, it shall break up higher.
#3 shall be next. Take it slow
DYODD, all the best and read the disclaimer too.
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NATGAS: What goes up must come downLets keep it simple:
We've got a complete cycle hitting 4.236 fib + fake high missing local 1.13 fib + markets in panic
We had a small H&S pointing to T1: Hit
Whats next?
Expecting a bounce after hitting 0.5 fib @ 7.69 possibly forming a bigger H&S
Hitting 0.5 again after the bounce will trigger the bigger H&S and will quickly lead to 0.618-0.886 ($7.12-$5.86) levels to be tested.
Most likely liquidity below $5.30 will be swept before making any significant upmove
Fall below 1.886 ($4.50) will lead to tests of 1.272 ($4.04) or 1.618 ($2.40)
Only a sustainable (!) breakout above the recent high will turn the situation in favor for the bulls
Hold my beer pls
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No financial advice, do your own research, don't be stupid
NATURAL GAS Possible analysisThe NATURAL GAS trend is bearish for the last couple of months. The market placed a 1.9625 low on 14-Apr-2023. In a 4Hour time frame market reject the resistance area ( $2.35-2.42 ) as mentioned in the price chart and continued the bearish move. Now price is traded near the Support area ( $2.15-2.10 ).RSI ( relative strength index ) at over-sold levels and Volume indicates bears lose momentum. Price respected the trendline in the past two times and is now again near to test, so if the market close above this trendline with a strong bullish candle stick pattern then probably the market going up. So initiate long positions after closing above the Support area and also the trendline. On the other side, the Price traded below 200 MA (moving average ) which indicates the bearish trend is still in line. So Short selling is favorable if the price breaks the trendline to the downside and close below the support area as mentioned in the price chart after confirmation by a bearish price action structure.
Support and Resistance levels for day trading ;
Pivot Point Level: PP 2.1872
Support Levels: S1 2.0987, S2 2.0416, S3 1.9531
Resistance Levels: R1 2.2443, R2 2.3328, R3 2.3899
NatGas ( spot)Bearish Bat on progress.
Bearish butterfly almost done
WXY pattern appear forming . Of which first W is triple correction itself. Y abc appear completed as wave C 138.2% fib showing done.
Expecting Sharp fall. Let see.
Natural Gas: 1.618 Confluence Support Zone Has Held Natural Gas was trading at this Log/Linear 1.618 Confluence Zone for a while and even confirmed a 3 white soldiers pattern from the zone, but has since been very quiet. However, it's recently begun to bring us somewhat of a bounce and has confirmed a couple of higher lows with some hidden Bullish Divergence on the MACD after holding above the Bullish Control Zone on the RSI and now it's looking to make some higher highs and could take back the entire range.
It should also be noted that this 1.618 confluence zone is at the PCZ of a 1.13 Bullish Shark.
Natural Gas: A Bullish Move May Happen SoonNatural Gas: A Bullish Move May Happen Soon
NG is a very difficult and risky instrument in trading.
During the previous months, the price moved down without taking a pause by invaliding in
this way many bullish patterns were created during the way.
Finally, it seems that the price found a strong support zone near 2.1 and it is reacting
there very well.
Currently the price created a Descending Channel pattern and the chances are higher
that it may grow again as I showed on the chart.
Thank you and Good Luck!
NATURAL GAS - 4HIn the 4-hour time frame, the price is forming a wedge reversal pattern. In case of breaking 2.60 upwards and stabilizing the price above it, the price may increase to 3.00 and in case of strength, 3.80 units.
NG turning point NG is agains resistance, if it breaks is can be real bullish. and if it hold it will probably retest
NATURAL GAS ( XNGUSD ) Long Term Trading Idea Hello Traders
In This Chart XNGUSD HOURLY Forex Forecast By World of Forex
today XNGUSD analysis 👆
🟢This Chart includes_ (XNGUSD market update)
🟢What is The Next Opportunity on NZDCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
#NatGas #NG1! Update Natural Gas has followed my previous outlook by posting what seems to be a simple zigzag with ending diagonal in its final stages. From here we can expect a new wave up. Alternatively this correction can be complicated into ABC flat or WXY double zigzag. But tradingwise there is no reason to expect such further complication at this moment. I also expect oil rallying sharply and SP500 declining. May be we will see some hawkish remarks / developments sowing instability that sends energy prices up and stocks down. Speculation, of course. Not advice.
NATGAS Detail Trade Plan | Price Level S/R Guide- UNG falling wedge still intact,
- NATGAS potential daily downtrend forming we have to see if bulls can play defense and negate that bear flag.
- hourly trend will be my guide, if need bulls to form hourly uptrend before anything.
US Natural Gas - bottom formationUS natural has gas had a step drop in last few months. However, now there is positive consolidation indication bottom formation.
My MACD has indicated reversal.
Natural Gas BUYNatural Gas has a bull trend so go on and follow the trend. Due to a chance, I ordered a buy here.
NatGas UpdateI believe the leading diagonal wave (a) has ended, and we are now in wave (b), which can take various forms (including the possibility that it has already ended). I suggested a few possible paths.
Once there is a pattern or a mature wave count in wave (b), I can make an assumption when exactly the next leg up will occur.
NatGas UpdateA quick update here.
✔️ More faith in the upward trend.
🌫️ The near-term forecast for the next few days is a bit uncertain since there are various ways to read the expanding diagonal.
