Natural Gas: May Continue To Move DownNatural Gas: May Continue To Move Down
Natural Gas is still under strong bearish pressure on a higher time frame.
All the times that the price manged to grow we saw a very fast sell-off
This is a clear signal that the market is not ready to increase NG for a
a long period of time.
After the price broke out from the pattern on the chart I am looking at for
a deeper bearish continuation movement.
Thank you and Good Luck!
NATURALGAS trade ideas
Natgas UpdateThe local correction for natural gas appears to be over, and it will now move through the uptrend. Given that the previous wave marked as (i) was not an impulse, I envisage further struggles to shape a diagonal. Timing is notional; the diagonal can be shorter or longer, and price levels can be quite different. I will be looking for price to shape wxy zigzags up and down to confirm the outlook.
Natural Gas movementThe bull movement and the breakout is real, we should see pull back to load up more positions
Natural Gas Possible Path (Updated)I had originally published a BUY trade idea which I am still in but currently running at a loss. However, I did fail to notice the current wave patterns at that point which now offers some sense as to why the trade has gone against the hopeful BUY direction. I do believe the current leg down is a mini ABC correction phase and I am hopeful for a move up next week. I do think that this BUY trade is for the very long term (months) and may well be a bit rocky, but the price GAP in December 2022 will eventually act as magnet and bring this commodity back off the bottom.
natural gaz probably forming wave 4 of 5 natural gaz it might surprise us with flash crash within the following weeks
Can XNGUSD short squeeze?XNGUSD on the weekly chart showing two years of price action with weekly candles
shows the rise in 2021 into spring 2022 then printing a head and shoulders pattern
and the reversal to deep into the support/demand zone. The volume profile shows
the majority of the trading during this time period to have been between $3.75 and
$ 8.50. It would seem likely that there are a sizeable amount of short sellers holding
positions with unrealized profits of 50% to as much as 300%. This past week had the
best buying volume in six months and provides bulls with optimism
If natural gas can gain some momentum and put in green candles with a decent price range for
a couple of weeks in a row, the combination of new buyers with new interest and short sellers
liquidating and buying to cover their unrealized gains might ignite a bit of a rally for natural
gas. I will keep natural gas on watch. I will keep in mind that a breakout without a
corresponding volume the response could be a fakeout. A stop loss would be $1.95 below the
support zone while the final target would be $4.75 below the POC line. Interval take profits
would be 10% of the forex lots every time the price rises by $0.50 for risk management and
good profit taking while underway.
natural gas bull
natural gas is bull again
1. hit tp1 and finished retracement
2. 2 trend line break out
3 . bullish englulfing candle
Natural Gas Live Buy TradeI have mapped out a mini-Elliott Wave which, in combination with a positive momentum indicator, looks like a decent chance of playing out. The longer time MACD has the lines in the right place. The 15SMA and 5EMA are quite wide apart so there is every chance of a rebound in the coming days.
Risky buy possible long natural gasStop and tgt marked
1:4 R/R
TRADE ON OWN RISK
DO YOUR OWN RESEARCH
NATURALGAS 22May2023broadly speaking, it is sideways with a fairly large range. but we can still take a chance on a good moment. if you look at the current elliot notation, it is likely that the price will go to the previous HH, you can take a long opportunity with the SL area below the invalid area
Natural gas 4th Elliot wave As the summer gets closer the filling process of European reserves gonna take place soon, the Usa production lost some precessing power and the North Stream gaslines being partially destroyed, we can see an exponentian growth of the Natural gas Price. First possible targets are presented on the Chart
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XNGUSD Bull Pennant Pattern Short then LongXNG has had a big week with a big bullish momentum move into a symmetrical triangle
and then a breakout into a bull flag pattern to finish out the trading week. A Bollinger Band
squeeze as the symmetrical triangle was underway preceded the breakout. PRice crossed the
POC line of the volume profile where trading volume , liquidity and volatility all are the
highest Equities and equity funds like BOIL, KOLD, UNG, UNL, LNG had corresponding moves.
The Luxalgo ECHO indicator, a predictive AI tool, suggests that from here XNGUSD will retrace
5% or so perhaps targeting the mid/basis line of the Bollinger Bands and then resume its
upward trend. the retracement would be 50% of the uptrend which started the morning of
5/18 which was a 10% move. The indicator is predicting the uptrend resumption for
5/22. By extension, equity instruments that mirror natural gas prices presumably will have
similar moves. I conclude that my profits achieved in BOIL options after the big move
should be prtially taken off the table to buy some KOLD calls or BOIL puts instead to hedge
for the prediction of the algorithm tool.
NATGASWe have all seen the sharp decline of natural gas, which began since August 2022, until it reached areas it had not reached in its history, at around $1.9 during the past two weeks. It refused to drop further. And here it is returning to the current areas, through which it will be a strong base from which it will start upward. I expect it to return a little to the limits of $2.3, and then rise again to the $3 area.
Natural Gas Psychology | In-depth Support & Resistance Guide- Natural Gas First Daily uptrend in a while, still continuing
- potential Weekly bull flag if we don't retrace over 0.382
- Next key resistance at 2.65 zone
NATGAS with nice R:REither it bounces here right on 0.886 with super small SL or it continues down
If it bounces: 0.886/1.272 next
If it doesnt: it will get cheap
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An Important Bullish Breakout in the Natural Gas MarketThe price of natural gas in USD rose sharply on Thursday after the US Energy Information Administration (EIA) reported a slightly smaller-than-expected weekly increase in domestic natural gas inventories.
At the same time, an important breakdown of the contracting triangle pattern formed by 2 lines (shown in blue) has formed on the XNG/USD natural gas chart.
Presumably, this triangle delineates a market stage in which large players could accumulate long positions at low prices after the downtrend that has been in place in the natural gas market since the beginning of 2023.
On Friday morning, the bulls are able to keep the progress made, keeping the price of XNG above the former resistance at 2.575, which can now serve as support.
This breakdown may become a stage in the development of an important bullish trend. We previously reported that according to EIA forecasts, the average price of natural gas in 2023 could exceed USD 4.
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Natural Gas Update: BreakoutNat Gas had an epic move to the upside today.
will the bullish momentum continue?
Where is NATTY going next?Huge sell of occurred after breaking it's previous support, turned resistance.
I'd be looking to buy of the resistance @ around 2.050 with the aim of it reaching the broken support.
If it finds resistance there then we might see a H&S pattern emerge which could be severely bloody.
With recession peaking over the corner, this could well play out.
Just my thoughts, not trading advice . Trade at your own risk. NATTY can be expensive .
NATGAS to fill the GAP?Serious negative RSI divergence at the resistance after forming a bullish H&S pattern.
As part of the retest, I believe that it will fill in the gap as well, before potentially making a climb back up to resistance and beyond.
Trade ay your own risks, my posts are just ideas.
NATGAS - Capitulation is nearGeometric approach in revealing trend angles based on halvings. I also want to see how much effect curves have on the future price, will we see any new resistance or support on these or are they just looking nice.
Natural Gas Short squeeze!Natural Gas had a bullish close today up over 4% despite weakening economic data.
We could be entering the next stage where Nat gas starts moving higher off these lows.
Clear Accumulation has been occurring and this move off the lows matches the seasonality period of Nat gas.
NATURAL GAS POSSIBLE RALLYNatural gas is increasing in value due to several factors: the unprecedented wildfires in Canada that are ravaging the country and are disrupting the production throughout the province of Alberta; Reuters also reports that Russian pipeline exports had declined 11.4% this month compared to April’s average, putting an additional hold to the fuel supply.
The RSI is above 50. The MACD had broken above its zero level and had triggered signal for further potential gains.
If the current trend continues, the price might test resistance levels of 2.764, and if it gets broken, further target might be 2.931.
In the opposite scenario, the price might test its previous resistance at 2.025.
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