NATURALGAS short all technicals are obvious dont be stupid even if this does rise a little its capped due to the surplus and weatherNatural Gas forum
NATURALGAS short all technicals are obvious dont be stupid even if this does rise a little its capped due to the surplus and weather
NATURALGAS may give unbreakable move if closing come above 3.41
NATGAS AI summary for today:Price jump from 3.14 → 3.288 = ~4.7% spike, reclaiming the July 8 close (3.28). Catalyst-driven move (bullish EIA storage report) = fundamental strength backing the reversal. Previous short setup is invalidated as the resistance level (3.28) has been broken
New Strategy: Bullish Reversal Play
Bias: Cautiously bullish. Enter a long position if the price holds above 3.28, confirming the breakout. Look for continued buying strength and strong volume to support the move. Stop loss should be placed below the July 9 low (around 3.14), or more tightly below 3.24 for reduced risk.
Profit targets are 3.41 as the first level (prior resistance) and 3.52 as the second level (top of the June range).
Watch open interest: if it rises with price, that indicates new long positions and strengthens the bullish case. If OI falls, it may just be a short-covering rally and caution is advised.
NATGAS The inverse correlation with Oil continues.
NGAS i guess its time to go long then, break of a downward trend line and a 4h close above the 20sma, the 50 is right there though hmm.
NATURALGAS to all those who were saying H&S in past where are you all?NATURALGAS looks like its going to reject the 3.31 to move downNGAS still holding under that 20 so still bearish. i currently have no positions open but i am looking to get long i just need some more confirmation before i do so! Good luck everyone
NATGAS The weather outside is frightful. But the fire is so delightful. And since we've no place to go, Let it snow, Let it snow, Let it snow ❄️
NATURALGAS entering long here as price held vwap with possible bullish trend shift at lower timeframes based on adx. From the 4h/1h adx shows possible downtrend weakness and price on the 1d chart is sitting right on top of support with bullish divergence forming from extremely oversold position.Tight SL at vwap - 2xATR - spreads or just the 3SD of the 50 BB at 3.20 currently.
From NVI/PVI we have retail possibly out and institutions possibly holding/buying.
Good luck everyone!
PS: There's resistance at previous day's high near 3.33-3.37, to consider this a possible continuation into an uptrend we need price to break and hold above this level at least. If price starts getting rejected with volume from up there then it's time to exit long and possibly load shorts...
