NATGAS - BullishThe long idea continues to play out on NATGAS.
We had a recent retest of the upsloping 20ema which has just crossed over the 200dma which has now flattened out.
First target = 4.30
Stoploss = 2.75
Crossing Event: When the 20 EMA crosses above the 200 DMA, it’s often seen as a bullish signal, indicating that short-term momentum is rising faster than the long-term trend. Conversely, when the 20 EMA crosses below the 200 DMA, it’s often seen as a bearish signal, indicating that short-term momentum is falling faster than the long-term trend
NATURALGASCFD trade ideas
$NATGASchecking the widowmaker for old time's sake
bouncing for now with stoch trying to turn up
could be a quickie long but recon we deviate below this range at some point
that would be your entry for a long term ride to double digits with a stop at below ATL or a reclaim of current range low
sometimes 1 trade is all it takes if executed properly, trend is your friend till the end ;)
Natural Gas - Elliott Wave Count UpdateNatural Gas - Elliott Wave Count
this is an update to the previous view.
Today, the market reached a new low after a few consecutive days of decline. The current reversal appears to be the start of wave C of 4. However, it is best not to rush into buying at this moment. We can anticipate another low after the completion of wave 4, which will be an excellent opportunity to buy for a significant gain.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading.
CAPITALCOM:NATURALGAS MCX:NATURALGAS1! FOREXCOM:NATURALGASCFD PEPPERSTONE:NATGAS CITYINDEX:NATURALGASCFD MOEX:NG1! NYMEX:NG1! VANTAGE:NG
Natural gas - UpdateNatural gas - Elliott wave count
Weekly chart seems like bearish which is completely opposite to our view which we posted earlier.. this bearish view also possible so better be careful or atleast wait for some good reversal signal to take buy.
This is an update to the previous view posted.
Natural Gas: It Moved Down More Than ExpectedNatural Gas: It Moved Down More Than Expected
Natural gas has been very volatile recently.
During these daysNG price moved down at a time when OIL and precious metals were growing.
I'm not a big fan of NG as it tends to create a lot of fake patterns.
However, the price is again offering a bullish pattern and it is likely to rise further.
So let's see what happens!
Thanks and good luck!
NATGAS testing $3 After the prolific run last year, Nat Gas has struggled but now it has broken out of $3 barrier and currently testing previous resistance.
Seasonals are good here with up to mid of November, suggesting higher prices.
Any unwelcomed activity in Strait of Hormuz can really send Nat Gas flying.
Natural gas rolls over, but risks remain on Middle East concernsNatural gas prices across the US and Europe surged into multi-month highs this month, as the attack of Israel suddenly brought huge concerns around a Middle Eastern conflict that could have huge implications for trade and energy security going forward. Qatar is one of the main nations who could have significant influence over the coming weeks, with the country continuing to host Hamas leader Ismail Haniyeh. The country has long been a key contributor of humanitarian support for Palestine, and recent warnings signalled a willingness to cut gas supplies to the west if the attack on Gaza does't stop. While we are yet to hear similar comments over recent days, any further threats would likely bring further upside for gas prices. With the West already struggling to contain prices, the trajectory of energy markets will be key in driving inflation expectations going forward. The chart highlights how price has started to reverse lower after the initial rally, with the break below $3.378 completing an intraday double top formation. With that in mind, further downside could come into play as price falls back down towards trendline support. However, with an intensification of the Israel response likely, traders should be aware of the risk that such a move could spark another leg higher in gas and oil prices.
Natural gas looking weak can fall more On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Natural Gas Price Reaches 8-month HighAs the chart shows, yesterday, the price of gas rose above USD 3.60 for the first time since January of this year.
It can be assumed that events in Israel contributed to the price increase, since the Middle East is an important supplier of gas.
However, note that the bullish momentum started much earlier — gas prices have risen approximately 20% since the October 3 low. This confirms our assumptions about the bullish trend, which we published in the review on August 25th.
Perhaps the price of gas is influenced by seasonal factors and fears that weather conditions in the coming winter will be difficult.
Should we count on the continuation of the bullish trend?
If forecasters’ predictions worsen and the conflict in the Middle East flares up, this will certainly increase the likelihood of further price increases.
But in the short term, there are prerequisites for the formation of a rollback, since:
→ RSI indicates severe overbought;
→ the price has reached the upper limit of the parallel channel;
→ the tapering candles of the last days and the beginning of Tuesday demonstrate the presence of sellers — it is permissible to assume that buyers are taking profits.
Please note that on Thursday at 17:30 GMT+3, gas reserves data will be published — this may affect the current balance of supply and demand.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
EUR/CAD Long, CAD/JPY Short and NATGAS/USD ShortEUR/CAD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
CAD/JPY Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NATGAS/USD Short
• If price impulses down below our most recent low, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NATURAL GAS EXPECTED HIGH VOLATILITY WITH BULLISH TENDENCIESThe ongoing conflict in the Middle East involving Israel, Hamas, and Iran, is having a potential impact on global energy markets. The conflict is complex, with deep-rooted historical and political dimensions, and has the potential to escalate, affecting regional stability. Geopolitical tensions in oil-producing regions can disrupt global energy markets, leading to price spikes and volatility in oil and gas prices. US energy policies, including decisions on domestic oil production and international relations with oil-producing nations, can influence global energy markets as well. That situation creates conditions for high volatility in the natural gas prices, with more tendency to bullish outcome.
If the bullish tendencies continue, the price might reach its resistance level at 3.394. In the opposite scenario, the price might revert to 3.271.
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CAD/JPY Short and NATGAS/USD ShortCAD/JPY Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NATGAS/USD Short
• If price impulses down, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NATGAS 2HR Bull FinishNatural gas trading refers to speculating on the future price movements of natural gas. Traders who think the price goes up would buy a natural gas contract, while traders who think the price goes down would short-sell natural gas.
Data taken from Oanda.
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