Natural Gas: Amazing Breakout!UNG & BOIL are looking poised to mive higher.
Energy trade is looking very optimistic from a technical standpoint.
This Bull flag target takes you to $3.25
NATURALGASCFD trade ideas
Nat gas = electricityJust a thought, could be completely wrong of course... Nobody has a crystal ball. BUT.
I think about now is the time the tech rally AI Fomo does a U-turn and everyone realises that you need shit tons of electricity to power super intelligent AI.
Nat gas chart is a swing traders wet dream.
NATGAS in an accumulation zoneNATGAS looks more and more interesting.
It has been in an accumulation zone for a long time and with the current market conditions we are expecting it to start an impulsive phase of the market cycle soon.
It's time to buy NATGAS when it's low and sell when it's high.
3 targets are shown on the chart.
If it goes lower, we will buy buying more. What about you? Are you buying now or waiting for lower prices?
NatGas Update Natural gas appears to be nearing the end of its correction before continuing its ascent into the end of the summer/earluy autumn.
Since wave 3 is shorter than wave 1, wave 5 must be shorter than wave 3 because the third wave cannot be the shortest.
Wave 4 can be done as an expanded flat (notice the rule with variation with wave 2). Also, we can expect a running triangle.
The bigger picture remains unchanged from the prior update.
Natural Gas - BullishWith the current clima, demand for natural gas for AC-cooling, there is a good foundation for a bullish move in Natural Gas.
1. Lets see a move upwards to the 2.8
2. Maybe a slight pullback
3. And then the big move towards the 3-3.05 level
Also bakced by the fact that Buffet have bought into LNG so lets see if the trend can hold.
Good lucK!
Natural Gas: Both Scenarios Are Possible ...but...Natural Gas: Both Scenarios Are Possible ...but...
Natural gas is creating a very complex scenario at this moment showing that
both moves can be possible at this moment.
A critical price area is located near 2.68.
If the resistance zone will hold the price should move down again.
If the price will move above the pattern then it will follow the bullish scenario.
So it is a choice where you find yourself more.
I like more the bearish scenario.
Thank you and Good Luck!
NATURAL GAS BEARISH TREND IS ABOUT TO CONTINUEMy analysis for CAPITALCOM:NATURALGAS please BOOST and FOLLOW for more analysis and trading ideas
NatGas UpdatePreviously I mentioned that I had to pause trading in Natural Gas as the price action was uncertain from the Elliott Wave perspective without clear impulse waves up. Since then, the price has been moving within the boundaries of outlined complex scenarios of either - expanding or contracting leading diagonals. The price penetrated wave [ w] territory confirming my thinking. Once wave c of (y) of [ x] completes, I might risk opening new longs.
Nat GAS Analysis with Elliot WavesGAS has made a leading diagonal after finished its long downward correction
so we have an opportunity to take it long as long as prices never breaks 1.894 (start of wave 1) since it is a basic rule of Elliot waves principle to keep upward scenario stand.
we will watch the zones mentioned on the chart and any positive price action we can go for it.
Good Luck,
