Long Natural GasI have decided to go long for a second time, previous trade was stopped at break even. Yesterdays close saw a breakout of a bullish wedge. I have a small position at 2.6 SL at 2.5. Lets see!
NG trade ideas
NATURALGAS LONGPossible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think you could go looking for the previous high price zone when you see indications of a bounce move higher on the 4-hour chart. In 1 hour timeframes we see that it has broken the bearish structure, forming higher lows than the previous ones.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and makes a range, it will be better to close the operation in case it is possible.
Natural Gas possible BuyHi! Just my idea. Looking for buys again now.
Last buy idea went exactly as planned. Hope this one will too!
Trade with care!
Pull back before continuationAs you can see there are a few ways this thing can unravel.
We have an inverse head and shoulders, a possible diamond bottom formation, a daily demand zone and a .618 fib level. I don't know which way the price will take, but I started to add to my longs at this level.
NG shows weaknessCurrently, Natural Gas is at the 38% Fibonacci Retracement level, and it is bouncing between 2.68 and 2.38. If it is able to breakthrough 2.68 resistance, there is a chance for a bull run upwards. If it breaks below 2.38 resistance, it is likely to test new lows. Potential for a double bottom formation is also likely in that scenario. April will likely bring higher lows and higher highs based on seasonal patterns.
ABCD Pattern on NATGASNATGAS is ending a Bullish ABCD Harmonic pattern with a divergence on the RSI . It should be longed to the levels highlighted on the right.
XNGUSD....4H= Technical analysis of natural gas against the US dollar on the 4-hour chart
= The analysis is based on price channels and trend analysis
= When it exceeds the level of 2.811, its first target becomes = 3.693
= If it exceeds the level of 3.693, its target becomes = 4.812
Natural gas to retest resistance in the coming daysIf Natural gas breaks the 2.9 resistance, we might see a run towards the 3,4/3,5 area.
NG found its bottom, looking left looks promising.As some of you recall, i had been looking on this to longed, somehow BingX removed it and put it back in for trading . so when that happened i stopped loooking into this until they put it back in.
anyhow, this one is good for a long run and i would say it could only give you good entries...
my idea is an ABC (grabed some on the end of B), but if i look left (darvas box) it did some similar pattern (choppy) before the rally, thats why it could still come down a bit for an EW ~ non financial advice - dyor.
Natural Gas 4hr timeframeLong natural gas, beautiful double bottom pattern at a major level of support. Gap to be filled (red arrow) Up from here!
Pullback to 2.582 before another bull runNG likely to pullback to this support area highlighted at 2.582 before pushing off to another bull run. This area was previously the area of consolidation as well. This pullback seems to be short term corrective.
NATGAS Long- Used SFP & Breaker Order Block, with confluence SFP at the Monday low on 12H, 4H, and 1H
- MSB to the upside on the 30m buying retest of Breaker Order Block
- TP1 will be Monday's high, will reassess there but there's a possibility of filling the gap at ~2.93 and could hit 1D FVG at ~3.05
#Natural Gas: Breakout And RetestPrice broke out of the resistance zone
As you can see, the price is testing the resistance turned support
I believe a bullish continuation would happen
natural gas long positionHi All,
Am still convinced that Natural Gas still in A,B,C correction of wave 4 of big C, and we still have 5 waves to go, I tried to explain every thing on the chart, please let me know of you have any comment.
good luck for all.
Nidal Khalid.
NATURALGAS LONG IDEA (SHORT - MID TERM)Idea: Long around 2.46 - 2.56 (RR Ratio 2+)
Reason: Rebounded off key support 2.4+ area, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Downward channel breakout, retest of previous supply zone 2.54 area
TP: Based on key resistance/ support level
SL: Below next resistance/ support level 2.35
Key targets (Short-mid term): 2.6, 2.65, 2.69, 2.71, 2.74, 2.77, 2.8, 2.84, 2.87, 2.92, 2.98, 3.0, 3.05, 3.09, 3.12
