Natural Gas Weekly Price Outlook | Support & Resistance Guide |- Natural Gas falling wedge is my support and resistance guide
- Currently Daily & 4h Neutral trend
- 2 key support below and 2 key resistances above.
NGAS.F trade ideas
#NG Natural Gas Bullish Monthly Close#NG Natural Gas Bullish Monthly close, short covering and bullish accumulation
Interesting observation - Same pattern repeated before reversalIt tends to make a lower low before reversing for long term on monthly chart. This time it made a lower low by closing with green candle for April month. From next month we can expect uptrend which will last for few more months
Bullish NatGas?NatGas looks kind of bullish to me on the 12hr time frame. We consolidated sideways out of the broken down trend.
Then, we broke the 12h coral strongly, made a new high, then it has retraced back to the scene of the crime aka where the break out happened.
This are is also where the 12 coral is now. Price is riding on top of it, and its rejected twice now. It's testing old resistance as support. Could be a bull flag forming here. We either pop to $2.60+ or fall back to structure around $2.10 if support fails.
Higher time frames like the 3 week and monthly are starting to turn. So thats a good sign for the bulls.
I'm still holding long and will buy some more if it drops on UNG. This chart is spot price.
BULL FLAG! (4HR / 8HR)Natural Gas forming a BULL FLAG with a nice bounce off new support. Near term bullish.
Nat gas Want to communicate but have to post first.
Hoping this is the bottom but not know. Added a little buy anyway
Natural Gas: Another Bullish Move May HappenNatural Gas: Another Bullish Move May Happen
Price was holding very strong all these days above 2.3
I was focused more on a possible retest of 2.1 price zone but as we can
see the price already increased again.
During all these months NG didn't hold the bullish volume but it looks like 2.3
is a new and strong zone of support.
Price can test 2.3 again before the next bullish wave.
We may watch for potential price reversal near that zone.
Thank you and Good Luck!
XNGUSD showing StrengthBased on Daily timeframe, XNGUSD almost last 52 trading days defending it's low level. Now we see some strength from lower level.
can we see XNGUSD at 5.5$ in coming trading days?
Natgas 4h flip a coin. Market is Always right. Hopefully WE will have some move today. We may see another selling impulse and another bottom or break lower for the coming hours or days. As Always natgas Can make us +12% -12% in a single day even for no Real reasons sometimes ..so i will advise cautious, observe and stay tune or open position with tigh SL.
natgas price observationI have no idea which way the price of natgas is going but by charting like this I try to visualise how I've seen the chart look before and basically guess.
Not there yetA rise in the price of NatGas is not there yet, but this is on our shortlist to track. The energy crisis in the Euro zone will open the door to profitable long and short opportunities when Natgas price start rising. And it will rise. Always consider all possible moves the price can make and trade the setup with the highest probability.
XNG | NATURAL GAS | DECRYPTERS Hi people Welcome to Team decrypters
We are looking to short NAT GAS AS a RETRACEENT SELL TRADE
NG, 1st spark up... flame will ascend to new highs soon..NG correction is slowly concluding -- with bears showing some weakness on weekly data, after touching the order block support at 1.9 level.
A reversal is on queue now.
Expect some signficant moves on the upside soon -- a revisit to 7.0 before year ends is possible.
SEEDED L at 2.09
TAYOR.
NATURALGAS: Will Keep Growing! The Next Goal is: 2.800
The price of NATURALGAS will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair.
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Natural Gas - Going upIf we get a deviation here, potential rally to target at range highs $2.9 / $3.0.
Natgas - 1 hr - potentially bullish EW sequenceThe recent Natgas rally towards 2.3 was possibly a 5 wave sequence
That has been followed by a deep ABC (ongoing or done)
Narrow SL long opportunity with SL the red line
MACD CrossoverHey Guys,
We have a good chance the NATGAS selling is over and we can start adding BUY positions to our portfolio.
Reason is that the MACD is showing a bullish crossover.
Don't forget that the price of NATGAS is very very cheap!
Cheers!
NATURALGAS Long Natural gas is packed in a tight falling wedge pattern. It is at historic support too, going back to August of 2019. Another point worth mentioning is that the price of natural gas defended this support on February 22nd of this year and produced a >40% rally, peaking on March 3rd. Virtually every timescale from the minutes to the weekly show positive divergences and oversold readings. The targets for this trade are the gaps above, marked in purple. Use UNG or BOIL (x2) for this trade.
Buy Natural Gas .Technical analysis education- divergencesSlightly wide stop in case of further divergence but good low risk high reward trade on daily charts unless buy signal changes. This support area looks really good now for daily holds and profit taking on the way up.
Selling NATGAS as it gaps higher into resistanceTrade Idea: Selling NATGAS
Reasoning: Price action reacts higher with an overnight gap into resistance. Bearish engulfing candle on 4hr chart. Looking to sell into bounce in line with the overall trend lower.
Entry Level: 2.119
Take Profit Level: 1.993
Stop Loss: 2.173
Risk/Reward: 2.33:1
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Natural GasThis is my long term view about Natural Gas. If you find this work useful push like please.
