NATGAS - 4HGas is in a downward trend in the time frame of Wednesday. If the downward trend line is rejected again, we have the possibility of a further decrease for gas.
NGAS.F trade ideas
long natgazzbig confluance area
.886 correction on 1W
rsi oversold territory
yellow ABC correction close to end at 1-1
it1s time
Natural Gas looks interestingTake a look at this Nat Gas chart. It looks poised for a rotation of capital to come out of the SPY and buy it at these depressed levels.
Natural Gas: The Widow MakerNatural Gas is on pace for it greatest & fastest fall in price history.
Nat Gas is hitting technical support in one of the most oversold conditions ever.
We discuss some Nat Gas cycle history that may be useful in knowing how to trade Nat Gas.
Natural Gas Outlook Short And Mid TermVery weird things are happening in the natural gas space. It might be getting ready for the biggest short squeeze.
NG key levels for the next weekI am anticipating to see a retracement into weekly range which mentioned with Fib levels from last week high and last week low during first 2-3 days of the week and then sell off to last week low, if it breaks last week low anticipating the price will aim to reach monthly key level, if it doesn't break most likely will consolidate between last week low and new week high.
Road Map For Natural Gas?I did the best I could with the count. Please share your take on natural gas if you could. Thanks for the view.
Natural Gas - Long viewElliot wave analysis of natural gas with long term support around 2.30. Long position can be taken around this level.
NATURAL GAS-Pt.2- Short term bounce?In our previous post we explained how we believe that NaturalGas is ongoing an ABC correction from 9.995's top. Actually we believe to be finishing wave iii of C of this zig zag, as showed in the chart.
As explained in the previous post, we were waiting for the small red zone in chart between 2.4 and 2.5, where the algo tp of the whole move down and the level for which wave iii of C = 1.618 wave i of C, together with the target of the big head and shoulder pattern stand.
Since today we wicked that zone, we opened a long position at @2.471, and we are currently holding it with stop loss on entry.
Since the retail sentiment is still very extreme towards the long side and since this wave iii can still extend down, we are carefully posing our stop loss on entry. Target is 4.32. We will update below. Happy trading!
NATURAL GAS-Pt.1- Correction about to complete?Hello traders,
here is our view about natural gas.
As we can see from the monthly time frame, natgas completed an impulse after breaking a big descending triangle.
After reaching a top of 9.995, natgas created a head and shoulders pattern that coincided with a 535 structure to the downside, as showed in the main chart.
Then, wave 3 of C seems to be completed with an ending diagonal.
If the bullish macro count is in now we should go for another impulse up. Alternatively, we may get a (C) wave to complete
the monthly retracement higher than 10. In the latter case to move to 9.995 would only be a (A) cycle correction of the descent from 2005 high of 16.477.
In both cases, we expect a big buying opportunity coming soon in natural gas.
We are not taking long positions now for wave iv of C since sentiment in retail brokers is over 90% long.
When ALL the retailers are buying, who is selling to them? Who is gonna buy to actually put upward pressure on price?
This is why extreme sentiment is a contrary indicator.
We will update as soon as we see a long setup.
Looking for good r/r in NatGasTrade Idea: Buying Natgas
Reasoning: Price action posted a new low yesterday, however afternoon price action reacted higher forming a bullish hammer candle on the daily chart. The overnight pullback has stalled and reacted higher at the Ichimoku cloud base. Buying offers great risk/reward after a monster selloff.
Entry Level: 2.862
Take Profit Level: 3.20
Stop Loss: 2.74
Risk/Reward: 2.7:1
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NATURAL Price hit the monthly support. A bounce on way.Price hit the monthly support. There will be good bounce from here at least to the level marked as first resistance. There will be a pullback there before deciding the further course of price action.
Long entry set up on Natural GasWhile natural gas has sold off in dramatic fashion over the last couple of months, a swing trade presents itself with a great entry at support.
Since entering an upward sloping wedge in July 2020, Natural gas has completed a 5 stage Eliot wave in typical fashion, an ABC correction and now potentially in a corrective 1 -5 Eliot wave move having lost the wedge trend.
The asset is in oversold territory with the RSI falling below the 30 level on the weekly, selling volume profile at peak levels in weeks but stalling on the $2.6 level which acted as resistance in Sep, 2019 and support more recently in April, 2021.
Anticipating a level 4 Elliot wave form with a technical target of $3.5 , potentially a 31% upside .
Ref :
CAPITALCOM:NATURALGAS
LONG call on Natural GasHi All,
Natural Gas had a really harsh retracement in recent weeks.
It is currently oversold on all indicators. Already completed an ABC corrective move.
Perfect entry would be 2.5 $ but we can start dca even from current levels.
TP2 : 7 $
TP1 : 5.25 $
SL : 1.9 $
Risk/Reward : 7.5
Good luck & have fun :)
$Natgas $UNG $BOIL $KOLD Analysis, Key levels, and Targets $Natgas $UNG $BOIL $KOLD Analysis, Key levels, and Targets
Holy Moly…. I’ve been out of natgas for a minute… but at this level I’m going to start accumulating…. Let’s see how we open but I will likely be buying April 21 8 or 9 calls in the morning….
Supported by 5 year volume…
Naturalgas becoming attractive wait for setup LongNaturalgas looks like good play.
Its dropped alot, and is stretched far from avrages for weekly, monthly, daily.
It looks like its finding support and winter is not over in europe or the US.
I will look for a setup and enter next week. You can play UNG to take advantage of the opportunity.
NATGAS - KOGHere we are, just as we wanted, the lower support has been hit and we have a short term support. We need this to push up now....We're in!!
As always, trade safe.
KOG
natural gas at it's historical low, back to 2012Besides the initial fallout of the pandemic, natural gas has never been so cheap against USD-M2 -- Buy when cheap ✔
WHEN it moves, it'll be big, waiting for confirmation
It could drop lower in the very short-term, and after that... balloons
BEWARE THE BEAST
NATURAL GAS: BEARLISH!#NATURALGAS #ShaneElliottWave
NATURAL GAS || 1D Chart analysis || Main wave count || 29 Jan, 2023 (UTC+7)
Hello traders,
That's my wave count for: NATURAL GAS
Timeframe Analysis: 1D
Expect Main Elliott Mode: Corrective
Expect Main Structure: Zigzag
Position: Third wave (black- intermediate degree)
Bullish Bet on Natural GasOversold on multiple time frames (daily, weekly). Bullish MACD divergence, waiting on a follow through. Two daily Hammer candles indicate dip buying. Gaps at 4.398, 6.416.
On the fundamentals side, Freeport LNG has started the re-opening process. I expect a sharp rise in Natural Gas price as it gets closer to fully operational as there's big discrepancy between spot prices in the US and the EU/Asia. Other US export terminals are planned for later this year (Alaska, etc..).
Cold weather in most of the US should increase storage withdraw, though it remains unclear if cold front will persist deeper into February.
See also $HNU, $BOIL, $UNG.
