Nat gas - buy ideaI expect a corrective setback, price has charted a nice ending diagonal.
Note: a clear SL - below 3,1
As the fifth wave in the ending diagonal (converging) shall not be larger, than wave 3.
Given the size of the down move overall, this risk looks small compared to the upside potential.
Also, trading reversals is risky, therefore I usually scale in gradually.
Trade safe.
NGAS.F trade ideas
NATGAS (XNGUSD) ALL NEAR Support and Resistence AreasNatural gas (XNGUSD) is currently trading near key support and resistance levels. The near-term support and resistance levels are important to watch, as they can provide insight into the direction of the commodity’s price.
15M Chart:
Natural GasNatural Gas approaching into a very significant support level and I do expect the price to bounce from here. If you find this work useful hit the like button.
Natgas - updateLocal wave 3 down complete, expect a pullback towards 1.382 level, and then the dump - to complete:
- wave 5 (local) of the impulse down
- H&S target
Trade safe
Wave Plot...Clear 5 waves up and in the process of ABC down - Looking to have more downside on this C leg but there may be a bounce up before the correction completes.
NG weekly forecastIf there would be a bullish move, this is what I anticipate to see during the week, if bearish move continues price will break latest lowest low first and then bottom black line instead of reversing on Tuesday.
NATURAL GAS: It seems that the price may reach 2.5 soonNATURAL GAS: It seems that the price may reach 2.5 soon
For a long period of time, Natural Gas is in a clear downtrend.
It looks like it was a selling opportunity in all the bullish moves that Natural Gas created.
As you may see on the weekly chart the price closed a red candle week after week
and it is very dangerous to suppose any bullish move in these conditions.
Price already broke down also from 3.5 which is a strong structure zone.
Considering that many factors probably we could see Natura Gas to move down
up to $2.5 that is dating back in August 2020.
Thank you and Good Luck!
Natural Gas is looking for a bounceWe could see a move up in Natural Gas this week based on some indicators that I will explore in this idea.
NatGas forecast #001 2023Expe expecting some bullish retrace of this matter such a magnitude thereafter
I could be expecting a retrace followed by higher prices or a complete reversal
for a bearish continuation
And and remember kids you can make a million
Dm for upto date updates and signals group links
Gas nearing bottom imoMonthly chart suggests price nearing lowest levels. Gas storage needs reffiling
Natural Gas 4H Inverted Head and shouldersNatural Gas 4H Inverted Head and shoulders
Are gas prices absolutely going to explode?
to $17 per MMBtu
Let me know what you think
NatGas is Crashing. How Low Can We Go?In 2005, hedge fund Amaranth booked a profit of $1bn trading Natgas. A year later, it collapsed with $6bn loss as the Widowmaker fell from 16.3 to 4.5. Two years later the price dropped from 14 to 3, a 79% dive. In my previous posts I kept talking about bear flags and shorting NatGas. However I believed that max pain was 3.5, which is 65% from the top - August 2022 - how could it go down further, I thought.
Well, now looking at historical data, I've changed my mind. There's nothing to stop the Widowmaker from going to $1 this year.
Natural Gas (NATGASUSD): How to Buy With Confirmation 💨
Natural Gas formed a harmonic abcd pattern on a weekly.
Its completion point matches perfectly with a horizontal key level.
I am currently looking for a confirmation to buy.
I will look for a bullish breakout of a falling channel on 4H.
It will confirm the strength of bulls.
Goals will be 4.08 / 4.36
Alternatively, a bearish breakout of a blue area will push the market lower.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
GAS EXELENT LONG SETUPBeautiful setup with high probability for long swing trade.
Falling wedge, followed by breakout and retest.
Oversold on all time frames.
This is excellent setup for a long swing.
Target is 4.8, which is previous long support (now most likely resistance)
4.8 is also exactly at fib .38
I entered yesterday
Due to high volatility, I don't recommend to trade it, swing is the way to go.
I am in with 15% of my portfolio.
