✅NATGAS SWING SHORT🔥
✅NATGAS will keep falling
Because it is in the downtrend
And recently broke the key level
So we will be expecting
Bearish continuation
SHORT🔥
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JKM1! trade ideas
Natural Gas, simple ideaNG1! still bearish, but the slowing pace of down moves shows the price may enter a consolidation state. Has a lot of upside space that is constrained by fundamentals (weather included). An upside breakout from the potential forming wedge, will trigger buyers' attention.
Butterfly Still in Play for Natural Gas NG!Butterfly still in play
1) XB should be 0.786. Here we have 0.794 so I would accept it. Tick
2) AC should range between 0.392 to 0.886. Here it is 0.774. Tick
3) BD should range between 1.618 and 2.618. Here it is 2.128 . Not complete yet but Trending!
4) XB should range between 1.27 and 1.618. Here it is 1.493. Not complete yet but Trending!
Let's see what the price action does. I believe a reversal is due now to the upside.
Note: XB to 1.618 would be at the price of 3. So still downside risk.
Daily NG analysisDaily NG analysis
A long position with the target and stop loss as shown in the chart
The trend is up, we may see more upside
All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments.
He gave a signal from the strongest areas of entry, special recommendations, with a success rate of 95%, for any inquiry or request for analysis, contact me
Natty 40% profit, 27:1 risk/rewardNatural gas is in the process of forming a double bottom (the db is not yet confirmed), and as noted in my BOIL idea has already entered a Bullish butterfly pattern on 4/6/12h timeframes.
pt1=4.984 Expect bearish retracement from that level back to retest the double bottom low before moving to pt2 level. I usually trade bull butterfly by taking 100% profit at pt1, then reentering lower, closer to the butterfly entry price. SL can now be moved up to just below the double bottom level at 3.52, to increase risk reward ratio. The butterfly stop loss is 24% lower at 2.755.
Phoenix and Stock VX3 indicators are also rising from oversold levels on 12h timeframe adding additional supporting data to the trade idea.
💡 (NGas) NG1! Will it be ready for upside ?Hello every one
If the triangle seems to be broken, maybe the gas will return from these price ranges, and I think there is a high probability that we are now at the bottom of the gas price. A triangle has been drawn that if the candles leave the upper part of the triangle, there is a possibility of an upward trend. Be sure to keep an eye on the chart and don't miss this wonderful opportunity.
What do you think? I'm happy to comment❤️🌹
Jan 15,23-NG-Will it get back down to 3So NG started this week off with a Gap Up, not huge but still up.
Question is....will it stay up and gain or is it going to get back to the 3 mark. 3 would put it at the bottom of the Linnear Regression Indicator as you can see on the chart.
I'm going to hold off on any trade until I'm sure price action is going to keep going up (as sure as I can be anyway).
I'm still thinking price will end this week down, if not to 3 then to 3.2 - then I might consider putting in a Buy Order.
Thoughts?
Heiko
Natural Gas 2023 Targets - $3.81 , $3.39Natural Gas has been hanging on key support trend line (WHITE) running from Jun 2020.. If that level gets breached, expect Natural Gas to hit immediate target $4.73 (Yellow Line).
Then eventually we see the targets $3.81 (Orange line) and 3.39 (Green line) in 2023. With economy running into risks of recession in 2023, we'll see pullbacks in NG.
We'll not go to the targets directly, expect technical bounces at the key support levels - $4.73 , $3.81 and $3.39.
Daily NG analysisDaily NG analysis
Sell trade with target and stop loss as shown in the chart
The trend is down and we may see more drop in the coming period in the medium term
All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments.
He gave a signal from the strongest areas of entry, special recommendations, with a success rate of 95%, for any inquiry or request for analysis, contact me
Jan 11,22-NG-Will Price Drop to 3?In looking at the chart, price doesn't look good for a rebound anytime soon. I think 3 is in the cards for next week.
Weather is warmer than usual across the U.S., NG prices in Europe are dropping, China might have to go back into lockdown because of Covid concerns, the WORLD is heading into a hell of a recession, even though some of the world is already into it.
This is why I have stayed on the sidelines for the last 2 weeks and probably will for the next 2. Unless something changes, but price could actually drop to maybe 2.... I think 2.5 is certainly a possibility.
Hence, I am looking at trading a few other markets in the meantime to make some coin.
I will keep you posted.
Heiko
✅NATGAS NEXT MOVE|LONG🚀
✅NATGAS retested the strong support level
After trading in a downtrend from some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above
LONG🚀
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Natural Gas: At decision point. On 12.17.22 I thought natural gas may soon turn up at around 5.18. (see link below if interested). Clearly that was premature. It stayed in a down trend until now. A clear example why when something is in a up or down trend you best wait for price action (candle stick pattern, trend line break) to support that a turn around is about to occur. Then you have the recent low or high to be a stop point if wrong.
The overall pattern has not changed. But if this EWT count is correct wave 3 should not cross below the high of wave 1. We still have a bullish divergence in the daily RSI. We still have an expanding triangle at wave 3. with the last wave down current having .a=.c. and ending at a possible support/resistance area. So this would seem like a good place to finally so up. BUT wait for price action to support this idea.
Best to you. Have a great week.
Naturalgas on reversalNaturalgas on reversal due to cypher completion and also as per RTM a very good level to long now.
