MSB is this our turn aroundLTF MSB. im keeping an eye on the zone marked 1h breaker. If this is our turning point id like to see a strong reaction from this zone.
NG1! trade ideas
When do you prefer to catch falling knives- nat gas up 9%Nat gas isnt a stock, its also a weird commodity.
Its almost always oversold and cheap, and then all of a sudden its wrecking shorts.
Remember James Cordier? the option seller who blew up his clients selling calls on nat gas? geez. tough.
Any who, there momentum divergences in nat gas, showing the selling is slowing.
theres lot of volume showing interest.
I saw a guy on youtube saying he likes it.
I saw a guy (well respected) saying hes taking a stab at it.
today its up almost 10%.
From past experience, its better to be late to the party.
its better to be the 2nd mouse in the mouse trap, not the first.
The first one gets dead, the 2nd mouse gets the cheese.
EW analysis natural gas - Two more lows and then doublingA little idea how gas could continue in the short to medium term. I think that we are still in a wave 3 down. The current recovery from the lows would be wave 4 of that 3rd wave one degree lower. After the end of this 4th wave at 2.66 or max 2.86 wave 5 will see new lows. After that wave 4 of the intermediate degree would lead to almost a doubling to around 4 USD.
✅NATURAL GAS WILL KEEP FALLING|SHORT🔥
✅NATURAL GAS broke out of
The range and as the price
Is in the downtrend I think
That we will see a bearish
Move down towards
The target below
SHORT🔥
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Natural Gas Analysis and ForecastAlthough the natural gas market is currently in a bearish trend, I anticipate a short-term price rebound to test the resistance line around 2.350, followed by a continued bearish trend until new support is found in the 2.100-2.050 line. Looking further ahead, a renewed breakout of the 2.350 and 2.600 resistance lines is expected in early March, leading to a sustained bullish trend that could continue upto 4.000.
youtu.be
Natural Gas - BUY - rebound towards the resistance level.Despite the current downward pressure on the price of natural gas, it is expected to rebound towards the support level which has now turned into a resistance level, but may subsequently resume its downward trend. This could potentially create an opportunity for quick profits
NATGAS Broke The Range! Sell!
Hello,Traders!
NATGAS is trading in a
Downtrend and the price
Broke out of the horizontal
Range so I think that
We will see bearish
Continuation
Sell!
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NATURAL-GAS LONG TERM VIEW Here is the chart of natural gas on monthly timeframe which looks absolutely bearish . its a late realization personally for sure. I wont suggest any trade currently. would wait for the price to come down till 120 and the what's happening and then decide what too do
Watch out NatGasI'm not recommending to anybody to invest in NatGas for retirement, because you have to be able to know the risk with such an investment.
Nevertheless, we can play with that thought for educational purposes: see my analysis what I did for myself only.
NG - Buy Set-up AheadNG has sustained an ugly sell off. Not unusual in this market. This is an opportunity for short and longer term gains I believe.
One needs to be prudent in selecting entry points in this market to manage risk. I believe we are now at that point.
I will be looking to get long next week. If you prefer an etf to use UNG chart below.
Ideally if A = C entry would be roughly $7.40 in UNG.
Natural gas is stuck, but nearing a move Natural gas has been oscillating in a wide range between $2.34 and $2.60, give or take a few cents. $2.50 support/resistance has been the decision level for a sharp move in either direction. At this point, both extremities have been tested multiple times , weakening both support and resistance. I believe that if natural gas bounces here and tests the higher extremity, it will be broken with ease. However , the longer it stays near the bottom of the range, a break of $2.34 becomes likely and a fall to the $2.20 level materializes. $2.20 is roughly the top of the resistance channel that natural gas has been stuck in since December of last year (highlighted by the green box). That flush might wipe out the remaining stops and a big portion of the bulls that are remaining in natural gas, which could yield a nice bounce and trigger a short squeeze.
Feb 15,22-NG-serious sideways actionI can't say when NG will rise again with any significance, but it looks like NG has a floor around 2.350. This is about the low that NG has hit the last 3 weeks.
I'm putting in a standing Buy Order at 2.350
I expect price action to hit this level at some point over the next week or 2. I'm hoping not to miss the next rise up, maybe to 3? Even if it does, I'd say price will come right back down to the 2.5 area and hang out.
Whatever you trade, if you trade NG, keep a close eye on your trade. Lord knows the Big Boys can step in anytime and ruin most of us little people.
Stay safe all.
Heiko
NATURAL GAS: Short term buy signal may be emerging.Natural Gas is very bearish on the 1D time frame (RSI = 36.041, MACD = -0.435, ADX = 40.625) with the RSI a few days back even oversold as since the December 15th Triple Top it has been falling non-stop.
That fall was initiated not just because of the Triple Top but also because of the RSI's Lower Highs (LH), which flashed a Bearish Divergence.
The price this month has been ranging sideways within the 2.340 Support and the 2.655 Resistance. Being this time on a Triple Bottom and with the RSI on HL (Higher Lows) we expect a short term rise to start if the price crosses the 4H MA100, which is untouched in 2 months. We will target the 4H MA200 (TP = 3.000).
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Natural Gas - Long view for next tradeThis is my view for Natural gas in the short time.
If the price break the resistance area I will open a long trade with target near 3$ area..
Stop below tha actual minimum area with a very light loss.
dont't open long position without the breakout ...
only for speculation not for investment.
Nat gas bottom?Natural Gas has fully got to the target set by the former head and shoulders pattern. The question is whether the long term support price is a true bottom. This one is knows fondly as the 'widow maker'.
Natural Gas - Potential Upward MovementNatural Gas already ranged at demand zone. About to break first supply zonoe and move upward to reach second supply zone
NatGas: Back up the truck moment?Buyers are showing up in droves as NatGas tests a massive congestion zone from 2019-2020 with significantly oversold momentum. Feels like a back-up the truck moment as Russia threatens to cut supply on price curbs.
GAIL & Natural Gas FuturesQuite a corelation
GAIL ( black) & Natural Gas Futures (Red)
And since its a single product company, the coorelation is no rocket science.
Once done on a yoy PCH change the chart becomes very intuitive.
Natural Gas at supportNat Gas, the widow maker - is at the 100 month ma (green line), which was a resistance level during it's consolidation and should be a support here. How much of a bounce it can get is hard to say but my guess is at least to 6 dollars sometime this year. This is a monthly chart.
Decision time for natural gas The daily candle that just opened is forming in a very interesting place. It will encounter some strong resistance around the $2.50 mark, which coincides with the last candle and down trend line since December. If Nat gas manages to push thru and break above $2.50 and close above the down trend line, then game on to +$3. If it fails at $2.50 and heads lower to the recent low at $2.39, it is likely to break much lower and make new lows , around the $2.20 mark.
Bobby's Homework Assignment2.9.23 This video is about natural gas which looked like it found buyers, and it did move higher for a while, but the market got more difficult. I wanted to show how I would look at the price action to judge various turning points in this market using gaps. This is an exercise in looking at reversal patterns, Using the tools that we talked about to judge price action to gauge short-term market reversals. Nothing works for everybody... you decide what works for you.
