QG1! trade ideas
NG1! Is Very Bullish! Buy!
Here is our detailed technical review for NG1!.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2.113.
Considering the today's price action, probabilities will be high to see a movement to 2.286.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NG1! Trading Opportunity! BUY!
My dear subscribers ,
I analysed this chart on NG1!, and concluded the following:
The instrument tests an important psychological level 2.160
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Goal - 2.287
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NG - Serious Bear - ST/LT View This is a serious bear... I am giving my short term/long term outlook here.
Setting up for near term buy. Longer term I believe there will be another low coming. A wave 3 low is currently setting up with a long side wave 4 counter trend trade opportunity.
Here is a Monthly Linear Chart with my anticipated pathway and target price for a longer term buy.
Natural GAS : LONGNatural gas bounced from a low of $1.95/MMBTU, where almost all producers lose money.
Since natural gas and crude oil are near or below breakeven levels, producers are reducing their drilling rate - likely lowering production levels given the lack of capacity.
The negative shift in weather, falling rig count, and potential export boost from Freeport may push natural gas back into a shortage over the coming months.
While natural gas spot prices appear likely bottoming, UNG's immense "contango" pressure remains a key investment rig factor.
Source : Seeking Alpha
Bobby's Homework Assignment Part 14.30.23 I'm going to make two or three videos this weekend in an effort to clear up Misunderstandings and misconceptions about how the market should be traded. Generally speaking... for myself... I picked the markets that have features that I understand... that allow me to use the tools that I need to make a trade decision. In reality if I were not posting charts I would have three possibly four markets that I would be looking at but a routine basis... and I would probably be trading one market at a time, And possibly two at most.... and I would have a specific reason for trading that market. that's all you need.... and if you get really good at it and you want more money you can trade two contracts instead of one. If you're Trading has been very very good... you might trade with scaling techniques that can bring you back to break even on a losing trade because you understand market dynamics.... or you can scale in and out to control your risk Parameters. Your probability of success Is largely a function of the market you choose to trade. Indiscriminate Trading has never been a way for me to be profitable in the market. It just never worked for me.
NG1! Is Very Bearish! Short!
Take a look at our analysis for NG1!.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 2.465.
The above observations make me that the market will inevitably achieve 2.316 level.
P.S
Please, note that an oversold condition can last for a long time, and therefore being oversold doesn't mean a price rally will come soon, or at all.
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NG1! Buyers In Panic! SELL!
My dear friends ,
My technical analysis for NG1! is below:
The price is coiling around a solid key level - 2.458
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.312
Recommended Stop Loss - 2.541
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
NG1!: Expecting Bearish Continuation! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current NG1! chart which, if analyzed properly, clearly points in the downward direction.
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NG1! BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
NG1! pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2.169 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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NATGAS, keeps the flame burning. Upside continues.NATGAS weekly data is suggesting firm price foundation at current levels and an upside continuation is inevitable.
SPOTTED at 2.4 (continuation from 2.0 levels)
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Related news:
Nat-Gas Prices Rebound on Outlook for Cold U.S. Temps
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