NATURAL GAS The Triangle's breakout will determine the trendNatural Gas is trading inside a Triangle, with the 1day MA50 as the Resistance.
The critical level is the 1day MA100. If the price breaks above it, target the gap from 2022 at 4.000.
If the price crosses under the Triangle's bottom, target Fibonacci 2.0 at 1.100.
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USDNTG trade ideas
Picking NatGas BottomWhile I speculate that the bottom has been reached, the media speculates about another potential decline in NatGas prices.
Some expect a price crash to as low as €10: MET Group - www.bloomberg.com
Socionomics is a somewhat obscure idea, and those who have heard of it tend to dismiss it as pseudoscience (which, at this point, may be analogous to how the true science was perceived during the Inquisition era). Additionally, socionomics teaches us that the general public rarely notices market peaks and troughs. Rare occasions of excellent possibilities are governed by uncertainty and dread. Of course, there is no assurance that such a moment is coming up now. I just so happen to note that while headlines perfectly echo what I read in books about social behavior when market waves break, my analysis signals to a probable reversal.
You can find the longer term chart on my website.
NATGAS The Target Is UP! BUY!
My dear subscribers ,
This is my opinion on the NATGAS next move:
The asset is approaching an important pivot point 2.162
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 2.268
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Natural Gas Support and Resistance Guide | Price Outlook- AMEX:UNG AMEX:BOIL VANTAGE:NG Still trading within my falling wedge pattern is getting tight so likely breaking soon
- Bounced off of quadrupole support Friday
- couple of resistance level right above us may test the upper falling wedge resistance next week
NATURAL GAS: Hit the 2 month Support. Buying is favored.Natural Gas hit the S1 Zone today (2.100 - 2.060), which started forming on February 22nd. This support has held another 8 times and with the 1D time frame neutral technically (RSI = 45.392, MACD = -0.046, ADX = 18.986), we are making a buy call targeting the 0.382 (TP = 2.440). In addition, the 1D RSI is bouncing off the HL trendline.
In the event however that the 1D candle closes under 2.060, we will revert to selling and target the -0.236 Fibonacci level (TP = 1.830).
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Natural Gas USD Fib based trend and resistance levels LONGHi all,
Presenting my new idea on Natural Gas which has had yesterday some impressing price action while indexes were falling., today is another important day and lets see what happens
As you can see the drop of price from 3rd -10th March measured by Fibs is 0.618, taking this as a correction in a rising trend we are given a price close to 4 USD (measured by Trend based Fib extension), The support levels and price gap just add to it, but please remember this is just an idea not a trading advise! See what is the loss you can hit if this goes in other direction and protect your capital
My long position is in 1:2 risk ratio
Long on NATGAS throughout the month of AprilSeasonally, April is on average a bullish month for Natural Gas and looks to have set up for a similar outcome this year.
It has made a huge double bottom on the daily with a extreme bullish RSI divergence and you can see a similar positive RSI set up on the hourly and the 4 hour chart as presented in my post.
My target is modest 3 which would is the most recent resistance tested on the 3rd of March and a increase of 46%.
Good luck!
#NG Natural Gas Bullish Monthly Close#NG Natural Gas Bullish Monthly close, short covering and bullish accumulation
Interesting observation - Same pattern repeated before reversalIt tends to make a lower low before reversing for long term on monthly chart. This time it made a lower low by closing with green candle for April month. From next month we can expect uptrend which will last for few more months
Bullish NatGas?NatGas looks kind of bullish to me on the 12hr time frame. We consolidated sideways out of the broken down trend.
Then, we broke the 12h coral strongly, made a new high, then it has retraced back to the scene of the crime aka where the break out happened.
This are is also where the 12 coral is now. Price is riding on top of it, and its rejected twice now. It's testing old resistance as support. Could be a bull flag forming here. We either pop to $2.60+ or fall back to structure around $2.10 if support fails.
Higher time frames like the 3 week and monthly are starting to turn. So thats a good sign for the bulls.
I'm still holding long and will buy some more if it drops on UNG. This chart is spot price.
Natural Gas: Another Bullish Move May HappenNatural Gas: Another Bullish Move May Happen
Price was holding very strong all these days above 2.3
I was focused more on a possible retest of 2.1 price zone but as we can
see the price already increased again.
During all these months NG didn't hold the bullish volume but it looks like 2.3
is a new and strong zone of support.
Price can test 2.3 again before the next bullish wave.
We may watch for potential price reversal near that zone.
Thank you and Good Luck!
Natgas 4h flip a coin. Market is Always right. Hopefully WE will have some move today. We may see another selling impulse and another bottom or break lower for the coming hours or days. As Always natgas Can make us +12% -12% in a single day even for no Real reasons sometimes ..so i will advise cautious, observe and stay tune or open position with tigh SL.