NATURALGAS we had rejection from the previous broken support which today acted as a resistance for the 4h chart at 4.22-4.30. The bearish market structure shift at 4h held today and further downtrend is likely. There are two strong supports at the 4h chart 3.80-3.76 and 3.06-3.01. My SL is 3.31, this is calculated from the wick of the previous 4h candle (highest price for the day) + 1.5xATR (15m chart) and is in exact confluence with the above 4.30 resistance i.e. if price breaks above 3.30 then further uptrend is likely so screw the short and I go cry. The first TP is 3.80 (closing 50% position here and brining SL at breakeven after) because I expect some BS volatility once price reaches this level, then next TP is 3.10. That's a 1:2.69 RR for 1st TP and 1:8 RR for 2nd TP with a max drawdown of 3.28%. Good luck everyone!
NGAS 🌤️ March 13-19: High pressure will rule most of the interior US this week with very nice highs of upper 50s to 80s for very light national demand. The West will be mild as weather systems track through with valley rain & mountain snow, along w/highs of 40s-60s, then tracking across the rest of the country early next week for closer to a seasonal pattern. Overall, very light demand through Sunday, then increasing slightly early next week
Why stress over coding when you can just toss scenarios at GPT? It crunches Monte Carlo and Binomial Trees in minutes. Not advanced, but pretty good. Next three days? Pure simulation chaos.
NATURALGAS up until recently was in a 4h uptrend, as of yesterday it broke the support at 4.22-4.30 causing a market structure shift at 4h for a possible start of a downtrend for the 4h chart!
The price was oversold based on the summary of the momentum oscillators (heavy red oscillator overlay on the chart) and indicated a possible retracement.
After today's bullish report price is testing the highs again. In a downtrend we expect that price is making lower highs and lower lows with previous broken support being tested for resistance. If the area at 4.22-4.30 does not hold as a resistance and price breaks and holds above with momentum, then the downtrend at 4h would be invalid and we cannot exclude price reaching again inside the liquidity pocket 4.66-4.91.
Currently there's upwards momentum and bullish trend at the 15m chart with price testing to break the previous resistance. It's being rejected as of now writing this, but bullish momentum is still piling up so the push is not over yet - oscillators are bullish and volume is larger for the bullish candles compared to the bearish candles at 15m.
For a short entry I wish to see a) either we get a clear cut rejection from 4.22-4.30 with bearish divergence for momentum oscillator so that we can confidently keep the shorts or b) a clear break below the current low 3.99 with volume and momentum either would confirm a downtrend continuation and a new short entry.
For a long entry I wish to see price breaking above 4.30 with volume and momentum and not retrace lower than 4.20.
NATURALGAS we had rejection from the previous broken support which today acted as a resistance for the 4h chart at 4.22-4.30. The bearish market structure shift at 4h held today and further downtrend is likely. 
