NATGAS bear trap?US Natural Gas (Spot) (XNGUSD) forum
NATGAS bear trap?
NATURALGAS shan the worlds most irritating man here we got @ 3$
NATURALGAS what time is news?
NATURALGAS reversal in play by the looks
NATURALGAS Looks like unfinished business. 2nd down leg should bring it to 2.85
NGAS NATURALGAS Interesting stats of coming monthly expiration data from last 9 yearsAug only 3 instances higher than July
Sept always higher than Aug
Oct has 7 instances higher than Sept
Nov has 5 instances higher than Oct
Dec has 5 instances higher than Nov
Jan only 2 instances higher than Dec
This is just for a perception purpose to keep in back of our mind & (it goes without saying) past performance is not indicative of future results
NATURALGAS holding longs as of 3.12, with a risky SL at 2.97, with 1st TP 3.35 and 2nd TP 3.55 and possibly 3rd TP 3.65. We are not out of selloff area yet. We have uptrend at 1d with price bouncing from support fuelled by liquidity grab but we also have downtrend at 4h with a ton of buyside liquidity above us, some will be used to fuel a temporary rally until the next selloff. So until all timeframes align on trend for 1h, 4h, 1d, I'm taking longs or shorts as scalps or intraday trade based on 1h or 4h trend with key levels 4h or 1d.E.g. entering short at 1h uptrend exhaustion if 4h is still in a technical downtrend with price near a resistance at 4h or entering long at 4h downtrend exhaustion if price is still in a technical uptrend at the 1d with price near a support at the 1d.
Good luck everyone!
NATURALGAS still got 2 months of bearish pressure yet nothing us saying bullish until winter hits or gasline production gets effected
NATGAS I think 3.0 is a strong support.
USNATGAS I just open a long