US Natural Gas (Spot) (XNGUSD) Forum & Chats (FXOPEN:XNGUSD)

copymytrade

2 hours ago

head and shoulder pattern on weekly chart direction towards 2.5

tanvirina

10 hours ago

enough. no go down were u belong

aristesa

14 hours ago

Resistance at 3.75...going down

GrackleObstinatus

15 hours ago

Are the lumberjacks starting up the chainsaws? I haven't heard any Timbers yet.

aitwaras

15 hours ago

If current hour stays green and above support then we continue up to try again 3.77 and 3.82, if it closes below support as bearish candle, we will wait for a retest of support/res area before entering short.
P.S: not an advice, just observation

chriskokal1

16 hours ago

Possible Return of the Bulls

Bulls have bought the dip from last Friday, from the oversold area (3.45–3.55) which acted as support, confirmed by bullish divergence at 15m, 1h, 4h. The market structure has shifted bullish on 15m and 1h, but price is now overbought, with bearish divergence piling up on 1h near historical resistance at 3.75.

During the recent swing high, price filled all the buyside liquidity (liquidity voids - light brown color), but in doing so, it created liquidity voids on the sellside stretching from 3.45 up to 3.65. Currently, price rests above VWAP, signaling overbought and overextended conditions. If this is the start of a bull run, we should see those liquidity voids filled at least by 50% before further upside.

For uptrend continuation, I'm looking for bullish divergence again anywhere inside the support area (3.50–3.65) after price becomes oversold again at 1h (and possibly 4h). Key levels to watch:
- 3.50 & 3.58 (bullish order blocks)
- 3.65 (VWAP). Also a break above and hold of the recent resistance3.75-3.80 would signal further bullish pressure.

For downtrend continuation, a market structure shift breaking below 3.50 is required, followed by a pullback and confirmation entry with bearish divergence from either an active historical resistance e.g 3.75 or a newly made bearish orderblock (15m-1h chart).

I closed my long position which I had opened last week (a bit too soon near 3.62) after spotting weakness and bearish divergence during the manipulation session, which usually takes place during UK hours.
Good luck, everyone!