NATURAL GAS
Naturalgas hits topInitial target from march reached, which could be a top of a diamond pattern forming in case we make a new low on weekly.
Harmonic butterfly on weekly (green) and on daily (red) completed.
Daily RSI above 70, and bearish divergences all over multiple timeframes.
Upcoming elections will surely affect Natural gas, and hopefully the technicals will be in charge of the direction.
This is enough for me to take this shot and short till end of November. Target 1 around 2-2,1. Target 2 below 1,30!
CONTINUE OR RETRACE Natural Gas could continue in this bullish channel however, I would like to see it pull back into this support level before going long again. You need to remember Natural Gas is a seasonal commodity and generally around winter time is when it will be utilized to combine that with another potential lockdown here in the UK could see people stuck indoors for longer than normal.
Natural Gas Big Bear DumpMarket already on the move, structure a clear bear channel that has already broken, more dump to follow.
Trade at your own risk, analysis based on technicals only.
NG - Monthly speed Fibonacci - Bullish breakout over 200% gains We will see insane volatility coming weeks. If NG manage to pass 3 that would push it above monthly fibonacci resistance & pivot. That could easily lead to another 230% gain. I same some targets monthly fibonacci 0.5, 0.6 will settle around 8-10 usd. This will be very quick trading, I will look to short somewhere above monthly Ichimoku, that could be anywhere above 3.5 usd. This is my third monthly chart I've done. I have redone the charts from scratch each time got the same result. This is by far the most interesting chart in whole equity market right now.
Bearish NATGAS front MonthHello everyone,
This is my first time posting here, hope you find this helpful being my own view:
1- Supply is over the 5 year average.
2- Supply is over last year's when winter was cancelled.
3- We are running out of places to keep the supply.
My view is, this is very bearish for the short term at least, and 2.9-3.0 will still be a major psychological level to beat, at least not with over-supply and a dead economy with no big demand.
Thus i am short on this and i believe that our 1st stop is 2.25 followed by 1.5 and we could even go negative for the front month, especially with everyone still dreaming of the winters biggest bull market and 5$ #Natgas,
and as we all know they like to do this, get everyone extremely bullish and chop chop they slay everyone out, and what better time to do this on Natgas than now??
They could bring it so low and suddenly the next month demand picks up and then they take it to all time highs, it's meaning-less if it just goes from 3 now to 4 , what changed? we are still over-supplied, and winter is not here yet!
Hope you found this helpful,
Thanks for Reading!
Recovery trend on NAT GAS - Coffe time at lowRecovery trend on NAT GAS - Coffe time at low
2.40 2.70 recovery trend.
NATGAS path and directionHello everyone
Natural gas broke a downtrend since 2019
Price broke out of the downtrend retested the broken trend and now heading to supply zone
Price formed a uptrend channel
watch price action inside the channel
Watch chart key notes for more clear path
any question feel free to ask :)
OASJust a thought, same scenario as Whiting Petroleum after Chap 11 was announced. I remember b c I traded WLL many times from .32c-$3 B4 finally the shares were reissued and investors got F**ked.
NAT GAS - HUGE BREAKDOWN TRENDNAT GAS looks to have a new coffee time at low side.
This depending on the last trends/news
- Expecting rage. 2.40 2.50 take great coffee time.
Follow/like
NG, not Coal. Thanks!The big question is what is going on with Nat Gas this year???
The December(Z) contract is still coiling up in a wedge pattern and about to reveal the answer.
A closer look at the bullish scenario...
It's looking technically hopeful with the 200 Week EMA, $3.00 level, and the bottom of the wedge all lining up.
Now the bearish scenario...
The RSI could actually be showing that the strength of this trend is toast and it's possible the MACD is over-extended. It would be a good idea to keep a close watch for the whole thing to fall apart, just as bulls are piling in for an anticipated leg up.
As of now I'll be looking to buy December(Z) again around $3.00 if a bounce is confirmed and it remains within the wedge pattern.
#NATGAS #NaturalGas Is stuck between zonesTraders, #NATGAS #NaturalGas Is stuck between zones but has good day trade or short term opportunities on both long and short. This is our last analysis and it is still valid. We are trading between these zones and levels.
If you found this idea useful, hit the like button and subscribe. If you have your own ideas to share on this market or have a question, comment below so that we can discuss.
Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
Natural Gas (NATGASUSD): Bearish Reaction is Highly Probable
natgas broke and closed below an expanding wedge pattern.
because the price is currently testing a strong daily structure,
chances are high that the price will drop.
target levels:
2.05
2.0
the safest zone to sell from is the expanding area between the support of the wedge and the last higher low.
NAT GAS TIME IN THE BIGGER PICTURE Hi,
I would like to say this is not and advice and everyone is responsible for their own plans. I am just sharing my thoughts and journey here.
I think if NAT GAS will break out of this triangle then my next target would be 3.100. Personally i think this will happen this winter of 2020.
There is much volatility in this market but i like it very much. I currently hold my earlier buys. And if it will not break resistance then i will open a short. And bring in a re-buy if it falls towards 2.100
I do this all with small positions because of all the sudden strong movements of NAT Gas.
Good luck & safe trading everyone!
Natural Gas in Cup & Handle Pattern - Daily ChartLet me know your views..
Natural Gas has just broken out of a strong cup and handle formation in the daily charts and is set to break $3.
Stop Loss $2.6
natgas fut update- gaz guncellemeNatgas for futures updated, see the details on the chart
dogalgaz futures guncellendi, detaylar grafiktedir.
NATGAS 3D: SWING: IHS SHORT/LONG 25% correction(SL/TP)(NEW)Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
NATGAS 3D: SWING: IHS SHORT/LONG 25% correction(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as short as I'm expecting a
SHORT/LONG sequence in this market.
🔸 Summary and potential trade setup
::: NATGAS 3day/candle chart review
::: IHS setup in progress HEAD at 2.90
::: expecting 25% correction soon
::: strong chart / bullish outlook
::: however short-term correction
::: 25% downside after 2.90 print
::: higher risk short from 2.90
::: recommend to BUY LOW later
::: recommended strategy: BUY LOW 2.10
::: TP BULLS is +50% / SWING TRADE
::: higher risk strategy: SHORT IT 2.90
::: SL 5% TP 2.10 (TP BEARS: RS)
::: this is higher risk / recommend to short instead
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BULLS