My bet would be up, I am eyeing the October high ($5.7 -$6.4), as the weekly trend line holds and possibly test the high again. my analysis is based on technical analysis only no fundamental (as the market make no sense)
Natural Gas LONG Analysis based on pure technical - trend line analysis - Fib retracement (power of Fibonacci Retracement , so we can use as like our advantage in the future), I think now patience is the essential key as always. It is about understanding FLOW (flow of markets) and following the news (swing trading)
1. trade as per levels with strict stop loss will bounce bck from Volumetric mean positions ====================== LIKE IF YOU AGREE ======================
Natural Gas appears to be breaking out of a classic Wyckoff Accumulation pattern and has now accelerated through overhead trend line resistance. Good Volume uptick Bullish RSI Confluence Positive MACD I'm Long BOIL shares as a sister trade, holding for more upside. Expecting an RSI cool off, but as long as price stays above green EMA cloud, I'm bullish on...
It was last September (2021) where I first starting calling for a market top on Natural Gas, which at the time seemed odd to the majority of the energy market participants as it was coming off a very aggressive 6 month rally. It wasn't odd though based on NG's long-term, multi-year cyclical behavior as I accurately displayed on the following chart: Back to...
Natural Gas SHORT Analysis based on pure technical - trend line analysis - Fib retracement (power of Fibonacci Retracement , so we can use as like our advantage in the future), I think now patience is the essential key as always. It is about understanding FLOW (flow of markets)
Natural Gas Will See An Increase In Purchasing Volume Due To High Demand. Push It Up ^ CURRENCYCOM:NATURALGAS CAPITALCOM:NATURALGAS MCX:NATURALGAS1! MCX:NATURALGAS2! AMEX:BOIL AMEX:UNG SKILLING:NATGAS MOEX:NG1! MOEX:NG2! MOEX:NGF2022 NYMEX:NG1! MOEX:NG2! MOEX:NGF2022 AMEX:FCG GLOBALPRIME:XNGUSD PEPPERSTONE:NATGAS NYMEX:TTF1! ...
Elliott Wave View in Natural Gas (NG) suggests it is correcting cycle from June 22, 2020 low in larger degree 3, 7, or 11 swing. The decline is unfolding as a flat elliott wave structure. Down from October 6, 2021 peak (6.47), wave ((A)) ended at 4.825 and rally in wave ((B)) ended at 6.291. Wave ((C)) lower is in progress as a 5 waves impulse. The 1 hour chart...
natural gas completing wxy pattern, we are now on short position in NG..
What is KOLD? KOLD is 2x bear Natural Gas ETF that moves based on the price of Natural Gas futures. Natural Gas futures shot up to insane levels this year, and we believe that natural gas prices will drop very quickly. Natural gas futures usually rally 3-4 months before winter starts. This is because energy providers across the world are trying to price in a...
I do not usually trade these types of assets but I figured I would take advantage of the volatility to buy some short-term dips and sell the recoveries. Extremely oversold and waiting for a retest on Fibonacci levels.
NG is approaching a support zone. If the support zone hold, NG could rocket to $7 handle next.
Natural Gas can reach to $3.1 in coming week , then a correction to $2.8- $ 2.9 is possible and is ready to break big Resistance $3.1 to $6 in 6 month . %100 profit in 6 month is not bad :-)
Exactly two months ago by making use of Natural Gas' clear long-term cycles, I called for a potential Top of the current Cycle after the formation of a Golden Cross on the 1W time-frame: Even though the price rose a bit more, the peak was made shortly after. This time I am narrowing the horizon to 5-6 years and as you see the Cycle's peak was made exactly on...
Price tapped major demand zone, i'm expecting Bullish move. i'm not expert in Natural Gas Trading, this is my first analysis in NG after long time. Hence look for the proper confirmation before trade
The world is demanding energy for an economic recovery and a winter in Europe. Natural gas prices have been rising in recent months, due to the great demand for various factors, including the search for and implementation of cleaner energies, in this process some countries such as China are entering a stage of de-carbonization, In China's attempt to gradually...
price is moving high to a very solid resistance which was the highest price before
natural gas exactly reversed from the point of resistance on monthly chart and started falling new bull run can only come if it breaks the top resistance.