Allen Andrews gave us great rules. The P5 rule is one of them. As we see in the chart, P5 could be reached. What does this mean? It's an indication that price is at it's peak and a potential turn is ahead. Furthermore we have reached the center-line, where a) price will beak through, revisit and continues or b) price will turn and trade to the opposite...
As this terrible war grinds on, Europe and Asia are getting ready for winter by restocking inventories in the face of a supply squeeze caused by EU and US sanctions. Years of under investment in the sector due to political/ESG concerns combined with the sector's past corporate mismanagement making investors doubly wary has led to insufficient infrastructure in...
Nat Gas - Add this to your main watchlist. We could get a nice opportunity to short if we get a small pullback next few days to the noted orange zone at which point we have to look for clues for a potential sell off. #patience
Short NYMEX:NGN2022 Sell Jul 22 Future (/NGN2) @ Market $6.426
mega failed breakout, expecting a serious drop here
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)
peace talks on and we are either in a potential bear trap or things go well and this takes a dive; maybe, or not the sanctions do not prevent europe from getting NATTY, either way we are heading into warmer climet for the summer months and and Europe is struggling to get off of Russian oil, And quite franly the world government is not prepared to provide it which...
watching NG to see if it statys with the lines Target for now is 5.07 ish looking for 2 hr higher low first,
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)
I think Nat Gas prices are going to soar here, for the coming 9 months. We have a daily entry here, that can evolve into a massive monthly trend. Try not to miss out on this play! Cheers, Ivan Labrie.
Building a position in shares here ready for this breakout above $67 and $70 comes quick Also long BOIL calls #NaturalGas
This is Natural Gas on the 1D time-frame. The recent acts of war by Russia in Ukraine and the annexation of the Donbas region has created a Head and Shoulders (H&S) pattern, which is typically a bearish reversal sequence forming market tops. This is similar to some extent with the pattern formed in February - March 2014 when Russia again committed acts of war...
GOOD EVENING There is no doubt with the war between Russia and Ukraine, the price of fuel and gas will rise to a level we have never seen before, in addition to all candles and the resistance line that I drew before has been broken. so it's a good time to buy now especially since there is no indication that this crisis will end soon business is a business that. so...
Our idea is we are in a late stage of wave 2 development. Bottom line, we are bullish for wave 3 after wave 2 completion. -- Pengiran
Expecting a retracement then moving higher for Wave iii of Wave (iii) - Pengiran
Expecting price to move lower to complete wave c of (ii). 3.536 served as our invalidation level for this idea. Moving above 4.390 will strengthen this idea and indicate that early-stage development of wave (iii) is in progress. -- Pengiran
spotted a cup and handle pattern on the daily chart, which explains why bullish support trendline on weekly tf still hold, and it can potentially back to the top (October high). The fundamental point of view also supports the technical analysis with Russia, US and Ukraine going on. I think this makes perfect sense - and from there we might never see 3.5 again this year :)
if the price follow this pattern - $8 would be mine taking profit