NATURAL GAS: Rebound expected near the 1D MA50.Natural Gas is on a six day bearish streak, turning neutral on the 1D technical outlook (RSI = 47.415, MACD = 0.105, ADX = 27.914). The pattern since April is a Bullish Megaphone and every pullback like this, has been a buy opportunity. The last one reversed just before it hit the 1D MA50, and as the 1D RSI is also near the S1 level, we turn bullish, targeting the R1 level (TP = 3.645).
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Natural Gas - Keylevels - DailyNatural Gas remains in a downward trend, we are getting closer to winter, and demand will increase.
Why doesn't the price increase more?
Or...why doesn't the price increase according to your expectations?
Simple..
The story of the war has calmed down and the FUD on prices has decreased and in addition to that, the main factor is that in several countries in EUROPE, the price of gas is capped, so that regardless of demand and supply, the price on the bill remains the same .
My opinion is that if this winter we see Natural Gas between 4-6 dollars, it would be advisable to mark our profits and wait for next year.
Natural Gas - Big moves aheadNATGAS has been putting in consecutive higher highs for the better part of a month. This is indicative of a further move up as called over a month ago. Until this trend is broken we remain bullish and are looking to break the first resistance which should then lead us to 3.5$ very quickly.
BULLISH
NG target $3.0 and $3.6Natural Gas has been consolidating since Mar 2023 and has formed a round bottom. I expect NG to hit the first target $3.0 within next 1-2 weeks and then consolidate at those levels before the hitting target $3.6, which will be a conjunction of two resistance lines blue and white. Let me know your thoughts in comments.
BOIL: Spring and Backtest with Hidden Bullish Divergence BOIL is preparing to shift out of the range as it Bullishly Diverges on the MACD during its spring and backtest and shifts out of the lower RSI Extremes.
We may just get a move to $90 and call it there, but I do think it's possible to see the $150s if this setup truly does result in the absolute bottom.
#NATURALGAS LONG TRADE IDEA SETUPGreetings Folks,
today i have prepared a setup of NATURAL GAS on MCX
the analysis is as follows
- the price is looking for a minor reversal
- currently trading at a very important zone
- wait for a retest for entry
dont play with fire, always use a predefined stoploss
NATURAL GAS Ready to buy at the bottom of the Channel Up?Natural Gas (NG1!) is trading within a logarithmic Channel Up pattern since the April 14 Low. The current bearish leg is one step before testing the 1D MA50 (blue trend-line) but the bottom is located just below the 1D MA100 (green trend-line). That trend-line has priced the last three Higher Lows (September 26, September 06, August 24), so we are ready to buy there and target the 0.786 Fibonacci at 3.250, which has been a standard rebound target since July. The most optimal buy signal though since April 13 is when the 1D RSI enters its Support Zone.
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NatGas: Dived in 🤿 🌊The price of NatGas has now reached the turquoise target zone between $2.98 and $2.77. Here we expect a turning point with the low of the turquoise wave (ii), ideally at the 78.60% retracement of the zone. From there, the price should move higher in large steps until it completes the orange wave (iii) at $4.60.
Natural Gas - Elliott Wave Count UpdateNatural Gas - Elliott Wave Count
this is an update to the previous view.
Today, the market reached a new low after a few consecutive days of decline. The current reversal appears to be the start of wave C of 4. However, it is best not to rush into buying at this moment. We can anticipate another low after the completion of wave 4, which will be an excellent opportunity to buy for a significant gain.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading.
CAPITALCOM:NATURALGAS MCX:NATURALGAS1! FOREXCOM:NATURALGASCFD PEPPERSTONE:NATGAS CITYINDEX:NATURALGASCFD MOEX:NG1! NYMEX:NG1! VANTAGE:NG
Natural gas - UpdateNatural gas - Elliott wave count
Weekly chart seems like bearish which is completely opposite to our view which we posted earlier.. this bearish view also possible so better be careful or atleast wait for some good reversal signal to take buy.
This is an update to the previous view posted.
Nat Gas (UNG, NG) Retracement LongConsidering a trend continuation long in NG here. Per the attached charts (also using futures for zoning), we've had a decent pullback and are nearing intermediate-term (daily) demand. Using the futures chart, there are multiple 15-minute demand zones stacked 3.058-3.006. So, if we penetrate that zone (flirting with it now), look for micro timeframe reversal cues. Looking for a solid swing from this one, so we'll see what happens! Quick take, but want to get this posted as the trade is setting up as I type.
Godspeed!
Jon @ LionHart Trading
Natural Gas Trend Continuation LONGNot a market we trade super often, but there has obviously been a LOT of opportunity in natural gas as of late. After a long period of accumulation, NG has finally broken out to the upside. We are looking for potential trend continuation longs. Ideally, we would like to enter this trade around the ~3.00 level (roughly coincides with Anchored VWAP + support/resistance “flip zone”), but it may be a bit before NG trades back to those prices (if it does). However, shorter-term/more aggressive entries exist via demand zones circa 3.2. We’ve formed new/”fresh” 60-minute supply @ 3.346-3.380, so that is an upside target. One should drill down via smaller timeframes (30/20/15-minute), though, to see what additional supply zones form between ~3.2 and 3.346 – it’s likely other sell levels will exist within expanded range candlesticks formed earlier this morning (EST). Smaller timeframe supply zones + any resistance levels should serve as profit targets for longs; if you enter a trade with multiple contracts, you can always hold a runner and look for new highs if upside momentum is strong. Finally, keep in mind seasonality. We are doing a more thorough analysis here, but NG tends to catch a tailwind during colder months (vs. summer)... We’ll keep an eye on this market and will provide updates accordingly. As is always the case with trading, our approach/thesis could change as price action unfolds, so use your discretion when evaluating this idea. Questions/comments welcome!
Jon @ LionHart Trading
NATURAL GAS Sell signal on overbought Channel Up despite the GolNatural Gas is trading inside a Channel Up since the April 14th Low.
Despite forming a Golden Cross on the (1d) time frame last Thursday, we have a short term sell signal as the price reached the top of the Channel Up.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 2.950 (expected contact with the MA50 1d).
Tips:
1. The RSI (1d) is highly overbought, the highest since May 4th 2022, making the sell signal stronger.
Please like, follow and comment!!
💡 Don't miss the great Buy opportunity in NG1!(Gas)Hi everyone
It seems that we have to wait for an increase in gas prices in the coming months. If there are no special problems, I think we can predict the price of 3.6 dollars for gas.
Do you agree with my opinion? Please support me with likes and comments.
Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count
Natural Gas - On the 1hr chart, NG displays a clear impulse Wave formation, indicating that the market is likely to continue the bull run to the 300 range after the minor correction(may drop to the 260 range for the short term) and then we can expect significant correction toward the 180 range.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
CAPITALCOM:NATURALGAS FOREXCOM:NATURALGASCFD MCX:NATURALGAS1! PEPPERSTONE:NATGAS NYMEX:NG1! MOEX:NG1! VANTAGE:NG
Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count
Natural Gas - On the Daily charts, NG displays a clear impulse Wave formation, indicating that the market is likely to continue the bull run to the 300 range after the minor correction(may drop to the 250 range for the short term) and then we can expect significant correction toward the 162 range.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
CAPITALCOM:NATURALGAS MCX:NATURALGAS1! PEPPERSTONE:NATGAS NYMEX:NG1! MOEX:NG1!
NG1! Under Pressure! SELL!
My dear subscribers,
My technical analysis for NG1! is below:
The price is coiling around a solid key level - 3.330
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 3.020
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count
On the Daily charts, NG displays a clear Triangle Wave formation, indicating that the market is likely to undergo a significant correction toward the 162 range. It is advisable to exercise caution when considering long positions. However, if the market breaks above 272, this view would be deemed invalid.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
CAPITALCOM:NATURALGAS MCX:NATURALGAS1! FOREXCOM:NATURALGASCFD NYMEX:NG1! MOEX:NG1! PEPPERSTONE:NATGAS