Natural Gas Gold Silver DXY Price forecastsupport & Resistance guide Natural Gas Gold Silver DXY Price forecast
IGA1! trade ideas
NG1! Buyers In Panic! SELL!
My dear subscribers,
NG1! looks like it will make a good move, and here are the details:
The market is trading on 2.605 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.495
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
NG1! BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
We are targeting the 2.478 level area with our short trade on NG1! which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
✅LIKE AND COMMENT MY IDEAS✅
NATURAL GAS: Trade above or below these levels.Natural Gas is basically neutral on the 1D timeframe (RSI = 47.497, MACD = -0.005, ADX = 30.454) supported by the S1 Zone (holding since June 21st) and restrained below the LH trendline. The 1D RSI is inside a Rectangle, which since May 4th has given excellent sell entries on its top and buy entries on its bottom. You may trade according to that but we will take a breakout approach and sell if the price breaks under the S1 Zone on the first rebound and target S2 (TP = 2.210) or above the LH trendline and target the 1D MA200 (TP = 2.900).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
The Lengthy Wave 4 BeginsWe don't usually advise trading wave 4's as they can get overly complicated, however upon waiting for what should be the minute wave B we are advising our clients to go long as there is an off chance the minute wave C could be a minor wave 3 if the bottom is in. This is not our primary count though and we believe there is one more intermediate wave down to complete the primary wave C. Going long in our green box around $2.4 should provide us with at least 800 points of movement to $3.2 to complete the minor wave A. As always when trading natural gas you have to be prepared for extreme volatility and manipulation so be sensible with your position sizing.
Here's a closer look at the recent price action -
What do I mean when I use the word GAPS9.4.23 I know that my use of the word gaps Is a typical And that I am looking for something that's complicated than a simple one bar gap. I know that it has to do with my way of looking at the market to define Buyers and sellers. Buyers are at the bottom trying to push the market higher and sellers are at the top trying to push the market lower... and I am looking for how the market Comes back to retest either the buyers or the sellers depending on how the Market's moving. I view this as more than just one single bar that gaps. I even can call a gap one bar Moving higher or lower and there really Is not actually a gap per se.... it's probably more of a range and a continuation in a certain direction and I would think of that as part of the gap. there's probably a much better way to explain the behavior however from my point of view it's an effective way to determine how markets will auction higher and lower with me thinking about failures of markets to test gaps in either direction that gives me more reassurance on how I can come to a better trade decision. One way I define market behavior can take in the bullishness of a swing that is moving higher that would give me the sense that the market was going to continue higher versus A market that is Moving higher but isn't closing where the market gap lower from the Sellers that changes my perspective that the market may go lower If the current bar Starts moving lower before it can come back to touch the bearish gap that was made at an earlier time. The same is true if the Market's moving lower towards the buyers.
What's going on Is that I have a feel for the market as I think it will move and how that will look as I think about buyers versus sellers. And the same thing happens when I use the terminology to bar reversal. this is why I try to show numerous examples in real time as much as possible.If I were younger I would probably have a better way of articulating what I see.
NG1! BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
It makes sense for us to go short on NG1! right now from the resistance line above with the target of 2.448 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
✅LIKE AND COMMENT MY IDEAS✅
NG1! The Target Is DOWN! SELL!
My dear subscribers,
NG1! looks like it will make a good move, and here are the details:
The market is trading on 2.762 pivot level.
Bias - Bearish
My Stop Loss - 2.837
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.626
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
NG1! - The heating season is coming up soon.ahead of the heating.
Everyone needs gas.
The war will make gas more expensive.
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
NG at multi timeframe support#NATURAL GAS... market is at his multi timeframe supporting level 2.45
its market most important and traded area form last few decades,
again market is at his level and winter season is on his way,
but it should hold this level for again bounce back..
otherwise downside we have next area that is mentioned on chart. 4
trade wisely
good luck
NG sidelines trend will continue...Natural Gas has been very predictive and consistently trading in the range between 2.45 to 2.9(max $3).
- as long as RSI stays above 40 (14day RSI) - NG will be on sidelines with some spikes (based on weekly NG data)
- last 3 month contacts ending at 2.55 to 2.6
- Every month on calendar date 14 to 16th it is touching lows and goes up for next week and comes down by the time monthly contact expires - then recovers for 7 days then falls to lowest of the month.
- 200 MA still holding up and moving up
- 14 and 50 day MA converging and steadying
- as long as smaller triangle formation inside the range (2.45 to 2.89) stays - it won't fall below 2.4 or it wont go beyond 3.2 (max).
- Given factful data NG inventories raises cooling down every week and temp still stay above avg in US and getting close to winter season in Q4 will keep NG prices volatile but stay in sideline ranges.
CONCLUSION : Stick to basics and fundamental principle of technical trading - it is best time in many years to trade NG !
NATGAS Long From Support Cluster! Buy!
Hello,Traders!
NATGAS is trading in an
And the price made a
Retest of the support
Cluster of the rising and
Horizontal support lines
At around 2.450 from
Where we are seeing a
Bullish reaction so
A move up is to be expected
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
NG1! Massive Short! SELL!
My dear friends,
Please, find my technical outlook for NG1! below:
The price is coiling around a solid key level - 2.552.
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 2.514
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
