NG1! Natural Gas Futures Inverse H&S “variant” updateRange defined key reversal “so far” off of the upper parallel. Inverse H&S pattern has yet to trigger. Bar close important.
See other time frames.
UUUK NBP Natural Gas Futures
94.98GBXD
+2.05+2.21%
As of today at 12:07 GMT
GBX
No trades
GWM1! trade ideas
NATGAS Will Explode! BUY!
My dear followers,
I analysed this chart on NATGAS and concluded the following:
The market is trading on 2.129 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2.192
Safe Stop Loss - 2.089
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NG1! SHORT FROM RESISTANCE
Hello, Friends!
NG1! pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.857 area.
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NATGAS Local Short! Sell!
Hello,Traders!
NATGAS shot up sharply
Just as I predicted but
Has now hit a horizontal
Resistance of 2.273$ and
As we are already seeing
A bearish reaction a
Further correction is
To be expected
Sell!
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NATGAS Buyers In Panic! SELL!
My dear subscribers,
My technical analysis for NATGAS is below:
The price is coiling around a solid key level -2.161
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 2.080
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
NG1! BEARS ARE STRONG HERE|SHORT
Hello, Friends!
NG1! is making a bullish rebound on the 9H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 2.013 level.
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NATGAS Risky Long! Buy!
Hello,Traders!
NATGAS is trading in a
Downtrend but the price
Has hit the horizontal support
Level of 1.90$ and we are
Already seeing a bullish
Rebound so a further
Move up is to be expected
Buy!
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Check out other forecasts below too!
Natural Gas - Fibonacci RetracementNatural Gas MCX , Fibonacci Retracement with Double top Formation.
Golden Zone - 0.618 Fibonacci zone is considered as reversal zone in any retracement. Natural Gas behaving the same. Overall Downtrend Line Broken showing upside reversal
This chart is only for educational purpose and this is not a trading recommendation
Gas Gamecheck out some of my ideas. also I don't take every trade idea that you see here.
these are assumptions before price action completes and confirms.
I am not a professional trader nor am I technical . all ideas are based on what I understand price to be. when I see certain confluences that align with my trading strategy, I then look for my opportunity to enter trades.
Good luck and happy trading
NATGAS: Bullish Continuation is Expected! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the NATGAS pair which is likely to be pushed up by the bulls so we will buy!
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NATGAS Will Explode! BUY!
My dear subscribers,
NATGAS looks like it will make a good move, and here are the details:
The market is trading on 1.978 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2.051
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.
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WISH YOU ALL LUCK
NATURAL GAS Expecting a dead-cat-bounce. Get ready to sell it.Natural Gas (NG1!) has been trading within a long-term Falling Wedge pattern since the April 2023 Low, with its latest Lower High coming right at the top of June 11 2024.
With a short-term bullish divergence on the 1D RSI, we expect to see a 'dead-cat-bounce' in August, which even though it might get as high as the 0.786 Fibonacci retracement level to price yet another Lower High, an acceptable level to get a sell entry again, would be the 1D MA50 (blue trend-line).
Our Target is 1.400, which would be the -0.5 Fibonacci extension (where the February 20 2024 Lower Low was priced), even though the Wedge's technical Lower Low extends as low as 1.200.
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NATURALGAS | MCX | breakout (July 31, 2024)Natural Gas Analysis
Natural gas experienced a short-term rally due to unexpected hot weather forecasts, pushing prices into a supply zone. However, the market remains cautious due to persistent high inventory levels and rising production.
Key Levels: Resistance: 180
Targets:
1st: 182.5
2nd: 185
Support: 177.5
Stop-Loss: Minimum 10 points below entry (adjust based on risk tolerance)
A sustained move above 180 could indicate a stronger bullish trend. Conversely, a breakdown below 177.5
Disclaimer: This information is for educational purposes only and should not be considered financial advice.
