Natural Gas ShortShort 2.930
Target 1: 2.860
Target 2: <2.78
Stop: 2.978
Elliotwave: Starting Wave 3 of (3)
THD1! trade ideas
NATGAS SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
Previous week’s green candle means that for us the NATGAS pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 2.723.
✅LIKE AND COMMENT MY IDEAS✅
NG1! Buyers In Panic! SELL!
My dear followers,
This is my opinion on the NG1! next move:
The asset is approaching an important pivot point 2.930
Bias - Bearish
Safe Stop Loss - 3.008
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 2.788
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
GAS FUTURES, BEAR-MARKET-Wedge Will Print the NEXT -80% DROP!Hello There!
Welcome to my new analysis of GAS FUTURES from the weekly timeframe perspectives. Since events of the last year 2022 pumped the GAS FUTURES with an inflationary demand shock to unnatural new highs it heavily reversed this dynamic and GAS FUTURES converted into a massive sell-out with a hugely inclined bear-market supply-dynamic that printed several bearish momentum determinations and liquidated positions in a record pace, this happened not only because the whole gas futures have been altered by the massive bear price-action accelerations. Now, GAS FUTURES did not nearly recover from this massive bearish pullback and there is still a lot of supply within the market ready for execution.
Paramount Formations Being the Origin of the Gigantic Price-Action Volatility:
When looking at my analysis, there it is marked, that GAS FUTURES completed the momentous bubble top as of August 2022 and from there on continued with the heavy bearish decline, completing the gigantic bearish ascending wedge formation firstly before the enormous gigantic -80% bearish dump towards the downside printed the major bearish wave C within the whole bearish wave count. From there on GAS FUTURES did not manage to recover and form a substantial reversal, rather GAS FUTURES kept within the lower levels to form the next crucial continuation formation within the level which is an ascending wedge continuation setup. Such a formation in almost all of the cases is marking the continuation setup of the next severe bearish trend wave towards the downside.
Current Formational Dynamics and What to Expect From the Formational Structure:
Since February 2023 GAS FUTURES have already continued with the completion of this ever-so-crucial continuation formation which is marking the actual wave C within this massive bearish trend. Especially, as the GAS FUTURES are about to complete this crucial wedge formation with the wave count to emerge into the final breakout below the lower boundary this is going to set up the next major wave C drop towards the bearish direction and in this case the next massive -80% drop will be inevitably confirmed. Also, not only because GAS FUTURES will have completed this critical wedge formation, but there are major resistances within the whole chart structure marked by the 50EMA, 25EMA, and descending trend line resistances. This means that always when GAS FUTURES touch these resistance levels continued pullbacks are going to be indicated.
Upcoming Events and Determinations to Expect With the Established Setups:
The next times will be extremely crucial for GAS FUTURES because of the fact that more and more long positions are still in line to be executed because of the inflationary pumps seen in the last year many speculations have been made about massive price increase however as this dynamic turned now there is still a lot of bearish volume waiting in the lines. There are several factors underlining the bearish scenario and these are so overwhelmingly accurate that a reversal is not in any case a possible scenario here. Taking the upcoming massive wave extension into the global perspective it can even extend further beyond the target levels marked in my chart, especially when the wave extension reaches such momentum as it has been seen already within the wave A before. Once the targets have been reached further assumptions need to be made, in this case, according to the determined dynamic the bearishness will be so present that a reversal possibility is declining quite massively.
Because of the significance of this whole development with GAS FUTURES, I am going to monitor the condition further within the next time especially as the final breakout can be completed with other important underlying factors to alter the whole market condition again. A supply increase within the GAS FUTURES is likely to accelerate the main dynamics here. Nonetheless, a major drop within the whole GAS FUTURES does not mean the energy sector is completely bearish, it has to be distinguished between GAS FUTURES and other assets within the sector market. In any case, it will be an important dynamic to keep up to date with.
In this manner, thank you everybody for watching my analysis of GAS FUTURES. Support from your side is greatly appreciated.
VP
Oil Gold Silver DXY Natural Gas Price ForecastWelcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias
NG1!: Bearish Continuation & Short Trade
NG1!
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short NG1!
Entry Point - 2.930
Stop Loss - 3.032
Take Profit - 2.747
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
Nat Gas getting ready for a much larger movehaven't updated nat gas for a while, because it's been consolidating heavily for most of the summer. Looks like it is ready to break out soon. Holding 3 dollars is key for a much larger upmove to 3.70 and maybe mid 4s. RSI certainly has plenty of room to run and with Nat gas, and it may outperform even past 5.
Natural gas can go down side On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
NATURAL GAS 27/09 MovePair : NATURAL GAS
Description :
It is unable to Break its Consolidation Phase. Impulse Correction completed in a Corrective Pattern " Rising Wedge " with a Breakout of the Lower Trend Line and Retracement in Short Time Frame with Strong Divergence
Oil Gold Silver DXY Natural Gas Price ForecastWelcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias
- Natural Gas Natgas Stock in confirmed daily uptrend
- Strongest resistance for natural gas resistance is 2.86
#naturalgas #xauusd #xagusd #natgas #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #dxy
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
04:11 AMEX:UNG Stock Forecast
06:55 USO Oil Stock Forecast
10:38 Gold XAUUSD Stock Forecast
12:25 US dollar DXY Stock Forecast
14:39 Silver XAGUSD Stock Forecast
The price of TTF Gas may rise in the near futureIt looks like an ascending triangle model has formed. It is usually a continuation model with an upward trend, but also occurs as a reversal model of a downward trend.
Natural Gas
there should be good entry point if it can breakout the resistance . otherwise, I'll still put it in my watching list.
Let's see what will happen by the end of July ( future contract will be renewed).
NG1! The Target Is UP! BUY!
My dear friends,
My technical analysis for NG1! is below:
The market is trading on 2.649 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2.723
Recommended Stop Loss - 2.614
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
———————————
WISH YOU ALL LUCK
Natural Gas, DXY, GOLD , SILVER Price ForecastWelcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias
- Natural Gas Natgas Stock in confirmed daily uptrend
- Strongest resistance for natural gas resistance is 2.86
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
06:28 AMEX:UNG technical Analysis
09:28 Gold XAUUSD analysis
11:39 US dollar DXY
14:45 Silver XAGUSD analysis
NATGAS Local Long! Buy!
Hello,Traders!
NATGAS is trading along
The rising support line
And is about to retest it
So I think that we will see
A local move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Natural gas can go up from hereFor all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,
NATURAL GAS Moment of truth on the 1day MA200.Natural Gas / NG is trading at the moment between the 1day MA50 and the 1day MA50. The latter hasn't been breached or even touched since December 13 2022.
The pattern is an Ascending Triangle which has inside it a Bullish Megaphone pattern.
The common feature is the Rising Support. If the price gets rejected on the 1day MA200 and breaks the Rising Support, we will see a first test of Support Zone A.
Sell the first bounce and target 2.140 (Support B).
If on the contrary the 1day MA200 breaks first, buy and target 3.030 (Resistance A).
Follow us, like the idea and leave a comment below!!
Weekly Natural Gas Storage Report - 9.21.23 - TWorking gas in storage was 3,269 Bcf as of Friday, September 15, 2023, according to EIA estimates. This represents a net increase of 64 Bcf from the previous week. Stocks were 410 Bcf higher than last year at this time and 183 Bcf above the five-year average of 3,086 Bcf. At 3,269 Bcf, total working gas is within the five-year historical range.
EIA Natural Gas Storage Data
Total (09/15/23): 3,269 Bcf
Total (09/08/23): 3,205 Bcf
Net change: 64 Bcf
Implied flow: 64 Bcf
Year ago stocks: 2,859 Bcf
% change from year ago: 14.3 %
5-year avg stocks: 3,086 Bcf
% change from 5-year avg: 5.9 %
ir.eia.gov
Natural Gas DXY GOLD SILVER Price ForecastWelcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias
Natural Gas Long - 10:00 AM Reversal Entering a long position in Natural Gas around 10 AM local time with bullish reversal candlestick pattern formed on the 15-minute chart with increased volume and confirms support, while managing risk with a stop-loss order at the Asian session swing low and targeting recent high.
Please note that trading involves risks, and this is a simplified trade idea for educational purposes. Always conduct thorough research and consider seeking advice from a financial professional before making trading decisions.
What Sends Natural Gas Prices Higher?The natural Gas market has been chopping around since we carved out a low in February of 2023, but has been overall trending higher and holding out above critical trendline support.
Looking at the price action, it has proven tough to hold contracts for the long term as there is so much volatility involved, but there are some KEY levels to watch to try and understand the overall market trend that is playing out.
Trendline Support:
As I mentioned earlier, there is a strong level of trendline support going back to the lows made in February, and buyers have stepped in and defended this trend with great conviction, not allowing the market to break and make a new low. Although when looking at this market it may look like just simple chop, it is clear the market is trending higher and has not broken below this level with conviction, signaling strength moving forward.
.382 Retracement Level:
When a market is in a downtrend or bearish trend, we often see strong rejections at the .382
retracement level that sends the market back lower. Looking at this chart, we saw Natural Gas breakout and hold above that key level in June, and have defended this level as support, dipping slightly below it a few times and then rallying back higher. This could have been the signal that sent the market back to more of a neutral trend, and if we can see a break and close out above 3.004-3.015, it could be the catalyst for a strong upside move.
Check out CME Group real-time data plans available on TradingView here: www.tradingview.com
Disclaimers:
CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
*Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
