Natural Gas at historically significant levels.

Name: Natural Gas at historically significant levels.
Uploaded: 2023-12-04T14:24:40.867033
Channel: the_sunship
Description: All in the video. I'm collecting Nat gas near these levels and I explain why in the video - I hope it's helpful - good luck!

Long

Natural Gas Futures (NYMEX_DL:NG1!)

Updated

NYMEX_DL:NG1! Natural Gas Futures

Chart Patterns Technical Indicators Wave Analysis Natural Gas UNG

chartpattern indicator waveanalysis ng1! ung

All in the video. I'm collecting Nat gas near these levels and I explain why in the video - I hope it's helpful - good luck!

Comment:

4 hr channel on Nat gas futures.

Comment:

looking better this morning, needs to get over 3 dollars for the majority to notice.

Comment:

horizontal shape looks like a consolidation, a breakdown goes to 2.60 or less, a breakup would be significantly bullish.

Comment:

2.5 area reached. tomorrow is the natural gas report. Important to hold this level.

Comment:

closer view - aa little lower to break the channel would be typical. If they don't back bounce into the channel, it's going lower.

Comment:

If nat gas can back into the channel it's more bullish. EIA numbers today at 1030am.

Comment:

we are holding the channel so far - bulls want to see this hold today, Under 2.5 would be bearish (for me at least)

Comment:

if it's a cup and handle, target is mid 5's on NG

Comment:

nat gas lost 2.50 overnight - bearish. we're at support, but it may go lower. watching for a capitulation move.

Comment:

nat gas back to it's channel, a recapture would be bullish.

Comment:

Gas had a nice run and this looks like the end of the first major retracement.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.