xngusd tecnical analysisxngusd is ther support level its good time to buy xngusd for long term its the jackpot zone trader buy and hold your trades
About Natural Gas (Henry Hub)
Natural Gas (NGAS) is a fossil fuel formed from plants and animals buried underground and exposed to extreme heat and pressure. Natural gas is used domestically for cooking, as a power source, in agriculture, and in industrial manufacturing. Natural gas prices fluctuate constantly depending mainly on production issues, stockpiles, weather conditions, economic growth, crude oil prices, and more recently coal. Natural gas is commonly measured in MMBtu, with 1 MMBTu equaling 1 million BTU (British Thermal Units).
XNGUSD Looking for Bullish continuation LONGXNGUSD is still in oversold and undervalued territory as demand may be mitigated
by anticipation of milder weather and supplies seem to be more than adequate. XNGUSD
may move higher if either of those factors changes. The chart shows price about 15% above
support and about 60% below heavy resi
NATURALGAS - Accumulation Is Nearly Over ❗Pumping here and growing in strength out of this accumulative area ❗
I think at some point we will see a third and bearish wave, but it may just be a shallow one before this really gets moving on up.
Its currently in the retracement 0.618 Golden Window and so perhaps it happens here but it could a
Natural Gas (NGAS) - WEEKLY FORECASTForecast: Start of Bullish Trend (Daily)
Invalidation Level: 1.580
Only buy when the price is close to these levels: 1.745; 2.026 (R/S);
BULLISH BUTTERFLYBullish Butterfly with perfect harmonic measurements completing at previous low
Target one - 2.42
target two - 2.92
target three - 3.5
stops just below the low zone
4.5 x 1 = risk to reward
good luck traders
its been awhile, I have returned.
NGAS Upside Risk on Supply-Demand DynamicsNatural Gas prices have been dropping over the past four months due to progress on renewable energy and hot weather being among the drivers. However, market could become tighter this year, with slower supply growth and an acceleration in demand, while key US drillers have slashed their 2024 outlook.
NATGAS BuyNatgas is again approaching the usual support level around 1.613.
I think we can't go any lower than that, so it might be worth taking a long position.
The lowest possible can be 1,566.
Natural Gas Technical AnalysisNatural Gas Technical Analysis
The price broke down from a minor structure support zone.
The first 4 hours candle closed red and looks a big candle, showing an increase in the bearish volume.
The first support will be found near 1.8670 and the second support near 1.8100
Don't forget that it is
It's a matter of WHEN it explodes; not IF Don't know how this plays out in the short-term... but it will explode soon (likely this spring or summer at the latest). If it does flush lower one last time, I'm looking at the $1.30 region... hitting UBER oversold on the quarterly, monthly and weekly charts.
NATURAL GAS - Bullish Falling Wedge 📈Hi Traders !
The NATGAS Price Formed a Falling Wedge Pattern.
Currently, The Price Broke The Resistance Line !
So, I Predict a Bullish Move📈
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TARGET: 1.908🎯
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