"The electric light did not come from the continuous improvement of candles." – Oren Harari In the year 1900, the world had a simple energy mix. One half of total energy supply came from coal and the other came from biomass. Gas, oil, and hydropower existed but paled in comparison. Fast forward 121 years, by 2021, things had changed in two key aspects. First, oil...
there i a bearish flag pointing to $83, we don't have yet, any bull formation, the bull formation is in progress and could e another flag that take us up to $190, but now the bear flag is dominating and strong.
Natural Gas has followed my previous outlook by posting what seems to be a simple zigzag with ending diagonal in its final stages. From here we can expect a new wave up. Alternatively this correction can be complicated into ABC flat or WXY double zigzag. But tradingwise there is no reason to expect such further complication at this moment. I also expect oil...
2-time face rejection from 254 levels: stock trading above 100ema and bullish crossover We can see stock form rounding bottom pattern. if a stock breaks its 254 levels it can go further easily as per technical analysis educational purpose only!
I believe the leading diagonal wave (a) has ended, and we are now in wave (b), which can take various forms (including the possibility that it has already ended). I suggested a few possible paths. Once there is a pattern or a mature wave count in wave (b), I can make an assumption when exactly the next leg up will occur.
Natural Gas (NG1!) is trading inside a Bullish Megaphone that has just priced its new Higher Low. The price is above the 1D MA50 (blue trend-line) and has started the new leg to a Higher High. Before that however, it has several Resistance levels to overcome, namely the 2.690 Resistance and before that the Lower Highs trend-line. As a result we are buyers but set...
Natural gas has been basing for a few months now in what has become a very recognizable Wyckoff accumulation pattern. Complete with high volume on the start to low volume towards the end. Breakouts occur on LOW VOLUME in accumulation phases so don't look for volume to give a clue. Just like the AMEX:SPY and NASDAQ:QQQ markets did at the October bottoms. ...
After finishing March and April strong and making all time highs at 119.92, NYSE:XOM pulled back in May to a key support level around 102. With $CL_F setting up for a bullish week, and the Saudis plan to cut their OPEC+ oil supply by 1 million barrels per day, we could see gas prices rise and a potential buying opportunity in $XOM. Technical Analysis: ...
Hello,Traders! NATGAS is trading in a Downtrend and the pair Has formed a bearish flag Pattern so now that we are Seeing a bearish breakout I think that the price Will go further down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Looks like the bet on margins for natural gas related activities are on the blink as gas futures have reset to below pre-pandemic levels. Having one of my best trades of the past two years (without options) in the books, I'm taking profit and going on the options train. Looking for a strategy that places the max loss above 38. and break even at around 27. I...
Lower TF trade, trading above the "Range high" marked on the chart. Came back into range to take stops, shake out longs and fill the gap. Back above 6.80 is trigger to get long for me, Target marked on the chart. back below 6.40 is cut and run time.
✅NATGAS has formed a bearish Flag pattern while trading in a Downtrend so IF we see a breakout Then I think that the price Will go further down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Natural gas, which fell sharply from $ 6.5 to $2 is trying to recover again. During this process, critical levels were determined. These levels appear at $2.10, $3.50 and $5.50. As long as it does not fall below the $2.10 level, I can say that the $3.50 targeted buying opportunity in natural gas continues.
Chevron broken H&S neckline, retesting and holding as resistance, look left PT 104 last area of consolidation, also vol profile shelf. Risk to Reward favors a trade risking a daily close above neckline recovery
CVNA 15 minute chart easy triple bottom buy. Clear support levels below at Volume nodes Easy Day Trading
Huge sell of occurred after breaking it's previous support, turned resistance. I'd be looking to buy of the resistance @ around 2.050 with the aim of it reaching the broken support. If it finds resistance there then we might see a H&S pattern emerge which could be severely bloody. With recession peaking over the corner, this could well play out. Just my...
Is WTI going to suffer the same fate as Natural Gas ? Endearingly referred to as Natty ? Well the good ship Natty got REKT last week. The long side which was overcrowded, overleveraged caught the "to da moon" bagholders off guard . Stunned whilst spitting out the kool aid they were seen gasping for air when the dead cat bounce rocked the boat ., Natty...
Natural gas is increasing in value due to several factors: the unprecedented wildfires in Canada that are ravaging the country and are disrupting the production throughout the province of Alberta; Reuters also reports that Russian pipeline exports had declined 11.4% this month compared to April’s average, putting an additional hold to the fuel supply. The RSI is...