NatGas is slowly leaving the warm realms of the south behind, aiming for the resistance line at $4.825. Once there, we expect it to rise even further north. However, we also see a 42% chance that the price could decide to soak in some more warmth and go below the support line at $3.396.
And with the winter, the price of natural gas is increasing, too! This means that the course is going to leave the support at $3.396 farther behind. What lays in front are surges past the resistance at $4.825 all the way up to $6.466. Can you feel the heat?
GAS Long Setup 🔵 Entry Level: $5.673 🟢 Take Profit: $6.094 ⛔ Stop Loss: $5.441 Reasons: - So far the price is respecting the ascending channel; - I believe the price may bounce off the lower trendline in the area between $5.535 and $5.670. Game Plan: If the price goes through the lower trendline (yellow), which at the moment acts as a support level, then I...
After all the massive bullish runs, the NatGas price needs to cool down a bit. We expect it to fall to $4.758. From there, new surges are to be expected. Cooling Down!
Hello Traders! Check Related Idea for market context - it's going exactly as we identified, the pattern in NGAS is clear and it's been moving beautifully and very lucrative! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...
Gas Long Setup 🔵 Entry: $2.740 🟢 TP & RR: $2.890 (2.14) ⛔ Stop Loss: $2.670 Trade Reasons: ✔️ Oversold Level Market Flow ✔️ Diagonal Trend Line Support
Gas Long Setup (refer to the setup marked with "2") 🔵 Entry: $2.704 🟢 TP & RR: $2.898 (3.4) ⛔ Stop Loss: $2.647 Trade Reasons: ✔️ Support level ✔️ Close to the 0.618 Fib retracement ✔️ Diagonal trend line within ascending channel 📝 A few things to note here: 1. Seeing how price action develops, you may close the trade setup suggested yesterday (marked as 1)....
daily chart on natural gas long idea
Gas Fib Retracement - Long Order Entry: $2.407 TP & RR: $2.549 (3.38) Stop Loss: $2.365 REASONS FOR THE TRADE So far Gas has respected the Fibonacci levels twice, leading me to believe that we may see a bounce from the 0.236 level and a potential reversal. We also have a descending trendline, which I am not sure how well will be respected, but it's worth...
Gas Climbing Up - Long Position Entry: $2.715 TP & RR: $2.877 (3) Stop Loss: $2.661 REASONS FOR THE TRADE So far price action has formed a diagonal trend line, so I believe if it respects that level the price should bounce up and head towards a double top. There's also the possibility that we don't get filled and the price starts trending up without us,...
GAS Testing Support Level - Long Position Entry: $2.566 TP & RR: $2.673 (2.49) Stop Loss: $2.523 REASONS FOR THE TRADE This looks a lot like the infamous " market maker method ", so I am expecting the price to continue trending down even below my entry zone. The logical question is then why are we opening a long trade? Well, if this support holds and I...
📌Short intro: Simple ideas - No junk * Full time trader - analyst * High accuracy of ideas * Technically and Fudnamentally side in analysis * Comment if have any questions or like if want to send support * FX - STOCK - CRYPTO * 💡 NATGASUSD technically based idea, we can see price is bounce from bottom trend line, following with strong bullish candles...
📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 NATGASUSD technically based idea, we can see price is bounce from bottom trend line, technicaly indicators...
📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 NATGASUSD technicaly based idea, we can see price is bounce from bottom trend line, strong bulish candels...
📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 NATGASUSD technicaly based idea, we can see price is bounce from bottom trend line, candels formation is strong...