Wait for the small trend (blue line) to be broken upwards with confirmation of retest and rejection and from there you can enter LONG.
We have interesting news from SAPPORO, which announced today that they will reduce GAS production, but, a big BUT, they mentioned that they will temporarily stop investments in this sector.
On the one hand, this can scare small...
Majority of traders are loading up on their AMEX:BOIL longs and natural gas futures long positions.
This is why SSL will be grabbed first between $1.5 to $1.7 before price can increase.
If you see the majority of traders saying that the bottom for natural gas is in, then you should be sure that it isn't.
I predict that natural gas will take out these equal lows at 1.91 and we will see 1.784 soon.
The uptrend will start when no one will be talking about it.
Unfortunately, the majority of traders are in long positions and due to market...
UNG (US Natural Gas ETF) has formed a double-bottom price pattern on the Daily chart.
The Price has found temporary support above $8.21.
Support Price Targets are: $8.21, $8.16, $7.72, $6.11.
Resistance Price Targets are: $8.99, $9.93, $10.97, $11.97.
UNG etf does not always correlate & follow technical analysis charts.
Be aware of global fundamental news...
long position establishing here again. this trade is risky. I see a bullish continuation pattern a Cup and handle to be exact. the breakout is not confirmed. however the Ad is showing an ascending triangle on lower time frames.
Title: NATURAL GAS Futures (NG1!), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 3.520
Pivot: 2.623
Support: 1.968
Preferred Case: Looking at the H4 chart, my overall bias for NG1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. To add confluence to this bias, price has also broken above the...
✅NATURAL GAS broke out of
The range and as the price
Is in the downtrend I think
That we will see a bearish
Move down towards
The target below
SHORT🔥
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Nat Gas/ UNG is into massive support and completely oversold on the daily & weekly time frames.
Everyone wanted nat gas at +$9 but no one wants it below $3.
Funny how markets work.
We are long Nat Gas in anticipation of a 25-50% bounce over the next 2-6 weeks.
My previous call on natural gas made Sept. 19 has come to fruition, achieving all three targets, and in a shorter than expected period of time:
Natural Gas / NG - It's Officially a Bear. Now, Hold My Beer
The question I've asked myself for the last few days is simply: Now that the June lows have been taken out, is it time for a reversal?
And frankly, I...
Natural Gas has been hammered over the last couple of weeks and It's about time it took a turn to fill in the gaps; beginning with the most recent one yet to be filled.
Strong positive RSI divergence on the daily, alongside oversold hourly, weekly and monthly RSI.
It's still freezing cold with many winter storms across the USA so I can't see Natural Gas being...
This is not the first time we look into Natural Gas (NG1!) and its long-term patterns. We have coined its Multi-year Cycles Theory in the past and it is time to extend on it a little on the 1W time-frame.
Typically investors ask us for 1D analysis such as the following we published 2 months ago (November 24 2022) and helped us identify the conditions that would...
The price of the Natural gas is good for the most of the emerging market, The falling price also help in the most of the Euorope union nation because this is help to power supply. Now the natural gas price is the near to the Average price.
