support & Resistance guide Natural Gas Gold Silver DXY Price forecast
Natural Gas DXY Gold SIlver FORECAST Price action Trend analysis
natural gas weekly uptrend still intact key battle zone now
Weekly bounce off 50% fib retracement good sign for the bulls weekly uptrend still intact, now we have a big enough bounce for bulls to try for the daily uptrend change
- natural gas bulls holding above 2.66 - Natgas resistance at 2.8 & 2.86 zone - natural gas stock currently in a daily and weekly uptrend.
- Natural Gas confirm its daily uptrend - broke bullish out of the equilibrium wedge that has been chopping around for months. - Ideally for bulls we re-test the wedge and bounce off of it - for bears they would want it to break back into it
- UNG falling wedge still intact - potential lacking follow through on the bears on Friday - Natural Gas needs to confirm 1h uptrend as their very first step
- AMEX:UNG AMEX:BOIL VANTAGE:NG Still trading within my falling wedge pattern is getting tight so likely breaking soon - Bounced off of quadrupole support Friday - couple of resistance level right above us may test the upper falling wedge resistance next week
- AMEX:NG AMEX:UNG AMEX:BOIL needs that 4 hours trend change otherwise even the big moves will essentially just fade - still a potential weekly bear flag - but still holding bottom wedge support and also double bottom on daily.
- AMEX:NG AMEX:UNG AMEX:BOIL cant stress enough we need to change trends, even if it is a very big move it will just fade if no trends are changed - need to change the 4h and daily trend to the bulls - likely tightening up in a equilibrium into May, still holding the teal support line.
- UNG NG NATGAS 6h 12 EMA is my short term guide - weekly bear flag potentially confirming - 52 week low support bulls need to defend - 1h equilibrium pattern will break Monday
- NG UNG is on a downtrend in every time frame, bears are in full control. - Bulls would hope we hold the 52 week low - need an hourly trend change back to the bulls for we to potentially get a 4h and daily bounce going and shape up an Equilibrium pattern. - short term intra-day 15m 12 EMA is our guide for full bear control. - I definitely wouldn't be...
Last weeks NG video i mentioned that this is likely a climax bottom and we are heading higher with potential inverse H&S pattern, it ended up playing out in the hourly time frame and bulls were a lot stronger than i expected. - Looking at the 4h time frame 12 EMA as full bull control support if we don't lose it then we wont be getting 4h and daily consolidation...
I am not a professional trader. But noticed a few points thought of sharing. Mostly I am bullish with NG. Especially from 2021 each drop I noticed as a buying opportunity. However, thought of alerting those who are bullish like me to be more careful at this point. Bulls to be careful for getting confirmation before any buy due to the below reasons. 1. Even On...
We had witnessed an extended bull rally in Natural Gas, couple of years. It's time to short Natural Gas, let's see what technical factors influence bearish trend coming ahead.
Our idea is we are in a late stage of wave 2 development. Bottom line, we are bullish for wave 3 after wave 2 completion. -- Pengiran
Expecting a retracement then moving higher for Wave iii of Wave (iii) - Pengiran
Expecting price to move lower to complete wave c of (ii). 3.536 served as our invalidation level for this idea. Moving above 4.390 will strengthen this idea and indicate that early-stage development of wave (iii) is in progress. -- Pengiran