According Chart Patterns and inventory analysis info!!
Here is the updated chart and plan. We got a bearish report which will make it decrease as trend suggest and then once public panics and they exit their longs, smart money will enter.
gap down fill to 2.96 by monday,falling from this price will be horrible. then afterwards filling the gap at 3.22
It's seems that NGAS is completing a complex B wave, the sell is not really a good option but the buy setup looks compelling.
Ngas is repeating the same pattern of the last year October With winter coming, it is preparing to be bullish :) Wait for the great buying opportunity next week or early november Best of luck
Dear Friends, as we can see a trend reversal chart pattern. Head & Shoulders pattern forming 1hr So a signal that the market is going to move Up. Price Pattern completion on the break of the neckline (fibo levels 0.618 around). Let's see how it goes. Personally Expected Bearish trend for today.:) P.S. Today, EIA Reports Natural Gas Inventories Good Luck!
Based on our bullish assumption from the last chart, NGAS is offering a nice buy setup Everything is in the chart Best of luck
NGAS on daily Chart active long position trading during the EU Session. Looking for Sell Opportunity at multi-zone confluences with multi-level Resistance (Pitchfork trend lines). Good Luck!
Natural Gas or NG is forming a nice bullish setup on the daily time frame. We can see that the price has already broken the upper range and is now touched a resistance area. When looking at the Stoch indicator theres enough buying pressure left. This info combined with the forecast EL Nino and hot summer are strong bullish fundamentals for NG
We can look for short opportunity if the price retest the FIBO 0.618 level near 123 pattern KEY level, just WAITING 4 CONFIRMATION - Pullbacksell! Good Luck!!!!