Technical Analysis: - Natural Gas is in a weekly edging buy area and any moment it can bounce once wave (5) in blue will be done - Anyway, the big probability with actual data is that a small extend could happen in the wave (5) - H1 right side is turning down - H4 right side is down Technical Information: - If you're a position trader or long term...
after we have had a rejection at the level of the supply zone we can take the sell position
It was last September (2021) where I first starting calling for a market top on Natural Gas, which at the time seemed odd to the majority of the energy market participants as it was coming off a very aggressive 6 month rally. It wasn't odd though based on NG's long-term, multi-year cyclical behavior as I accurately displayed on the following chart: Back to...
Pattern: Triangle on 1D. Signal: Buy as the price has rebounded on the 1D MA200 (orange trend-line) and formed the 1st Higher High since February 17. After a Higher High, a rally was always followed since July 2020. Target: 3.140 (the 1.618 Fibonacci extension ). Most recent signal on NG: ** Please support this idea with your likes and comments, it is...
Pattern: Triangle on 1D. Signal: Buy as the price has found support just above the 1D MA200 (orange trend-line) and within the 8-month Higher Lows Zone (green). The RSI also hit its own Support Zone. Target: 3.140 (the 1.618 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me....
It's a SHORT here - then see --> arrows.
Pattern: Channel Up on 1D. Signal: (A) Buy as long as he price trades above the 1D MA200 (orange line) (B) Sell if it breaks below it. Target: (A) 2.700 (right below the Resistance) (B) 1.650 (right above the Support). *Note: the RSI is near its 1 year Support Zone. Only once this failed to initiate a bullish sequence. ** Please support this idea with your...
Pattern: Channel Down with underlying Bearish Megaphone on 1D. Signal: (A) Bearish if the price breaks the MA50 (blue line), (B) Bullish if the price breaks above the red Triangle. Target: (A) 1.500 (just above the Support), (B) 2.140 (projected contact with the MA200 (orange line)). Previous successful Buy Signal on Natural Gas:
Pattern: Channel Down on 1D. Signal: Bullish once the MACD makes the bullish cross. Target: 1.700 (projected +15% rise from the low). Previous signal:
Pattern: 4H Channel Down. Signal: Bearish after a Lower High was made yesterday. Target: 2.641 (estimated Lower Low).