Natgas is again approaching the usual support level around 1.613.
I think we can't go any lower than that, so it might be worth taking a long position.
The lowest possible can be 1,566.
I can see some downtrend after hitting below 1.900 good for shorts
and I can see some good upward movement after hitting 2.55 to 2.7 would be great range for longs
Above mentioned views for purely positional trades
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In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
today NATGAS analysis 👆
🟢This Chart includes_ (NATGAS market update)
🟢What is The Next Opportunity on NATGAS Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Quite clear H&S shoulder pattern has developed on NATTY which began accumulating at the beginning of March of this year.
The green rectangle is the base of the massive accumulation zone which has acted as support previously, now turned resistance.
There's been 2 prior attempts at breaking through, on the third, it broke but wasn't able to hold.
The target...
On April 22, 2024, CAPITALCOM:NATURALGAS is trading below the resistance of 2.04 - 2.05 (yellow line) from Feb 6, 2024, with 3 bottoms forming as shown on the chart.
A break above this resistance would trigger a buy signal with the target around 2.45 as shown on the chart, the same distance to the resistance as the from first bottom.
Esteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
Alright folks, let's vibe with the market rhythm. Sure, we've noticed a bit of a chill in the bearish vibes lately, but hey, don't go diving in headfirst just yet. The price is still cruising below that downtrend speedline, so we gotta keep our cool.
Time to channel our inner candlestick whisperer and ride those lines like a pro. If we start sensing some bullish...
I will be honest with you, I have high hopes that this one could be the project with the biggest success, not necessarily in predicting what the market might do, but how will it act and when and even where. In other words, as usual in most nen projects, most rectangles are simulated projected potential support and resistance zones in their specific time zone, with...
The price of gas is moving away from the previous bearish trend. January and February were extremely bearish. March was a month of consolidation, and April initiated a bullish consolidation supported by EMA20 and EMA50 daily. The price is currently at the $2.05 level, and before the next bullish run, a pullback to the $1.95 support zone is possible.
Hello Traders
In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
today NATGAS analysis 👆
🟢This Chart includes_ (NATGAS market update)
🟢What is The Next Opportunity on NATGAS Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Natural Gas adn equity stocsk saw some positive flows on Friday despite tremendous market weakness.
The commodity sector has been hot and Nat gas has still lagged by a large margin.
Nat Gas still trying to break out of a potential stage 1 basing formation.
This base could be a powerful move to the upside.
If names like AR, EQT & LNG are telling us...
Seems like natural gas is ready to explode in 3rd of 3rd Elliottwave. Oil has similar sentiment despite being less obviously bullish. Natural Gas remains so far firmly on track and expected to rise with oil, perhaps on the Middle East escalation in the most nearest future.
Natural Gas
Now showing bearish divergence on the 3 hour chart after a higher high shakeout.
That is very likely to be a Wyckoff UT UpThrust.
This signals that the current wave up is now more likely to be a connective wave and there will be another bearish wave to follow.
Perhaps it gets back to somewhere around the 0.618 are perhaps it will get all the way...
