Nat gas confirmed a daily chart breakout!
Its looking likely that we are now putting in a basing formation to move higher.
Now that we are holding above $1.86...we could start to see shorts cover.
I remain bullish as long as were above this key gap zone from 2020.
Nat gas resource stocks are continuing to show signs of accumulation.
$2.25 upside target on...
Nat gas made a bullish reversal today. Closing up over 6%
Natural gas has recaptured the short term trend and is trying to establish a new bullish range.
If Nat gas holds above the key $1.8622 level we will have a quick squeeze to $2.25
Oil continues to grind higher. making new higher highs and higher lows.
Oil is now on watch to target $90 a barrel....
A quick look at the daily charts of the 4 tickers above.
SPX wonderful rally today.
NDX huge 30 min rally late into the day.
Oil moves higher & bullishly consolidating
Natural Gss looks bearish down here.
Natural Gas is appraoching the apex of a wedge pattern.
The Apex is the very tip of the triangle where 2 trendlines meet.
Price will likely have to make a move by April 3 or sooner.
As for which way will price break is anyones guess, but probabliietes are slightly swaying lower.
Signs of accumulation are being observed in the resource stocks. So a bottom is...
Nat gas continues to show some short term weakness.
Its now shaping up based off an RSI divergence that Nat gas could make new lows.
The fact that we had a bearish crossover of the 7 MA & 20 MA is never a good sign.
Sellers clearly took control over price and forced it back below the neckline.
The 100% downside move of the head & shoulders that triggered...
Natural gas looking for a make or break move this week.
Were at an inflection support level where the bulls need to defend price or run the risk for new lows.
Natural Gas resource stocks showing great signs of strength and accumulation.
Natural gas saw a massive bullish gap up to start the week.
Our members secured and trimmed some long positions while still keeping majority of shares on the table.
We remain long and bullish. We believe pullback can be bought.
Natural Gas fighting in the futures to stay alive.
If we for a higher low and close above $1.60 i believe we will have a quick squeeze to $2.25.
The bulls need to defend this gap up!
The widow maker continues to bleed lower and squeeze longs.
This is the exact opposite of a short squeeze. We're going through a long squeeze.
This commodity is at extreme low levels. Covid low levels when the GDP was contracting.
I believe an epic bounce will arise, but this has a history of extreme price action.
Natural Gas resource stocks are making...
Nat gas continues to bleed lower and lower.
Anyone that's over leveraged has been destroyed.
We are now coming into a measured move target on Nat GAs.
This is where we should see a decent technical bounce.
Nat gas has broken critical support.
Losing the $2 whole number is a big psychological breakdown.
Since Nat gas is in a clear down trend making new 52 week lows, you must be mindful about being overleveraged in this asset.
Nat gas closed positively today in a weak market.
The importance of this close is it was a close above yesterdays high. Showing some potential near term momentum .
If Nat Gas can closes above the resistance trendline we could see a retrace to $2.50.
Looking for a weekly bottoming tail on Nat gas to confirm a local bottom.
We have been consistent with our calls on this commodity.
We warned you of lower price action to come and it has come!
new downside levels have been calculated that Nat gas breaks the $2 level.
We should see an intraday bounce tomorrow for a nice day trade move.
Nat gas inventories and price action today were super volatile.
We saw a 7% rally, a 4% decline all for nat gas to finish up positive 2%!
Inventories remain in bullish trend.
BTC is moving higher but really Ethereum is the breakout chart.
Small caps lagging the market bounce.
Oil, Energy, Commodities hit today despite weak dollar.
CPI & innitial Jobs data tomorrow.
Natural Gas is tagging resistance.
Will we see a reversal lower off this level, we think so.
A potential stage 1 basing formation is nearing completion after this final shakeout.
Nat Gas Bulls cant seem to find any momentum continuation.
Lots of chop and slop is forming on the daily chart.
This choppy action could be shaping up for a new low after we get tag the next resistance.
