NAtural gas has broken out of a powerful base. We have seen some stellar price action over the last couple weeks. A short squeeze in the making could be brewing. s we approach some heavy daily and weekly resistance, you may see some profit taking ahead of the next leg up. The daily 200 MA & weekly 50 MA should be respected until they're broken.
Previously, The Natural Gas Formed a Bullish Falling Wedge Pattern. On Monday 6 May The Price Broke The Resistance Level (1.973 - 1.893). Currently, This Key Level is Broken and Becomes a New Support Level ! So, I Expect a Bullish Move 📈 --------------- TARGET: 2.140🎯
Resistance was reached, as indicated on the chart. The bulls demonstrated significant strength following an accumulation phase. It remains to be seen whether they can push prices higher to the next resistance level, around 3.439.
Hey all What a few weeks ? I am hoping for a further retracement? any thoughts?
XNGUSD is still in oversold and undervalued territory as demand may be mitigated by anticipation of milder weather and supplies seem to be more than adequate. XNGUSD may move higher if either of those factors changes. The chart shows price about 15% above support and about 60% below heavy resistance. The RSI indicator shows the faster RSI line above the 50...
XNGUSD ( Spot Natural Gas ) on the 15 minute chart shows that it has risen to a supply and resistance zone while the dual time from RSI indicator shows a bearish divergence in the faster green RSI line. The predictive algo of Luxalgo for the regression line forecasts price action to be downside. These are enough analytical aspects for me to take short...
After recent massive bearish rally , Market formed a double bottom on weekly with bullish div seems like the price may go for another leg higher. Entry 1.746 SL 1.510 TP1 1.990 TP2 2.226
Natty has reached the lows of Feb - 23 and has retested with some bullish intent. There's also Bullish Divergence on various timeframes inc. Daily, 4hr, 2hr, 1hr as well as a Monthly on if it holds at these levels for a couple of months, from which we could see a major move up. Taking the 0.618 fib levels as TP which also retest a previous support level....
Breakout from trendline. Upwards now 👊 We have mapped upside price targets in case the resistance lines are broken. If price gets rejected at the resistance line then price is expected to retrace back to the breakout point and then bounce back up If it holds we have expect price to bounce towards upper resistance lines and ascending Fib price targets. Are you buying?
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...
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.
NATURALGAS Pumping today but its coming out of a long ascending channel. So this is wild and dangerous. It has again pushed through resistance into the higher liquidity area. At some point it will likely collapse either to a Golden Window retracement or lower low 👍. Not shorting. Not advice
The current chart pattern perfectly fitting under "Bear Flag". Let's see how it works out
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...
Looks like Natural Gas is trending in a channel and just landed on the its support area. Theres a high probability the price will reverse from this area as its been consolidating there for quite some time now.
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
I am expecting a continuation according to HTF and a high propability of a bullish movement after mitigating the FVG . Happy trading.
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...