Natural Gas saw a larger drawdown from inventories this week. Nat Gas had a higher weekly close! Stage 2 basing formation is still in play!
Natural Gas has been in a 4 week donwtrend, Price action jsut seems to be bleeding lower. As we approach the Daily 200 MA, loof for sings of accuulation.
Just a review on NATGAS and the direction I would want to see it pull towards. Disclamer: Poor audio quality.
EUR/CAD Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will...
CAD/JPY Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will...
Natural Gas: Top-Down Analysis In this video, I have shared my opinion on Natural Gas through a top-down analysis. I explained in detail the possible trading scenarios we may face. Be careful because Natural Gas is a very risky financial instrument. Thank you and good luck!
Natural Gas: The Bears Have The Price Control Since the previous analysis of the price, we saw that the price faced a very strong resistance near $3.05 and it moved down very quickly this time. On a daily time frame, NG looks like it has room to move down even more. On a lower time frame, the price created a 5-wave movement and 3-wave correction. it looks...
EUR/JPY Long • If price pushes down to and ideally just below our area of value and it doesn't do so impulsively, then I'll be looking to get long with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or after a one hour rejection from it. • If my entry requirements are not met then I will simply wait until another...
Natural Gas hit big resistance and failed to create new highs. Natural Gas supply kicks in and brought price lower.
Natural Gas breakout or fakeout? Our members banked by selling Ung yesterday near the highs. We do think Nat Gas goes higher after more consolidation.
Natural Gas managed to break through 2.5 and now trading around 3.01 area. Note that there's massive resistance zone around 3.040 and above. Higher time frame = bullish + break of structure. Lower time frame = Ride a short down to a point of interest then look for buys. > Short = wait for confirmation = change of character + supply > Long = wait for...
- UNG falling wedge still intact, - NATGAS potential daily downtrend forming we have to see if bulls can play defense and negate that bear flag. - hourly trend will be my guide, if need bulls to form hourly uptrend before anything.
- UNG falling wedge still intact - potential lacking follow through on the bears on Friday - Natural Gas needs to confirm 1h uptrend as their very first step
- Natural Gas First Daily uptrend in a while, still continuing - potential Weekly bull flag if we don't retrace over 0.382 - Next key resistance at 2.65 zone
Nat Gas had an epic move to the upside today. will the bullish momentum continue?
Natural Gas is on watch for a technical Breakout We got a bullish daily close on Natural gas today. Its the first time Nat gas has had 2 daily closes above the 50 day moving average since it started the nasty downtrend.
- AMEX:UNG AMEX:BOIL PEPPERSTONE:NATGAS Natural Gas clear falling Wedge - Daily uptrend confirmed without much follow through at the moment - bulls would like us to hold prior pivot lows and bonce off next week
- AMEX:UNG AMEX:BOIL VANTAGE:NG Still trading within my falling wedge pattern is getting tight so likely breaking soon - Bounced off of quadrupole support Friday - couple of resistance level right above us may test the upper falling wedge resistance next week