I want to be honest..
The rally long was a surprise for me, I expected a long phase but without this momentum.
It was really strange because we have a big storage increase more than last year and I expected a long phase but more flat.
so I think now we can have a rebound of price until support area more or less 2$ before the last long (if we will have).
The...
Bullish Butterfly with perfect harmonic measurements completing at previous low
Target one - 2.42
target two - 2.92
target three - 3.5
stops just below the low zone
4.5 x 1 = risk to reward
good luck traders
its been awhile, I have returned.
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.
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...
NG - Natural Gas is approaching a sell zone.
Let the GAP close and look for a price near the 88.6 FIB level for a retracement down.
As always, secure 20 PIPS!
Share your thoughts.
The Professor
Natural Gas prices run their second straight profitable month, covering the Q1 losses and starting the current week on the front foot. This brings the year’s highs in the spotlight (3.3974), but bulls will need fresh impetus for taking them out. The RSI points to highly overbought conditions though, making the commodity ripe for a pullback towards the EMA200...
Natural gas continues to test mean reversion strategies.
This commodity is continuing to burn the shorts.
For a couple weeks now, Nat Gas has been trading at the upper 2.5 deviation band.
This is an extreme overbought signal that often results in profit taking.
Natural Gas Daily RSI is now diverging from price at overbought levels.
Dear analysts and traders,
I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to...
Nat gas has been a monster breakout trade.
Our members were positioned well on the long side and have officially closed everything out.
We are now looking for an arbitrage short opportunity.
We do except nat gas to go higher but price gains need to be digested.
Since February, the price of natural gas has increased by more than 50%. It seems plausible that this upward trend will not continue at this pace, especially with the warmer season approaching. Seasonally, it's worth noting that natural gas often experiences cyclical highs in the spring, which are rarely sustainable. Based on this premise, supported by technical...
XNGUSD is here on a 120 minute chart. I can see that it is trying to turn the corner and head up.
The RSI is turning up in bullish divergence. While price is below its moving averages, the SMA20
is soon to be in reach. The anchored VWAP lines are approaching a slope decreasing to zero,
while price is getting closer to the mean VWAP as those lines go flat....
This is my idea for NatGas.
I think after this rebound we can start soon the 3°wave...
After the first wave that had hit target we had a potential 2° wave (less than 100% of 1°) so before the next wave, we can have a retest of support area but in any case my stop is under 1.5$. Area between 2 and 2.4 is good for accumulation long position.
Analisys is for weekly...
This is Long -Term Analysis to understand the "Upcoming" Market Direction. Now Confirmed the Downtrend has Breakout. So market definitely move into Uptrend. It might temporarily move downside as a Retest of the Trendline. Must follow Trend continuation technic.
I marked 0.5 Fibonacci Retracement. It is Next Target for Short Term Traders.
I want to help people...
This 30 minute chart of spot natural gas demostrates the indicators triggering / signaling a big
move as it gets underway. I missed the big move catching the two smaller scalpes earlier in the
day. For me, this demonstrates the value of one or more of these indicators armed with an alert
or notification to catch the move once it gets started. It also shows the...
the detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern.
We are still in a downtrend and probably we see a significant decline toward the Crab support line in the Next Weeks.
GOOD Luck
Idea number #103
