NATGASUSD update. Continue. The target price will not change. What has changed is the corrective wave structure. I'm waiting for an accelerating descending wave sequence. The target price remains at 1,408 usd
Waiting for NATGASUSD short entry. The exchange rate of natural gas is the fractal copy shown in the analysis. Since you have made a very accurate copy so far, I assume that the last descending wave sequence of the fractal will also be copied. In case my analysis is correct, I assume the current rise to be a correction gain, and the decreasing wave sequences to be...
Natural gas has reached 4 year lows for the second time this year. Dovish reports on the NatGas has it's prices obliterated by heavy pessimism compared to previous years. Even though the sentiment is bearish, the technical analysis indicates that there'll be a strong pull back anytime soon.
Looking to catch a bullish movement from natural gas today (7th Jan). Looking out for the trend reversal as NG has been in a downward trend over the last couple months but the bears seem to be losing energy, also an old support level has just been touched.
Feel free to leave any advice in the comments.
GOOD EVENING, HERE IS A POTENTIAL PAN OUT FOR NATURAL GAS. CURRENTLY AT NECKLINE OF WHAT COULD BE A COMPLETED HEAD AND SHOULDERS PATTERN, RIGHT SHOULDER JUST NEEDS TO DEVELOP! PRICE IS CURRENTLY AT A KEY SUPPLY/DEMAND ZONE AND A NICE REJECTION CANDLE ON LAST DAY, EXTREMELY GOOD RR IF THIS WAS TO COME IN BUT EVEN HALF THIS TARGET WOULD BE GREAT. THE MOVE WILL MOST...
NATGASUSD long ... The analysis shows that the size of the decreasing corrective fractals (rose-blue) is the same. During this time, the amplitude of the response to the reduction in correction increases by a factor of 1-2-4. That's why we trade this set of rules. The primary target price for exchange rate appreciation is US $ 2,370. We need to determine this so...
Head and Shoulders on the 1H time frame for Natgas , probably sending the price for todays trading session towards the red line that acts as a downslopping resistance ,
That will be a nice entry point for the next swing high .
Price breaking up back inside to the Fib Triangle( see link on chart )
Price on natural gas has to climb back up through the upper resistance of the Blue triangle so bulls get more chances to square up after the gap we had last Friday sending the price to test the two different resistances above it - green and if breaks through that red line to follow where 50...
Interesting watching how Natural gas price is responding to those two different Fibonacci channels
The one is the upwards Fib channel we were in before selling off and currently rejected from - upper resistance, and the other one is the one we are consolidating in for the last couple of weeks moving downwards giving the down sloping support . Those two lines...
bulls keep pushing natgas to higher levels of structure.
I want to short the market from 2.86 level.
Stop will lie above the underlined zone of supply: 3.06
Targets are based on structure:
Natural gas is on its way to a major structure resistance area.
For many days bulls keep pushing the market without any pullback and
I believe that we will see a retracement from the identified area.
I will be looking for a reversal formation on a lower timeframe to sell the market.
Target level will be 2.5