Natural gas idea for 17th July 2024, bullish.
📈🚀 Bullish on NATGAS! 🌟
Hey everyone! 🙌 I’m analysing about natural gas right now! Here’s why I’m bullish:
Strong Support Zone: Found a solid support zone on the daily timeframe from around $1.5 to $1.9. This is where buyers have been stepping in recently, which is a great place for purchases! 🛡️💪
First Target (TP1): My first resistance zone (where I’ll take some profit) is between $3.4 and $3.7. This is where we might see some selling pressure, but if we break through, it’s gonna be a breakthrough! OBVIOUS?10000%!! 📈💰
Second Target (TP2): The next resistance zone is from $4.9 to $5.3. If NATGAS hits this, we’re in for a big win! 🚀💵
What happens next? Only God knows!
🔍 Okey, short story about what is backing up my theory:
Increasing Demand: With hotter weather and rising electricity use, natural gas demand is up! More AC means more gas! 🌞🔌 And don't forget about the upcoming winter ❄️🔥; heating needs will push demand even higher!
Supply Concerns: Global tensions with Russia, the Middle East, and Trump assassination affect supply chains. Issues are keeping supplies tight, which is driving prices higher. 🌍📉
Green Energy Shift: Even as we move to greener energy, natural gas remains a key player as a cleaner alternative to coal and oil. Your friend’s Tesla won't work without coal, oil, or gas! 🌱⚡
Overall, NATGAS looks super promising right now. Let’s keep an eye on it and ride the wave! 🌊
#Trading #NatGas #Bullish #Stocks #Investing #SupportAndResistance
Feel free to share your thoughts or ask questions! Let’s make some gains! 🤑🚀
Hey everyone! 🙌 I’m analysing about natural gas right now! Here’s why I’m bullish:
Strong Support Zone: Found a solid support zone on the daily timeframe from around $1.5 to $1.9. This is where buyers have been stepping in recently, which is a great place for purchases! 🛡️💪
First Target (TP1): My first resistance zone (where I’ll take some profit) is between $3.4 and $3.7. This is where we might see some selling pressure, but if we break through, it’s gonna be a breakthrough! OBVIOUS?10000%!! 📈💰
Second Target (TP2): The next resistance zone is from $4.9 to $5.3. If NATGAS hits this, we’re in for a big win! 🚀💵
What happens next? Only God knows!
🔍 Okey, short story about what is backing up my theory:
Increasing Demand: With hotter weather and rising electricity use, natural gas demand is up! More AC means more gas! 🌞🔌 And don't forget about the upcoming winter ❄️🔥; heating needs will push demand even higher!
Supply Concerns: Global tensions with Russia, the Middle East, and Trump assassination affect supply chains. Issues are keeping supplies tight, which is driving prices higher. 🌍📉
Green Energy Shift: Even as we move to greener energy, natural gas remains a key player as a cleaner alternative to coal and oil. Your friend’s Tesla won't work without coal, oil, or gas! 🌱⚡
Overall, NATGAS looks super promising right now. Let’s keep an eye on it and ride the wave! 🌊
#Trading #NatGas #Bullish #Stocks #Investing #SupportAndResistance
Feel free to share your thoughts or ask questions! Let’s make some gains! 🤑🚀
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