XNGUSD Looking for Bullish continuation LONGXNGUSD 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 level and so I think the bullish move is supported by buying volume. I will take
a long trade on forex and in UNG / UNL on the equities market.
BOIL
Natural Gas: the monster tradeNAtural 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.
BOIL trends up continuation expected LONGBOIL is here on a 30 minute chart. It has reversed this week and ascended 13% with a double
bottom at 13 and 13.25 forming a resing support trendline. Volumes changed from selling
to buying. Price bounced off the ATR- stop loss in its pullback and now appears poised to
break through the moving average channel and get support after that cross-over.
I will take a long trade here with a stop loss of the pivot low of 14 while targeting the
upper boundary of the Keltner channel at 15.25 for two-thirds the position with the remainder
to run to try to reach 37 , the pivot high of January. As a leveraged instrument, BOIL is very
volatile and needs extra care in the trade.
CPK - Big moving coming? This chart has gone through ample consolidation.
Once this pattern breaks its going to be a very powerful move.
Being the fact that were seeing a bullish shift in Utilities and gas & Oil, we think this name is setting up for a upside move.
if Nat gas makes a true bottom this name will likely outperform.
This is a lighter volume name so trade with caution.
Natural Gas closed bullishly today!Nat gas confirmed a daily chart breakout!
Its looking likely that we are now putting in a basing formation to move higher.
Now that we are holding above $1.86...we could start to see shorts cover.
I remain bullish as long as were above this key gap zone from 2020.
Nat gas resource stocks are continuing to show signs of accumulation.
$2.25 upside target on watch. $3- $4 by end of year.
Natural Gas & Oil - Heating Up!Nat gas made a bullish reversal today. Closing up over 6%
Natural gas has recaptured the short term trend and is trying to establish a new bullish range.
If Nat gas holds above the key $1.8622 level we will have a quick squeeze to $2.25
Oil continues to grind higher. making new higher highs and higher lows.
Oil is now on watch to target $90 a barrel.
Inflation still in a downtrend with these commodities breaking out?
BOIL is about to make a big move this springThis stock is deeply oversold on the daily, weekly and monthly charts.
As you can see, it's about to squeeze out of this long downtrend.
We all know BOIL is not a long-term hold because of its futures rolling decay; but this year it could be a huge winner with Natural Gas near it's all-time lows and also deeply oversold.
Natural Gas Price Forecast | DXY Crude Oil Silver Gold Analysis
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00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
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07:26 USO Oil Stock Forecast
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Natural Gas still coiling! breakdown or breakout? Natural Gas is appraoching the apex of a wedge pattern.
The Apex is the very tip of the triangle where 2 trendlines meet.
Price will likely have to make a move by April 3 or sooner.
As for which way will price break is anyones guess, but probabliietes are slightly swaying lower.
Signs of accumulation are being observed in the resource stocks. So a bottom is typically approaching.
DBC EtF has broken out. Nat gas has a small weighting in there.
Natural Gas Price Forecast | DXY Crude Oil Silver Gold AnalysisNatural Gas Price Fo#naturalgas #natgas #xagusd #dxy #xauusd #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
03:15 AMEX:UNG Stock Forecast
05:00 USO Oil Stock Forecast
06:29 DXY US dollar Stock Forecast
07:13 Gold XAUUSD Stock Forecast
08:16 Silver XAGUSDrecast | DXY Crude Oil Silver Gold Analysis
Natural Gas Price Forecast | DXY Crude Oil Silver Gold AnalysisNatural Gas Price Forecast | DXY Crude Oil Silver Gold Analysis
#naturalgas #natgas #xagusd #dxy #xauusd #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
05:27 AMEX:UNG Stock Forecast
08:54 USO Oil Stock Forecast
11:16 DXY US dollar Stock Forecast
12:40 Gold XAUUSD Stock Forecast
14:00 Silver XAGUSD
NATURAL GAS...BURN BABY BURN!Nat gas continues to show some short term weakness.
Its now shaping up based off an RSI divergence that Nat gas could make new lows.
The fact that we had a bearish crossover of the 7 MA & 20 MA is never a good sign.
Sellers clearly took control over price and forced it back below the neckline.
The 100% downside move of the head & shoulders that triggered over a year ago is about $0.70
BOIL: Set for a Potential Bullish Reversal at Bullish Shark PCZNatural Gas on an intra-week basis seems to be in a position to Bullishly Reverse as it sits at the PCZ of a potential Bullish Shark with slight Bullish Divergence near the previous month's low. My target will be anywhere between $16 and $20 though it could always go higher.
Natural Gas going lower? How about Oil?Natural gas has started the week off on a bad note.
Nat gas has lost the key weekly volume gap fill at $1.8622
This was the line in the sand that the bulls needed to maintain.
The fact that Natural GAs has lost the key supply zone shapes up for a likely bearish move lower. We are holding the 20 Day MA so Bull have one last hope at this level. Hope typically isnt a good strategy.
Based off of the RSI divergence, Nat gas may make new lows in the cycle before it has a bullish reversal.
Oil today was weak early on and then made a massive red to green reversal. We have observed every time oil dips into the daily EMA 113, it keeps getting gobbled up.
A bull flag on the daily chart is still being observed. XLE keeps moving higher as it sniffing out higher oil prices.
Oil for the month of February has higher prices compared to the month of January, this should put a higher bid on the CPI energy component tomorrow.
Natural Gas & Oil : is energy breaking out!Natural gas got a positive weekly close. this close sets up a potential short squeeze to $2 & $2.25 as long as we stay above the hourly chart neckline.
Oil has just made it highest weekly close in 18 weeks. Oil has now broken out to the upside and this could be very detrimental to consumers and the inflation fight.
If oil holds above $80 it's going to try to push for $84 and $90.
KOLD Natural Gas Pivots Again LONGKOLD on the 15 minute chart has reversed and swung upside. The the anchored VWAP price
dropped through the mean VWAP and is now in the deep undervalued territory of the second
lower VWAP band line. This is an oversold zone for buying. On the chart, a green arrow is a buy
while a red arrow is a sell. New share buys are funded with profits from BOIL positions
now closed. Relative volatility and volume indicators support the analysis.
I will add further to the position whenever there is an entry provided by a correction found
on a lower time frame of 3-10 minutes.
BOIL ( Natural Gas Futures 3X leveraged) heats up LONGBOIL in the past month fell from a head and shoulders pattern on the 15 minute time frame
into a trend down which leveled out into a double bottom. Supply is in a draw
down right now as might be expected when gas production is diminished in the middle of winter
while demand is rising. The Economics 101 expectation is rising prices on the futures market.
The chart shows a Fibonacci retracement would take price from its current level to about 29
or about 20% upside if that level holds and more if prices can make a stronger more or
if short positions or puts are forced to closed causing some buying pressure synergy.
The RSI indicator confirms the reversal at the double bottom and adds a bit of insurance
to the risk. Accordingly, I am expecting a 20% in the next 2-3 weeks. Target for 2/3 of
the position is 29 while the other 1/3 ( short squeeze scenario) to run to a target of 33
which is the neckline of the H & S pattern. Taking a look at OTM call options striking
$ 30-31 range. Additionally, I will watch the AI algo indicator for a Sell Signal and reassess the
position at that time given its 90% accuracy at this given time frame as evidenced by
a 2000 candle backtest ( or about 500 hours or 82 trading days). Energy may not be the hottest
sector right now but nor is it the coldest.