GAS
NATURAL GAS - Time to Loose some Steam ?Has been an Epic run for Natural Gas but we have come to resistance.
the price will most likely need to take a small break... unless it's willing to go much higher.
At this stage we are cashing out some profits and strengthening our short positions.
💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast:
4.160 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 4.160 is broken.
Technical analysis:
A trough is formed in daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 5.000 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 75.
Take Profits:
TP1= @ 2.600
TP2= @ 2.750
TP3= @ 2.900
TP4= @ 3000
TP5= @ 3.150
TP6= @ 3.650
TP7= @ 4.160
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Gas (GAS)- September 12Hello?
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(GASUSD 1W Chart)
If the price holds above the 4.5773071 point, it is expected that the uptrend will continue.
In particular, if the price holds above the 12.4294029 point, it is expected to create a new wave.
(1D chart)
If the price holds above the 9.3918546 point, I expect it to re-trend the 12.2782948-13.7215147 range.
If it goes down, it may touch near the 6.5054145 point, so trade cautiously.
If it falls from the 4.5773071 point, it could enter the mid- to long-term investment zone, so you should also think about how to respond.
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(GASBTC 1W chart)
It is necessary to check whether there is any movement out of the 0.0000505-0.0002688 section, which is the floor section.
In particular, if the price is maintained above the 0.0004990 point, it is expected to create a new wave.
After a long sideways movement, there is an upward movement, so we will have to keep an eye on the situation.
(1D chart)
We need to see if we can hold the price above the 0.0001440-0.0001753 interval and move above the 0.002688 point.
In order to turn into an uptrend, the price must rise to the 0.002688-0.0003510 range and hold the price.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
PBR PetrobasPETROBRAS-ADR C is an integrated company operating in exploration, production, refining, retailing and transportation of petroleum and its byproducts at home and abroad.
Analysis:
This company impresses me from a financial perspective. This is a company that is managing their debt and cashflow during adverse times within an underperforming sector. I've seen that they've been having alot of activity going on this past month which indicates future sustainability when comparing their operating cashflow to their short term and long term debt scenario. Interested to see how this company performs over time!
On the daily time frame, price is currently overbought when looking at the RSI and the MACD. Even with this sentiment, the previous high was broken on the 4 hour time frame. So I took a look at the smaller time frames and it seems like price is ready to start retracing to a near support level considering that the 200 and 50 ema is crossing on the 15 min time frame and under. It looks like the gap is closing on the 1 hour and the 4 hour going down. I would like to see where price is at when the rsi is oversold and the macd reverses it current crossover. If this company continues to have stable operating and free cashflow over the next few quarters, I don't see why the share price wouldn't have positive expectancy.
I have a price target of $31 but realistically, I just price reach support and retrace the resistance.
*not advice. just an analysis.
RIG (Transocean Ltd.)Transocean LTD., formerly Transocean Inc., is an international provider of offshore contract drilling services for oil and gas wells. The company offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and project management services, as well as explores, develops, and produces oil and gas resources. The company is based in Houston, Texas.
Analysis:
This company still has to show me that they can lower their operating expenses. It seems to me that most of their money is being tied up in making sure they keep their physical assets in working condition. On the Daily TF, I see price has broken out of a long downtrend and is currently over bought. I want to see where price is at once the previous low is retraced. I also want to see what their next quarter or two looks like. Im holding off, but im watching this closely. Potential top performer in a failing industry. Oil and Gas Drilling. I'm going to dig into their website to see if I can get a deeper understanding of where this company can go down the line.
ET to make a Move to the Upside SoonThe midstream "stocks" typically move predictably with their payouts. Energy Transfer is no different and is moving to a strong upside as a payment is expected in October. There's also the considerable catalyst of its acquisition of Enable Midstream Partners which will expand $ET's already extensive pipeline coverage (~90,000 miles). Buying into $ET at its present valuation is nearly theft.
Natural Gas Big Inverse Head and Shoulders Pattern playing outI have spotted this pattern a bit too late, but now we are few weeks after its activation and target is only half way through. I am expecting this to hit the target before we start thinking about possible top.
What do you think? It looks like a textbook execution, I would be surprised if we fail. Now we also have broken the trendline of the previous two highs and we have printed 2 very bullish looking candles on the weekly to support this going further up, maybe even without many corrections.
On the shorter timeframe I see a cup and handle to support the move higher as well. I am very bullish on this based on these factors. Please share your view.
Natural gas going down!!!Hi, price is moving inside an ascending channel and hit the top...divergence in RSI is visible and if it doesn't break the channel we might see a good correction...use proper money management!
Gas 💣💥 $GAS #GASGas has broken a 100-day trend line and after approving the price above the trend line, it is ready to move towards the targets drawn in the chart. The resistors in front of it are also plotted in the diagram.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
Follow for more...
#DYOR
💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast:
3.400 is major support; while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades if the Midterm level 3.400 is broken.
Technical analysis:
While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low.
A trough is formed in the daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 4.650, 4.900, 5.000, and more heights are expected.
Price is above WEMA21; if a price drops more, this line can act as dynamic support against more losses.
The relative strength index ( RSI ) is 71.
Take Profits:
TP1= @ 2.600
TP2= @ 2.750
TP3= @ 2.900
TP4= @ 3000
TP5= @ 3.150
TP6= @ 3.400
TP7= @ 3.650
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💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast:
3.400 is major support; while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades if the Midterm level 3.400 is broken.
Technical analysis:
While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low.
A trough is formed in the daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 4.650, 4.900, 5.000, and more heights are expected.
Price is above WEMA21; if a price drops more, this line can act as dynamic support against more losses.
The relative strength index (RSI) is 71.
Take Profits:
TP1= @ 2.600
TP2= @ 2.750
TP3= @ 2.900
TP4= @ 3000
TP5= @ 3.150
TP6= @ 3.400
TP7= @ 3.650
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
$NRG: Rapid Growth in this Customer Focused Utility CompanyGuidance & Growth
NRG is reaffirming its guidance range for 2021 with respect to Adjusted EBITDA, Adjusted Cash from Operations and Free Cash Flow before Growth Investments (FCFbG) which excludes the full year impact of Winter Storm Uri. NRG's FCFbG for the six months ended June 30, 2021 was $768 million.
NRG has a very compelling value proposition, a unique consumer business that can deliver 15% to 20% annual growth in free cash flow per share over the next five years.
Dividend
A strong dividend growing at 7% to 9% per year. A best-in-class sustainability framework embedded in everything we do and a commitment to maintain a strong balance sheet and continue to be excellent stewards of your capital.
Technicals
You can see we've built up a strong long term base with a recent burst higher. High natural gas prices could be here to stay and NRG could benefit.
NATURAL GAS Will Go UP! Buy!
Hello,Traders!
NATURAL GAS is trading in an uptrend
But now the price is retesting a horizontal support
From where I am expecting a pullback
And a bullish reaction that would move the price up
Buy!
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See other ideas below too!
Logical analysis of the price of natural gasgeneral upward trend
Rising volume supports higher prices
RSI also supports higher prices
NATGAS Gartley HarmonicNATGAS, has produced a Gartley pattern after testing resistance, could be a good time to short it down if price action agrees. Targets towards $3 could produce risk reward ratios of 1:3.