Natgas
NATGASNATGAS was trading in descending parallel channel. The price was reacting well the support and resistance of descending channel.
Currently the price has given the breakout of channel and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 2.8.
What you guys think of this idea?
NATURAL GAS Breakdown OpportunityHi!
NATGAS is pretty bearish, reading about a warm December, at least in the US, and overproduction. (reading headlines at naturalgasintel.com).
So, I'm expecting price to break down at the test of this trendline, which could be a good opportunity to SHORT on this one.
Have a great week ahead, and please comment if you have something good to add.
Best Regards,
ThomChris
NATURAL GAS: Long term Cycles target 1.400.Natural Gas is very consistent with its long term patterns and in particular Cycles that have been in effect since the 2008 crisis. The dominant pattern since then has been a Channel Down and with the application of the Fibonacci levels we get a good understanding of the Cyclical phases. We need to look at the 1W timeframe for that, where the technical is already bearish (RSI = 40.467, MACD = 0.009, ADX = 38.451), recently rejected near the 1W MA200 and now under the 1W MA50.
We can see another three patterns with declines under the 1W MA50 after a 1W Death Cross formation. All pushed near the bottom of the Channel Down, with only the 2009-2012 taking longer. Every monthly rally is a sell entry for us from now on (TP = 1.400).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
NATURAL GAS BEARISH OUTLOOKThe recent surge of warm fronds impacting the United States, the largest consumer of natural gas, shows no signs of dissipating soon, exerting significant pressure on its market. This has led to a substantial decline in the price of the gas, plummeting for eight consecutive days from 2.841 to 2.375, marking a staggering drop of over 16%.
Technical indicators are not signaling an imminent reversal of this trend in the short term, as both the MACD and RSI exhibit robust Sell signals. Should the current trajectory persist, there's a possibility that the price could dip to support levels around 2.124.
A potential pivot point at 2.405 might be considered, potentially leading to a price rebound to 2.712.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NATGAS Long From Support! Buy!
Hello,Traders!
NATGAS fell down following
The collapse of oil but
Has now reached a horizontal
Support of 2.430$ from where
We are already seeing a
Bullish reaction so I think
That the price will go up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
NATGAS On The Rise! BUY!
My dear friends,
Please, find my technical outlook for NATGAS below:
The price is coiling around a solid key level - 2.552
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 2.750
Safe Stop Loss - 2.437
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
NATGAS LONG TERM Buying TRADE analysisHello Traders
In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
today NATGAS analysis 👆
🟢This Chart includes_ (NATGAS market update)
🟢What is The Next Opportunity on NATGAS Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NATURAL GAS Turned bearish but short below the 1D MA200.Natural Gas (NG) opened today below the bottom (Higher Lows trend-line) of the long-term Bullish Megaphone pattern and that is of course the strongest indication that the market has turned bearish long-term. The first sign was breaking and closing below the 1D MA100 (green trend-line), which hasn't been done since June 14.
The safest course of action would be to sell after the 1D MA200 (orange trend-line) breaks and target first the bottom of the Support Zone at 2.425 and after a bounce, 2.135 (Support 2) in extension.
Until the 1D MA200 breaks though, we can see a dead-cat-bounce if the price breaks the Lower Highs trend-line and closes above the 1D MA100 again. If that happens before, as well as the 1D MACD forms a Bullish Cross, we will buy first the target Resistance at 3.275.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
NATGAS Expected Growth! BUY!
My dear friends,
Please, find my technical outlook for NATGAS below:
The instrument tests an important psychological level 2.777
Bias -Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.866
Recommended Stop Loss - 2.727
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK