Oil Gold Silver DXY Natural Gas Price ForecastWelcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias
- Natural Gas Natgas Stock in confirmed daily uptrend
- Strongest resistance for natural gas resistance is 2.86
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00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
04:11 AMEX:UNG Stock Forecast
06:55 USO Oil Stock Forecast
10:38 Gold XAUUSD Stock Forecast
12:25 US dollar DXY Stock Forecast
14:39 Silver XAGUSD Stock Forecast
Natgas
Natural Gas, DXY, GOLD , SILVER Price ForecastWelcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias
- Natural Gas Natgas Stock in confirmed daily uptrend
- Strongest resistance for natural gas resistance is 2.86
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
06:28 AMEX:UNG technical Analysis
09:28 Gold XAUUSD analysis
11:39 US dollar DXY
14:45 Silver XAGUSD analysis
NATURAL GAS Moment of truth on the 1day MA200.Natural Gas / NG is trading at the moment between the 1day MA50 and the 1day MA50. The latter hasn't been breached or even touched since December 13 2022.
The pattern is an Ascending Triangle which has inside it a Bullish Megaphone pattern.
The common feature is the Rising Support. If the price gets rejected on the 1day MA200 and breaks the Rising Support, we will see a first test of Support Zone A.
Sell the first bounce and target 2.140 (Support B).
If on the contrary the 1day MA200 breaks first, buy and target 3.030 (Resistance A).
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Natural Gas DXY GOLD SILVER Price ForecastWelcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias
Natural Gas Price Forecast | Bull Flag 2.0 formingWelcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias
- Natural Gas Natgas Stock in confirmed daily uptrend
- Next level for natural gas resistance is 2.86
NATURAL GAS Short-term buy but expect long-term reversal soon.Natural Gas (NG!) is struggling to get past the 1D MA50 (blue trend-line), which is the short-term Resistance and at the same time is supported by the 1D MA100 (green trend-line). The long-term pattern is a Bullish Megaphone and besides the 1D MA100, the price action is supported by the pattern's bottom (Higher Lows trend-line).
Recently however the pattern that has emerged is a Head and Shoulders (H&S) and it remains to be seen if it establishes itself on the immediate price action, which technically means a sharp decline, as in theory it is a bearish pattern.
On the short-term, you can buy up to the Lower Highs trend-line and target 2.750. On the long-term we believe the upside is limited by the 1D MA200 (orange trend-line), which is now on Resistance 2 (3.025) and most likely will reject any spike on Resistance 1 (2.865).
So on the long-term, if the price breaks and closes a 1D candle below the 1D MA100 and Higher Lows trend-line, we will open a long-term sell and target 1.950 (Support 3).
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BOIL: One more climb to go 🏔️BOIL's price has successfully wrapped up the magenta wave (b). Looking ahead, we foresee an ascent in the fourth leg of the yellow five-part wave, targeting the yellow Target Zone between $116.87 and $334.93. Following this ascent, a substantial decline is expected, bringing the price down to around $23, signaling the conclusion of the white wave (II). This yellow Target Zone presents an opportune moment for initiating short positions to capitalize on the anticipated bearish movement.
NATURAL GAS: Trade above or below these levels.Natural Gas is basically neutral on the 1D timeframe (RSI = 47.497, MACD = -0.005, ADX = 30.454) supported by the S1 Zone (holding since June 21st) and restrained below the LH trendline. The 1D RSI is inside a Rectangle, which since May 4th has given excellent sell entries on its top and buy entries on its bottom. You may trade according to that but we will take a breakout approach and sell if the price breaks under the S1 Zone on the first rebound and target S2 (TP = 2.210) or above the LH trendline and target the 1D MA200 (TP = 2.900).
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CL WTI Crude Oil - Getting In Sync With The Market MakersIn late July I made a call that oil's actual target in the imminent term is not $100+, but actually a 3 or a 4-handle.
Oil - A New Long Leg Down Soon Begins
I believe that this long term analysis is still correct. However, price action has shown that the target was finally the daily gap at $85 and was achieved last week.
Thus far in some 7 weeks of trading, oil has only gained $9.
I likewise believe that before Natural Gas goes on its next bull run, it's going to violently abuse the longs with a raid under $1.8
NatGas - No Moon Until Doom
But with current price action, we may get a false breakout over $3.1 before that can happen.
A pump in energy and metals in September would be congruent with the thesis that equities are going to have a very red September as a setup into a Q4 that takes out the highs, which I outline here on the Nasdaq ES Futures:
Nasdaq Futures - Are You Prepared For Red September?
But the problem for retail traders is everyone is "practical" and believes that we're going straight up from where we are. It's a new bull market, some guy who works for some big bank and is tasked with engineering liquidity for high net worth clients and funds, told social and establishment media.
Equity bulls need to give their head a shake, though. And so do energy bulls.
With the U.S. being net short hundreds of millions of barrels from the Strategic Petroleum Reserve and the Fed reiterating that interest rates simply are not going to be cut until there's an international economic crash, the "long" trade only exists insofar as riding the wave that is intended to kill long term funds who are net short.
If the scheme really is to rally like it's a new paradigm into Q4 and create a Bump and Run and then blow the world economy away in 2024 ahead of the next U.S. election, which Joe Biden will win because Donald Trump will die in prison, then there are significant risks.
It's just like Burning Man where they decided to do a ritual sacrifice to the Azov cult in Ukraine and were met with a flood and rainbows and now are trapped in 6 inches of their own urine and feces and alkaline mud.
What I mean by the above is that the best laid plans of mice and men always go awry, and this should be obvious to anyone who understands the situation in China with even a modicum of sobriety.
Unfortunately, the people who understand China with a modicum of sobriety are almost nobody.
Xi Jinping is an idiot who is still holding onto the Chinese Communist Party, the most murderous and worthless regime in all of human history.
While Xi has never participated in the persecution of Falun Dafa's 100 million practitioners, which was started July 20, 1999 by former Chairman Jiang Zemin, and has even been killing the Jiang Faction as his real target in the Anti-Corruption Campaign, Xi is still the head of the CCP.
When the CCP falls, Xi will fall with it and be impugned as responsible for all of the Party's sins in all of history.
And this means that in the process of the CCP falling, Xi may show a glint of intelligence and wisdom and overthrow the Party himself, Gorbachev style, using the persecution as a weapon to protect the real China from being taken over by the International Rules Based Order that uses Taiwan as a proxy.
What all of this means for energy and equities and really everything else is significant gap downs are ahead in the markets, and are likely to come at prices that are high but not that high.
This is because if significant problems in China emerge and go viral on social media that Party West's propaganda machine are unable to suppress, it will disrupt the plan, and all of those long positions that are set to sell at high prices will turn around and start market dumping.
This means you'll wake up one morning and see that SPY and QQQ are down 12% on market open, and this time, unlike COVID, you aren't seeing daily reversals for mitigation.
Everyone will just be open selling to get into USD cash to run for their lives.
Nobody will be around to maintain the bots, and every market will look like a cryptocurrency memecoin.
So here's the trade on oil.
We may see an immediate reversal at $85, where we are now.
But I think the real target is $95, which will take out that effective daily bar double top printed in November of last year.
That will draw in all the $100 call moonboys, since energy bulls are even more irrational than goldbugs.
And they'll expire worthless as we head into the $40s to end the year while Apple prints $220 and Tesla prints $420 and NVDIA prints $480 (lolAIbulls).
So if you want a trade heading into September, maybe we get a retrace to $82 on oil.
Consider going long with a stop under the $77.60~ low. Sell at $95.
Look for big dumps and go short on the retrace and hold into February for a $30 candle.
Then get long for January '25 printing $150+.
The Lengthy Wave 4 BeginsWe don't usually advise trading wave 4's as they can get overly complicated, however upon waiting for what should be the minute wave B we are advising our clients to go long as there is an off chance the minute wave C could be a minor wave 3 if the bottom is in. This is not our primary count though and we believe there is one more intermediate wave down to complete the primary wave C. Going long in our green box around $2.4 should provide us with at least 800 points of movement to $3.2 to complete the minor wave A. As always when trading natural gas you have to be prepared for extreme volatility and manipulation so be sensible with your position sizing.
Here's a closer look at the recent price action -