Natgas
Nat Gas may get bubblyAfter a bottoming process and a reset of the rsi, a surge up is possible here. Nat gas is also at structural support which usually reacts with price in a positive or negative way. Holding here and not getting below 2 dollars would be very positive. If correct, the target is about $3.50
NATURAL GAS ( XNGUSD ) Long Term Trading Idea Hello Traders
In This Chart XNGUSD HOURLY Forex Forecast By World of Forex
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NATURAL GAS Buy signal unless this Higher Lows line breaks.Natural Gas (NG1!) is trading inside a Bullish Megaphone that has just priced its new Higher Low. The price is above the 1D MA50 (blue trend-line) and has started the new leg to a Higher High. Before that however, it has several Resistance levels to overcome, namely the 2.690 Resistance and before that the Lower Highs trend-line. As a result we are buyers but set a target below that level at 2.550. If instead the price closes a 1D candle below the bottom (Higher Lows trend-line) of the Megaphone, we will sell and target the 1.950 Support.
It is worth mentioning the 1D RSI that has been trading on Higher Lows since February 03, an early Bullish Divergence signal against the downtrend's Lower Lows for the price. This momentum continues to favor buying on the medium-term.
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NATGAS BOIL NG Bottoming formation.Natural gas has been basing for a few months now in what has become a very recognizable Wyckoff accumulation pattern. Complete with high volume on the start to low volume towards the end. Breakouts occur on LOW VOLUME in accumulation phases so don't look for volume to give a clue. Just like the AMEX:SPY and NASDAQ:QQQ markets did at the October bottoms. Remember everyone saying how low the volume was? Yes, same here. We also see a very recognizable MEGAPHONE BOTTOM specifically on BOIL. This is regarded as a bullish signal showing that the existing downtrend may reverse to start a new UPTREND. Further, we see evidence in arcs of a possible bottom. EW counts also suggest the bottom is in for now.
NATGAS Will Keep Falling! Sell!
Hello,Traders!
NATGAS is trading in a
Downtrend and the pair
Has formed a bearish flag
Pattern so now that we are
Seeing a bearish breakout
I think that the price
Will go further down
Sell!
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$BOIL #NG Buy the dipI've been bullish and trading natural gas (BOIL EQT RRC) for a while now and recently sold on the last pump to 2.6
I'm reloading now, as I'm looking at a few things technically I like
-Price appears to have found support on a flattening 20DMA , and will next watch to see if we start trending up
- The low in May was higher than April , and almost forming a rounded base if we can sustain higher than May's low , it will be a good sign
- Strong support at 2 putting in a triple bottom now - even if we go lower, in the longer term as long as we stay above 2 , your entry of say 2.15 won't really matter when we're at 5 !
- EQT and RRC are both flagging and keeping their gains so far, looking for more upside , which of course depends on NG but is providing bullish confluence .
NATURALGAS 22May2023broadly speaking, it is sideways with a fairly large range. but we can still take a chance on a good moment. if you look at the current elliot notation, it is likely that the price will go to the previous HH, you can take a long opportunity with the SL area below the invalid area
May 21,23-NG-Will NG hit 2.7?Will NG go up this week to 2.7?? Let me know your thoughts. I'm on the fence...I think I will put my TP at 2.6 and be satisfied with that.
I have placed my Stop Loss at 2.4 (the green line) so I will only profit 100 points or so if it gets hit, but better than nada right? :-o
Let me know what you think.
Stay safe all.
Heiko
May 18,23-NG-Finally Up Up and away?Did anyone put in a Buy Order at 2? or 2.1?
You can finally see two weeks in a row of Bullish price movement!! Finally!
You can also see price actually passed the green Alligator line which is a bullish sign - just hoping it closes tomorrow ABOVE this line. Then hopfully al good next week.
But who knows - next week is next week. AnyHOOO
Hope all is well with everyone - sorry for a lack of posts recently but there has been nothing but sideways action, until now.
Stay safe !!
Heiko
Where is NATTY going next?Huge sell of occurred after breaking it's previous support, turned resistance.
I'd be looking to buy of the resistance @ around 2.050 with the aim of it reaching the broken support.
If it finds resistance there then we might see a H&S pattern emerge which could be severely bloody.
With recession peaking over the corner, this could well play out.
Just my thoughts, not trading advice . Trade at your own risk. NATTY can be expensive .
Natural Gas Short squeeze!Natural Gas had a bullish close today up over 4% despite weakening economic data.
We could be entering the next stage where Nat gas starts moving higher off these lows.
Clear Accumulation has been occurring and this move off the lows matches the seasonality period of Nat gas.
NATURAL GAS POSSIBLE RALLYNatural gas is increasing in value due to several factors: the unprecedented wildfires in Canada that are ravaging the country and are disrupting the production throughout the province of Alberta; Reuters also reports that Russian pipeline exports had declined 11.4% this month compared to April’s average, putting an additional hold to the fuel supply.
The RSI is above 50. The MACD had broken above its zero level and had triggered signal for further potential gains.
If the current trend continues, the price might test resistance levels of 2.764, and if it gets broken, further target might be 2.931.
In the opposite scenario, the price might test its previous resistance at 2.025.
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Natural Gas & Energy UpdateNatural Gas is on watch for a technical Breakout
We got a bullish daily close on Natural gas today.
Its the first time Nat gas has had 2 daily closes above the 50 day moving average since it started the nasty downtrend.
NATGAS The Target Is DOWN! SELL!
My dear friends ,
NATGAS looks like it will make a good move, and here are the details:
The price is coiling around a solid key level - 2.372
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.251
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK