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Natgas

NATURAL GAS: Short term Sell opportunityNatural Gas got supported on the 4H MA50 yesterday but the rebound seems to be running out of steam. The R1 at 2.697 is so far a Double Top and as the 4H RSI is forming the same bearish pattern as in late May while the 1D technicals are losing strength (RSI = 59.608, MACD = 0.079, ADX = 32.120), we are shorting NG targeting the HL trendline (TP = 2.300). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYMEX:NG1!Short
by InvestingScope
8
NATGAS Massive Short! SELL! My dear subscribers , This is my opinion on the NATGAS next move: The asset is approaching an important pivot point 2.436 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Goal - 2.339 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
PEPPERSTONE:NATGASShort
by AnabelSignals
13
Natural Gas (Hitting some resistants) View On NatGas (19 June 2023) Natgas is in * Uptrend in short term (Intraweek) * Neutral in Mid term (Intramonth) * Neutral in Long term (Last 3 months) Natgas is trying to hard to breach 2.6~2.8 again. This is the third attempts in the span of 4 months. Sooner or later, it shall break up higher. #3 shall be next. Take it slow DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
PEPPERSTONE:NATGASLong
by SonicDeejay
2
NATGAS: What goes up must come downLets keep it simple: We've got a complete cycle hitting 4.236 fib + fake high missing local 1.13 fib + markets in panic We had a small H&S pointing to T1: Hit Whats next? Expecting a bounce after hitting 0.5 fib @ 7.69 possibly forming a bigger H&S Hitting 0.5 again after the bounce will trigger the bigger H&S and will quickly lead to 0.618-0.886 ($7.12-$5.86) levels to be tested. Most likely liquidity below $5.30 will be swept before making any significant upmove Fall below 1.886 ($4.50) will lead to tests of 1.272 ($4.04) or 1.618 ($2.40) Only a sustainable (!) breakout above the recent high will turn the situation in favor for the bulls Hold my beer pls ---- No financial advice, do your own research, don't be stupid
PEPPERSTONE:NATGAS
by NastyBeer
5
NATURAL GAS Possible analysisThe NATURAL GAS trend is bearish for the last couple of months. The market placed a 1.9625 low on 14-Apr-2023. In a 4Hour time frame market reject the resistance area ( $2.35-2.42 ) as mentioned in the price chart and continued the bearish move. Now price is traded near the Support area ( $2.15-2.10 ).RSI ( relative strength index ) at over-sold levels and Volume indicates bears lose momentum. Price respected the trendline in the past two times and is now again near to test, so if the market close above this trendline with a strong bullish candle stick pattern then probably the market going up. So initiate long positions after closing above the Support area and also the trendline. On the other side, the Price traded below 200 MA (moving average ) which indicates the bearish trend is still in line. So Short selling is favorable if the price breaks the trendline to the downside and close below the support area as mentioned in the price chart after confirmation by a bearish price action structure. Support and Resistance levels for day trading ; Pivot Point Level: PP 2.1872 Support Levels: S1 2.0987, S2 2.0416, S3 1.9531 Resistance Levels: R1 2.2443, R2 2.3328, R3 2.3899
FX:NGAS
by alirazaibit
NATURAL GAS ( XNGUSD ) Long Term Trading Idea Hello Traders In This Chart XNGUSD HOURLY Forex Forecast By World of Forex today XNGUSD analysis 👆 🟢This Chart includes_ (XNGUSD market update) 🟢What is The Next Opportunity on NZDCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video 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.
FXOPEN:XNGUSDLong
by forexplanet797
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. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!Long
by TradingShot
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.
AMEX:BOILLong
by stockgienius
4
$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 .
NYMEX:NG1!Long
by FriscoTrades
1
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
NYMEX:NG1!Long
by HEIKOTradingSystem
19