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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Natgas
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
#NaturalGas Can Rise Up Very Quickly #NATGASTraders, Natural gas has created several bullish breakouts over the past weeks but failed to push higher. Now as we are reaching the end of the wedge pattern, a breakout is imminent. This can create a W pattern which in turn can push the prices higher.
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NATGAS Trading Opportunity! SELL!
My dear subscribers ,
This is my opinion on the NATGAS next move:
The instrument tests an important psychological level 2.348
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Goal - 2.202
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
NATGAS Bearish Bias! Sell!
Hello,Traders!
NATGAS is trading in a
Narrowing wedge which
But the long-term bias
Is bearish so as the price
Is about to retest the
Falling resistance of the
Wedge I think that we will
See a move down
To retest the rising support
Sell!
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NATURAL GAS The Triangle's breakout will determine the trendNatural Gas is trading inside a Triangle, with the 1day MA50 as the Resistance.
The critical level is the 1day MA100. If the price breaks above it, target the gap from 2022 at 4.000.
If the price crosses under the Triangle's bottom, target Fibonacci 2.0 at 1.100.
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Natgas: More pressure! 💪You know this one?
Pascal: “Hurry up! Get a move on! We really need to get going!”
- “Whoa, that’s a lot of pressure for just one Pascal…!”
Okay okay, bad jokes aside, Natgas does need a bit more pressure to rise from the compound consisting of the white zone between $1.880 and $3.436, the blue zone between $2.407 and $3.277 and the pink zone between $2.573 and $3.439. Above this conglomerate, it should finish wave iv in pink before turning downwards to develop wave 2 in green, which should then lead below the bottom of the white zone. Once this prominent low is established, Natgas should take off again. However, there is a 40% chance that Natgas could leave the white zone on the southern side, thus expanding wave alt.2 in green earlier already.
NATGAS The Target Is UP! BUY!
My dear subscribers ,
This is my opinion on the NATGAS next move:
The asset is approaching an important pivot point 2.162
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 2.268
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Natural Gas Support and Resistance Guide | Price Outlook- AMEX:UNG AMEX:BOIL VANTAGE:NG Still trading within my falling wedge pattern is getting tight so likely breaking soon
- Bounced off of quadrupole support Friday
- couple of resistance level right above us may test the upper falling wedge resistance next week
NATURAL GAS: Hit the 2 month Support. Buying is favored.Natural Gas hit the S1 Zone today (2.100 - 2.060), which started forming on February 22nd. This support has held another 8 times and with the 1D time frame neutral technically (RSI = 45.392, MACD = -0.046, ADX = 18.986), we are making a buy call targeting the 0.382 (TP = 2.440). In addition, the 1D RSI is bouncing off the HL trendline.
In the event however that the 1D candle closes under 2.060, we will revert to selling and target the -0.236 Fibonacci level (TP = 1.830).
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NG - Serious Bear - ST/LT View This is a serious bear... I am giving my short term/long term outlook here.
Setting up for near term buy. Longer term I believe there will be another low coming. A wave 3 low is currently setting up with a long side wave 4 counter trend trade opportunity.
Here is a Monthly Linear Chart with my anticipated pathway and target price for a longer term buy.
Long on NATGAS throughout the month of AprilSeasonally, April is on average a bullish month for Natural Gas and looks to have set up for a similar outcome this year.
It has made a huge double bottom on the daily with a extreme bullish RSI divergence and you can see a similar positive RSI set up on the hourly and the 4 hour chart as presented in my post.
My target is modest 3 which would is the most recent resistance tested on the 3rd of March and a increase of 46%.
Good luck!