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Natgas

Mar 31, 22 NG Pyramid Sell OrderEven though Oil is coming down quite a bit, NG is going up instead. I can only guess at the reason, but I have put in another Sell Order at 5.750 in hopes that this is just a pullback and Price Action will come down tomorrow and next week. Weather wise it is certainly warm across the U.S. so it's probably the war. Anyway, price is inflated beyond what's reasonable - not that reasonable come into play when trading :-) Anyway - we shall see what happens. Just saw a follower ask so I will say here even though it's not on my chart - my SL is at 6 Stay safe. Heiko
NYMEX:NG1!Short
by HEIKOTradingSystem
10
Mar 27, 22 NG going to fall or not?I drew some Support lines as NG went up over the last week...question is now, will NG keep going up or will it finally reverse and 5.55 becomes a new Resistance area? Guess we shall see. In case price action comes crashing down through my Alligator over the next few hours, or overnight tonight, I have put in a Sell order at 5.5 which will be under the green line but probably not the red line - not an ideal trade, but it might work. lol All depends on price action. Anyway, will keep you updated. I'm also looking at Wheat, Corn and Soybeans at the opening bell at 8pm EST to see what happens. Soybeans is almost at Resistance, so if it goes up a bit more, I'll probably put in a Sell order to ride price action back down to Support this week. Stay safe. Heiko
NYMEX:NG1!Short
by HEIKOTradingSystem
23
NatGas: Like a Balloon🎈Like a balloon, NatGas is floating further and further upwards from the support at $3.536. Although every now and then, there may be some gusts of wind temporarily disrupting the upwards surge, we expect that NatGas’s general tendency is to rise higher. However, as it is usually the case with balloons, they can lose air or burst. Accordingly, there is still a 45% chance that NatGas could fall below $3.536 and make a detour through the magenta zone between $3.360 and $1.994 before flying upwards again.
NYMEX:NG1!Long
by MarketIntel
NG Sideways ZoneAfter a significant rise as a result of war, price has approached to the resistance level at 5.000 which has pushed the price for several times in the past. Currently, price is bouncing between the red resistance level at 5.000 and the yellow support zone around 4.800 which is a sideways area. We should wait for the breakout on the resistance or support level first, then in the case of a candle closure above or below the broken level, we can expect a move towards the target.
N
by Mahtab_Tradia
6