✅GAS WILL KEEP GROWING|LONG🚀
✅GAS is trading along the rising support
And as the pair is retesting it
I am expecting the price to go up
To retest the supply levels above
LONG🚀
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Natgas
NATURAL GAS AnalysisNATURAL GAS is trading in a bullish trend and now it's retesting its channel support line I expect either bounce at those levels
or liquidity will be taken and we will see a retest of the midterm point of control at 3.438
Bounce on .5 Fibonacci ExtensionThe SPX & VXX both bounced from the .5 Fibonacci extension and retractement on daily time frames. Monday will be interesting with the Ukraine situations + Emergency FED Meeting results. I can see it going both ways unfortunately but the trend says we find a lower low. My gut tells me a no deal no info meeting through the weekend on Ukraine, and more accommodations from the fed because of Ukraine. These conditions could send the vix higher in the short term, we could finally see the sell off breadth we’ve been waiting for to call the bottom. Engulfments everywhere on the weekly’s charts look terrible. And the setup looks bullish to me on the VXX.
NATURAL GAS Potential Long! Buy!
Hello,Traders!
NATURAL GAS is trading in an uptrend
Along the rising support line
And as the gas will soon retest it
I think its a good long trade opportinity
Buy!
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Nat Gas - long ideaImpulsive move up is definitely fading away. Some pips down still possible, but IMO this is the nice area to watch for longs.
There both bearish and bullish options for the larger structure, but at least we can trade the correction to the last impulse.
The bullish option is under question, but viable - if we assume a flat structure as shown on the chart - with its waves C testing the prior trend line
Let us see.
NatGas: Drama Queen 👑 NatGas is a legit little drama queen these days. Since last week, it has completed wave 2 in green at about $4.049 and has not looked back so far. With several dramatic boosts, it surged upwards and breached the resistance line at $4.825 to finish wave 3 in green. After this exhausting exertion, it put its delicate hand on its forehead, sighing: “I need to recline for a bit…”. This breather led to a descent back below $4.825, but also to a fast recovery. With more dramatic flourishes, NatGas rose higher still and nearly touched upon the green zone between $5.601 and $5.836. Although it has drawn back a bit again, fanning itself with an embroidered handkerchief, we expect Queen NatGas to make it into the green zone to conclude wave 5 in green. If its power suffices, it could even rise into the orange zone between $5.954 and $6.467 to finish wave 5 in green in addition to wave iii in orange there. After all these stresses and strains, we reckon with a distinct corrective movement, which should lead into the lower orange zone between $5.265 and $4.294. There, NatGas should complete the countermovement with wave iv in orange and be royally ready to rise into the upper orange zone between $7.297 and $7.810.
US NatGas Hits Trendline - Fundamentals Likely to Buoy Prices US natural gas futures (Henry Hub) are under pressure following a sharp surge higher, pinging former trendline support before easing. Prices may remain elevated, given colder-than-average temps expected to last through next week from the Ohio Valley to the Southeast US. Meanwhile, Europe continues to source a high amount of US LNG cargoes amid a supply crunch and looming Ukraine/Russia tensions. Volatility is likely to continue in the short term.
Natural Gas: Ready for a new uptrendAfter a correction of -45%, the uptrend resumes in the weekly support level. We bought it at $2 and we've been adding more positions ever since. The energy crisis in Europe is increasing as countries are moving to renewable energies. Germany and Belgium are closing nuclear reactors so we expect issues in terms of demand and supply, and the increasing inflation as well, that is moving the prices higher in commodities.
BOOOOOM. $BOIL hit target today for 62.89% in 29 daysBOOOOOM. $BOIL hit target today for 62.89% in 29 days
I’m just noticing now because it closed in premarket and I was so captivated by SPY today…
62.89% in 29 days!!! This is why I love trading NatGas!!!
Still looks bullish with a possible Golden Cross incoming so if you’re still in good luck…
I'm out... Until next time, BOIL
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled (most of the time)
(Support=Green, Resistance=Red, Trendlines=Blue) Fib will be labeled if any and their colors will vary.)
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
$NATURAL GAS $UNG natural gas elliot waves + TL's plan in play. energy is dominating the mktplace and natty has been mostly overlooked
Watch for 15m break outLooks like NG1! is poised for another move. To be honest, it can break either ways, but ill look for a sell here
Natural Gas - Potential Path for next week? As we know, NATGAS is a beast with it's own mind and often technicals fail to support it's move, but here's one anyway!
As you can see there's a descending flag that has been accumulating and I've used a fib extension to determine it's next target.
It's severely oversold on the hourly and the 4hr charts, due to I'm sure the profit ejections from the previous run.
The most recent reports aren't that bearish IMO and I can see this easily taking flight again soon.
Natural Gas (NATGASUSD): Catching a Pullback 💨
Natural gas dropped to a major key weekly structure support.
The underlined structure matches perfectly with 618 retracement of the major bullish impulse giving us a confluence zone.
On that, the price formed a double bottom formation on a daily time frame.
The neckline breakout confirms a coming bullish rally.
Goals:
4.75
5.45
6.2
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NATURAL GAS Long Setup! Buy!
Hello,Traders!
NATURAL GAS broke a key level
While trading in an uptrend
And is now retesting the key level
Which now acts as a support
The area between the rising support
And the horizontal key level
Is now a demand area so I think
That after the proper retest
The price will go up from this area
To retest the resistance above again
Buy!
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FIngerprints of the Past Point to an Uncertain FutureWhat can the past teach us about the present, furture?
What do Energy, Interest Rates, and Volatility have in common? Perhaps more than meets the eye.
One could surmise this has been ongoing since 2000, one could argue since the 80's. Cycles repeat, can gets kicked.....until we run out of kicks, then the roosters come home to roost, (and they do occasionally need to come home.
My eyes are on Q2. Tightrope between now and then. Black swans (Russia/Ukraine, Inflation, Tightening and Interest Rate provide the catalyst.
Not financial Advice.
$BOIL Target 39.24 $BOIL Target 39.24
Alright… moment of truth, haha… will BOIL bounce up off of the red 35EMA and hit target.
I was tempted to take profits yesterday but I did not… so let’s go…
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I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
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NATGAS looking up 🦐NATGAS on the 4h chart tested a few times the bottom structure.
The price is now moving to the resistance structure and according to Plancton's strategy IF the market will break above and satisfy the Academy rules we will set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long feb Natgas at 3.7 idk why just long on sale. TV asking for more detailed description but man.... I'm a bird at this thing. So let's just post it, okay?
NatgasDaily demand is created by the banks, now we are heading to the supply are that is created by the banks and the instutions.
Well this interesting...Certain geopolitical events, rising prices in Europe and cold snaps across North America seem to be pushing Natural Gas higher. It's broken a key overhead resistance but upside will be limited. You can see some of the previous support lines which do correspond rather nicely with the last move downwards. This is strictly a short-term play unless other resistances and a falling dollar pickup pace.
Gaslights OutIn the beginning, of the year, it was time to buy for the Summer.
Now, Summer is here and here we are.
Price has overshot and with plenty of gas in storage, it's time for me to short the Summer contract here.
Short August(Q)
Long NG Equities
