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Natgas

NATURAL GAS has bottomed. Excellent buy opportunity.Natural Gas (NG1!) has been trading within a Triangle pattern since the January 09 2024 High, so practically throughout the whole year and this week rebounded exactly on its Higher Lows trend-line, forming a technical bottom. The buy signal gets even stronger as not only has the 1D RSI been on a Bullish Divergence this time (Higher Lows against the price's Lower Lows) but also the 1D MACD formed a new Bullish Cross. Both indicators are posting similar sequences to the Triangle's previous bottom in Feb-March. As a result, being still below the 1D MA50 (blue trend-line), this is still an excellent early buy opportunity. The previous Bullish Leg peaked marginally above the 0.786 Fibonacci retracement level, so our Target is 2.900 (exactly on the new 0.786 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!Long
by TradingShot
NATGAS What Next? BUY! My dear friends, My technical analysis for NATGAS is below: The market is trading on 2.029 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 2.097 Recommended Stop Loss - 1.984 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Long
by AnabelSignals
1
Natural Gas: are bulls capitulating? The bulls have made 9 attempts at breaking out. All attempts have failed which has led us to this sharp decline. Nat gas is holding the 20 day MA but it does look somewhat vulnerable to going lower. The death cross is getting closer and closer as we approach the 50 MA & 200 MA downtrending intersection. Our members stopped out of the second half of UNG in profits I am now hoping and waiting for a sub $2 pierce retest. we shall see if we get it.
CAPITALCOM:NATURALGAS
by Trading-Capital
NATGAS Will Explode! BUY! My dear followers, I analysed this chart on NATGAS and concluded the following: The market is trading on 2.129 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 2.192 Safe Stop Loss - 2.089 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Long
by AnabelSignals
2
Natural gas is the downtrend resuming? Nat gas still fits all the criteria for a large downtrend. Lower highs & Lower lows are still in place on the weekly timeframe. This obviously swings probabilities in favour of lower price. However historically were still at some oversold levels. Just because this asset is oversold honest mean it can't go lower. Im watching the daily 50MA & 200MA closely...do we get the death cross formation to occur again? Usually this signal provides a near term bounce but medium term decline.
CAPITALCOM:NATURALGAS
by Trading-Capital
7
Natural Gas: Do or Die!We secured half of our profits yesterday, however I still think we have a very good chance of higher price. Nat gas needs to make a decision by getting above this key Covid trend line. We are observing another "death cross" formation developing. If price action keeps rejecting the daily 200MA we may go lower. Today inventories came out: consensus was 42B actual -6B This was a dramatic forecast miss & supports higher price / more demand. If Nat gas can get above this key covid trend line, we are well on our way to $3+
AMEX:UNG
by Trading-Capital
NATGAS Buyers In Panic! SELL! My dear subscribers, My technical analysis for NATGAS is below: The price is coiling around a solid key level -2.161 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 2.080 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 ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Short
by AnabelSignals
2
Natural Gas...bullish turnaround!Nat gas has carved out a nice potential base to move higher. We have seen a failed breakdown whcih usualkly indicates a bullish reversal. They say the biggest moves come from failed patterns an it certainly looks like a failed bearish trendline break. If this is the case, Nat gas has a nice 15-20% upside before things get really interesting. We may be witnessing a weekly inverse head & shouldrs pattern developing. Time will tell but we are long.
CAPITALCOM:NATURALGAS
by Trading-Capital