Natural Gas Big Inverse Head and Shoulders Pattern playing outI have spotted this pattern a bit too late, but now we are few weeks after its activation and target is only half way through. I am expecting this to hit the target before we start thinking about possible top.
What do you think? It looks like a textbook execution, I would be surprised if we fail. Now we also have broken the trendline of the previous two highs and we have printed 2 very bullish looking candles on the weekly to support this going further up, maybe even without many corrections.
On the shorter timeframe I see a cup and handle to support the move higher as well. I am very bullish on this based on these factors. Please share your view.
Natgas
Crude Oil setup to rally to new highs - $USOIL $CL $CL_1 $XOMAside from Crypto, I've had the most success in the last decade trading crude based on a combination of technical analysis (classical charting) and trading the news (economic indicators, such as OPEC releases).
Between March - June 2021, Crude oil prices formed a cup and handle that concluded with price reachings its target just above $75. Price then corrected, forming a triangle that turned into a bear trap as sellers sold the breakdown before price rallied back into the consolidation.
From failed moves come fast moves.
Over the last 6 weeks, price has formed an inverted H&S. Having occured after a downside break and failure, this is an immediate buy signal with fast upside price implications. Oil is a fun and scary market to trade because of the volatility and liquidity combined with leverage opportunities.
Be safe,
j
NATGAS $5-6?If NATGAS can hold the current price range we could finally see a price of $5 to $6, sending KOLD to new all time lows. Will be watching closely the next few weeks.
Target hit, from 1.5 to 4.5!!I posted several calls from June 2020. NG is super bullish and will breakout from the multi year channel soon to target ~8$
Now we go down in a large correction and sideways movement until November. Bears are coming.. temporarily.
Technical analysis update: USOIL (26th August 2021)West Texas Intermediate oil continues to march higher. Yesterday it traded as high as 68.51 USD. RSI continues to rise since 20th August 2021. Although, yesterday it started to flatten little bit. MACD's averages crossed and point to the bullish direction now. However, we need to note that MACD is still in the bearish zone. Stochastic is bullish. We will observe price of USOIL in the following days for any weakness. Current level of the most importance is 65 USD and 70 USD. In our opinion if USOIL manages to hold above 65 USD pricetag then price will continue its rise. We are currently bullish.
Recent thoughts from 24th August 2021:
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
NATURAL GAS – Week 34 – $3.70 next?In our last forecast, our target almost got hit as we anticipated the price to pullback and test the trendline.
In the coming week, we expect a small consolidation to occur that will test the resistance level before falling towards the support area that we highlighted.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
NatGas: Wait, Wait, Go! 🥵🥵🥵There is still some room left on the bottom side of the NatGas chart. The turnaround should come around $3.521. After that, massive increases in the price should follow, given that the price does not fall below $3.13 before.
Heat now, cry later!
Natural GasNatural gas has completed the retracement in Thursday and return back to the bearish trend.
NATURAL GAS Will Keep Growing! Buy!
Hello,Traders!
NATGAS is trading in a rising opening wedge
And the price has just retested a support cluster
And bounced off it showing good bullish reaction
I think that we will see the pair trading up in the wedge
With the target being the previous high
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
$KOLD Target 33.99 for 52.28%$KOLD Target 33.99 for 52.28%
If you know anything about Natty and my setups with natty you KNOW this will happen… kind of like this… perhaps with a little adjustment.
I did add some yesterday but was unable to update... sorry y'all...
I really kind of miss UGAZ / DGAZ right now…
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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
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.
NATURAL GAS – Week 33 – Correction to continue.In our last forecast, we rightly anticipated the price to break the first trendline and consolidate underneath.
In the coming week, we expect a small consolidation to occur that will break the support level and push the pair towards the second trendline.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
✅NATURAL GAS BULLISH BIAS|LONG🚀
✅NATGAS is retesting the horizontal support
Which is a daily support level
And I think that we will see a rebound
Because the support is strong enough
LONG🚀
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Which path will Natgas choose...I'm more on the bearish side with that Friday daily close candle but with the way the market is going its difficult to get a short position. Let me know your thoughts.
A few other notes: Weekly bearish engulfing and the RSI is over bought.
$KOLD LET’S GO $KOLD LET’S GO
I mean it this time. Nat Gas can't hold over 4 for that long? 😬 right?
NG ShortNG is rallying since longtime despite all bearish fundamentals. It's over priced and cannot be played longer. This is my personal view.
Good luck for all.
NATGAS Can Fall From The Zone, Pattern CompletedTraders, NATGAS is inside another FCP zone where we have higher time frame FCP (Fibonacci Confluence Pattern) W pattern completed. This means that there are good chances of it taking a correction. The market has been very bullish and it may take a correction as few of these factors are lining up.
Follow the arrows for directions and lines and zones for support/resistance and targets.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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-Vik
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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KOLD Should get Interesting in Septembr/OctoberNat-gas prices should get interesting in a few months. Do we get another giant price wave or do we finally see Nat-gas push through to a high price and stabilize for once?
NG ShortNG has formed a harmonic pattern in 1H TF.
The consumption is low.
Supply is normal and no deficit.
EIA inventory forecast is 19B, in low consumption, it's a very high forecast.
Enjoy!
Cheers
Logical analysis of the price of natural gasgeneral upward trend
Rising volume supports higher prices
RSI also supports higher prices
Natural Gas interesting parabolic uptrend and price discountThe price of NatGas has dropped on forecasts of cooler weather. That's great, that's for the short term.
In the long term it could continue up, so I take advantage of the short term price drop to get an entry at a discount, and a great risk to reward.
The weather is even predicted to get much hoter in 2 weeks.
I see:
- A parabolic trend
- A pullback
- A catalyst for the pullback that is completely reversed and more in a few days
- Lower production in Europe and lower exports from Russia, which may get worse in August and September
- High demand in Brazil and empty stores in Europe after a long winter
I buy.
I checked all areas where people live (every 1000 km of inhabited area, deserts don't count)
www.timeanddate.com
www.timeanddate.com
www.timeanddate.com
www.timeanddate.com
www.timeanddate.com
www.timeanddate.com
www.timeanddate.com
www.timeanddate.com
That was for the north hemisphere
And hey guess what the world is not ending, the cold front in Brazil is not staying, temperatures in Rio are going up too:
www.timeanddate.com
Resistance will be this famous 6 years high, the "I got rekt" optionsellers/James Cordier high that caused him to publish a video of him crying.
For the new traders you missed something and I would recommend watching the video of him crying (and tell his client "welp I lost all your money but thanks for the sauce).
The catalysts for going up are here. Res is far. Taking a risk at a discount I'd be crazy not to. Maximum fin opportunity.
(The high is an area, not just a point, I'd target 4.5 to 5$ by mid August and 6-6.5 by mid september).
That's all folks, just wanted to mention Natural Gas, do your DD if you think this is interesting.
NATGAS Gartley HarmonicNATGAS, has produced a Gartley pattern after testing resistance, could be a good time to short it down if price action agrees. Targets towards $3 could produce risk reward ratios of 1:3.
Elliott Wave Analysis: NATURAL GAS Is At The Resistance ZoneHello traders and investors!
Today we will talk about natural gas, its price action from technical point of view and wave structure from Elliott Wave perspective.
As you can see, natural gas is in the downtrend and we are tracking a big weekly A-B-C decline, where wave C is in progress since 2008 and it looks like a big ending diagonal (wedge) pattern.
Ending diagonals a.k.a wedge patterns consist of five waves, labeled 1-2-3-4-5, where each wave subdivides into three legs. Waves 1 and 4 overlaps in price, while wave 3 can not be the shortest amongst waves 1, 3, and 5.
Well, current recovery on natural gas looks slow, choppy and overlapped, so we believe that it belongs to a wave (4), which can stop here in the 4.x area and at the strong weekly upper ending diagonal line.
So, in case if natural gas starts sharply and impulsively falling, then be aware of a bearish continuation within the final wave (5) that can send the price back to lows and 1.0 area before it finds the bottom.
All the best and have a nice weekend!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Friday: Natural Gas - Week 29Hello Traders! Check Related Idea for market context - it's going exactly as we identified, the pattern in NGAS is clear and it's been moving beautifully and very lucrative!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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