Hello traders, Today we will do an analysis for NATGAS. This commodity is in a big downtrend on the daily and weekly timeframe that started in August 2022. For now the higher probability move is a bigger correction in this area. On the 4h timeframe we expect the price to move to the upside and break the previous local high that it made on the 3rd of March. Once...
Let’s try a BUY - guess the bottom‘s in?! After all, the ultra-longterm downtrend was broken…
Natural gas (XNGUSD) is currently trading near key support and resistance levels. The near-term support and resistance levels are important to watch, as they can provide insight into the direction of the commodity’s price. 15M Chart:
Bull divergences on HTFs appearing now, simple trendline to follow. Target: 4,6$, 4,9$
Following the substantial decline in price today, it is expected that we may see a retracement. This is a common occurrence after a large price movement and is often an opportunity for traders to enter the market or adjust their existing positions. It is important to carefully analyze the price action and consider multiple factors, such as market trends,...
I have made three trade plans on the basis of current price indicators.
PEPPERSTONE:NATGAS Hi! I've been trading in last 2 months very actively NATGAS. I have noticed there is very powerful level which we just crossed again. If 4h candle stay above then according to historical data we should have strong move up. Apart of this we have news about cold weather hitting Europe. So let's see. I'm long from friday and SL way above in...
The commodity shows appreciation for the bullish divergence, and seems to have bottomed its 15-day long bearish rally. A recent formation of higher low indicates the trend might just go bullish
Natural gas show somewhat gartley harmonics pattern, indicating a subsequent bull-run. Buyers should wait for rejection of a subsequent bearish ABCD pattern before going long.
Natural gas show a strong compliance to the bullish channel. By taking Fibonacci Retracement support & resistance, the current price point shows strong buy appeal. Moreover, strong bullish candlestick patterns and formation of higher low can be considered.
Natural Gas has seen a sharp fall within past few weeks from 9.051 to 5.480 within 7 to eight weeks only. This is more than 35% fall. Now it has reached near the major support zone where there was high demand during the July month, we can buy Natural Gas now and aim for 6.508 price level
HTF have been bullish for a while. Price is pulled back into retracement levels on H1 now we wait for confirmation signals to take up more positions.
Another corrective move for a commodity. Look for a retest of that blue zone with an R of 3. Buy stop@ 5.674
Another potential bounce zone here. Looking for convincing rejection on the lower TF and will take it up to the blue zone. Potential 2.85 R!
I put in a Buy Order at 6.9 as I just read that Russia is going to turn OFF the gas deliveries to Poland starting Wed Morning. I am expecting NG to go up with NG in Europe as Poland will have to get it's supplies from other countries - like the U.S. maybe? We shall see but maybe I can make some money back on what I lost last month :-) Stay safe!! Heiko
Expecting bullish price action on this pair but simply on a fundamental reason, price tapped on 7.0$ institional figure taking out some retail stops below this price area and for now we are going for the ATH - ALL TIME HIGH. What do you think ? Comment below..
📉 I CLOSED ALL TRADES IN PROFIT ON USGAS, we are still bullish on this asset from a fundamental/tehnical analysis context. My last target for this asset is 6.0,i think we will go there but not before price makes a retracement back into 5.0 institutional figure H4 Imbalance + bullish orderblock area. What do you think ? Do you agree on my analysis ?