NatGas: Take out your gloves!NatGas is slowly leaving the warm realms of the south behind, aiming for the resistance line at $4.825. Once there, we expect it to rise even further north.
However, we also see a 42% chance that the price could decide to soak in some more warmth and go below the support line at $3.396.
Natgaslong
Gas Long SetupGAS Long Setup
🔵 Entry Level: $5.673
🟢 Take Profit: $6.094
⛔ Stop Loss: $5.441
Reasons:
- So far the price is respecting the ascending channel;
- I believe the price may bounce off the lower trendline in the area between $5.535 and $5.670.
Game Plan: If the price goes through the lower trendline (yellow), which at the moment acts as a support level, then I will be looking to open a short position on a retracement unless the 2nd trendline (white) acts as another support level.
NATGAS LongTrend Analysis - Clear Upward trend in energy market and this one is no different, showing fibbonacci retracement levels. On a path to 6+
Technical indicators - Mixture of bullish and bearish news, many sources cite energy crises' but this is offset by Russia. However, Russia are being tentative about their involvement, saying that Europe need to mend their ties before they "solve" the crisis. History is telling me that Russia doesn't have Europes best interests at heart, so I think this'll be an interesting few months especially in the run up to Winter.
www.ft.com
Using an energy crisis as a threat? Really Russia? who is suprised..
www.ft.com
www.ft.com
ICEEUR:GWM1!
Natural GAS More pump ahead ?As we can we had broken the resistance and made it a resistance now also made a Cup n handle formation that will surely Pump the price more if played well.
💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast:
4.160 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 4.160 is broken.
Technical analysis:
A trough is formed in daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 5.000 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 75.
Take Profits:
TP1= @ 2.600
TP2= @ 2.750
TP3= @ 2.900
TP4= @ 3.000
TP5= @ 3.150
TP6= @ 3.650
TP7= @ 4.160
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Logical analysis of the price of natural gasgeneral upward trend
Rising volume supports higher prices
RSI also supports higher prices
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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Friday: NGAS - Week 28Hello Traders! Check Related Idea for market context!! Looks like the structure will break the low, and then we can look for bullish clues to buy.
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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SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
Tuesday: Natural Gas - Week 28Hello Traders! Check Related Idea for market context!!
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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SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
NatGas: What Goes Around Comes Around Although the NatGas price sharply dropped, we expect it to further rise until we are closer to $3.316. From there, we expect a longer corrective movement to dominate until around $2.187. After that, we should experience rising prices again that lead us over $3.800.
Stay trading!
Will the Nat gas Cracking the Resistances ?For the year 2020, it has a bad trade for Nat Gas lately. But, the 2021 witness the Nat gas trade are moving sideways..
In the past month of April'21, a 20% recovery from April lows. this in a good n for Nat gas.
I expecting that the trade will grow in this coming weeks, perhaps the trade will cracking the resistance. A stop loss placed at price $ 2.85
This is not an investment advice, and do your own research.
Good luck with your trading.
Gas Long SetupGas Long Setup
🔵 Entry: $2.740
🟢 TP & RR: $2.890 (2.14)
⛔ Stop Loss: $2.670
Trade Reasons:
✔️ Oversold Level Market Flow
✔️ Diagonal Trend Line Support
Gas Long SetupGas Long Setup (refer to the setup marked with "2")
🔵 Entry: $2.704
🟢 TP & RR: $2.898 (3.4)
⛔ Stop Loss: $2.647
Trade Reasons:
✔️ Support level
✔️ Close to the 0.618 Fib retracement
✔️ Diagonal trend line within ascending channel
📝 A few things to note here:
1. Seeing how price action develops, you may close the trade setup suggested yesterday (marked as 1). You should end up with a tiny profit or break even (depending on the comission you pay). The current candle formation does not look promising for a long setup. Alternatively, trial the SL up as soon as/if price starts moving up.
2. I personally avoid having open positions near my entry level before the weekend, especially if that weekend happens to be the end of the month. So for me, this is a disproportionate risk.
3. Setup marked as "2" is the order I will be looking to open if price retraces to that level. The Stop Loss is not ideal, as I think it should be slighly under the 0.618 level, but I leave this up to you. Your RRR will decrease in proporiton to the distance to your SL.
Gas Long SetupGas Long Setup
🔵 Entry: $2.81
🟢 TP & RR: $3.04 (1.71)
⛔ Stop Loss: $2.67
Trade Reasons:
✔️ Reaching lower trend line
✔️ Reaching support level
✔️ Market Flow indicator printing small divergences in the oversold area
📝 Not a great RRR, but the SL is positioned at a very safe level below the diagonal trendline and the recent lowest low. If price bounces off that level I will be quick to trial the SL so that I minimize exposure and lock in some profits.
GAS Fibonacci Retracement - Long TradeGas Fib Retracement - Long Order
Entry: $2.407
TP & RR: $2.549 (3.38)
Stop Loss: $2.365
REASONS FOR THE TRADE
So far Gas has respected the Fibonacci levels twice, leading me to believe that we may see a bounce from the 0.236 level and a potential reversal. We also have a descending trendline, which I am not sure how well will be respected, but it's worth keeping in mind. The Stop Loss is set at a reasonable distance from the Fib level and the target is at the 0.5 level. Although, if a reversal follows from 0.238, we may keep at least part of our position for higher levels.
Gas Climbing Up - Long OrderGas Climbing Up - Long Position
Entry: $2.715
TP & RR: $2.877 (3)
Stop Loss: $2.661
REASONS FOR THE TRADE
So far price action has formed a diagonal trend line, so I believe if it respects that level the price should bounce up and head towards a double top. There's also the possibility that we don't get filled and the price starts trending up without us, which is fine. We want to put the SL at a level that makes sense and the only one such is just too far, giving us a pretty bad Risk:Reward Ratio.
GAS Testing Support Level - Long OrderGAS Testing Support Level - Long Position
Entry: $2.566
TP & RR: $2.673 (2.49)
Stop Loss: $2.523
REASONS FOR THE TRADE
This looks a lot like the infamous " market maker method ", so I am expecting the price to continue trending down even below my entry zone. The logical question is then why are we opening a long trade? Well, if this support holds and I believe it will, even for a short bounce, then the RR is pretty decent if the price reaches the upper trendline. We can then open a short order with a SL just above it.
My SL here is very tight and I do warn you that you may get stopped, so adjust it accordingly. I will use slightly less than my traditional trading size, thus limiting my loss, and be able to re-enter again if the setup turns out to be valid.
ridethepig | NatGas Finding a Floor📍 Natural Gas
The proud floor - such is the name sometimes given to support - is a useful weapon in the hand of buyers. And yet for a time, I toyed with the idea - a seasonality one, I must admit. We cannot simply dismiss the deep examination; namely the elements and the strategies involved in trapping our opponent. For example, the fake breakdown and slingshot restraint.
I have decided that the advantage is with buyers and can be seen in the elements:
Buyers are coming in and preventing the loss of 2.5 and slowing down the said decline. The reason is clear, demand is ticking up and cancelling out the artificial dollar devaluation. We will use the fake breakdown as our invalidation level, as long as we are ticking above 2.38x we can continue to work longs.
It is scarcely possible to set down on paper all the various maps in which the end game of a cycle can be unpleasant. But I will try to mention briefly all of the most important ones. A round of chart updates will continue over the coming sessions and days.
Thanks as usual for keeping the feedback coming 👍 or 👎