Like a balloon, NatGas is floating further and further upwards from the support at $3.536. Although every now and then, there may be some gusts of wind temporarily disrupting the upwards surge, we expect that NatGas’s general tendency is to rise higher. However, as it is usually the case with balloons, they can lose air or burst. Accordingly, there is still a 45%...
NatGas seems to have ants in its pants, seeing that it has been fidgeting above the orange zone between $3.982 and $4.464 during the last weeks. As it has botched its first attempt to move upwards after finishing wave 2 in green, we expect NatGas to try for a second time. It should then rise into the green zone between $5.856 and $6.214 to complete wave 3 in...
After Bidens announcement I put in a Stop Buy Order at 4.6 to see if price action would come up once 9:30am hit - Sure enough it took less than 15 minutes. This of course is all due to Biden, who later today is said to ban Russian imports and/or the purchase of Oil and NG from Russia. This could put a supply issue into the world which will push the price of both...
Natural Gas - Weekly Bottom Line : "Big-picture" Bullish. Repeating : The higher probability view is to label the Primary wave ((C)) decline as an ending diagonal to complete Cycle y . Ending diagonals are terminal structures. They are typically followed by swift reversals that retrace the entire length of the pattern. There’s not enough historical price...
📉 Expecting bullish price action on NATURAL GAS as we have fundamental reasons behind a strong bullish move the war between Ukraine-Russia + sanctions that will affect the supply/demand of this asset, another fundamental reason why price will go higher way above 5.0 is because we have a BULLISH MARKET SEASONALITY till July. From a technical perspective...
📉 Expecting bullish price action on this asset as the price of natural gas should rise from a seasonality point of view, we have a bullish market strucutre on H4/D1 timeframe as price keeps making higher highs and lower highs during the move, i will switch my bullish bias only if price will close bearish below the 4.0 area which is a important institutional...
The itsy bitsy spider climbed up the waterspout. Down came the rain And washed the spider out. Out came the sun And dried up all the rain And the itsy bitsy spider climbed up the spout again. Everybody knows this nursery rhyme, but for us, the lyrics go like this: Itsy bitsy NatGas climbed up to the green span Down came the rain And with it NatGas ran. Out came...
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...
As per the chart, the plan is to trade the wedge with a long term support edge. There are some volume profile gaps we have to hop, with little wind, but we must stick to the plan. NATGAS could sail past them. It is encouraging to see a break through the 50. Lets see if it can get to the TP area, calmly. Good luck all.
Trend on daily timeframe: Bearish BUT the downward movement has lost momentum, appears to have found a bottom, so it is likeky it have a retracement to the 55 Daily EMA MACD and SQZ Momentum BUY Signals.
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.
And with the winter, the price of natural gas is increasing, too! This means that the course is going to leave the support at $3.396 farther behind. What lays in front are surges past the resistance at $4.825 all the way up to $6.466. Can you feel the heat?
It is not rocket science. The winter is coming and we like it hot. Therefore, the NatGas price will increase once again and push to highs around $8, given the course remains above $4.825. Have hot weekend!
GAS 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...
Trend 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...
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.
Midterm 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...
general upward trend Rising volume supports higher prices RSI also supports higher prices