NATURAL GAS – Week 6 – In bullish territory.As we predicted in our previous two analysis, Natural Gas rose in the past week reaching our $3 target before the price started to pullback. This move will only help the pair gather more bullish momentum for the near future. Our bias for this week will stand towards a price increase, but only after a small consolidation structure which we expect to finish in-between the $2.6-$2.7 area.
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
NATGAS - is this the scenario?NGAS was not able to break and hold above 3 dollars, it tested 3 times, and failed. We might be looking at a possible completed 3-wave structure - which means the next move could go down and test previous lows.
Note to self: NGAS is quite fun to trade, analyze and set up possible IF-then scenarios since it's moving very sharply and a lot, this creates lots of trade-opportunities.
NATGAS will break the range? 🦐NATGAS after breaking above the weekly resistance is moving between 2 structures.
According to Plancton's strategy, if the price will break above, we can set a nice long order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NGAS - 4H Possible ScenarioPrice-action made a clean pattern on elevated volume, it has also been moving very sharply indicating lots of buyers stepped in.
NGAS - Daily Possible ScenarioI'm looking for this scenario to be the highest probable move at this moment. The patterns are starting to form and come together, even though they are a bit complicated. But price-action bouncing off previous structure key level + making bullish patterns on elevated volume.
NATGAS in a bull cycleTwo tp's are obvious, one for +30% and other for +55%. I believe the first one will be struck in a couple of weeks, while the second one should happen in the first half of this year.
Continuation of investment, NG cycle move.We went from 1.5$ which was called during the end of June to 3$, this move is far from over and I expect continuation to 4.4 by 2022 and maybe higher.
NATURAL GAS – Week 5 – Uptrend to resume?In the previous week, Natural Gas broke the trendline and at the moment it’s consolidating above it, with the bulls not giving up that easy. This will get a bit messy if we don’t gather some momentum for a price increase, as it may unfold into a complex corrective pattern. The market opened with a gap up and the chances that we can go and test the 3$ level are increasing.
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.
Trade update: Still in the fightAfter getting knocked out earlier in the month, the most recent range reversal trade has worked out well. I am going to stick with the short position for now as long as the rate of change stays negative and we remain under the 132 bar (or 22 day) moving average. I am still looking for price to hit range lows near 2.238
NGAS - Update 4HHighest probable move for the day as I currently see it. For now, the volume is low, and MACD trending slightly down which indicates that there's no momentum yet for that up-move. But this also indicates that market participants are building up their positions. London Open is just around the corner, which might be the catalyst for an up-move.
NGAS - Update IF-THEN Scenarios that I'm looking at right now, these directions are purely based on possible historical market patterns that tend to repeat themselves.
I will continuously update my view as the market develops.
NATGASUSD - Week 5Trade with care.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. We do not recommend making hurried trading decisions. You should always understand the risk that trading implies and that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
New Moves in Natural Gase (UNG)?We have a new higher low in place and its sitting right at overhead resistance! This could be the start of a breakout (even if its a small one).
NATGASUSD - Week 4Trade with care.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. We do not recommend making hurried trading decisions. You should always understand the risk that trading implies and that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
NATURAL GAS Potential Bullish SharkTIME FRAME: H4
HARMONIC READINGS: POTENTIAL BULLISH SHARK 88.6 RET.
INDICATORS:
CS ATR FIBO CHANNELS 3.618 CHANNEL TEST
CYCLE SNIPER H4 PRICE OUT OF DEVIATION CHANNEL
ENTRY CONFIRMATION: M15 / M30 CYCLE SNIPER BUY SIGNAL
NOTE: WEATHER FORECASTS WARMER THAN EXPECTED. ( BEARISH FOR NGAS PRICES )
GOOD LUCK!
NATURAL GAS – Week 3 – $3 next target?In the previous week, Natural Gas didn’t disappoint and moved as speculated, with the price almost reaching out to our $2.90 target. At the moment, we are consolidating above the ascending channel and we expect the momentum to push the price towards the $3 barrier in the next weeks.
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.
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.
Round 2 I was wrong about natural gas last week but I am taking another shot here with a stop above 2.900. Maybe this time it will reverse.
SMA-EMA50&200 Play NATGASUSD 30MHello traders, I just completed a trade on NATGAS using SMA_EMA50&200. We can see that the price consolidated above the 200 day average for quite some time, meanwhile the 50 day average and SMA crossed each other earlier. When the price breaks out the consolidation area, it trades between the 50 day average and SMA line, our entry point was on the SMA line which was below. We waited and as the lines got narrow another breakout would occur. We can see that the price broke out from the lines and respected the lines, then we had a clean upward momentum. The reason I like those kind of plays is because I have the ability to have a tight entry point and a tight, identifiable stop loss, and of course more room for profits. the holding period was 3 hours and 40 minutes whereas R= 2.71:1. a really decent trade
NATGAS SELL TP_2.261_15.32%_0.409pips_SL_2.751_3.41%_0.091pipsNATGAS SELL TP_2.261_15.32%_0.409pips_SL_2.751_3.41%_0.091pips
Gas Upper Trendline - Short PositionGas Upper Trendline - Short Trade
Entry: $2.845
TP & RR: $2.693 (2.08)
Stop Loss: $2.918
REASONS FOR THE TRADE
After the breakout from the descending channel, we see the price sliding up an inclined trend line. However, the price is now reaching major resistance and I believe there will be a small pullback before potential continuation to the 1.618 Fib Level. The Market Flow indicator is also starting to revert, indicating weakness.
The entry is somewhat conservative since we give the price some more room to continue up before we enter the trade. Opening a position against the trend is rarely a smart idea. The Stop Loss is well above the trendline, which doesn't give us a great RR, but at least we will have more time to assess the price action and potentially close the position if things are not looking too good.
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.
