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NATURAL GAS

Monthly Structure on Natural Gas / Full analysisToday we will give our technical view on Natural Gas Main items we can see on the chart: a) We are working on a weekly timeframe because we are facing structures that come from 2000 until the present b) The main structures we have are 1- Monthly Support zone and 2-Monthly descending trendline. Those two levels are the edges of the current scenario. c) Based on past behavior, we can see that after the price reached the support zone and the descending trendline was broken. A significant Bullish movement came after that d) The idea to think now is: Are we going to see the same behavior? e) Our Main idea on this scenario is that the price will reach the Monthly descending trendline as the first Bullish Target f) If we think about taking positions on this asset, we will wait until we can see a clear corrective structure on the 4HS chart, and we will trade towards the monthly trendline ONLY if our Risk Reward Ratio is higher than 1.5
NYMEX:NG1!
by ThinkingAntsOk
1
Don't miss the great buy opportunity in NGASMidterm forecast: While the price is above the support 1.400, beginning of uptrend is expected. We make sure when the resistance at 2.250 breaks. If the support at 1.400 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI bounced from the support #1 at 30 and it prevented price from more losses. While the RSI downtrend #2 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 1.640 on 07/20/2020, so more gains to resistance(s) 1.900, 2.000, 2.100 and maximum to Major Resistance (2.250) 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 58. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.650 - 1.550). if so, traders can set orders based on Price Action and expect to reach short-term targets. Take Profits: TP1= 1.900 TP2= 2.000 TP3= 2.100 TP4= 2.250 TP5= 2.500 TP6= 2.700 TP7= 2.950 TP8= 3.650 TP9= Free
NLong
by ForecastCity
22
Don't miss the great buy opportunity in NGASMidterm forecast: While the price is above the support 1.400, beginning of uptrend is expected. We make sure when the resistance at 2.250 breaks. If the support at 1.400 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI bounced from the support #1 at 30 and it prevented price from more losses. While the RSI downtrend #2 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 1.640 on 07/20/2020, so more gains to resistance(s) 1.900, 2.000, 2.100 and maximum to Major Resistance (2.250) 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 58. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.650 - 1.550). if so, traders can set orders based on Price Action and expect to reach short-term targets. Take Profits: TP1= 1.900 TP2= 2.000 TP3= 2.100 TP4= 2.250 TP5= 2.500 TP6= 2.700 TP7= 2.950 TP8= 3.650 TP9= Free
NLong
by ForecastCity
24
Natural Gas (NATGASUSD): Update & Bearish Continuation as it been said in my earlier analysis for natgas, the market reached a key weekly supply zone. based on that the market violated a rising channel that it followed from the beginning of August. it looks like the sentiment is changing and bears are willing to push even lower. goals: 2.31 2.19 (on the chart is the short trade that I took yesterday during us opening, it is based on the retest of the support of the channel)
OANDA:NATGASUSDShort
by VasilyTrader
14
#NATGAS Analysis & Forecast - Looking BearishTraders, NATGAS is dealing with this high probability reversal zone with 200MA. If this zone is broken then the next zone is above else we are looking at a download move to the lower levels. If you found this idea useful, hit the like button and subscribe. If you have your own ideas to share on this market or have a question, comment below so that we can discuss. Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
NShort
by vikinsa
NATGAS up up and away 🦐The market has been on the lows for a long time and could never break the weekly support. After a break on the daily discending channel price has moved in a higher low higher high pattern and now testing the resistance structure. If the daily candle will manage to break and close above the structure we can set a nice long order according with our strategy. ––––– Follow the Shrimp 🦐 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 Plancton0618 strategy will trigger.
OANDA:NATGASUSDLong
by InkyGrip
4