Is this year any different?5 years running July has seen a downtrend. Is this year any different or is it even worse than average?
NATURAL GAS
Natural gas - LongBuyers are coming above 1.72 USD . Risky buyers can buy now with the SL of 1.5 USD.
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Natural gas succumbs to long-term trend.
Inside the Range on NATGAS by ThinkingAntsOkMain items we can see on the chart:
a) The price is inside a clear range, between a support and a resistance zone
b) Inside the range, we can see a broken descending trendline after the price bounced on the support zone
c) After the breakout, we can see a corrective Structure
d) If the Corrective Structure is broken we expect a continuation of the bullish movement, towards the next resistance zone
NATGAS Fundamentals To BullishAfter that last dump the other week, NATGAS is showing signs of increased bullishness, with drops bought back up quickly, but the future issues of storage keeping a lid on rallies. Looking ahead, November contracts are still comfortably above $2 (~$2.30) though the issues to watch is the shoulder season after summer. For the moment, staying long, however as we pull out of the August contract, will be keeping eye on Sept and Oct contracts very closely, and there is potential for same situation like Oil the other month, of a very large drop. Though this would recover in Winter, the risk to the downside is large over those months. Better to keep money aside, and buy into large dips, and potential for large profits holding into the Winter months, especially if demand returns, production stays depressed, and power burns remain high- easy bullish case.
Natural Gas.... How much steam left....Current Price 1.904
Stochastic Observations :
Daily Overbought...
Weekly Oversold...
Monthly also oversold ( but not showing any bias of buying activity)
My observation:
1.937 to 1.970 will act as resistance.....
1.880 / 1.835 as support zone...
Happy Trading
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Natural Gas loses bullish momentumFirstly, please support our work by clicking like button or following! These really assist us to reach more investors & traders like you!
There is a divergence on the RSI which is likely to tame the strength of the bullish momentum. Prices are set to correct and try to retest the support before continuing in the bullish direction. Bulls will be worried once prices break below the $1.85 region.
Natural Gas (NATGASUSD): Catching a Pullback
Natural gas is approaching a rising trend line on a daily.
on 1H the price has formed a double top with a lower high breaking and closing below 1.62 minor support.
now the price may go lower.
target levels:
1.576
1.550
The long term outlook holds - The breakoutOne week after our initial analysis NG is already recovering! If you went long last week move your SL to cost, unless NG goes above 2 and holds, we remain in the bearish channel and could test the low one more time. Long term outlook remains very bullish.
#NATURALGAS Bearish ScenarioTraders, #NATURALGAS Bearish Scenario is where we have the trend line meeting. Monthly bearish, weekly bullish so far, daily bearish, 4H: this pattern
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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.
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NATGAS LONGGood day all.
This is my fist chart posted on this site. Still learning so do not use this as trading signals.
I believe we are at all time low with NATGAS. 1994 was the last time we touched these levels. That does not mean it can go down even further. Just look at what happen to OIL.
But I believe we will bounce back now and good opportunity for a long. About 210 pips to the next major resistance.
Please share your ideas with me, and give criticism on my chart. I will value your feedback.
Thanks
NG final leg for 5 yearsNG is about to take the final leg down to complete cycle 3 down wave. Three Drivers pattern should be complete with that leg and the next up move will push for the breakout of the 11-years channel.
Natural Gas : Buy on the Bottom of the StructureAfter Complete Double Top Patteern W can See Upside Movement.
ThankYou
Natural gas regular divergence, Short order
Regular divergence
Overbought
R1 Pivot
Short order at R1
One more low expected b4 a quick reversal in NaturalGas NatgasOne more low expected b4 a quick reversal in NaturalGas Natgas ,waiting for divergence for a buying entry...happy and safe trading..!!!
erikdobra | NATGAS SPACE-X- OF MUSK | Natural gas has had a drop above 500 pips from the top of the price at 2,000 this and because we have had a big drop in its interest in buying because of coronavirus, investors are demanding to have a stability above the price of 1,500 where can reduce the rate of production and increase demand while this would work quite well and in raising the price in the previous situation
NATGASUSDbeen watching this again and this looks to be making a deeper correction here we can see the pattern that's forming now can this be the last push to the downside ? lets see how we play out looks good more than happy taking trades like this
NATGASUSD - building upI'll invest part of budget in NATGAS in this year.
Let's see how low it will come again, below/around 1.60 I'll start adding bigger chunks, aiming for 2.00 - 2.10 for starters and looking for new entries if it will break above and pullback.
Monthly chart:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
