Naturalgas NatGas looking for one more low & a quick bounceWaiting for one more low with a divergence in MACD and RSI both to get a quick bounce.. Happy and Safe trading.
NATURAL GAS
Trading the Range on NatGas by ThinkingAntsOkMain items we can see on the 4hs chart:
a) The price is inside a Huge 4HS range
b) Both sides have been tested multiple times
c) Currently, we can see a corrective Structure in the middle of the range after bouncing from the lower zone
d) If the Corrective Structure is broken with a bullish movement, we expect a continuation of it towards the Resistance zone
e) TRADING OPPORTUNITIES: Wait for the Breakout and look for 1h corrections
NATURAL GAS --> WATCH FOR TRIANGLE BREAK OUTWacht for triangle break out up or down -> targets clear
There is a trading opportunity to buy in NATGASMidterm forecast:
. While the price is above the support 1.550, beginning of uptrend is expected.
. We make sure when the resistance at 2.250 breaks.
. If the support at 1.550 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
. While the RSI downtrend #1 is not broken, bearish wave in price would continue.
. A peak is formed in daily chart at 2.024 on 05/20/2020, so more losses to support(s) 1.800, 1.700 and minimum to Major Support (1.550) is expected.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. Relative strength index (RSI) is 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.800 to 1.700). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.800)
Ending of entry zone (1.700)
Take Profits:
TP1= 1.900
TP2= 2.000
TP3= 2.100
TP4= 2.250
TP5= 2.500
TP6= 2.700
TP7= 2.950
TP8= 3.350
TP9= 3.700
TP10= Free
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There is a trading opportunity to buy in NATGASMidterm forecast:
. While the price is above the support 1.550, beginning of uptrend is expected.
. We make sure when the resistance at 2.250 breaks.
. If the support at 1.550 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
. While the RSI downtrend #1 is not broken, bearish wave in price would continue.
. A peak is formed in daily chart at 2.024 on 05/20/2020, so more losses to support(s) 1.800, 1.700 and minimum to Major Support (1.550) is expected.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. Relative strength index (RSI) is 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.800 to 1.700). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.800)
Ending of entry zone (1.700)
Take Profits:
TP1= 1.900
TP2= 2.000
TP3= 2.100
TP4= 2.250
TP5= 2.500
TP6= 2.700
TP7= 2.950
TP8= 3.350
TP9= 3.700
TP10= Free
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NATURAL GAS EXTREMELY BULLISHNATGAS is setting the stage for a potential double bottom. Price is currently resting at previous low, and has also tapped a multi year trendline.
Our Trading Plan on NATGAS by ThinkingAntsOkMain items we can see on the chart:
a) The price is on a well-tested support zone
b) The price has broken the descending trendline
c) We want to see a clear impulse outside the previous descending trendline + a 10-12 days correction
d) The reason we have decided that filter is because we observed similar behavior on the Weekly Chart in previous situations
WEEKLY CHART:
NATGASUSD BUYHello Traders 👋If you find this analysis useful, please support me with your likes and comments.
If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
Nat Gas is entering the bottom of the channel in which I beli...Nat Gas is entering the bottom of the channel in which I believe it will trade in in the next 14 days... 1.8 to 2.06
natural gas buy the dip - dogalgaz dipten alimnatural gas might be in a dip and good opportunity to buy, it will be a long run and we can look at adding up everytime it goes down
dogalgaz dipte olabilir ve guzel bir alim pozisyonu icin firsat vermis olabilir. Bu, uzun soluklu bir trade olacak ve her dususte ekleyerek pozisyon artirilarak gidilmesi lazim.
Not a financial advice, yatirim tavsiyesi degildir...
Natural Gas Likely Trading range for the next 14 daysThere is a high probability that Nat Gas will trade in this range over the next two weeks. What are your thoughts??
Weekly Analysis on NATGAS by ThinkingAntsOkMain items we can see on the chart:
a) The price is on a major Support zone
b) The price is on the process of breaking the descending trendline
c) If that happens (Weekly candlestick closing above the descending trendline) That will be our first filter to know that a possible bullish movement is coming
d) After that we will wait for a similar correction like the previous ones we saw on the two past bearish trends
e) If that happens, we will develop long setups.
natural gaslooking for buy entry on natgasusd for long term, however we expecting one last drop as shown on chart...
do not miss this the bottom !
pls be advised everything on this page is my point of view and its not advise to buy or sell, use it it for education purpose only,
Plane your trade and trade you plan only, pls comment bellow tell me if you see this ideas is helpful?? and how im i doing? & give this chart A thumps up, to help other see it
Regards,
Ali Dib,
The Chart Trader
NATGASUSD is close to Buy Zone!I see a short term trade near the Support/Resistance Zone.
If the price will cross the zone we can open buy position to the next level.
Potential profit will be 3 times bigger than the risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!
NATGAS lots of bearish sentiment but watch for the hot summer buNATGAS just keeps getting hit with more bearish news - storage and weather, with nothing supporting a bullish rally. That said, possible large upside once news of extended hot temps hit, and the concern over storage filling is passed. Storage filling up aside, downside may be limited just by the actual physical price going into a potentially very hot summer.
Will Natural Gas See Negative Rates? | NATURAL GAS ($NATURALGAS)✨ Drop a comment asking for an update, we do NEW setups every day! ✨
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Natural gas demand hasn't fallen as much as oil, but a 2% decrease in demand (compared to oil's 6%), and already dwindling storage issues due to production not being curved enough and a warmer than normal winter, could have natural gas suffering the same fate as oil. That fate being temporary negative prices, due to a lack of storage, due to decreased demand, at least partially from COVID. With all of that in mind, even if this doesn't come to pass, the fear of it could drive prices lower. We don't want to short the bottom, but as we learned from oil, there is a scenario in which there is no bottom when it comes to expiring futures and a lack of storage. Still, the idea for today isn't a trade, it is mapping out some long term levels to keep in mind for whichever way price does move.
Resource: oilprice.com + www.naturalgasintel.com
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Fractal Trend is showing a downtrend (Maroon bar color) on the 3 day timeframe. This represents the longterm downtrend in natural gas.
Typically in a downtrend we are looking for short positions. With that said, natural gas's historic volatility could certainly produce some nice long setups on smaller timeframes if one of the support levels noted on the chart holds.
To the downside S1 - S4 represent supports of last resort for nat gas bulls. IF these levels are breached, we could be looking at negative rates for natural gas. Meanwhile, if demand picks up and storage becomes less of an issue, or if prices move up for any reason, then R1 - R3 present logical spots to look for reactions. Any volatile move from natural gas would be nice to capture, so we'll be keeping a close eye on all these levels, and specifically will have our interest piqued if S4 can't hold and we run into more supply/demand issues for natural gas itself.
NATURAL GAS FUTURES (NG1!) Monthly, Weekly, DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
US NatGas Greatest decline FridayUS Natural Gas posted a great decline on Friday at the close of the markets. I am highlighting it because it is the greatest decline among the commodities I am watching. The fall was about 3%.
With demand down for energy, I foresee further fall in prices next week. This is a good time to short.
