NATURAL GAS
Natural gas channel - buy opportunityA nice and clean channel on natural gas. Of course we need to await opening before we (can trade, duh) get confirmation. Breaking the channel would be bearish.
At the moment we are hoovering around the 1.75 level that has been a well-battled level over the last two months. You see a lot of noise around there.
Await confirmation by seeing gas finding support and trading up, and enter a long.
The channel-mid of around 1.9 seems a fair target for profit. With more risk, one can aim for channel resistance.
Decide your own enter and exit levels.
Trading is not about copying but about forming your own opinion.
I hope in demand rise . Natural gas demand is expected to start recovering in the coming weeks as states ease lockdowns and as demand for cooling rises in the summer months. In addition to expectations of higher demand, the supply of natural gas in the U.S. is dropping as gas producers lower production amid low prices while oil producers scale back oil output and with it – associated natural gas production from oil-directed wells.
disclaim : I am newbie in traders community .I am not financial advisor .
Strong Bearish downside Target 200-33 points weekly BASE#NG Gas
Last some week Pirce sideways and fake break, Currently price hit long term downside trend resistance.
Next, some month now Demand of Gas VERY LOW as Summer period starts, we will see come next week Price go back 1.510$ support
🛑SUPPORT/RESISTANCE
✅S1= 1.725
✅S2=1.510
✴️R1=1.840
✴️R2=1.920
Please like, share, comments and follow me to get daily base analysis
Thank you for your support, I appreciate it.
Natural Gas Long Opportunity5 waves down is completed with diverging RSI, chance for a reversal uptrend. The plan is to open long positions if break the two lines:
1st at 1.885( breaking the wave 4 high)
2nd at 2.035 (breaking the wave b high, inside wave 2)
Stop loss at 1.470.
You can choose to manage the positions by your own money management.
The first target is at the resistance level coincides the wave (4) but expect higher in longer run.
Wave count is invalid if break bellow 1.470, cheerss.
Upper limit around $37There is a possibility of Ugaz pushing up to the $35-37 range before coming back down...
NATGAS Giving us a LONG ENTRY!We are looking for the best entry, and this entry is not too far! we need to be focused in the next retest in the SHS and also in the ascendent triangle, 1.82 could be a good zone to enter in this value with a buy limit or set an alarm to see the best moment to the entry.
Have a nice day traders! give a LIKE and follow me for more analysis and entries!
I'm feelin' it - on the 4 hourI use Stupid Willy to find approximate bottoms for ugaz and it looks like we could have a good run here today!!!
NAT GAS opportunityNatural Gas spiked in the face of oil crash yesterday. Now making a 3rd touch on the downtrend line. Key resistance level is at $2.
Break and close of the candle for more confirmation is a buy signal.
Please support the idea and share your thoughts on NAT GAS!
Good Luck and Stay Healthy!
Natural Gas (NATGASUSD): BREAKOUT OF A MAJOR CHANNEL!
Very important shift on natural gas:
the market has broken above a major falling channel yesterday after a formation of a higher low.
the breakout is considered to be confirmed and our bias slightly switches to bullish.
now the price may retrace and then it will most likely continue to the next key resistance areas:
resistance 1: 2.0 - 2.1
resistance 2: 2.18 - 2.255
adjust your trading plan accordingly!
NATGASUSD | Potential Downside Please support this idea with LIKE if you find it useful.
Price was rejected by 50 MA resistance once again. Overall price is in a good downtrend so we can see the retracement to downward again.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
NATGASUSD technically based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 NATGASUSD technicaly based idea, we can see price is bounce from bottom trend line, candels formation is strong bulish, technicaly indicators showing we can expect higher push up in price exepcting push till top trend line, based on candels foramtion possible and break of top trend line.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!