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NATURAL GAS

NATGAS Analysis - Retrace Before Further Move DownwardFundamental $2.00 level has been broken, signaling how weak the market actually is, during a time it should be strong. Due to oversold conditions, temporary prop back up to $2.05 - $2.11 (previous support) level is expected. Natural gas analysts are expecting natgas production to remain high throughout 2020 which will eventually subside in 2021, when cuts will occur due to companies filing bankruptcy and other factors. Thus, the strong natgas production during extremely weak consumption will lead to this market retracing $1.60 low. Natgas might also possibly complete the cycle seen in the daily/weekly charts to $1.30, which at that point you go all in long and become a millionaire. :) Good luck!
OANDA:NATGASUSD
by gbleier
NATGASUSD long from 1.675usd level.NATGASUSD long from 1.675usd level. We wait for the time being. The rule set is that the movement of the chart is symmetric to the ATR closing values. However, there is a small screw. For better representation, the figure shows the time frame D1. In contrast, I calculated the ATR closing values based on the W1 data. Nevertheless, the end result is credible. Back to the chart. I assume that the exchange will back test the 1.675 usd level and turn north from here and start copying the first fractal shown in the D1 timeframe. If my analysis is correct, the target price rise is 2.405USD.
OANDA:NATGASUSD
by meszaros
10
NATGASUSD 31% correction gain.NATGASUSD 31% correction gain. I'm expecting a north turn in the exchange rate. There are two possible reasons for this. Both are technical. One is that the ATR final values were tested symmetrically. I present this on an additional chart. The other is that an earlier fractal copy starts the chart. The figure shows the first fractal. My guess is that the elevation can be copied. If the idea is right, there may now be a rise with a target price of 2,431 usd
OANDA:NATGASUSDLong
by meszaros
3
Natural Gas Possible Bottoms and TargetNatural gas' price action is best contained within a downward channel on the weekly time frame. There are two possible bottom scenarios. 1st Bottom: Within the downward channel the price is currently within a falling wedge. This is the third touch to the bottom of the wedge which in many cases means the price is likely to go up from here. If the price happens to breakout of the wedge, the wedge gives us a target that is near the top of the downward channel which is around $4. 2nd Bottom: The 2nd bottom scenario is simply the bottom of the channel. The channel is very well defined so if the price happens to go this low, I think there is a very good chance that this would be the absolute bottom.
OANDA:NATGASUSD
by ttrending
1
NATURAL GAS USD BUY ON WEEKLYWe going to continue to the price action between $1.862 and $1.957. Most importantly is its 50% level at $1.910. Trader reaction to this level will determine the direction of the March natural gas futures contract today. A trade through $1.862 will signal a resumption of the downtrend. A move through $1.957 will change the minor trend to up and shift momentum to the upside. If there is a breakout to the upside, $2.033 to $2.076 becomes the primary upside target.
OANDA:NATGASUSDLong
by q12398
2
NATGASUSD | Sideways Market Since the End of 2008Please support this idea with LIKE if you find it useful. Initiate Long. Entry - 1.967 TP1 - 2.788 TP2 - 3.752 TP3 - 4.687 SL - 1.626 Reason: At first look we have a Descending Triangle, though current formation is a Channel (with fakeouts) since the end of 2008. Pay attention or Red Resistance Line which previously supported the Line. In this case we have the price bottomed. We can initiate Long with Stop Loss that covers the Support zone in order to catch the Retracement. Trade can take 1+ year. For this setup to be more safe it's better to pick up the asset on retracement movement. 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 Advise.
OANDA:NATGASUSDLong
by Anpu
6