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NATURAL GAS

NATURAL GAS WEEKLY ANALYSIS - NEW HIGH FORMEDHey traders, This is a broad overview of Natural Gas on the weekly time frame. As we can see on the chart price has formed a new higher high confirming this minor uptrend. Price reached the target area that I was looking at in my last analysis. With fundamental analysis, a colder than projected winter, this should lead to an increase in natural gas prices. Look for a minor retrace to go long. Simple price action and trades will lead to simple profits. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com Tiktok: @forexshinobi ForexShinobi.
OANDA:NATGASUSDLong
by FXShinobi
NatGas - I know what you bought this summerA few important happenings in NatGas today, so I decided to update. First of all the first daily cycle is right translating: From this point we can be sure : ICL was on the 5th of August. The probability is high we printed a multi year low ( probably a 3 year cycle low) I've mentioned this in a previous idea: The first daily cycle low occured on the 11th August: The first daily cycle run for 49 days with a peak on day 31. We are day 17 today. We are still early in this daily cycle and already broke above the 200 SMA. The second daily cycle usually run for 60 days and the peak usually comes on day 40-45. So we have minimum 2 maybe 4 more weeks before this daily cycle tops. After the 2nd daily cycle i can predict how far this whole intermediate cycle can rally. This might be the best 3 weeks in NatGas this year . Noone can predict how far this cycle going to run: Maybe only breaks 3$ and tops there .. But we might tag the 2019. January high at 3.735$. The 2nd daily cycle could look like this: ANd after this 2nd daily cycle there will be one more daily cycle ... The RSI just got overbought and it's starting to print the 2nd daily cycle 's overbought zigzag.
OANDA:NATGASUSDLong
by chartwatchers
6
NATURAL GAS H4 UPDATE - Price Has Closed Above S/RIn my previous analysis I said that if price was able to close below the lower S/R seen in the picture I would go long. Price has closed strongly above and continued to move up. Price is continuously forming higher highs and higher lows. Risk to reward is still good at 2-3 if you were to enter now. Target is upper S/R level at 2.70~ Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com Tiktok: @forexshinobi ForexShinobi
OANDA:NATGASUSDLong
by FXShinobi
Natural Gas Bottoming PatternLike what I see here on Natural Gas. A nice downtrend with then a bottoming pattern at a support/flip zone. You can call it an inverse head and shoulders or triple bottom, but what it shows us is that lower highs are now turning into higher lows. A trend shift. We have had a nice break of the flip zone or neckline marked in blue. Target is 2.50-55 zone. On a fundamental note, Natural Gas does of course show some seasonality. Winter time is when Natural Gas tends to go higher. I believe the world is getting more colder with winters lingering longer than before. We saw this when it came time to planting crops in the East. Winter lingered longer. Perhaps we are seeing this rush of cold weather approaching earlier than before.
OANDA:NATGASUSDLong
by Uncharted-FX
2
NATGAS H4 ANALYSIS - PRICE STRUGGLING TO BREAK OUT WILL IT?Natural Gas analysis for this week. Price broke out of the blue trend line I have drawn before coming back down to retest it. Price bounced up, but now is struggling to get past the minor S/R I have labeled. Wait for price to make a strong break and then enter on the retrace. No confirmation, no strong break out, NO entry. Free Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com ForexShinobi
OANDA:NATGASUSDLong
by FXShinobi