NATURAL GAS
Resistance Hit with Nat GasStochastic and RSI suggest we are at oversold levels while price action moves into strong support. Expected move upward.
NATGASUSD, H4: Continuous moving towards : SellCFDs on Natural Gas OANDA:NATGASUSD
NATGASUSD, H4: Continuous moving towards : Sell
NATGASUSD BUY (NATURAL GAS - US DOLLAR)Hi there. Price is at the bottom of the pattern. Wait for the price to form a continuation pattern on lower time frame and watch strong price action for buy.
Natural Gas low in place, 20% upside from here!With section 232 Uranium tariffs around the corner, natural gas is lining up perfectly for an event-driven opportunity to get long!
NATGAS - Still not much movement, wait for the bottom. Good weekend everyone,
Update on NATGASUSD ;
As we can see on weekly timeframe we have a huge 2 year support on 2.58 zone and the natgasusd is on bearish rally since ATH around 4.86 usd, overall weekly this commoditie is BEARISH.
RSI approaches oversold zone and this might be a good opportunity.
Daily chart we see a good support/demand zone around 2.72 usd level , the volume is tricky now but i expect this zone to be re-tested again.
H4 chart shows RSI overbought and some decreasing volume and therefore a minor pullback is expected.
Anyway the strategy here is clean and simple, wait NATGASUSD to reject the strong support zone (either the white dashed line or the 2 year support orange line) and long with a very good RxR ratio targeting 2.87 and 2.98 level.
I definetly wouldn't short this natgas before a clear break of the orange support.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
NATGASUSD short tradeWhen we look at natural gas, we quickly realize that we have given up an important support and have tested it.
Also, the next important zone of resistance at 2,733 has already been broken, which is why I assume that we will see a price decline here in the next few days.
enjoy the way
logindaten
NATURAL GAS Buy Signal long termPattern: Fibonacci retracement.
Signal: Bullish as it rebounded on the 1M Suppport Zone.
Target: TP1 3.450 (0.382 Fibonacci) TP2 3.720 (0.500 Fibonacci).
Natural Gas - Midterm OutlookTrade setup for Natural Gas
Confluence
- Daily Mid range entry
- Demand Block
WEEKEND REVIEW: Natural Gas is oving as expected, target >$7Our wave 2 low from support looks to be holding strong. I believe the wave 3 has started and section 232 tariffs on Uranium as likely to be the driver moving forward.
The target for Wave 3 is above $7, section 232 announcement is in April.
UPDATE: Nat Gas part II, 200% upside in CHKI don't like to post about single equities due to the balance sheet risk they propose, this is a company I have bought to take advantage of the outcome of section 232 as mentioned in the earlier update on Natural Gas.
manage your risk effectively and don't be a blind sheep, this is not advise!
NATTY, is the decline over OR is one more drop imminent?read the box on the chart and see if you concur? I'd be interested to know whether people are moving more toward the bullish camp right now or not?
Possible short term sell opportunity for Natrual GasTrend line structure formed at the inception of previous uptrend has extended to this level.
The price has broken out of this important range and there could be possible sell incoming along with short pressure on usoil.
We shall see!
Natural Gas (NATGASUSD) long.Targets and stops on the chart.
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Thank you.
