Natural Gas Short Term Sell IdeaD1 - Price is bouncing lower from a strong resistance zone.
Bearish convergence.
H4 - Bearish trend pattern
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Natgasusdsell
XNGUSD- Spot Natural Gas Ascending WedgeAs shown on the 15 minute chart XNGUSD is in an ascending wedge pattern which is generally
considered bearish. In the past day, price has fallen slightly below the support trendline.
Is this a fake-out or a breakdown? The RSI had turned decidedly weak while the MACD lines
crossed above the histogram and are now under the horizontal zero line. These both suggest
a breakdown falling out of the pattern. Price was well above the high volume area of the
profile where there is little trading to support a further price rise. Overall, XNGUSD may have
went up too far and too quickly. I expect a full reversal as suggested by the mass index indicator
so I will short-sell this forex pair. with moderate leverage. The stop loss will be inside the
pattern just above the support trendline while the target is 2.35 about the value where price
started its previous uptrend.
NATGAS LONG TERM TRADE analysHello Traders
In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
today NATGAS analysis 👆
🟢This Chart includes_ (NATGAS market update)
🟢What is The Next Opportunity on NATGAS Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NATGAS will it continue down?Natgas is holding below the support (range), if it is able to get back, it will be able to make a retracement to 0.5 fib. Otherwise, if it is still rejected and the price closes under. Natgas will continue on 3d.
NATGAS LONG TERM SELLING TRADEHello Traders
In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
today NATGAS analysis 👆
🟢This Chart includes_ (NATGAS market update)
🟢What is The Next Opportunity on NATGAS Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NATURAL GAS INTO 5.50 - 6.00 📉📉📉📉 Expecting bullish price action on NATURAL GAS as we have fundamental reasons behind a strong bullish move the war between Ukraine-Russia + sanctions that will affect the supply/demand of this asset, another fundamental reason why price will go higher way above 5.0 is because we have a BULLISH MARKET SEASONALITY till July.
From a technical perspective institutional figures 4.0 - 4.50 keeps the price bullish, we have a clear bullish market strucutre just be patient and ADD LONGS.
What do you think ?
NATURAL GAS LONGS 📉📉📉📉 Expecting bullish price action on this asset as the price of natural gas should rise from a seasonality point of view, we have a bullish market strucutre on H4/D1 timeframe as price keeps making higher highs and lower highs during the move, i will switch my bullish bias only if price will close bearish below the 4.0 area which is a important institutional level.
What do you think ? Comment below..
NATGAS SELL TP_2.261_15.32%_0.409pips_SL_2.751_3.41%_0.091pipsNATGAS SELL TP_2.261_15.32%_0.409pips_SL_2.751_3.41%_0.091pips
Gas Upper Trendline - Short PositionGas Upper Trendline - Short Trade
Entry: $2.845
TP & RR: $2.693 (2.08)
Stop Loss: $2.918
REASONS FOR THE TRADE
After the breakout from the descending channel, we see the price sliding up an inclined trend line. However, the price is now reaching major resistance and I believe there will be a small pullback before potential continuation to the 1.618 Fib Level. The Market Flow indicator is also starting to revert, indicating weakness.
The entry is somewhat conservative since we give the price some more room to continue up before we enter the trade. Opening a position against the trend is rarely a smart idea. The Stop Loss is well above the trendline, which doesn't give us a great RR, but at least we will have more time to assess the price action and potentially close the position if things are not looking too good.
Natural Gas (up or down) Pick your poisonIn my own opinion, since Natural Gas first landed on the market in 2004, it has 1 all time low at 1.574, which is lower than 2004 and since then we have never tested this bottom again. I think with news of coronavirus, it is the perfect opportunity for this level to be tested and i think it will go much further down creating a new low for natural gas.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
NATGASUSD exepcting higher bearish ocntinuation
ENTRY: 1.780
TP: 1.755
TP2: 1.735
TP3: 1.720
SL: 1.805
Chart time frame - 4H
Time for reaching TP - 1-2D
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All best!
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.
NATURAL GAS USDOUTLOOK: BULLISH
In the past few months NATGASUSD has been confounding forecasters - and whipsawing short-sellers - by rebounding sharply.
NATGASUSD bounced from support, potential for a further rise!
NATGASUSD bounced off 2.450 where it could potentially rise further to 2.660.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
NATGAS reversed from resistance, potential drop!
NATGAS reversed off its resistance at 2.785 where it could potentially drop further to 2.600.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Natural Gas maybe topped out for nowAll of the major momentum indicators are in overbought zone, volatility is decreasing a breakdown could be coming very soon we can look for a short setup here with an SL of few points above the 2.95 levels, targets are on the chart.
Remember before selling that natural gas in an strong uptrend for coming months, winter is coming. If today's candle closes above the 2.87 level then the setup gets invalidated
NATGASUSD With Alternate SharkReally it is depends on Saudi production the weather forcast, but this pattern is not rare, don't care about the name even they called alternate monkey, profit on 61.8 Fibo. From CD wave.
