D1 - 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.
Natural gas prices (US Henry Hub) plunged 20% in the first week of 2023, dropping below pre-Russian invasion of Ukraine levels and continuing losses seen in the fourth quarter of 2023. The sell-off was violent, mimicking a falling knife pattern, with prices sliding back to levels seen towards the end of 2021 and the RSI returning to oversold territory. aPrices...
Following weekly chart. 2.5 years old trend has been nearly broken. Also there is a clear H&S formation. If it breaks TP1 4.29 TP2 3.6 SL - follow weekly close above 6.85
The price of natural gas has been going up and down like a roller coaster over the past month. After suffering a severe 45% drop between June 8 and early July, US Henry Hub prices have risen nearly 80% since July 7, recouping all the losses. What's going on in the natural gas market? Russia is squeezing gas supplies to Europe via the NordStream (NS1)...
GAS Long Setup 🔵 Entry Level: $5.673 🟢 Take Profit: $6.094 ⛔ Stop Loss: $5.441 Reasons: - So far the price is respecting the ascending channel; - I believe the price may bounce off the lower trendline in the area between $5.535 and $5.670. Game Plan: If the price goes through the lower trendline (yellow), which at the moment acts as a support level, then I...
Gas Long Setup 🔵 Entry: $2.740 🟢 TP & RR: $2.890 (2.14) ⛔ Stop Loss: $2.670 Trade Reasons: ✔️ Oversold Level Market Flow ✔️ Diagonal Trend Line Support
Gas Long Setup (refer to the setup marked with "2") 🔵 Entry: $2.704 🟢 TP & RR: $2.898 (3.4) ⛔ Stop Loss: $2.647 Trade Reasons: ✔️ Support level ✔️ Close to the 0.618 Fib retracement ✔️ Diagonal trend line within ascending channel 📝 A few things to note here: 1. Seeing how price action develops, you may close the trade setup suggested yesterday (marked as 1)....
Gas Long Setup 🔵 Entry: $2.81 🟢 TP & RR: $3.04 (1.71) ⛔ Stop Loss: $2.67 Trade Reasons: ✔️ Reaching lower trend line ✔️ Reaching support level ✔️ Market Flow indicator printing small divergences in the oversold area 📝 Not a great RRR, but the SL is positioned at a very safe level below the diagonal trendline and the recent lowest low. If price bounces off that...
Like the title says... This is a Buy here. Here is the daily
Gas Fib Retracement - Long Order Entry: $2.407 TP & RR: $2.549 (3.38) Stop Loss: $2.365 REASONS FOR THE TRADE So far Gas has respected the Fibonacci levels twice, leading me to believe that we may see a bounce from the 0.236 level and a potential reversal. We also have a descending trendline, which I am not sure how well will be respected, but it's worth...
Gas Climbing Up - Long Position Entry: $2.715 TP & RR: $2.877 (3) Stop Loss: $2.661 REASONS FOR THE TRADE So far price action has formed a diagonal trend line, so I believe if it respects that level the price should bounce up and head towards a double top. There's also the possibility that we don't get filled and the price starts trending up without us,...
Gas 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...
GAS Testing Support Level - Long Position Entry: $2.566 TP & RR: $2.673 (2.49) Stop Loss: $2.523 REASONS FOR THE TRADE This looks a lot like the infamous " market maker method ", so I am expecting the price to continue trending down even below my entry zone. The logical question is then why are we opening a long trade? Well, if this support holds and I...
Midterm forecast: 2.200 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 2.200 is broken. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would...
Midterm forecast: 2.200 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 2.200 is broken. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would...
📌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...
Bullish divergence on daily chart, first target 1.80!!!
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 Follow, Like, Share or Comment Thanks on supporting! All best!