Natural-gas
Top and Bottom Analysis on Natural Gas by ThinkingAntsOkUse this as a guide to develop your own setup
Main items we can see on the 4hs chart:
a)The price is against a Weekly resistance zone
b)We saw a clear rejection of that level
c)On MACD we can see a bearish Divergence showing the weakness of the current bullish movement
d)The current ascending trendline was broken
e)We will wait for an ABC pattern o something similar, the objective is to have a consolidation on the shown area
f)If that structure is made we will consider it as a clear Zone to short NATGAS towards the Main trendline of the bullish movement
Check the Higher timeframe analysis to make more sense of the 4hs chart
WEEKLY CHART:
DAILY CHART:
LONG NATURAL GAS FOR WINTERLONG NATURAL GAS GOING INTO US WINTER SEASON WITH STOP LOSS. TAKING PROFITS ON 50% UPSWING. CURRENTLY NEAR LONG TERM PRICE SUPPORT. SHOULD TAKE PROFITS AT ABOUT 3$.51 AS THIS WILL JUST FALL BELOW LONG TERM RESISTANCE
The Fredonia Gas Light Companyin 1858 the Fredonia Gas Light Company was founded.
Now, 161 years later I am long NatGas.
NATURAL GAS | SELLPerfect Short Entry for Natural Gas.
Its in Sellzone for this weeks pivots, next weeks pivots and this months pivots and it also rejected resistance and also top of channel.
Long Trade Idea on Natural Gas + Weekly view by ThinkingAntsOkUse this as a guide to develop your own setup
Main items we see on the 4hs chart:
a)Price is inside a descending channel
b)On MACD we can see a bullish divergence in the inner waves of the descending channel
c)On a closer look, we can see that the price broke out from the descending trendline and now is leaving a Pin bar on the zone
d)We will wait for a retest of the broken descending trendline and an ABC structure (like flag patterns) before taking long setups
e)Currently, this is just a trade idea we need to wait for more confirmations before opening positions.
Weekly vision:
Natural Gas: Higher sell opportunity on the medium term.NG is trading within a steady Channel Down on 1W since February (RSI = 36.221, MACD = -0.203, Highs/Lows = -0.1685) with the price currently consolidating after making a Lower Low near 2.160. Based on the 1D RSI pattern, Natural Gas should now seek a higher level near 53.00 for rejection which inside the Channel Down will be in the form of a Lower High.
The expected horizon is around 65 days since the last Lower High. If it tests and gets rejected again on the MA50, then we will have an even stronger bearish reversal confirmation. The next Lower Low is projected in roughly 55 days after the last one. Under these circumstances we are going short with TP = 2.000.
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Natural gas potentially bottoming?A little channel on the daily, could be a continuation channel. Also notice that the overall momentum is starting to go sideways rather than down. Ripe for reversal of some sort? Lets see.
"Top and Bottom Analysis" NATGAS by ThinkingAntsOk4H CHART EXPLANATION:
Main Items we Observe on the Chart:
-Price is inside an ascending channel
-Currently, the price is against a Major Support zone
and facing the lower trendline of the ascending channel
-We draw a descending trendline, we expect that to be broken before taking any long setup.
Based on this if price closes above 2.597 we expect a continuation of the bullish movement towards the upper trendline of the ascending channel at 2.723
MULTI TIMEFRAME VISION:
- Weekly:
-Daily:
UGAZ - 8% LONG? - ADX PLAYING TRENDING BELLS!Hello hello hello...
Today we're back with UGAZ analysis.
This time we analysed UGAZ's past data and we found some interesting levels which are pretty close to the price we are at the moment.
27$ mark is one of the lowest supports UGAZ has had in the past and it might be the new support after breakout.
28.7$ has been the resistance in the past.
A little higher, 33.3$~, has been a resistance level too.
These 3 price levels are the ones you should keep an eye on. We'll see if we can find any channeling between old resistance and support (28.7$, 27$). If there is channeling between those two prices I would trade them myself.
Adx is showing a bit of reversal movement which means the trend would change from bearish to bullish.
Hope he hit some good numbers.
Also: www.instagram.com for technical analysis content and daytrading ! ;)
Kthnxbye,
-JJ-
Natural Gas short term forecastat 27% extension of what appears to be an incomplete downward correction. I'm looking for a move to create overlap of that 3.00 level.
Natural Gas : UNG - 34 Day SMA to Liftoff the 500 Double Hull MAGuessing the 500 Double Hull MA is about to provide Powerful Support for the 34 day SMA here..
brschultz : markettimer777
Nat Gas... Another Day Up... To Peak Feb 29th 2019Went long on Nat Gas (UNG - bought calls) - should go up and peak Feb 28th-ish 2019 per my hourly model.
brschultz aka markettimer777
Natural Gas | Bought Calls Jan23 - Plan Exit Feb 28 ~ brschultzAs some of you know i bought nat gas UNG at end of Day Jan 23rd based on my own hourly models.
My models suggest a peak in natural gas or optimal sell date on Feb 28 2019
brschultz aka "markettimer777"
Long position on DGAZDGAZ is looking strong after rough month. DGAZ will push towards the trendline and if it breaks the trendline I think it will go back to the original consolidation point on 300$.
Why I think DGAZ will go up:
-MACD (12,26,EMA15) is still showing positive signs
-EMA is below the candlestick
-Showing trend change
-Similiar patterns during september period
Down She Goes!We can see nat gas is clearly overpriced sitting in supply zone! Leave your comment's below!
Natural Gas - Making movesWith consistence demand and winter approaching it seems NG1! is about to make it moves. Make sure you are on right side of NG1! Chart is just an idea. Let's see where it goes.
Crude oil Growing back up to its peak! It will continue to grow!Crude oil Will continue to grow over long term, but not only the long term. What i mean by this is that the crude oil market will grow with the growth of the refineries of Irving Oil. They have recently boughten a refinery in Ireland and they will be using double the crude oil they have been recently. So whether you want to buy long or short term it will work for you. the long term will obviously have a higher gain but also with the natural energy search it could also be risky depending o the energy and economical threats that involve crude. So about a 80% Safe bet on Crude oil for short or long!
NATURAL GAS LONG-TERM OUTLOOK TO GO 'SHORT'I usually short term trade/swing trade so often trade support and resistance no matter market trend, this would be on 1H (1 hour) time view and below, long-term views will be depicted on the 4H (4 hours) and 1D (1day) view, like this chart.
Looking at the long-term analysis on the 4H and 1D view of natural gas, it looks like it has more or less finished an upside and headed downward some. There was possible revisit to 3.02-3.07, but market seems to be done going up for now. This is strongly supported by the evening doji star depicted on the 1D view which is a solid indication of market to head down.
I would say anywhere now is a good area to short the market, or you can look at 1HR view (intended for short-term trade) for a more suitable entry point to go short. Suitable entry point being when many indicators are corresponding a short for the 1HR view.
I suggest looking a 2.828 and 2.757 as possible exit points when shorting.
Please remember to look at what indicators are telling you if you can understand some, as they would likely help you determine whether to get in trade for a confirmed downfall. Also, do set stop losses but be generous with how much room you allow for this due to candle wicks.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
Natural gas Natural Gas gave a sell setup on 1 hr at a key level. May just get a small pullback or consolidation, but overbought on daily. Could possibly get a large move down from this area forming larger structure. It will come down to price action. If you take good setups, might be able to hold some for a much deeper move down. Haven't actually got a proper reversal pattern. Just like I said, just a 1hr sell setup that happened when I was asleep, but definitely something to take note on and consider.
Camber Energy Rebound$CEI: very oversold, way under 200MA. Potentially bouncing off fib line to retracments: .115, .122. Indicators look polished. Bollinger Bands exploding
