The price of the Natural gas is good for the most of the emerging market, The falling price also help in the most of the Euorope union nation because this is help to power supply. Now the natural gas price is the near to the Average price.
Natural gas (XNGUSD) is currently trading near key support and resistance levels. The near-term support and resistance levels are important to watch, as they can provide insight into the direction of the commodity’s price. 15M Chart:
live example of bull trap and bear trap since morning, and trying to tap the retailers.
The cold weather in US had done little to support a price rise of the Natural Gas, while the consumption was lower than predicted. The price of the gas had broken its support at $5.3 and might be heading further down, testing prices of 4.25 in the next couple of days. In the opposite scenario the price might try to reach levels of $6.07 RSI and MACD both are...
Hello traders! ‼️ This is my analysis of NATURALGAS. Here we are bullish from an H4 timeframe perspective, so I am looking for longs. I expect bullish price action from here as the price fills the imbalance and could reject from the bullish orderblock. Like, comment, and subscribe to be in touch with my content!
as per my analysis. 7.351 is resistance for ng and target 4.136 (support for reverse)
NGAS prices started rising on Monday after a cold wave engulfed the European continent, testing its ability to coupe with the cold weather without its main natural gas supplier Russia. The instrument broke the resistance levels of the triangle chart pattern entering into a bullish movement. RSI indicator is above the 50 neutral line and MACD histogram is above...
I don’t know anything about natural gas but I took a small position on this because technicals look so good. Crazy accumulation, high volume at support, 200 day about to cross 200 week, price structure like back in prior runs
This weekly chart trend channel and wave count may suggest the forthcoming trend of the Natural Gas price. The last low at $5.4/MMBtu may suggest a bottom which allows the price to trend higher in coming weeks. However, we may see drop from current level of $7.03 to as low as $6 area before the uptrend may resume.
I am not a professional trader. But noticed a few points thought of sharing. Mostly I am bullish with NG. Especially from 2021 each drop I noticed as a buying opportunity. However, thought of alerting those who are bullish like me to be more careful at this point. Bulls to be careful for getting confirmation before any buy due to the below reasons. 1. Even On...
NATURAL GAS Technical Analysis Chart Update Time Frame - Daily According to Long Time Frame #LTF we have BULLISH CHANNEL Pattern and it is Rejecting from the Upper Trend Line #UTL it can Follow Sell Trend because it Rejected the Bearish Trend with Strong Bearish Price Action We have got ELLIOT WAVES as well in Long Time Frame #LTF it has Completed its Impulsive...
AMEX:BOIL BOIL is showing a cup and handle pattern at present lending increased probability of a bullish continuation that could yield a 50% price rise over the 45-day width of the cup. Macro and fundamental factors support ongoing natural gas price escalations including the supply issues in Europe, the heat wave from climate change causing and so on. The...
NATURAL GAS is printing a bullish bat pattern. It is still in early stage as point C has defined its place. Pattern will complete at point D which is projected at 4. The price has already been rejected at the key resistance on the daily chart, and RSI is headed downwards. There has also been a continuous decrease in volume from the first time the price tested the...
NATURAL GAS expected move Elliot Wave - NATGAS NATURALGAS WAVE C PENDING - expected heading towards $4-$4.3
UNG (US Natural Gas ETF) - Weekly chart. Support, Resistance, Trendlines for reference. note: chart is on a Logarithmic scale. 05/11/2022.
Hi all! This chart is pretty self explanatory and tells a lot of potential stories. As we all know, NATGAS is a beast of it's own and often technicals are embarrassed by NATGAS movements. But considering inflation, whispers of war, absurd weather, perhaps this isn't as crazy as it sounds. Anyhow, I really wanted to put this out there as a lot of technical...
Helloooooooo PIPPIN TRADERS!!! I'm back with another one. Natural gas is showing a sign of a small correction down to around 6.70 before we have another push upwards to 8.00. Good risk to reward...trade with care!!
For my idea I use my Script "ROAD TO DUBAI" (if you want to test it check this link) As you can see there is a Fibonacci extension really interesting for a safe Short. At worse case price can go up even further, at 9.1$ / 9.2$. However there is others useful signals We have a MACD SHORT CALL [ A couple of X Red Cross RSI Short Related call An...