Natural Gas
TRADE SETUP_25% UP MOVE IN NATURAL GASThe Natural gas is seen in an Elliot wave structure since Jun.2023 bottom.
The current pullback shall be considered as a wave IV pullback(until the wave I high of 3.015 does not get violated).
From current levels though what should be expected should be a 25% rally (wave V)
towards the 4$ mark.
Also note that the wave markings have been done on an hourly chart but the daily chart is being posted here for the sake of better picture quality. In case anyone interested in having a look at all the internal markings on hourly, they could let me know.
Note*- Futures trading involves leverage and carry significant risks. Please trade with caution and do your own analysis before taking up any financial position.
NATURAL GAS: Rebound expected near the 1D MA50.Natural Gas is on a six day bearish streak, turning neutral on the 1D technical outlook (RSI = 47.415, MACD = 0.105, ADX = 27.914). The pattern since April is a Bullish Megaphone and every pullback like this, has been a buy opportunity. The last one reversed just before it hit the 1D MA50, and as the 1D RSI is also near the S1 level, we turn bullish, targeting the R1 level (TP = 3.645).
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Natural Gas - Keylevels - DailyNatural Gas remains in a downward trend, we are getting closer to winter, and demand will increase.
Why doesn't the price increase more?
Or...why doesn't the price increase according to your expectations?
Simple..
The story of the war has calmed down and the FUD on prices has decreased and in addition to that, the main factor is that in several countries in EUROPE, the price of gas is capped, so that regardless of demand and supply, the price on the bill remains the same .
My opinion is that if this winter we see Natural Gas between 4-6 dollars, it would be advisable to mark our profits and wait for next year.
Natural Gas - Big moves aheadNATGAS has been putting in consecutive higher highs for the better part of a month. This is indicative of a further move up as called over a month ago. Until this trend is broken we remain bullish and are looking to break the first resistance which should then lead us to 3.5$ very quickly.
BULLISH
Natural Gas DXY GOLD SILVER USO Price ForecastNatural Gas DXY GOLD SILVER USO Price Forecast
Natural Gas Natgas Stock forming equilibrium pattern
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Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count
this is an update to the previous view.
Yesterday, the market completed the 4th wave of its price movement cycle and has since entered the 5th wave. This represents a continuation of the current trend, and we can anticipate a positive recovery in the upward direction once the 5th wave is completed. This signals a potential opportunity for investors to consider taking advantage of the market's recovery trend.
In light of this, we recommend refraining from taking short positions in a bull market. Instead, it would be prudent to wait for a reversal and take a long position.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading.
CAPITALCOM:NATURALGAS FOREXCOM:NATURALGASCFD MCX:NATURALGAS1! CITYINDEX:NATURALGASCFD PEPPERSTONE:NATGAS SKILLING:NATGAS
NG target $3.0 and $3.6Natural Gas has been consolidating since Mar 2023 and has formed a round bottom. I expect NG to hit the first target $3.0 within next 1-2 weeks and then consolidate at those levels before the hitting target $3.6, which will be a conjunction of two resistance lines blue and white. Let me know your thoughts in comments.
Natural Gas Price Forecast DXY OIL GOLD SILVERWelcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias
- Natural Gas Natgas Stock forming equilibrium pattern
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#NATURALGAS LONG TRADE IDEA SETUPGreetings Folks,
today i have prepared a setup of NATURAL GAS on MCX
the analysis is as follows
- the price is looking for a minor reversal
- currently trading at a very important zone
- wait for a retest for entry
dont play with fire, always use a predefined stoploss
NATURAL GAS Ready to buy at the bottom of the Channel Up?Natural Gas (NG1!) is trading within a logarithmic Channel Up pattern since the April 14 Low. The current bearish leg is one step before testing the 1D MA50 (blue trend-line) but the bottom is located just below the 1D MA100 (green trend-line). That trend-line has priced the last three Higher Lows (September 26, September 06, August 24), so we are ready to buy there and target the 0.786 Fibonacci at 3.250, which has been a standard rebound target since July. The most optimal buy signal though since April 13 is when the 1D RSI enters its Support Zone.
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Natural Gas - Elliott Wave Count UpdateNatural Gas - Elliott Wave Count
this is an update to the previous view.
Today, the market reached a new low after a few consecutive days of decline. The current reversal appears to be the start of wave C of 4. However, it is best not to rush into buying at this moment. We can anticipate another low after the completion of wave 4, which will be an excellent opportunity to buy for a significant gain.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading.
CAPITALCOM:NATURALGAS MCX:NATURALGAS1! FOREXCOM:NATURALGASCFD PEPPERSTONE:NATGAS CITYINDEX:NATURALGASCFD MOEX:NG1! NYMEX:NG1! VANTAGE:NG
Natural gas - UpdateNatural gas - Elliott wave count
Weekly chart seems like bearish which is completely opposite to our view which we posted earlier.. this bearish view also possible so better be careful or atleast wait for some good reversal signal to take buy.
This is an update to the previous view posted.
Macro Oil Blueprints: Energy Schematics This chart consists of USOIL, Heating Oil, Gasoline, Natural Gas, Palm Oil, and Rubber futures.
Every one is tailored to a Fibonacci Layout. There are two sets of extensions. They interlap and work together. One must look for the support and resistance to verify its authenticity.
Bullish Scenario MPLXMPLX Price Targets :
$38.89
$39.91
$45.24
MPLX LP Overview:
MPLX LP is a diversified, large-cap master limited partnership formed by Marathon Petroleum Corporation (MPC). The company owns and operates a wide range of midstream energy infrastructure and logistics assets, in addition to providing fuels distribution services. MPLX's asset portfolio is extensive and includes:
Crude Oil and Refined Product Pipelines: MPLX manages a network of pipelines designed for the transportation of both crude oil and refined petroleum products. These pipelines play a vital role in the distribution of energy resources.
Inland Marine Business: The company is involved in an inland marine business, which likely includes the transportation of energy-related products via inland waterways.
Light-Product Terminals: MPLX owns terminals specifically for handling light petroleum products.
Storage Caverns and Tanks: The company has storage facilities, including caverns, refinery tanks, docks, loading racks, and associated piping for storing energy products.
Crude Oil and Light-Product Marine Terminals: These are terminals used for the efficient transfer of crude oil and light petroleum products.
Gathering Systems and Pipelines: MPLX owns and operates gathering systems and pipelines for both crude oil and natural gas.
Natural Gas and NGL Processing: The company is involved in the processing and fractionation of natural gas and natural gas liquids (NGL) in key U.S. supply basins.
MPLX's business model encompasses various aspects of the midstream energy sector, with a focus on transportation, storage, and processing of energy products. Please note that the status and details of companies can change over time, so for the most current information about MPLX LP, it's advisable to refer to the company's official documents and reports.