Thursday: Natural Gas - Week 47Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
Naturalgassignals
NATURAL GAS The top is in. But how low can it go?Exactly two months ago by making use of Natural Gas' clear long-term cycles, I called for a potential Top of the current Cycle after the formation of a Golden Cross on the 1W time-frame:
Even though the price rose a bit more, the peak was made shortly after. This time I am narrowing the horizon to 5-6 years and as you see the Cycle's peak was made exactly on the Higher Highs trend-line that started after the December 2016 High. An important technical development is that the 1W MACD made a Bearish Cross, which when formed on that Higher Highs trend-line, is a Top. Even though on a multi-year basis, the technical outlook has Natural Gas going as low as the Support Zone, on the less long-term, it may follow a consolidation phase as in 2017.
A long-term startegy for a cyclical investor would be to sell every rebound as the current one and gain from such swings on a 1-2 year horizon. In 2017/2018 it was only when the 0.618 Fibonacci retracement level broke, that NG broke down towards the Support Zone. So in such strategy long-term traders may resume selling once the current 0.618 Fib breaks (3.374) towards the Support Zone.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
Price has reached to critical zone, highest level since 2018As oil and gasoline prices spike in the world, Canadian dollar is getting stronger again. Right now, as you can see on CAD/JPY chart , price has entered the critical zone again. This is the forth time since 2017 that price reaches to this zone. Price behavior is very important here. Will gas, oil and commodities help Canadian Dollar to get stronger , break the zone and goes back to its wonderful days on 2014-2016 ? On the other side, Justin Trudeaus government is facing with a massive deficit, highest inflation rate since 2003 and vast volume of money printing which have made Canadian Dollar weaker than ever. Will positive factor overcome negative factors?
XNGUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NATURALGAS Channel, Ascending-WedgeHello
Welcome to this analysis about NATURALGAS , we are looking at daily timeframe perspectives. NATURALGAS in recent times heavily increased with bullishness however it now moved into an overbought condition. NATURALGAS is developing here that will be a decisive factor in the upcoming times. I discovered the main formation NATURALGAS is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how NATURALGAS has emerged with this key ascending-wedge-formation and channel pattern marked in my chart with boundaries. which is an important resistance and also psychological resistance-mark together with the upper-boundary of the ascending-channel-formation a pullback
In this manner, thank you for watching my update-analysis about NATURALGAS and its major ascending-wedge-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
NATURAL GAS approaching the ultimate long-term sell levelI've first published this chart 2 years ago on Natural Gas' 2 year cycles within a +10 years Channel Down. As you see this pattern is holding up to this day and in fact following the aggressive rise of this year (and of Q2 in particular), it becomes more relevant than ever.
The time-frame is on the weekly (1W) of course to grasp as much of the long-term price action as possible and right now is has just formed a Golden Cross (when the 1W MA50 (blue trend-line) crosses above the 1W MA200 (orange trend-line)). This is technically a bullish formation as it shifts momentum from bearish to bullish long-term.
However within this 10 year+ Channel Down, Golden Crosses have been formed closer to peaks than bottoms. It is therefore no coincidence that the price has already entered the Sell Zone of the Channel Down and is currently approaching its Lower Highs trend-line.
I've applied also the Sinewave indicator and it seems very consistent with NG's cyclical behavior within this Channel Down. Even though this Cycle's Top (Lower High on the Channel Down) can be priced anytime within 2022, the price level won't be much higher than the current.
Long-term traders and investors should take this opportunity to sell and comfortably wait for (much) lower prices in 2024 before buying again. Such consistent long-term patterns don't come around that often.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> chrissmith98
--------------------------------------------------------------------------------------------------------
NATURAL GAS Action PlanPattern: Channel Up on 1D.
Signal: Buy within the 1D MA50 (blue trend-line) and the 1W MA50 (yellow trend-line).
Target: 3.350 (just below the -0.236 Fibonacci extension).
Most recent Natural Gas signal:
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> CryptoSurfer007
--------------------------------------------------------------------------------------------------------
Friday: Natural Gas - Week 20I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
NATURAL GAS 1st Higher High since mid February. Buy.Pattern: Triangle on 1D.
Signal: Buy as the price has rebounded on the 1D MA200 (orange trend-line) and formed the 1st Higher High since February 17. After a Higher High, a rally was always followed since July 2020.
Target: 3.140 (the 1.618 Fibonacci extension ).
Most recent signal on NG:
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> kylevd23
--------------------------------------------------------------------------------------------------------
NATURAL GAS Buy SignalPattern: Triangle on 1D.
Signal: Buy as the price has found support just above the 1D MA200 (orange trend-line) and within the 8-month Higher Lows Zone (green). The RSI also hit its own Support Zone.
Target: 3.140 (the 1.618 Fibonacci extension).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala
--------------------------------------------------------------------------------------------------------
NATURAL GAS broke the 1D MA50 after +2 months.Last time NG crossed that level was on November 03. But last time it did so coming below with the 1D MA50 as a Resistance, was on July 28 and before that March 09.
On both occasions, the after the break-out, an approximately +20% rise followed. In addition, the RSI just broke the trend-line which also broke during those two events. Everything points towards a Natural Gas value around 3.300.
Most recent NG signal:
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> ProjectSyndicate
--------------------------------------------------------------------------------------------------------
NATURAL GAS Hit the 4 month Support. Conditions for a rebound.NG almost made contact with the 2.440 level today, which has been the major Support since August 21. So far we have 3 perfect touches on the Support, which alone creates the conditions for a strong rebound.
A closer look on the 1D time-frame shows that this pattern resembles the March - June 2020 sequence, when NG also made 3 hits on the Monthly Support. As with now, the price was also coming at that time from a 1D MA50 rejection (turned into a Resistance after previously being a Support). Once the 1D MA50 broke and after a final pull-back, the very aggressive rally of August - October took place. The RSI patterns are also similar. I am carefully buying now and after the MA50 breaks, I will add on the next available pull-back the remaining of my position. The long-term target is 3.400.
P.S. It is always helpful to keep a longer-term perspective, having in mind NG's multi-year Cycles within the Channel Down, as shown below:
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView
--------------------------------------------------------------------------------------------------------
NATURAL GAS Long-term Buy SignalPattern: Channel Up on 1D.
Signal: Buy as the price bounced on the 1D MA200 which has been holding and acting as a buy entry since March 31. Also the RSI bounced on its multi-month Support level.
Target: 3.350 (right below the Resistance).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> seba26-77
--------------------------------------------------------------------------------------------------------
Will October be Déjà vu for NATURAL GAS?Quick observation here. NG traders that are deep into the commodity's technical dynamics agree that Natural Gas is trading on patterns that are cyclical on the very long-term.
If cyclical behavior and seasonality play a big part on this, then why should the month of October be any different? Every 4 years since 2012, NG makes a bottom around March-April, then rises aggressively up until October, which initiates a pull-back. That pull-back appears to be a Bull Flag for a new High a few months later.
Will history repeat itself?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> AxelShadah
--------------------------------------------------------------------------------------------------------
NATURAL GAS Trading PlanPattern: Channel Up on 1D.
Signal: (A) Buy as long as he price trades above the 1D MA200 (orange line) (B) Sell if it breaks below it.
Target: (A) 2.700 (right below the Resistance) (B) 1.650 (right above the Support).
*Note: the RSI is near its 1 year Support Zone. Only once this failed to initiate a bullish sequence.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
Shout-out to TradingShot's top TradingView Coin donor this week ==> CITIZENCAINE
NATURAL GAS Buy SignalPattern: Bullish Megaphone on 1D.
Signal: Bullish as the price bounced off the bullish trend-line. The 1D RSI is on an ascending Channel since February, indication that the bullish trend is getting stronger.
Target: 2.050 (Resistance).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
NATURAL GAS Buy SignalPattern: 1-month Channel Up
Signal: Bullish once the MACD turns bullish within the Triangle. Potential rebound zone as seen on chart.
Target: 2.030 (Resistance 1).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
NATURAL GAS Trading opportunitiesPattern: Channel Down with underlying Bearish Megaphone on 1D.
Signal: (A) Bearish if the price breaks the MA50 (blue line), (B) Bullish if the price breaks above the red Triangle.
Target: (A) 1.500 (just above the Support), (B) 2.140 (projected contact with the MA200 (orange line)).
Previous successful Buy Signal on Natural Gas: