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Ng!1

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.
OANDA:NATGASUSDShort
by Dani0
Targets hit. Near the 1W support, resuming the uptrend. Long.TP = 2.840 hit as the 1D Channel Down (MACD = -0.013, B/BP = -0.0240) on Natural Gas aggressively expanded to a 2.752 Lower Low. Since this value was too close to our second TP = 2.740, we decided to close all shorts as the RSI = 45.438, STOCHRSI = 53.580, CCI = -33.7393, Highs/Lows = 0 turned neutral. As NG1! is trading near the 1W 2.696 support, we are starting to build up our long position for the expected 3.020 Resistance test, having tough a more moderate TP = 2.978. If the 2.696 support is tested, we will open the second and last long of this estimated bullish 1D leg.
NYMEX:NG1!Long
by InvestingScope
Potential Trade Idea: Long Heating Oil/Short NatGasRecently our Unum Trading Desk analyst, Lester Davids identified a potential pairs trade on Heating Oil and Nat Gas. "I am bullish on NatGas with a medium term view. We recently saw a break of the downward trend with an inverse head and shoulder developing. In the short term though, we could see a pullback following the breakout. On that basis, one could be short NG and Long Heating Oil." We decided to wait for a better entry level on the medium term trade, rather than playing the ultra-short term reversal. It is now approaching our entry point. On the NG chart: "NG is approaching incline support around the $2.77 level. We also have horizontal support near $2.74. Potential buy/long opportunity. Keep on the watchlist for possible entry." For the pair we want to LONG NG and SHORT Heating Oil. If you want more details on the trade email tradingdesk@unum.co.za
NYMEX:NG1!
by MarkWeetman
Bullish target reached, now pulling back to gather momentum forNG has reached our previous TP = 2.900 and now faces the Resistance of the High extreme line. 4H is a Channel Up but has reached near overbought levels (RSI = 69.332, STOCHRSI = 92.540, Williams = -19.847) with 2.881 its support/ Higher Low. This is expected to break and move to the Higher Low of the proper 1D Channel Up (RSI = 65.173, Highs/Lows = 0.0691) near 2.779. The 2.779 - 2.830 area is a buy zone for the next bullish leg to 3.000 (TP). If it makes also a low "extreme" near 2.747 it shouldn't alarm us since it's been also done on March 26.
NYMEX:NG1!Long
by InvestingScope
NG1! NGH2018 Natural Gas BearLooking back over previous few years price action we can see a sharp trend this time of year for natural gas futures. The technical measurement Williams%R shows a strong Bear trend is either in play or is pointing to a very strong reversal. The prior 2 days of movement NG printed a nice spike upwards followed by a strong retracement hitting new lows. This most recent retracement down was either a move to shake out long retailers or we are beginning to see new lows for NG. Keep bets small. Fibonacci retracement price level provided from most recent move.
NYMEX:NG1!Short
by j_nathan
4
Natural Gas "Historical Evidence discovered"Yep. The title says it all. I have found evidence to support what I believe is future upward price movement over the next 2 months. After many many hours of exhaustive research, I can say with 100% certainty, backed up by years and years of historical data that......IT GETS COLD IN THE WINTER! Just some light humor. So I have two price targets for this upward move. This is not to be confused with what I think is going to happen by February (a much higher high at least $4.10), I'm talking short term...2 weeks from now before a decent pullback. The first is for Natural gas to reach the 100% measured move of "W" at $3.30, which happened in the beginning of November. There is a pretty good resistance level there as well. The 2nd price target, which is what I am hoping for and which makes a little more sense to me, is the 100% measured move of the first part of this current "Y" wave that began last week. That is the FIB that is colored purple. There is a gap to be filled there AND, a 50% typical correction for this WXY wave move would bring it down to retest the trend line and also stay within the yellow path. As far as how this would equate to UGAZ prices.....I really don't know yet. I watch the NG chart to get an idea of when we are close to a trend change for UGAZ. I will be watching the structure on the daily to try to figure out where we are in the wave count and weather or not we are close to a warm weather reversal. GL
NYMEX:NG1!Long
by SalN
13