Novagold $NGNew high is for #Novagold today but #rsi is still weak and may pull back on next week before it continues.
NG
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:
Massive Support zone on NATGAS by ThinkingAntsOkUse this as a guide to develop your view of the chart
Main items we can see on the Monthly Chart:
a) There is a massive Support zone between 1,6 - 1,2
b) This Support has been working since 1992
c) Currently, the price is on 1,6 / The first contact with the support zone
d) We think the price will make reversal structures before starting the bullish movement
e) This Monthly chart provides us with an idea of a bullish potential of 120% towards the next Resistance zone at 3,7
What we are expecting on NATGAS by ThinkingAnts Use this as a guide to develop your view.
Main items we can see on the weekly chart:
a) The price is on a significant support zone
b) We expect a reversal movement based on the previous situations
c) If the price goes up respecting previous structures that happened on the past, these are what we will be waiting
-Breakout of the descending trendline
-Corrective structure of 3 weeks at least, above the broken trendline or on its edge
-Our Target for the bullish movement will be the next resistance zone at 2.5
NATURAL GAS Buy SignalPattern: Channel Down on 1D.
Signal: Bullish once the MACD makes the bullish cross.
Target: 1.700 (projected +15% rise from the low).
Previous signal:
UGAZ Performance During 2012 and 2016 RalliesThis is a continuation of my 2020 bull rally theory, finding the best way of capitalizing on the potential opportunity in front of us is the next step.
UGAZ did not perform well long term during the bull rallies of 2012 and 2016, substantial gains were seen initially but the decay and volatility prevent this product from having long term gains. After the initial natural gas high the following heating season decay really took its toll on this product, with new lows before the final monthly cycle high. 2016 is substantially worse due to the extended time from the high in 2016 till the monthly cycle high in 2018.
UGAZ does present a opportunity for swing trading as can be seen by the substantial moves over 4-6 week periods. The daily cycle can like be used to swing trade UGAZ.
Leveraged ETN's are not designed to be held long term so these result do not surprise me. There are many things working against UGAZ, futures decay, futures contago, borrowing fees, rebalancing fees, rebalancing volatility.
This product should not be used by novice investors!!!
NatGas probably already bottomed1.753 set on Feb. 11 is probably a major long-term bottom. Historically, #natgas has tended to bottom out in the week ending Feb. 21
bluegoldresearch.com
Top and Bottom analysis on Natural Gas (NG) by ThinkingAntsOkUse this as a guide to develop your view on the Chart.
Main Items we can see on the 4hs Chart:
a)After the breakout of the Massive corrective structure, we saw the beginning of a new bearish motive wave
b)Our main target for the end of the bearish trend is the Daily Support zone at 1.650
c)The main structure for the down move is a descending channel, is very important to pay attention to it and see if the price keeps respecting it.
d)If you have a short position opened the support zone can be an excellent target
e)If you want to open Long positions, wait for the price to reach the support zone, and give at least one week to see a formation there.
Daily Chart
$NG trading in bullish descending wedge on weeklyNatural gas is setting up as a long, with positive divergence on weekly chart. Will look for higher prices.
NatGas/Gold Ratio - Monthly Log ScaleChart reflects a symmetrical triangle reversal pattern. Long-term general outlook - natural gas up, gold down.
Natural Gas (NG) Technical CycleBear in mind that this is subjective. The chart is an attempt to identify a peak/trough cycle and highlight where price is currently.
Squeeze on Nat GasSecond Analysis on NG, Last target was too optimist and took some breathing, loooking for a small push
Short Term Bullish for Natural Gas Short term move to the upside for ugaz. Then i expect a big drop. will post once we need completion.
First published Idea of #natgasJust looking for a bounce around 2.28 on Jan contract. read about at ngetf.com
This is my first post and I need to get in the kitchen and cook some bacon and eggs. so long
Multi-Timeframe Analysis / Natural Gas Futures by ThinkingAntsOkUse this as a guide to develop your view:
Main items we can observe on the 4HS chart:
a)Price has broken the primary structure (yellow lines) with a bearish movement
b)The price found support on the 2.20 level
c)We Expect an ABC formation with a pullback to the broken structure
d)If the ABC formation happens, we forecast a continuation of the bearish movement towards the next support zone at the 1.7 level
Daily Vision:
Weekly Vision:
Flatulence is naturalColder and more snow than normal in the areas that drive demand, but is that enough to eat the surplus?
Daily
Support is holding @19.21, 9cent's below the daily setup trend @19.30
Weekly
mostly negative to neutral
Monthly
Patterns
Inverted Hammer on an 8 downtrend = Bullish in a downtrend
Star Doji = Bullish in a downtrend
Gravestone Doji = Bullish in a downtrend
Weather Forcast
UNG (natural gas ETF) 16% up 24% down... My intention was to analyze the NG exchange rate. Even so, I still chose his ETF. The fractal motion is much more visible in this. That is why I would like to present this. It is clear from the movement of the exchange rate that Friday's big fall (7%) was an expected process. The figure clearly shows that a fractal sequence has been completed. It is also clear that the original fractal is copied in a 2: 1 ratio. This copy has been slow for a month now. Therefore, I assume that further movement follows similar regularity. This means that NG and its ETF will turn north in the coming days. The ETF may increase by 16%. But from that level, another decline may begin. Nearly 24%. I am expecting the bottom of the ETF to be 15.44 usd. Then the most interesting thing happens. I assume that NG can start an amazing rise after 14 years. I also recommend this for a longer term investment.
NATURAL GAS - Head & Shoulder BREAKOUT!Price just broke out of our inverted head and shoulder neckline. We are expecting price to have a minor retest before rocketing to the upside.
We may find our first level of resistance @ ~2.45. We are targeting the upper 2.60's.
For entries, we will be waiting on lower time frames for a retest of neckline before going long.
EASY Head and Shoulders on Natural Gas. perfect head and shoulders with a tiny shoulder. he needs to work out both arms
scared money dont make money
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:
