Friday: NGAS - Week 28Hello Traders! Check Related Idea for market context!! Looks like the structure will break the low, and then we can look for bullish clues to buy.
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!
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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
Natural Gas Heading Towards 3.20Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in Natural Gas.
Trend Analysis
The main view of this trade idea is on the 2-Hour chart. Natural Gas has been in a rangebound or rectangular trading pattern since the end of June and is currently making another move lower towards 3.50 support. The key move will be a breakdown from support which will take the commodity towards 3.20.
Technical Indicators
Natural Gas is currently below its short (25-SMA), medium (75-SMA) and fractal moving averages and its RSI is trading below 50, heading towards oversold levels. Moreover, the KST is in a bearish move .
Recommendation
The recommendation will be to go short at market. At the time of publishing Natural Gas is trading around 3.61. The medium-term target price is observed around the 3.2 price level. A stop loss is set at 3.85. This produces a risk reward ratio of 1.77.
Tuesday: Natural Gas - Week 28Hello 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!
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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.
Monday: Natural Gas - Week 28Hello 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!
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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 Falling Wedge Short Term & Medium Term Bearish
Long Term Bullish after completion of last leg down of this Falling Wedge
I expect we’re at our Top (3.8-3.95) then we start rolling back all the way to the bottom. Then the next and 4th move upwards should break easily 6$
Commodities - Natural Gas Reversal (S3)Idea for Natural Gas Futures:
- NG is at the top of the Trend Risk Range:
- Price was rejected at confluence of Trend Resistance + Rising Wedge.
- Short at Re-test of Wedge Bottom with a 2N Frequency Stop Loss for TP1 Yields:
296 Ticks
3.25 R/R
- Look for Exhaustion Gap to begin new Trend and continuation of the short position for S1 Trend entry.
GLHF
- DPT
NATURAL GAS Near Resistance! Sell!
Hello, Traders!
NATURAL GAS is trading in a massive narrowing wedge on a daily chart
And the price is retesting the resistance again
Forming a double top below the resistance
Which makes me bearish on gas
And I think that a move towards support is likely!
Sell!
Like, comment and subscribe to boost your trading!
See other ideas below too!
Ng short set upwait for tag of trendline or scale in short below... stops above 1st high... Price is above 200 day ma, this is a counter trend trade, so better to start small and add along if it works. targets shown below... beware of 200d ma , and how it behaves 'round there to access the trade's probabilities.
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:
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Elliott Wave Analysis: Energy Sector May Face Some WeaknessHello traders and investors!
Today we will talk about energies, specifically Crude oil and Natural gas in which we see interesting developments.
As you can see, both oil and gas are in tight positive correlation as energies are in recovery mode, but a rise looks corrective. Oil has slow, choppy and overlapped W-X-Y complex wave structure, while gas has A-B-C correcitve rally.
Well, with current sharp and strong decline below channel support line, seems like bears are taking the lead, at least for a short period of time, so watch out for more weakness in upcoming days/weeks.
Be humble and trade smart!
If you like what we do, then please like and share our idea!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
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.
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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.
Monday: Natural Gas - Week 20Natural Gas is still on an up-trend and still going strong. "The prevailing trend is in existence until it is proved to have been reversed." ---> this is a very important concept that most traders tend to disregard.
- At this moment NGAS still looks bullish, so every time a buying opportunity presents itself I will take it, but, I will only take short-term buys from this point, and hold my other buy for longer-term.
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.
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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.
Wednesday: Natural Gas - Week 19There are lots of corrections currently in NGAS, but this is nothing new, this is quite common in NGAS. 2 big corrections in a row often happens.
- Right now we have an impulse, and a 3-wave corrective structure, the up-move is in play and a high probability play.
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.
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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.
Friday: Natural Gas - Week 18I meant to write that it's -------- a Running Flat ------------
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.
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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.
Scenarios: Natural Gas - Monthly ChartFor now, it looks like the bigger picture is climbing steadily towards previous highs. On lower timeframes there have been lots of good buy-setups, we're in the middle of the structure now, so being patient and waiting for good quality R/R buy-setups is a good idea.
The volume on the monthly has been declining as well because we have been correcting. A spike in volume would indicate buyer and market strength, and a good time to be involved in the market.
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.
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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.
Wednesday: Natural Gas - Week 18I 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.
-----------------------------------------------------------------------------------------------------------------------
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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.
Tuesday: Natural Gas - Week 18I 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.
-----------------------------------------------------------------------------------------------------------------------
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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.
Scenarios: Natural Gas - Week 18I 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.
-----------------------------------------------------------------------------------------------------------------------
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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.
NG1 - Natural Gas.NG1 - Natural Gas
We've been in range while, patience is key with this one
Technical aspects - Brewing up nicely!
Support: 2.400, 2.275, 2.040
Resistance: 2.945, 3.070, 3.375
Pattern: Wedge / Double Bottom
A break to either direction and a pull back to the trendlines either direction of break trade to be taken. (once confirmed)
Trade Journal
(Just a trade Idea, not a recommendation)
Elliott Wave Analysis: Natural Gas Looks Clearly BearishHello traders and investors!
Today we will talk about Natural gas, its price action from technical point of view and wave structure from Elliott Wave perspective.
We have been bearish on Natgas all the time and seems like the downtrend is not finished yet.
After a big, higher degree a-b-c corrective movement at the end of 2020, ideally for wave B, Natgas turned down in an impulsive fashion, probably as part of the first leg (i) of a new five-wave cycle within wave C that can push the price back to 2020 lows.
Well, after we noticed a nice bearish setup formation with waves (i) and (ii), seems like Natural gas is on the way down within wave "iii" and after recent break below strong daily channel support line, it's actually confirming the bearish trend.
Currently we can see another three-wave intraday corrective pullback, ideally in subwave (ii), where support line of a corrective channel may now act as a strong resistance.
All that being said, be aware of a bearish continuation in 2021, ideally and probably as part of a new five-wave cycle within wave C of a higher degree wave (V) that can send it back to 2020 lows to complete a bigger weekly ending diagonal pattern.
All the best and have a great weekend!
If you like what we do, then please like and share our idea!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.