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Natural Gas

NATURAL GAS Expecting a dead-cat-bounce. Get ready to sell it.Natural Gas (NG1!) has been trading within a long-term Falling Wedge pattern since the April 2023 Low, with its latest Lower High coming right at the top of June 11 2024. With a short-term bullish divergence on the 1D RSI, we expect to see a 'dead-cat-bounce' in August, which even though it might get as high as the 0.786 Fibonacci retracement level to price yet another Lower High, an acceptable level to get a sell entry again, would be the 1D MA50 (blue trend-line). Our Target is 1.400, which would be the -0.5 Fibonacci extension (where the February 20 2024 Lower Low was priced), even though the Wedge's technical Lower Low extends as low as 1.200. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!
by TradingShot
NATGAS Technical Analysis! BUY! My dear friends, NATGAS looks like it will make a good move, and here are the details: The market is trading on 1.994 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 2.084 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Long
by AnabelSignals
1
Natural Gas Poised for Seasonal Upswing Natural gas is entering a seasonal phase where the price is attempting to retest a previous demand area. This zone is significant as commercial traders begin to accumulate positions, signaling a potential opportunity for a long position. Our current approach is to identify the optimal reversal point to capitalize on this anticipated uptrend through the beginning of September. As we monitor the market, our focus is on finding the best entry point at a discount price, ensuring a favorable risk-reward ratio. The demand area, which previously provided strong support, is a critical level. A successful retest and subsequent bounce from this zone could confirm a bullish reversal, making it an ideal point to enter long positions. Commercial traders' actions are a key indicator in this scenario. Their accumulation of positions suggests confidence in the potential for natural gas prices to rise. This accumulation phase often precedes significant price movements, as these traders typically have access to more comprehensive market insights. Historically, natural gas prices tend to exhibit seasonal patterns, with certain times of the year presenting more favorable conditions for price increases. The period leading up to September is traditionally strong for natural gas, driven by factors such as increased demand for cooling during the summer months and preparations for the upcoming winter heating season. In conclusion, natural gas is showing promising signs of a seasonal uptrend, with commercial traders accumulating positions in a key demand area. Our strategy involves closely monitoring price movements to identify the best entry point for a long position. By leveraging the insights from commercial trader activities and historical seasonal patterns, we aim to capture the anticipated bullish momentum in natural gas prices leading up to September. Investors should stay vigilant and ready to act as the market presents these opportunities. ✅ Please share your thoughts about NG in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
NYMEX:NG1!Long
by FOREXN1
1
NATGAS What Next? SELL! My dear followers, This is my opinion on the NATGAS next move: The asset is approaching an important pivot point 2.124 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 2.095 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Short
by AnabelSignals
1
NATGAS My Opinion! SELL! My dear followers, I analysed this chart on NATGAS and concluded the following: The market is trading on 2.313 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 2.282 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Short
by AnabelSignals
1
NATGAS Sellers In Panic! BUY! My dear friends, Please, find my technical outlook for NATGAS below: The instrument tests an important psychological level 2.330 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2.358 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Long
by AnabelSignals
1
Natural Gas Approaching Seasonal Growth PhaseNatural Gas is entering a period where its price tends to grow exponentially until October. We have identified a potential Demand area with a trigger price at $2.20. Given the favorable conditions and the seasonality trend, we see an opportunity for a Buy Limit order. With a reward potential of 2X, this setup offers a promising risk-to-reward ratio, making it a compelling buy opportunity. ✅ Please share your thoughts about NG in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
NYMEX:NG1!Long
by FOREXN1
1
NATGAS Set To Grow! BUY! My dear friends, Please, find my technical outlook for NATGAS below: The instrument tests an important psychological level 2.601. Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2.745 Recommended Stop Loss - 2.506 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Long
by AnabelSignals
2
NATGAS Technical Analysis! BUY! My dear friends, Please, find my technical outlook for NATGAS below: The instrument tests an important psychological level 2.719 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2.831 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Long
by AnabelSignals
1