NG1! BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
Previous week’s red candle means that for us the NG1! pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 3.079.
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Ng1!long
NG1! BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
NG1! pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 8H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 2.911 area.
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Natural Gas(NG1!) Has Started to Bounce Now Technical Analysis:
- NG is doing a bounce in wave ((1)) in black. We expect that this bounce will continue
- H1 right side is turning down
- H4 right side is turning up
Technical Information:
- If you didn't buy yet, you must wait for the wave((2)) in black to be completed in order to buy
- And if you want to buy now, you need to put stop-loss around 2.43 but it's a risk trading now to buy
NG1! Is Very Bullish! Long!
Please, check our technical outlook for NG1!.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 2.777.
The above observations make me that the market will inevitably achieve 2.962 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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NG1! - The heating season is coming up soon.ahead of the heating.
Everyone needs gas.
The war will make gas more expensive.
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
NG1! Is Bullish! Long!
Take a look at our analysis for NG1!.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 2.447.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2.551 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NG1! BULLS ARE STRONG HERE|LONG
Hello,Friends!
We are going long on the NG1! with the target of 2.631 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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NG1! Is Going Up! Long!
Here is our detailed technical review for NG1!.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2.779.
Considering the today's price action, probabilities will be high to see a movement to 2.867.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NG1! LONG FROM SUPPORT
Hello,Friends!
We are going long on the NG1! with the target of 2.461 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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NG1! Is Very Bullish! Buy!
Here is our detailed technical review for NG1!.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2.113.
Considering the today's price action, probabilities will be high to see a movement to 2.286.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NG1! BEST PLACE TO BUY FROM|LONG
Hello,Friends!
It makes sense for us to go long on NG1! right now from the support line below with the target of 1.931 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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NG1! Will Go Up! Long!
Here is our detailed technical review for NG1!.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2.111.
Considering the today's price action, probabilities will be high to see a movement to 2.322.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NATGAS Risky Long! Buy!
Hello,Traders!
NATGAS is now retesting a key horizontal level
And despite the fact that it is on the very edge
I think we still might see the local bullish correction
Because the level is strong and it was not yet broken
Buy!
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NATURAL GAS Long Setup! Buy!
Hello,Traders!
NATURAL GAS broke a key level
While trading in an uptrend
And is now retesting the key level
Which now acts as a support
The area between the rising support
And the horizontal key level
Is now a demand area so I think
That after the proper retest
The price will go up from this area
To retest the resistance above again
Buy!
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NATURAL GAS First Down Then UP! Buy!
Hello,Traders!
NATGAS is trading in a downtrend
And the price is now trading in a bear flag
So I think Gas will fist go down to retest
A support cluster of the rising and horizontal support levels
From where I am expecing a rebound and a move up
With the first target being a resistance above
Buy!
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✅NATURAL GAS FIRST DOWN THEN UP|LONG🚀
🏛NATURAL GAS is trading in a rising channel on 1D timeframe
And the price has retested the rising resistance line
Now, we are seeing a bearish correction towards the demand level
And I think that we will see the price go further down to retest the support zone
To then reverse and resume the bullish rally inside the channel
LONG🚀
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Natural Gas - Good option for long-term investmentPrice of the Natural Gas is on the floor and this situation is bad for most of the companies and when the summer go away we will use more gas and the price will go higher (supply/demand). (Possible correction till 1.40$-1.50$).
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