✅NATGAS SHORT FROM RESISTANCE🔥
✅NATGAS is set to retest a
Strong resistance level above at 3.00$
After trading in a local uptrend for some time
Which makes a bearish pullback a likely scenario
With the target being a local support below at 2.836$
SHORT🔥
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Ng1
NATURAL GAS Strong sell on the 1D MA50.Natural Gas has been so far following the sell strategy we shared with you a month ago (December 04, see chart below), having already hit one Target (2.425):
Yesterday the price hit the 1D MA50 (blue trend-line) and managed to close the 1D candle below it, which stands out as the most efficient sell opportunity since the October 27 2023 High. Technically we can see a new Channel Down emerging with two Lower Lows and two Lower Highs already. Our long-term 2.135 Target on Support 2 remains, but technically the downside can be considerably bigger (-38.67% was the previous Bearish Leg).
If the price breaks above Resistance 1 (2.990), we will take an additional short-term buy, targeting 3.275 (Resistance 2).
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Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count
Natural Gas - the market seems to be forming ending diagonal on C of Wave 4 and we can see a decline to wave 5 soon.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading
CAPITALCOM:NATURALGAS AMEX:UNG MCX:NATURALGAS1! PEPPERSTONE:NATGAS MOEX:NG1! FXOPEN:XNGUSD FOREXCOM:NATURALGASCFD
Naturalgas - Elliott Wave CountNaturalgas - Elliott Wave Count
Naturalgas - the market looks like in Triangle B and after the correction up to 2.34 or below level we can see a good pullback towards 2.78 range.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading
MOEX:NG1! MCX:NATURALGAS1! CAPITALCOM:NATURALGAS FOREXCOM:NATURALGASCFD FOREXCOM:NATURALGASCFD CITYINDEX:NATURALGASCFD
NATGAS Bullish Breakout! Buy!
Hello,Traders!
NATGAS is going up now
And we are seeing a
Bullish breakout of the
Key horizontal level
Of 2.486 and the breakout
Is confirmed so I think
That we will see a further
Move up after the market opens
Buy!
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NATGAS Will Collapse! SELL!
My dear followers,
This is my opinion on the NATGAS next move:
The asset is approaching an important pivot point 2.469
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 - 2.385
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
NG1! Will Fall! Short!
Take a look at our analysis for NG1!.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 2.468.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2.366 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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NATURAL GAS: Long term Cycles target 1.400.Natural Gas is very consistent with its long term patterns and in particular Cycles that have been in effect since the 2008 crisis. The dominant pattern since then has been a Channel Down and with the application of the Fibonacci levels we get a good understanding of the Cyclical phases. We need to look at the 1W timeframe for that, where the technical is already bearish (RSI = 40.467, MACD = 0.009, ADX = 38.451), recently rejected near the 1W MA200 and now under the 1W MA50.
We can see another three patterns with declines under the 1W MA50 after a 1W Death Cross formation. All pushed near the bottom of the Channel Down, with only the 2009-2012 taking longer. Every monthly rally is a sell entry for us from now on (TP = 1.400).
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NATGAS On The Rise! BUY!
My dear friends,
Please, find my technical outlook for NATGAS below:
The price is coiling around a solid key level - 2.552
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 2.750
Safe Stop Loss - 2.437
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
NATURAL GAS Turned bearish but short below the 1D MA200.Natural Gas (NG) opened today below the bottom (Higher Lows trend-line) of the long-term Bullish Megaphone pattern and that is of course the strongest indication that the market has turned bearish long-term. The first sign was breaking and closing below the 1D MA100 (green trend-line), which hasn't been done since June 14.
The safest course of action would be to sell after the 1D MA200 (orange trend-line) breaks and target first the bottom of the Support Zone at 2.425 and after a bounce, 2.135 (Support 2) in extension.
Until the 1D MA200 breaks though, we can see a dead-cat-bounce if the price breaks the Lower Highs trend-line and closes above the 1D MA100 again. If that happens before, as well as the 1D MACD forms a Bullish Cross, we will buy first the target Resistance at 3.275.
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