NatGas UpdatePreviously I mentioned that I had to pause trading in Natural Gas as the price action was uncertain from the Elliott Wave perspective without clear impulse waves up. Since then, the price has been moving within the boundaries of outlined complex scenarios of either - expanding or contracting leading diagonals. The price penetrated wave [ w] territory confirming my thinking. Once wave c of (y) of [ x] completes, I might risk opening new longs.
Ng1
Natural Gas - KeyLevels for next WeekIf you wanna take a trade on NATURAL GAS, maybe before that, you need to conisder this KeyLevels of support and resistance areas.
Careful with shorts until on daily is bullish / upptrend + August and september is coming , when de big companies refreshes their stocks for the winter
Natural Gas Stock Forecast | Gold Silver | Price Level Trend- Natural gas stock negated that hourly downtrend and bulls played defense
- natural gas natgas stock bounced off of strong support and now we have just have to break prior 2.8 high to continue the daily uptrend towards 3
- Gold & Silver Stock Falling Wedge Guide.
NatGas Gold Silver Forecast | QQQ Market Analysis- Natural Gas stock slight red flag today
- Natural Gas NatGas bull break above resistance today with no bull follow through and came below the resistance.
- Gold & Silver Stock Falling Wedge Guide.
- Silver is outperforming Gold and if silver weakens more Gold would likely break bearish through the falling wedge.
- QQQ needs to confirm a hourly downtrend before we can have more confidence that the daily lower high is set. So far bulls played defense and we are still in a hourly uptrend.
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.
Like and subscribe and comment my ideas if you enjoy them!
NG1! Expected Growth! BUY!
My dear followers ,
I analysed this chart on NG1!, and concluded the following:
The instrument tests an important psychological level 2.731
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Target - 2.857
Safe Stop Loss - 2.661
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
NATURAL GAS: Short term Sell opportunityNatural Gas got supported on the 4H MA50 yesterday but the rebound seems to be running out of steam. The R1 at 2.697 is so far a Double Top and as the 4H RSI is forming the same bearish pattern as in late May while the 1D technicals are losing strength (RSI = 59.608, MACD = 0.079, ADX = 32.120), we are shorting NG targeting the HL trendline (TP = 2.300).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
NATGAS Bearish Correction! Sell!
Hello,Traders!
NATGAS was trading in an
Uptrend but then hit a strong
Horizontal resistance of 2.683$
While trading in a bearish wedge
Pattern from where the
Price made a nice bearish
Breakout so I think that
Natgas will go down
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Bullish Setup in Range-bound MarketNatural gas has been moving within a range, and currently, we are at the lower part of the range.
We are patiently waiting for a shift in market structure (creating a HH). This would indicate a potential upward movement within the range.
Entry Point:
We plan to enter a trade on a pullback (LH) utilizing the (weekly FVG) with the trendline acting as a support.
Target:
Our target is set at the upper end of the range, with tp1 at 50% of the range.
NFA
#NatGas #NG1! Update Natural Gas has followed my previous outlook by posting what seems to be a simple zigzag with ending diagonal in its final stages. From here we can expect a new wave up. Alternatively this correction can be complicated into ABC flat or WXY double zigzag. But tradingwise there is no reason to expect such further complication at this moment. I also expect oil rallying sharply and SP500 declining. May be we will see some hawkish remarks / developments sowing instability that sends energy prices up and stocks down. Speculation, of course. Not advice.
NatGas UpdateI believe the leading diagonal wave (a) has ended, and we are now in wave (b), which can take various forms (including the possibility that it has already ended). I suggested a few possible paths.
Once there is a pattern or a mature wave count in wave (b), I can make an assumption when exactly the next leg up will occur.
NATURAL GAS Buy signal unless this Higher Lows line breaks.Natural Gas (NG1!) is trading inside a Bullish Megaphone that has just priced its new Higher Low. The price is above the 1D MA50 (blue trend-line) and has started the new leg to a Higher High. Before that however, it has several Resistance levels to overcome, namely the 2.690 Resistance and before that the Lower Highs trend-line. As a result we are buyers but set a target below that level at 2.550. If instead the price closes a 1D candle below the bottom (Higher Lows trend-line) of the Megaphone, we will sell and target the 1.950 Support.
It is worth mentioning the 1D RSI that has been trading on Higher Lows since February 03, an early Bullish Divergence signal against the downtrend's Lower Lows for the price. This momentum continues to favor buying on the medium-term.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇