Natural gas is coming down with a high probability!Hello ladies and gentlemen, according to my chart analysis of the natural gas futures, there is a high probability of a price drop to 3,800 in the next few days!
Ng1
Major lows hit in Natural GasNatural gas hit the demand curve four times in the last 14 year. The average percentage gain from the lows of the curve to the highs exceeds 200%. This is the fifth time hitting the curve.
If the lows hold, we could see a similar violent reversal off the curve.
Natural Gas LONG Analysis based on pure technical - trend line analysis - Fib retracement (power of Fibonacci Retracement , so we can use as like our advantage in the future), I think now patience is the essential key as always. It is about understanding FLOW (flow of markets) and following the news (swing trading)
Gas Natural dowwwwnCycle up has already finished.
Down for the rest of the year.
Target around 2,3 $
NATURAL GAS Head & Shoulders of Donbas annexation vs 2014 CrimeaThis is Natural Gas on the 1D time-frame. The recent acts of war by Russia in Ukraine and the annexation of the Donbas region has created a Head and Shoulders (H&S) pattern, which is typically a bearish reversal sequence forming market tops. This is similar to some extent with the pattern formed in February - March 2014 when Russia again committed acts of war against Ukraine by annexing the Crimea region.
In both cases the 1W MA50 (red trend-line) was is Support. In March 2014, the situation was de-escalated by a Channel Down, following the peak (head) of the formation. At the moment NG may be forming a similar Channel Down. Could this be a sign of de-escalation and follow up of lower prices in the coming months for Natural Gas?
P.S. Always keep in mind Natural Gas' multi-year cyclical behavior as I accurately displayed on the following chart:
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✅GAS WILL KEEP GROWING|LONG🚀
✅GAS is trading along the rising support
And as the pair is retesting it
I am expecting the price to go up
To retest the supply levels above
LONG🚀
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NATURAL GAS AnalysisNATURAL GAS is trading in a bullish trend and now it's retesting its channel support line I expect either bounce at those levels
or liquidity will be taken and we will see a retest of the midterm point of control at 3.438
NATURAL GAS Potential Long! Buy!
Hello,Traders!
NATURAL GAS is trading in an uptrend
Along the rising support line
And as the gas will soon retest it
I think its a good long trade opportinity
Buy!
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USDGAS LONGS 📉📉📉📉 Expecting bullish price action on this assset as price get out of the range, making higher lows and higher highs meaning that bulls are in power in this area. Price could retrace back into 4.0 as psychological area + discount market area fiboncai that sets perfect long opportunities.
What do you think ? Comment below..
NATURAL GAS IN A CORRECTIONNatural gas is in correcting as a ZIGZAG for the 2nd wave and it can bounce from 61.8% of fib level.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#NATURAL_GAS #NG
NatGas: Drama Queen 👑 NatGas is a legit little drama queen these days. Since last week, it has completed wave 2 in green at about $4.049 and has not looked back so far. With several dramatic boosts, it surged upwards and breached the resistance line at $4.825 to finish wave 3 in green. After this exhausting exertion, it put its delicate hand on its forehead, sighing: “I need to recline for a bit…”. This breather led to a descent back below $4.825, but also to a fast recovery. With more dramatic flourishes, NatGas rose higher still and nearly touched upon the green zone between $5.601 and $5.836. Although it has drawn back a bit again, fanning itself with an embroidered handkerchief, we expect Queen NatGas to make it into the green zone to conclude wave 5 in green. If its power suffices, it could even rise into the orange zone between $5.954 and $6.467 to finish wave 5 in green in addition to wave iii in orange there. After all these stresses and strains, we reckon with a distinct corrective movement, which should lead into the lower orange zone between $5.265 and $4.294. There, NatGas should complete the countermovement with wave iv in orange and be royally ready to rise into the upper orange zone between $7.297 and $7.810.
US NatGas Hits Trendline - Fundamentals Likely to Buoy Prices US natural gas futures (Henry Hub) are under pressure following a sharp surge higher, pinging former trendline support before easing. Prices may remain elevated, given colder-than-average temps expected to last through next week from the Ohio Valley to the Southeast US. Meanwhile, Europe continues to source a high amount of US LNG cargoes amid a supply crunch and looming Ukraine/Russia tensions. Volatility is likely to continue in the short term.
$BOIL NG LongNatural Gas appears to be breaking out of a classic Wyckoff Accumulation pattern and has now accelerated through overhead trend line resistance.
Good Volume uptick
Bullish RSI Confluence
Positive MACD
I'm Long BOIL shares as a sister trade, holding for more upside.
Expecting an RSI cool off, but as long as price stays above green EMA cloud, I'm bullish on this trade.
Natural Gas 4H is going downThat last trend up was nice. It should head back down for correction now.
Natural Gas - Bullish CycleWe're currently observing what could be the beginnings of a primary wave 1 of a cycle wave 3. As we're already approaching the top of intermediate wave 1 we'd advise sitting on the sidelines for now until confirmation of intermediate wave 2
We're fundamentally bullish on natural gas as among other things we believe the clean energy transition won't go as smoothly as planned and natural gas will be the main source of energy supply for years to come and as demand ramps up globally the price will go with it as producers will struggle to keep up. Not to mention the geopolitical risks that are happening right now serving as a potential powder keg for a war of resources.
💡NG1! | The best scenario for fallingIn the coming days, gas is expected to experience lower prices in the form of a speaker pattern. I think we should see a calm trend.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad❤️🌹
Lng Export time to start fishing Looking at LNG export a plays. Europe out of stock, China out of stock (they will likely just get supplied from Russia, or Australia) but never the less nothing wrong with hunting.
Watch for 15m break outLooks like NG1! is poised for another move. To be honest, it can break either ways, but ill look for a sell here
Short on breakShort on break - 1H close below trendline
Price Targets
3.980 - previous gap fill zone
3.536 - to reach this point is very optimistic lol
Alternatively, we can look for a bounce from trendline, same as what was posted in the IDEAS section
Prices and trendline drawn based on Natural Gas Continuous Futures listed on NYMEX, prices may differ from your broker
Natural Gas short term is going downLook like natural gas 4HR is breaking down...I had short signal on Jan 19, 2022 at 4:00 am CT with shorting price of 4.256. On Daily chart it's also trending down. Weekly is a bit oversold and could prolong a longer.
Natural Gas (NATGASUSD): Catching a Pullback 💨
Natural gas dropped to a major key weekly structure support.
The underlined structure matches perfectly with 618 retracement of the major bullish impulse giving us a confluence zone.
On that, the price formed a double bottom formation on a daily time frame.
The neckline breakout confirms a coming bullish rally.
Goals:
4.75
5.45
6.2
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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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NG1! Breakout (flagpole)he initial move must be met with large volume while the pennant should have weakening volume, followed by a large increase in volume during the breakout.
