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NATURAL GAS FUTURES (NG1!) Monthly, Weekly, DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
The time is ripe to long Natural GasNatural Gas has a nice rounded bottom support at 1.55 to 1.65 region.
It ha recently broken out of the long time resistance at 1.994 albeit temporarily. If it retraced back to 1.85 level and can find good support, we are expecting it to retest the 1.994 level once more and if it breaks out, that would be a stronger confirmation for more upside.
Natural Gas Futures- Position idea.SwingHello , everyone,
Remember to choose a trade size that fits your budget and doesn’t over-leverage your account. Markets can be unpredictable so ensuring you protect against excessive losses is important to your long-term success.
If you would like to take advantage of this idea make sure to let us know about your progress in a comment.
ATTENTION : The content presented in this publication IS NOT financial or Investissement advice, you are totally responsible for how you manage your capital.
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Kind regards.
Natural Gas Falls After Release of Storage Data Build of 109bcf- Despite Natural Gas’s recent surge in pricing, prices have retraced to the later part of the session as we witnessed the weekly storage data release.
- This week’s data has shown a 109 billion cubic feet gain in storage within the nation which is seen as one of its largest builds in storage year to date.
Natural Gas Bearish ScenarioIf there is deep consolidation with $2.00 not providing support.
If $2.00 breaks there could be a fast decline as stop losses trigger.
This scenario is the more volatile of scenarios I will cover
Natural gas has already achieved the short term price targets discussed in the 2020 Bull Rally video.
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Natural Gas Mid Cycle UpdateThe new high on May 1 has made this a neutral cycle. The cycle is approximately halfway with time to still become a bullish cycle.
Still very possible there are large price swings with $1.70 being a likely point for the next higher low if this fails to break $2.00
If it breaks above $2.00 there are 2 main possibilities I'll be watching for. I have shown the first with the green lines, once above $2.00 becomes supports.
The other is that it does not become support and we see like large price swings continue like the orange line but with higher highs above $2.00
the coming wave$ung $ugaz $dgaz $boil $kold $unl $gaz
I'm gearing up for the next cycle.I wouldn't be surprised to see a deeper flush. Be careful with leveraged ETF's even though they appear cheap. We don't know how low this can go..take a look at what happened to oil etf's as oil went to zero and below. what strange times we live in.
You see but you do not observe - Arthur Conan DoyleI am sure some of you will find this phrase familiar as it was commonly used in the TV series, Sherlock Holmes. He has a knack for details unlike ordinary people and his inquisitiveness and peculiar way of looking at things make him a good detective. You can say he is not someone who abides by the traditional rules but rather choosing to see things based on his instincts and hidden clues presented to him as evidence.
However, in using trend lines for chart reading, we need not possess the skills of Sherlock Holmes. That is the nice part, making more people qualified to participate in the game of trading and investment. But the nice part can also become the tough part if you choose to see a different lines of perception as indicated in the chart.
Depending on WHEN you start drawing the bearish trend line(yellow, orange and red) are all technically correct.
Yellow - 19/02/20 first fake breakout to trap early bulls and killed them fast!
04/03/20 attempted a 2nd murder of early bulls and unless your SL is 1.596 and below, you are also taken out!
09/03/20 - Out of compassion, Mr Market decides to reward you with a more than 20% hike in price but the past 2 wounds may affect some traders to initiate a 3rd buy.
16/03/20 - if you still have not taken profit by now, you are to take a loss unknown to you as price falls to a low of 1.521.
24/03/20 - This time, Mr Market try his luck once more to lure buyers to come in. Some came in but not too many as they found out the rally was lukewarm.
03/04/20 - Price action shows support at 1.521 and this time, it did not disappoint the buyers as it held up its 25% rally in 3 days.
08-09/04/20 - Price action begins to reverse after touching the red bearish trend line. It is now inside the orange bearish trend line too.
You can also see from 21/01/20 onwards till now ( 3 months period) , the price action are basically lock between 1.521 (support) and resistance at 2.00.
So, what do you do now ?
On the 1H chart, the price action shows a descending wedge pattern at 1.746. Wait for it to breakout before initiating a long position.
On the day chart, you can see the price has retraced 50% from the bottom at 1.521
which means it is likely to rebound at this level.
If you are conservative and prefer to invest based on the buy and hold strategy, then you might want to wait for the red bearish trend line to be broken out at 1.90 level.
Note, the 3 black horizontal lines show the various years multi lows from 1991, 1995 to 1999. Can the current price revisit these levels ? Absolutely especially if you based on the main bearish trend line (red) to analyse.
From here , you can learn that buying or selling decision falls back on your time horizon.If you are intraday trading, then the breakout of yellow bearish trend line is enough to entice you to get into a buy position.
Orange trend line in the centre shows price action falling back inside, so you may want to wait a while more. You may even want to consider shorting at smaller time frame.
I hope this is useful and the next time you want to ask someone :"Is it time to buy or sell ?" you better think twice.
Natural Gas (NATGASUSD): BREAKOUT OF A MAJOR CHANNEL!
Very important shift on natural gas:
the market has broken above a major falling channel yesterday after a formation of a higher low.
the breakout is considered to be confirmed and our bias slightly switches to bullish.
now the price may retrace and then it will most likely continue to the next key resistance areas:
resistance 1: 2.0 - 2.1
resistance 2: 2.18 - 2.255
adjust your trading plan accordingly!