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Ng1

NATURAL GAS: Rejection on the 7 month Resistance.Natural Gas is only marginally bullish on its 1D technical outlook (RSI = 56.609, MACD = 0.187, ADX = 40.616) as it failed to cross over the LH trendline. At the same time, it is supported on the 1D MA200 having broken out for the first time since January 3rd. Long-term we remain slightly bullish on NG but on the short-term, we will wait for LH validation. If the price crosses above it, we will take a short term buy and aim for the R1 level (TP = 3.350). If instead the price crosses under the 1D MA200, we will take a short term sell aiming at the 1D MA50 (TP = 2.200). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYMEX:NG1!
by InvestingScope
NATGAS The Target Is DOWN! SELL! My dear friends, Please, find my technical outlook for NATGAS below: The instrument tests an important psychological level 2.638 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2.455 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Short
by AnabelSignals
1
Natural Gas Prices Rally Amidst Geopolitical Tensions and MarketNatural Gas Prices Rally Amidst Geopolitical Tensions and Market Sentiment Shift The price of natural gas is staging a recovery, currently trading around $1.80 as of the time of writing. Preceding any technical analysis, it's important to note that the US Dollar Index is experiencing a slight decline, as market sentiment favors risk assets over safe havens and cash. Natural gas futures are showing signs of strength ahead of the US trading session this Tuesday, surpassing the $1.80 mark. This uptick comes after tensions between Israel and Iran nearly escalated into a direct confrontation, causing concerns in the market. Despite the de-escalation of tensions over the weekend, natural gas prices are on the rise, buoyed by a shift in investor sentiment. Both equities and commodities are regaining favor, with several analysts predicting a notable increase of 10% to 30% in commodity prices, particularly precious metals. Additionally, we are entering a period of seasonality for natural gas, historically marked by price growth during this time of the year. Technical indicators further support the bullish outlook, with the Relative Strength Index (RSI) exiting the oversold territory and currently above the 50 middle level. This suggests a potential long setup trade for a swing reversal, aligning with the seasonal trend. In light of these developments, traders may consider maintaining open positions for an extended period, in anticipation of the forecasted price movements driven by both geopolitical factors and market sentiment shifts.
NYMEX:NG1!Long
by FOREXN1
1
NATGAS Trading Opportunity! SELL! My dear subscribers, NATGAS looks like it will make a good move, and here are the details: The market is trading on 2.252 pivot level. Bias - Bearish My Stop Loss - 2.355 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 2.090 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
NYMEX:NG1!Short
by AnabelSignals
2
NATGAS My Opinion! SELL! My dear friends, NATGAS looks like it will make a good move, and here are the details: The market is trading on 2.150 pivot level. 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 - 1.994 Recommended Stop Loss - 2.252 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Short
by AnabelSignals
1