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NGAS

Perfect Falling Wedge Pattern: Bullish FormationThis is on the 2 HR chart on October Contract. Quite a bearish week. I still believe we are headed up. Very short time frame to have a full blown bearish continuation with winter right on the corner and demand expected to start rising with cooler temperatures. Also Hurricanes and storm season is upon us. Usually we see spikes in prices in September, October & November. We’re reaching very strong support Zones. I believe this could have been a necessary correction for the bullish trend to come. I expect we go to somewhere around 2.7-2.8 where massive resistance is. We could go somewhat lower this week to where the scribbles are below the falling Wedge Pattern which gives us confirmation on a bullish run expected back to bullish trend upward lines.
NLong
by Obax
1
Don't miss the great buy opportunity in NGASMidterm forecast: While the price is above the support 1.400, beginning of uptrend is expected. We make sure when the resistance at 2.250 breaks. If the support at 1.400 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI bounced from the support #1 at 30 and it prevented price from more losses. While the RSI downtrend #2 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 1.640 on 07/20/2020, so more gains to resistance(s) 1.900, 2.000, 2.100 and maximum to Major Resistance (2.250) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 58. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.650 - 1.550). if so, traders can set orders based on Price Action and expect to reach short-term targets. Take Profits: TP1= 1.900 TP2= 2.000 TP3= 2.100 TP4= 2.250 TP5= 2.500 TP6= 2.700 TP7= 2.950 TP8= 3.650 TP9= Free
NLong
by ForecastCity
22
Don't miss the great buy opportunity in NGASMidterm forecast: While the price is above the support 1.400, beginning of uptrend is expected. We make sure when the resistance at 2.250 breaks. If the support at 1.400 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI bounced from the support #1 at 30 and it prevented price from more losses. While the RSI downtrend #2 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 1.640 on 07/20/2020, so more gains to resistance(s) 1.900, 2.000, 2.100 and maximum to Major Resistance (2.250) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 58. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.650 - 1.550). if so, traders can set orders based on Price Action and expect to reach short-term targets. Take Profits: TP1= 1.900 TP2= 2.000 TP3= 2.100 TP4= 2.250 TP5= 2.500 TP6= 2.700 TP7= 2.950 TP8= 3.650 TP9= Free
NLong
by ForecastCity
24
Natural Gas: UptrendReminds me of silver I am sure bears are seing this whole uptrend as an ABC. They'll always find reasons to be short. Rolling over these shorts must be real painful. Imagine trying so hard to be "right" and being obssessed about an idea in a coinflip game. Mind process: 1- Why bullish on Natural Gas? Idk it's kinda going up. I just flipped a coin. 2- Why this stop loss? Idk stop asking questions. I'm usually good at eyeballing bottoms. Got a track record. Been eyeball picking bottoms since 2014 even when I knew nothing about trading. 3- Why even take this? I like making huge wins. This can go really far. If it was able to effortlessly break through big areas of resistance, imagine what it can do with half the resistance? Big distance to run until something stops it. Just fire a .50 caliber at a thick (but not too thick) metal plate and put a piece of paper behind it, see what happens. If I have a coinflip opportunity to lose 1 or make 7 well please I'll take that all day long every day.
NYMEX:NG1!Long
by MrRenev
NATGAS Update and New Trading SuggestionMidterm forecast: 2.200 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 2.200 is broken. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 1.640 on 07/20/2020, so more gains to resistance(s) 2.500, 2.700, 2.950 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 74. Trade Setup: We opened 10 BUY trade(s) @ 1.94 based on 'previous Forecast' at 2020.07.29 : Total Profit: 313 point Closed trade(s): 109 point Profit Open trade(s): 204 point Profit Closed Profit: TP2 @ 2.00 touched at 2020.08.03 with 6 point Profit. TP3 @ 2.10 touched at 2020.08.03 with 16 point Profit. TP4 @ 2.25 touched at 2020.08.04 with 31 point Profit. TP5 @ 2.50 touched at 2020.08.04 with 56 point Profit. 6 + 16 + 31 + 56 = 109 point Open Profit: Profit for one trade is 2.45(current price) - 1.94 (open price) = 51 point 4 trade(s) still open, therefore total profit for open trade(s) is 51 x 4 = 204 point New Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (2.330) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. Take Profits: TP5= 2.500 TP6= 2.700 TP7= 2.950 TP8= 3.350 TP9= 3.700 TP10= Free ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
NLong
by ForecastCity
14
NATGAS Update and New Trading SuggestionMidterm forecast: 2.200 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 2.200 is broken. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 1.640 on 07/20/2020, so more gains to resistance(s) 2.500, 2.700, 2.950 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 74. Trade Setup: We opened 10 BUY trade(s) @ 1.94 based on 'previous Forecast' at 2020.07.29 : Total Profit: 313 point Closed trade(s): 109 point Profit Open trade(s): 204 point Profit Closed Profit: TP2 @ 2.00 touched at 2020.08.03 with 6 point Profit. TP3 @ 2.10 touched at 2020.08.03 with 16 point Profit. TP4 @ 2.25 touched at 2020.08.04 with 31 point Profit. TP5 @ 2.50 touched at 2020.08.04 with 56 point Profit. 6 + 16 + 31 + 56 = 109 point Open Profit: Profit for one trade is 2.45(current price) - 1.94 (open price) = 51 point 4 trade(s) still open, therefore total profit for open trade(s) is 51 x 4 = 204 point New Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (2.330) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. Take Profits: TP5= 2.500 TP6= 2.700 TP7= 2.950 TP8= 3.350 TP9= 3.700 TP10= Free ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
NLong
by ForecastCity
10
There is a trading opportunity to buy in NATGASMidterm forecast: . While the price is above the support 1.550, beginning of uptrend is expected. . We make sure when the resistance at 2.250 breaks. . If the support at 1.550 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: . While the RSI downtrend #1 is not broken, bearish wave in price would continue. . A peak is formed in daily chart at 2.024 on 05/20/2020, so more losses to support(s) 1.800, 1.700 and minimum to Major Support (1.550) is expected. . Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. . Relative strength index (RSI) is 47. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.800 to 1.700). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.800) Ending of entry zone (1.700) Take Profits: TP1= 1.900 TP2= 2.000 TP3= 2.100 TP4= 2.250 TP5= 2.500 TP6= 2.700 TP7= 2.950 TP8= 3.350 TP9= 3.700 TP10= Free ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
NLong
by ForecastCity
26
There is a trading opportunity to buy in NATGASMidterm forecast: . While the price is above the support 1.550, beginning of uptrend is expected. . We make sure when the resistance at 2.250 breaks. . If the support at 1.550 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: . While the RSI downtrend #1 is not broken, bearish wave in price would continue. . A peak is formed in daily chart at 2.024 on 05/20/2020, so more losses to support(s) 1.800, 1.700 and minimum to Major Support (1.550) is expected. . Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. . Relative strength index (RSI) is 47. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.800 to 1.700). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.800) Ending of entry zone (1.700) Take Profits: TP1= 1.900 TP2= 2.000 TP3= 2.100 TP4= 2.250 TP5= 2.500 TP6= 2.700 TP7= 2.950 TP8= 3.350 TP9= 3.700 TP10= Free ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
NLong
by ForecastCity
44
Don't miss the great buy opportunity in NATURALGASTrading suggestion: . There is a possibility of temporary retracement to suggested support line (2.1). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NATURALGAS is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 2.340 TP2= @ 2.518 TP3= @ 2.937 SL= Break below S2
NLong
by ForecastCity
27