Get started

NGAS

NATGAS BOIL NG Bottoming formation.Natural gas has been basing for a few months now in what has become a very recognizable Wyckoff accumulation pattern. Complete with high volume on the start to low volume towards the end. Breakouts occur on LOW VOLUME in accumulation phases so don't look for volume to give a clue. Just like the AMEX:SPY and NASDAQ:QQQ markets did at the October bottoms. Remember everyone saying how low the volume was? Yes, same here. We also see a very recognizable MEGAPHONE BOTTOM specifically on BOIL. This is regarded as a bullish signal showing that the existing downtrend may reverse to start a new UPTREND. Further, we see evidence in arcs of a possible bottom. EW counts also suggest the bottom is in for now.
AMEX:BOILLong
by stockgienius
4
#NaturalGas Can Rise Up Very Quickly #NATGASTraders, Natural gas has created several bullish breakouts over the past weeks but failed to push higher. Now as we are reaching the end of the wedge pattern, a breakout is imminent. This can create a W pattern which in turn can push the prices higher. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
NLong
by vikinsa
6
The Hard Boiled BOIL Bulls could catch a breakWho says you can't chart 3X leverage? Got a nice down channel here and about to hit the bottom of the channel. 4.20 at the end of next week would be a nice price. That would be over a 96% drop from the top. Interestingly, the previous peaks in Nov 2018 and Feb 2014 dropped just over 96% before touching the channel bottom. Could overshoot below since it overshot out at the top. Also could bounce early like that small bounce in Dec 2015, before tanking lower and tapping the channel. Lots of breakout potential in the RSI. Feeling like there's going to be some crazy times ahead... if things aren't crazy enough.
AMEX:BOILLong
by Lynxys
79
Natural GAS : LONGNatural gas bounced from a low of $1.95/MMBTU, where almost all producers lose money. Since natural gas and crude oil are near or below breakeven levels, producers are reducing their drilling rate - likely lowering production levels given the lack of capacity. The negative shift in weather, falling rig count, and potential export boost from Freeport may push natural gas back into a shortage over the coming months. While natural gas spot prices appear likely bottoming, UNG's immense "contango" pressure remains a key investment rig factor. Source : Seeking Alpha
RUS:NG1!Long
by SWFguy
Natural Gas May Have Bottom Out @ 2.054 With Double BottomAfter experiencing a price rejection at the 2.054 level and a double bottom formation, the natural gas market appears to be bottoming out, signalling an end to its 2-year low. The bullish sentiment of natural gas is expected to gain momentum in coming weeks! #NaturalGas #NGAS N.B! - XAUUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades
NLong
by BullBearMkt