BUY Ngas!Natural Gas is a very important energy nowadays especiall in EU zone, Germany fears coming winter as Ngas supply is so tight because of Russia-Ukraine & Russia-Nato conflict.
Most of Europe countries can't survive winter without Ngas which makes it very demanded, NG price is expected to skyrocket starting from now as you can see in the chart, we just flipped bullish after a trend reversal, now price is in a correction phase which is the wave we want to get our entry from.
NGAS
Buy Natural GasNG is oversold and now setting at a good support zone! price action looks exhausting with weak selling pressure, now preparing for a bounce back up!
Always bullish on energies in this global economic crisis.
NG up trendit seems the bearish is done and we are in uptrend for Natural Gas and the first Tp will 8.1 for end of this week or soon. keep in touch for more connections send me a message in pv and welcome.
Natural Gas At Risk Of Decline At Sellers LevelNatural Gas rally now facing selling pressure from bears in the market. A rejection at current level can possibly drag price to its mean below 6.610
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 5.194, resumption of uptrend is expected.
We make sure when the resistance at 8.176 breaks.
If the support at 5.194 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI support #1 at 43 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 6.485 on 04/25/2022, so more gains to resistance(s) 7.458 and maximum to Major Resistance (8.176) 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 61.
Supports and Resistances:
8.827
8.176
7.458
6.520
5.835
5.194
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💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 5.194, resumption of uptrend is expected.
We make sure when the resistance at 8.176 breaks.
If the support at 5.194 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI support #1 at 43 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 6.485 on 04/25/2022, so more gains to resistance(s) 7.458 and maximum to Major Resistance (8.176) 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 61.
Supports and Resistances:
8.827
8.176
7.458
6.520
5.835
5.194
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NGas LongHi traders,
Following our last NGAS signal that hit our massive take profit I noticed an ABCD trendhike on the weekly timeframe and will hold my remaining positions to new take profit point $8
Trouble for NGAS. NGAS LongGood day traders,
Following all my NGAS analysis meeting take profit levels, I'm now able to confirm the bigger picture. Please note that all my analysis are done from a swing point of view but you could see the targets being met sooner than anticipated.
Building up to the Russia/Ukraine war we noticed the Natural Gas prices consolidate and only saw it surge after the sanctions were handed. With the sanctions in place, I believe that the market will keep surging until something is done about the high demand that was created by the sanctions.
What we currently know: The Russia/Ukraine most recent peace talks failed thus we saw the market surge to $8.1 last week. We are are close our support and I now anticipate Natural gas to retest our key level and eventually meet our Take profit level on our long term resistance.
What are your thoughts on this commodity? Do you agree with my observation?
Please join in the converstion to share your thoughts.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
NG Downside PressureAlthough price is in an uptrend and is bouncing on the ascending trend line, we can see bearish strong candles formations which indicate downside signals.
Currently, price is facing bearish pressure and has made a bearish reversal pattern.
There is a yellow support level around 6.100, and if price breaks this level, I expect a drop at least to retest the trend line around 5.870
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.
NGAS: Huge monthly uptrend startingI think Nat Gas prices are going to soar here, for the coming 9 months. We have a daily entry here, that can evolve into a massive monthly trend.
Try not to miss out on this play!
Cheers,
Ivan Labrie.
Ngas soaredNgas soared as well went the market opened. I held a trade from last week to gain these profits. Taking tp and waiting for further confirmations
NGas still on the bearish side but looks to be bullish by NFPNGAS formed a double bottom and gave us a breakout on neckline, I'm a bit indecisive even though we have a bullish impulse on the NGAS it still isn't give aa clear direction. I will place a buy limit and patiently wait for it to trigger.
Remember that all positions aren't worth taking. Always wait for at least 5-7 confirmations. In this case I only have 3 which isn't good enough to take the buy. I will wait for more fundamentals to give me more reasons to buy.
What are your thoughts on Ngas?
Italgas (IG.mi) bearish scenario:The technical figure Triangle can be found in the Italian company Italgas S.p.A. (IG.mi) at daily chart. Italgas S.p.A. is an Italian company specialised in the distribution of natural gas. It is listed on the Milan Stock Exchange and included in the FTSE MIB index. The Triangle has broken through the support line on 04/02/2022, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 15 days towards 5.482 EUR. Your stop loss order according to experts should be placed at 5.984 EUR if you decide to enter this position.
Italgas and Buzzi Unicem have signed an agreement for the development of a feasibility study on the implementation of Power to Gas plants in combination with Carbon Capture Systems at Buzzi Unicem's production plants. The implementation of these technologies is aimed at promoting the decarbonization of cement and concrete production processes in order to increase environmental sustainability and facilitate the energy transition.
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sell short term ngasbroke out of zone and coming back to test before continuation sell. coming back to mini consolidation box
Natural Gas: Ready for a new uptrendAfter a correction of -45%, the uptrend resumes in the weekly support level. We bought it at $2 and we've been adding more positions ever since. The energy crisis in Europe is increasing as countries are moving to renewable energies. Germany and Belgium are closing nuclear reactors so we expect issues in terms of demand and supply, and the increasing inflation as well, that is moving the prices higher in commodities.
💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast:
4.160 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 4.160 is broken.
Technical analysis:
A trough is formed in daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 5.000 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 75.
Take Profits:
TP1= @ 2.600
TP2= @ 2.750
TP3= @ 2.900
TP4= @ 3.000
TP5= @ 3.150
TP6= @ 3.650
TP7= @ 4.160
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