Natural Gas Naturally coming down to $2.5 insane drop if soNot only is the world markets showing downside to come, but so are many different commodities.
With so many investors flocking out of natural gas, stocks and even crypto they are most likely trying to find the safer havens to invest in these times.
Right now it looks like Natural Gas wants to come down a whole lot more due to.
🔻 Demand's lower 'cause winter's over and heating needs dropped.
📦 Storage levels are high, so no one's rushing to buy.
💨 Production's still strong, especially in the U.S. — too much supply!
🇨🇳 China's using less energy, so global demand dipped.
💸 Traders taking profits after recent spikes — classic pullback move
And the Technicals also confirm it.
Inverse Cup and Handle
Downtrend Strong
Price>20
Target $2.593
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Shortnaturalgas
XNGUSD Spot Natural Gas to Reverse SHORTXNGUSD ( Spot Natural Gas ) on the 15 minute chart shows that it has risen to a supply and
resistance zone while the dual time from RSI indicator shows a bearish divergence in the
faster green RSI line. The predictive algo of Luxalgo for the regression line forecasts price
action to be downside. These are enough analytical aspects for me to take short positions on
equities and forex markets for natural gas correcting downside.
KOLD triple leveraged inverse ETF for Natural Gas LONGKOLD on the 15 minute chart shows a prior uptrend followed by a large falling wedge pattern
from which in broke out then to form another smaller falling wedge. Anchored VWAP bands are
added showing price is now just above the support of the mean VWAP line also confluent
with the Fibonacci retracement of the uptrend of the first 20 days of February. The RSI
indicator shows relative strength low and less low time frame lines near to the 50 level.
I see this as an excellent setup to take a long trade in KOLD with the target and stop loss
on the chart looking to capture 15% upside.
KOLD Natural Gas Pivots Again LONGKOLD on the 15 minute chart has reversed and swung upside. The the anchored VWAP price
dropped through the mean VWAP and is now in the deep undervalued territory of the second
lower VWAP band line. This is an oversold zone for buying. On the chart, a green arrow is a buy
while a red arrow is a sell. New share buys are funded with profits from BOIL positions
now closed. Relative volatility and volume indicators support the analysis.
I will add further to the position whenever there is an entry provided by a correction found
on a lower time frame of 3-10 minutes.
Short Natural Gas Hi All,
Sharing another tradet that I am in. Expecting a short in natural gas. It had a good run yesterday reaching the daily trend line as seen in the chart. My current take profit is at 3.00. All the best on your trades and please like if you agree.
This is not financial advice, just sharing my trade with everyone.
Regards,
Kayj 9009