NatGas Extends Gains on Better Supply-Demand EquilibriumNatural Gas prices run their second straight profitable month, covering the Q1 losses and starting the current week on the front foot. This brings the year’s highs in the spotlight (3.3974), but bulls will need fresh impetus for taking them out. The RSI points to highly overbought conditions though, making the commodity ripe for a pullback towards the EMA200 (black line). A move below them would pause the upside bias, but that looks like a toll order under current technical and fundamental conditions.
The advance in natural gas prices is largely due to the improvement in supply-demand dynamics, which can drive further gains. Leading drillers have offered subdued 2024 guidance, while Europe is looking to include LNG in its sanctions against Russia. On the other side of the equilibrium, the outlook on global and Chinese consumption is optimistic. However, there are risks around demand, like Europe’s cuts, China’s bumpy recovery, US elevated stocks and historically warm weather.
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Past Performance is not an indicator of future results.
Suplydemand
EUR/CAD: bullish perspectiveEuro/Canadian Dollar it's look bullish in this side. But this it's a good position to take note right now.
So, I will open up a buy order limit exactly in the price of $1.3592 CAD and SL to $1.3544 CAD (48 pips) and my own target to $1.3710 CAD (118 pips)
The H4 it's bullish
Now, the H1 timeframe, I hope that the price make a activate the key buy order limit below of the market price becuase there're some order to being activate in this trade. Also, I have another point to monitoring the price of $1.3689 CAD to watch this possible key manipulation in that price.
I hope that this idea support you
Short CCL on the retest of broken DZ. carry the loss- Lesson leaWHY I TOOK THE TRADE
- heavy supply into a DZ from the (M)
- the long-term chart (W) in downtrend
ODD ENHANCERS
- news of new Corona strain puts negative pressure on stock's sector
CONFIRMATION
-price broke & CLS below DZ. invalidating the demand zone (DZ)
WHY I COVR PSTN
- my STP loss was triggered.
WHAT I LEARNED
- my ENTR to SHRT was too late. i chased the retest through DZ to enter
a better SHRT PSTN would be to wait for the retest to test a LH of daily downtrend. it would of reduced my risk
Lesson Learned - dont chase the stock. if the opportunity has passed. let it go
TLT Seemingly trading higher.TLT ETF seems to be in a good place to trade higher.
Fundamentals back the technicals which is a really sweet spot for this particular ETF with the 20yr TB's.
Expect a rise out of it over the coming weeks back to the previous highs and beyond but only look to "hodl" should price provide us with a bull breakout of the AP which is the previous weekly highs.
If price rejects the highs then we suggest staying clear until the breakout takes place on the proviso you would have already removed any potential risk exposure previously accumalated.
Bitcoin short-term Wyckoff analysis, will price re-test 50k ?This is a Bitcoin short-term Wyckoff analysis and just see it as a idea only.
NOT A FINANCIAL ADVICE !!
Here's a small accumulation range in 30m timeframe
In lower TF, price make HH and move in compression to take liquidity.
I'd like to see price testing Last Point of Support. LPS is also a un-test Demand.
If this level can hold, price will re-test above level like 50k.
Target is Quasimodo Level on above chart.
I'm waiting to see price action before enter my positions.
Do you like this BTCUSD trading idea?
If you find the article useful and interesting,
Please leave a comment or engage to see more posts !
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🔰 Attention about this analysis
This is my personal idea and analysis only.
Let's see it as an example or an education content.
You also need your own analysis as well and manage risks.
SPX500 price movement target are right ?"Trading is not gambling
It is the games against the system"
You have any hesitation above the chart
Have any glitch on the BATBTC days chart ? i hope traders can properly indentify my charting glitch !
SPX500 expectation is rights?
SPX500 mine own perspective so what's your opinion on the SPX500 price movement please comment in the below section .
What is next of CADCHF ?
You have any hesitation above the chart
Have any glitch on the nzdchf weeklieas chart ? i hope traders can properly indentify my charting glitch !
CADCHF will be gone moon !
#CADCHF Where will be arrived?
CADCHF BULL prive movement prediction ready i believe that .
CADCHF mine own perspective so what's your opinion on the nzdchf price movement please comment in the below section
PETR4 - Attack x Defense AnalysisAs a war game, there are base points to be defended by the owner.
Armies will fight to gain control of these points.
The stronger side takes the base point and attacks the next forward point.
The weak side just try to defend, back to the next base.
The points are the known resistances and supports.
Strength is measured by the result of each action.
Here comes Sun Tzu's knowledge in The Art of War.