NG1 // XNGUSD Natural gas is moving in an upward direction
And it will continue to rise until it reaches the price of 4 dollars
Xngusd
The diagonal pattern in the range of $ 3.08
( Daily Chart )
In the daily chart, the first 5 ascending waves have ended in the range of $ 3.40 and the price has entered the corrective phase of this uptrend.
Note that this is one of the most likely scenarios.
The first corrective wave is finished around $ 2.25 (a wave a) and the corrective movement of this wave is around $ 3.08 in accordance with the RSI.
In the 240-minute chart, you can see the structure of the sub-waves, and in the 60-minute chart the price is currently in the first descending trend, which could fall to the short-term target of $ 2.53.
Very important notes:
The long-term target for natural gas (XNG), as has been shown in the daily chart is in the $ 1.92 range, which is the overlapping point of the two Fibonacci ratios.
- The trend line drawn in the 240-minute chart is very important and the price should be fixed below this range to confirm this scenario.
NATURAL GAS DAILYNATURAL GAS daily trend line breakout and retest. I think it is a good opportunity for long position.
NATGAS XNGUSD SELL LIMIT ORDER expecting some manipulations so if the price doesnt hit until tuesday i will cancel the sell limit but generally a good supply zone you may wanna keep it
NATURAL GAS XNGUSD Trend ContinuationTrading method: RSADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones.
UNGUSD
Technical Outlook
To open SHORT positions for XNGUSD , it is required:
In this situation we are now waiting for Awesome Osci to go into NEGATIVE territory alongside of our other system indicators to confirm trade entry confirmation for movement to the downside and but if the market trend begins to range this signal will become invalid. Market execution for entry, confirmation will be required for entry. The market enviroment is still ranging but we will monitor the activity of our negative readings until signal is in the appropriate conditions.
Risk Description: Once signal is confirmed 140 pips will be up for grab with small risk SL at swing high. The 2 previous signal on this pair was 231 pips since NOV 15/2017 to current date. We have seen quite a bear run this pair in november and we are now looking to capture for the bears to another wave to the downside to continue this trend.
Profit expectations: 7 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Current Dynamic S/R Levels:
Swing high: 3.10
Swing Low: 2.96
