TFM1! trade ideas
I love Nat Gas futuresI hope you enjoy this one. I hope it doesn't disappoint. Assuming the future is already known and the drawings are inspired by the future, will the result of this exercise disappoint? If it doesn't disappoint, and it is interesting, what other explanation can there be for this phenomenon? Big Algos controlling the markets? Future already simulated with supercomputers? Then how am I able to draw these charts without any help from external information?
After writing this description I changed my mind. I hope it disappoints. :)
NatGas Gold Silver Forecast | QQQ Market Analysis- Natural Gas stock slight red flag today
- Natural Gas NatGas bull break above resistance today with no bull follow through and came below the resistance.
- Gold & Silver Stock Falling Wedge Guide.
- Silver is outperforming Gold and if silver weakens more Gold would likely break bearish through the falling wedge.
- QQQ needs to confirm a hourly downtrend before we can have more confidence that the daily lower high is set. So far bulls played defense and we are still in a hourly uptrend.
NG1! Is Going Up! Long!
Here is our detailed technical review for NG1!.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2.779.
Considering the today's price action, probabilities will be high to see a movement to 2.867.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Summer Heat expected to uptick energy demand-good for nat gasHot days mean more Air conditioning, which is good for natural gas since its 40% of electricity generation.
The Nat gas chart has been in a down trend since losing support in fall of 2022.
Will the chart turn directions? Currently its trying to begin higher highs.
NG1! Expected Growth! BUY!
My dear followers ,
I analysed this chart on NG1!, and concluded the following:
The instrument tests an important psychological level 2.731
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Target - 2.857
Safe Stop Loss - 2.661
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
Question:What is more profitable longing the strongest market ortrading concepts that can not be automated?
as interessting as ICT concepts sound price always always always
has a 50% or 61,8% level or a fair value gap or a
BPR = balanced price range =
a bearish and bullish FVG
(fair value gap) overlapping
but does price most of the time re-act on these levels?
NO!!! only sometimes
so why not simply go long on the opening bar with a low risk and exit at the end of the session
or trade market structure changes on the 3 min NQ
most of the times its the simple (automated) things that perform better in the long run...
NGAS - SHORT SCENARIOLast week, fuel inventories in storage rose by 95 billion cubic feet (bcf), surpassing analyst forecasts. Gas futures initially dropped but rebounded by the end of the week. The market expects increased cooling demand in the coming weeks as summer temperatures rise. Gas futures on the Henry Hub are heading for their best month since August. However, the storage build exceeded last year's levels and the five-year average. Total gas in underground storage in the US is significantly higher than last year and the five-year average.
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NATURAL GAS: Short term Sell opportunityNatural Gas got supported on the 4H MA50 yesterday but the rebound seems to be running out of steam. The R1 at 2.697 is so far a Double Top and as the 4H RSI is forming the same bearish pattern as in late May while the 1D technicals are losing strength (RSI = 59.608, MACD = 0.079, ADX = 32.120), we are shorting NG targeting the HL trendline (TP = 2.300).
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Decision day for NGSince NG land on VAH of last bigger sell and additional on a nice loaded value loaded M30 candle we may see a rotation day as fight between sellers and buyers.
However if buy will show strength and lift above 2.50 we may see some run up.
Sell must push below 2.49
so waiting to see the action.
on fundamentals: still some work on LNG terminals in USA, a bit colder weather in TX, hot in Europ, still works on Norway
NATGAS Bearish Correction! Sell!
Hello,Traders!
NATGAS was trading in an
Uptrend but then hit a strong
Horizontal resistance of 2.683$
While trading in a bearish wedge
Pattern from where the
Price made a nice bearish
Breakout so I think that
Natgas will go down
Sell!
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NG further up with a possible rotation NG is pushing further up. Friday a normal day with some P volume type indication due to open rejection reverse cash session.
NG is in area of single prints built in May (see link below)
We are close to a volume loaded level of 2.693 so we may see fight between sellers, who pressed below buy VPOC and buyers who would like to be back above it.
So next day or days will show if sellers are still there and if they have enough power left.
why not a scenario to open with a gap up to around 2.693 :)
app.screencast.com
NG close to 2.7 area where we may see sellers quitting positions. So 3 ideas for trade:
1. just StopLos covering and this will be with a fire above 2.7 and in case of no continuation we get sell down
2. Liquidation of stops above 2.7 in fast way or with some rotation but in that case we should keep 2.693
3. rotation in range 2.565 to 2.636