NATURALGAS - BEARISH Trend/ D cup formation confirmed?NATURALGAS – Weekly Update
Timeframe: 1HR | Symbol: NATURALGAS1! (MCX)
Pattern : D Cup Formation Completed
Natural Gas has formed a textbook "D Cup" pattern, indicating a rounded top reversal structure. After a parabolic rise in late April, prices have gradually given up gains, confirming the pat
NG1!: Next Move Is Down! Short!
My dear friends,
Today we will analyse NG1! together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 3.307 Therefore, a strong bearish reaction here could determine the next move down.We will watch for a confirmation candle, and then target the
NG1!: Move Down Expected! Short!
My dear friends,
Today we will analyse NG1! together☺️
The market is at an inflection zone and price has now reached an area around 3.473 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move down so we
NG1! BEARS ARE STRONG HERE|SHORT
NG1! SIGNAL
Trade Direction: short
Entry Level: 3.790
Target Level: 3.302
Stop Loss: 4.116
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅L
NATGAS LOCAL SHORT|
✅NATGAS has retested a key resistance level of 3.50$
And as the pair is already making a bearish pullback
A move down to retest the demand level below at 3.30$ is likely
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and r
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
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Frequently Asked Questions
The current price of UK NBP Natural Gas Futures is 66.86 GBX — it has risen 0.07% in the past 24 hours. Watch UK NBP Natural Gas Futures price in more detail on the chart.
The volume of UK NBP Natural Gas Futures is 5.00. Track more important stats on the UK NBP Natural Gas Futures chart.
The nearest expiration date for UK NBP Natural Gas Futures is Mar 28, 2029.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell UK NBP Natural Gas Futures before Mar 28, 2029.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For UK NBP Natural Gas Futures this number is 75.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for UK NBP Natural Gas Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for UK NBP Natural Gas Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of UK NBP Natural Gas Futures technicals for a more comprehensive analysis.