NG1! Expected Growth! BUY!
My dear friends,
NG1! looks like it will make a good move, and here are the details:
The asset is approaching an important pivot point 2.228
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 2.366
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
TFN1! trade ideas
NG1! LONG FROM SUPPORT
Hello,Friends!
We are going long on the NG1! with the target of 2.461 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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NATGAS Will Keep Falling! Sell!
Hello,Traders!
NATGAS is trading in a
Downtrend and the pair
Has formed a bearish flag
Pattern so now that we are
Seeing a bearish breakout
I think that the price
Will go further down
Sell!
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$BOIL #NG Buy the dipI've been bullish and trading natural gas (BOIL EQT RRC) for a while now and recently sold on the last pump to 2.6
I'm reloading now, as I'm looking at a few things technically I like
-Price appears to have found support on a flattening 20DMA , and will next watch to see if we start trending up
- The low in May was higher than April , and almost forming a rounded base if we can sustain higher than May's low , it will be a good sign
- Strong support at 2 putting in a triple bottom now - even if we go lower, in the longer term as long as we stay above 2 , your entry of say 2.15 won't really matter when we're at 5 !
- EQT and RRC are both flagging and keeping their gains so far, looking for more upside , which of course depends on NG but is providing bullish confluence .
QG1!5.23.23 I finished the Palladium on this video and then I moved over to The Natural Gas market....And I ran out of time... so I will do a quick video after this because the natural gas has volatility and that's the kind of market that can develop good trades for us so we don't want to take the money and run if the market has volatility.... which means there's more opportunity As a buyer or a seller for careful.
May 21,23-NG-Will NG hit 2.7?Will NG go up this week to 2.7?? Let me know your thoughts. I'm on the fence...I think I will put my TP at 2.6 and be satisfied with that.
I have placed my Stop Loss at 2.4 (the green line) so I will only profit 100 points or so if it gets hit, but better than nada right? :-o
Let me know what you think.
Stay safe all.
Heiko
Bobby's Homework Assignment5.20.23 This is a very good video to look at..... we are looking at natural Gas Which should be fairly easy to trade if you knew how to use the tools that we look at. This is a market you should plot out on your own software... and make sure you understand the thinking around this. Unfortunately, there are a couple minor slips of the tongue which goes along with the territory when I produce Videos, but you should know what they are and how to compensate.
NG - Freedom from FearLately, natural gas has gone up in value a bit despite declining in value almost continuously for the past six months. This has people wondering whether or not there is further upside.
It is important to remember that most of the natural gas volume is from institutional traders of whatever type, but retail does have a part in the market as well.
As soon as a few months ago, things were different from the retail trader/investor point of view. People were much more eager to go long on natural gas because of how far it had fallen. It certainly looked as if it was ripe for a harsh oversold bounce.
However, in late Feb-early March, the only bounce that ever happened at all was preceded by a steep drop and ended with a weekend bull trap, which was not exactly the easiest move to take advantage of.
This was followed by a slower decline that ate away at ETF values in particular. Not only that, but contract contango has made it difficult to go long on natural gas.
Since then, it has consolidated in some sort of roughly defined range only to sharply rise in the past week.
My theory is that anyone who actually dared to go long on natural gas, particularly during the Jan-Feb era where it still had room to fall, got to see firsthand how natural gas refused to bounce. The retail sentiment is now much more hopeless and focused on taking whatever profit there is.
Memories of the weekend trap in March have now contributed to retail taking money off the table instead. They are now afraid to go long because of how sad the price action has been. It doesn't look like anyone truly believes there will be a real bounce (like they did a few months ago)
The actual point
A lot of that was mostly just anecdotal evidence and focus on retail traders, who are just a tiny portion of the market.
The reason to not go long here is, at its core, fear of natural gas just going down as it has done very consistently for the past six months. It is probably at least a somewhat good idea to not pay attention to that fear and instead trade based on technicals and fundamental stuff.
The fact is that there has not been a real Fibonacci retracement since December. As you can see on the chart, even the Feb-March bounce did not reach even the lowest target. This is not just something that happens!
The most recent & comparable example I could find is from July '08 to Sept '09, where natural gas did manage to decline about 82% without ever hitting a Fibonacci target. You can somewhat justify this move by saying that it basically had gone up in a straight line in the first half of 2008.
The end result, though, was that it literally doubled in value (from $2.5) in the span of a month.
Even the 2022 market was different from 2008. In 2008, it had essentially been straight up then straight down. 2022's market was much more choppy and even set a late June low at $5.5, far below the $8 to $9 peaks it had set. It then consolidated for four months near the $6 mark.
For anything that doesn't go bankrupt, or anything where the fundamentals are truly, completely changed, there will basically always be some sort of bounce or rebalancing that takes place after a big move. It might take some time, but that is just how it is in the markets.
We have not had this bounce. Right now, there is a lot of fear to go around and it seems like no one believes that natural gas will actually reach any sort of high point again.
Maybe natural gas will, in fact, go lower, but the upside afterwards only grows the longer it is put off.
May 18,23-NG-Finally Up Up and away?Did anyone put in a Buy Order at 2? or 2.1?
You can finally see two weeks in a row of Bullish price movement!! Finally!
You can also see price actually passed the green Alligator line which is a bullish sign - just hoping it closes tomorrow ABOVE this line. Then hopfully al good next week.
But who knows - next week is next week. AnyHOOO
Hope all is well with everyone - sorry for a lack of posts recently but there has been nothing but sideways action, until now.
Stay safe !!
Heiko