NGCUSD 1H down trend and with Bearish Engulfing candleNatural gas is in bearish trend ( making Lowers Lows and Lower Highs), with strong hourly Bearish engulfing candle.
NATGAS trade ideas
NatGas Update Natural gas appears to be nearing the end of its correction before continuing its ascent into the end of the summer/earluy autumn.
Since wave 3 is shorter than wave 1, wave 5 must be shorter than wave 3 because the third wave cannot be the shortest.
Wave 4 can be done as an expanded flat (notice the rule with variation with wave 2). Also, we can expect a running triangle.
The bigger picture remains unchanged from the prior update.
NATTY developing a H&S We've seen NATTY with a similar but a larger set up prior to the huge bullish movement from 2020 to 2022.
I believe that we'll see a retest of the 2.400 area before making it's move higher.
Let me know what you think.
NATURAL GAS Analysis 13July2023if you look at the history that usually occurs, when you meet a curve pattern like this, the price will rise quite high.
#NatGas UpdateIt is possible that we are still working on the corrective structure [ x]. Wave b of (y) may also be incomplete, making the whole structure to take longer (perhaps the end of July).
NATURAL GAS Natural gas is creating a very complex scenario at this moment.
A critical price area is located near 2.68.
If the resistance zone will hold the price should move down again.
Natural Gas - BullishWith the current clima, demand for natural gas for AC-cooling, there is a good foundation for a bullish move in Natural Gas.
1. Lets see a move upwards to the 2.8
2. Maybe a slight pullback
3. And then the big move towards the 3-3.05 level
Also bakced by the fact that Buffet have bought into LNG so lets see if the trend can hold.
Good lucK!
Natural Gas: Both Scenarios Are Possible ...but...Natural Gas: Both Scenarios Are Possible ...but...
Natural gas is creating a very complex scenario at this moment showing that
both moves can be possible at this moment.
A critical price area is located near 2.68.
If the resistance zone will hold the price should move down again.
If the price will move above the pattern then it will follow the bullish scenario.
So it is a choice where you find yourself more.
I like more the bearish scenario.
Thank you and Good Luck!
NATURAL GAS BEARISH TREND IS ABOUT TO CONTINUEMy analysis for CAPITALCOM:NATURALGAS please BOOST and FOLLOW for more analysis and trading ideas
NatGas UpdatePreviously I mentioned that I had to pause trading in Natural Gas as the price action was uncertain from the Elliott Wave perspective without clear impulse waves up. Since then, the price has been moving within the boundaries of outlined complex scenarios of either - expanding or contracting leading diagonals. The price penetrated wave [ w] territory confirming my thinking. Once wave c of (y) of [ x] completes, I might risk opening new longs.
Nat GAS Analysis with Elliot WavesGAS has made a leading diagonal after finished its long downward correction
so we have an opportunity to take it long as long as prices never breaks 1.894 (start of wave 1) since it is a basic rule of Elliot waves principle to keep upward scenario stand.
we will watch the zones mentioned on the chart and any positive price action we can go for it.
Good Luck,
NATURAL GAS END OF CORRECTION AND TIME TO LET THE BULLS LOOSE!My analysis for CAPITALCOM:NATURALGAS for the week commencing 10/07/2023
Natural gas is at the low startNat gas is preparing for the rally, after having broken the upper line of a massive formation, and testing the 20-day moving average below.
Fundamentally, gas is in the injection period with a peak of consumption in summer, so it may develop a rally towards $4.
GAS dump finesseTrying to fine tune the system that tries to predict anticipate or manifest. Coincidences. Candlestick patterns, spikes or follow up paths around the shapes. This is just an experiment.
XNGUSD BUY Long Trade Active, Time to Buy NAT-GASMy Trade Setup
Buy on current price (2.6000)
Take Profit Targets
Target 1: 3.5
Target 2: 5.0
Target 3: 6.0
Greetings, fellow traders!
I would like to share a long trade setup on NAT-Gas that has the potential for high profitability, an opportunity not to be overlooked. NAT-GAS prices have been steadily declining over the past nine months, indicating a strong bearish trend. However, it appears that this downward trend is coming to an end, and we can expect prices to rise in the months of July, August, and September. Both technical analysis and fundamental factors support a long buy setup for NAT-Gas.
Technical Analysis:
From a technical perspective, XNGUSD has found support in the 2.1000 area, leading to a rebound that is reinforcing the bullish momentum in prices. Indicators in the monthly timeframe have become highly oversold, further supporting a bullish price action. Additionally, NAT-Gas prices are currently trading above the 50-day Exponential Moving Average (EMA), suggesting a change in trend from downward to upward. The first major hurdle to overcome is the resistance area of 3-3.5. If the price manages to stay above 3.5 and a weekly candle closes above that level, it will indicate further upward movement, potentially driving prices towards the psychological mark of 5.00.
Fundamental Analysis:
In terms of fundamental analysis, there are several factors at play. NAT-Gas inventories are expected to decrease by 4 BCF, a figure larger than the five-year average. Moreover, maintenance activities at key LNG plants have resulted in a 10% decrease in US LNG exports for the month of June. European gas demand has also experienced a decline in the final week of June due to scheduled maintenance at plants. However, analysts anticipate an increase in LNG exports this quarter as maintenance activities conclude. The shift in gas supply from Russia to the United States in Europe is expected to stimulate prices, leading to the opening of many long trades. Additionally, the 50-day EMA indicates growing support, and traders are expected to become more active this month in order to secure substantial profits within a short period of time.
The increase in gas flow to LNG export plants, coupled with a positive demand outlook, is boosting NAT-GAS prices. In Texas, power usage has remained high and even reached record levels during the recent heatwave, consequently driving up gas consumption for electricity generation. The forecast predicts hot weather in the southern, western, and eastern parts of the US from 3-9 July. As temperatures rise, analysts anticipate an increase in US gas demand, including exports. In June, US exports to Mexico saw an average increase of 6.6 Bcf/d. All these factors combined contribute to the bullish price momentum of NAT-Gas.
Best wishes, and may you be rewarded with significant profits!
Natural Gas - Strong Bullish SignSince 1th June NG is in a double ascending chanel, and we saw rejection when price touched 4H MA100, confirming the bullish trend.
On MACD side, when bottoming buyer and seller fight below positive, now it is near neutral to positive.
The trend is formingNatgas is forming trend change or a bigger correction .I am still leaning bullish.RSI on HT bullish.
Natural gas-head and shoulders patternClear bearish head and shoulders pattern for natural gas. The head and shoulders is a reversal pattern that can indicate a potential trend reversal from bullish to bearish. The pattern consists of three peaks, with the central peak being higher than the other two, resembling the shape of a head and two shoulders.
In the context of natural gas trading, the head and shoulders pattern typically forms during a prolonged uptrend, indicating a potential exhaustion of buying pressure and a shift towards selling pressure. The first peak represents the left shoulder and is formed as the price reaches a local high. This is followed by a retracement or pullback, where the price temporarily declines.
NATGAS POTENTIAL BUY PEPPERSTONE:NATGAS
Watching NATGAS bouncing at a wonderful support level.
Let's see if it break the trendline to confirm bullish flag break for a nice buy.
Plan
#Watching Closing
