NATURALGAS trade ideas
NATURALGAS - First Correction Of Bull MarketPrinting shallow here and this is likely a 0.382 correction to begin the bull market.
Trundling down the Supply Line it could print a shakeout and have a stab down but we don't really mind, this is DEEP DEEP here and one day we'll look back and think about when NATURALGAS was sub $3.
Think about it - energy is going up up up.
This could be a multi year or multi decade bottom 🚀.
Hopefully my clients enjoyed this one and now here it is for you guys at TradingView to enjoy!
Not advice.
Natural gas breaks resistance, ending retracement phaseNatural gas has finally broken through resistance today, with US gas pushing through the $2.762 resistance level to bring about a fresh one-month high. Elevated stockpiles in Europe have subdued calls for another winter spike in Europe despite the need to once again source product from around the world in the absence of Russian imports. Nonetheless, todays breakout does signal a potential upside push from here, with the recent decline bringing price into the 61.8% Fibonacci support level. That retracement now appears to be over, with further upside looking likely as a result. Towards the upside, a target around $3 makes sense as this also represents the March peak.
A decline through the recent low of $2.48 would be required to negate that bullish outlook.
Natural Gas LongNatural Gas forming a butterfly in 4 hours timeframe and price action confirms the long side view in NATURAL GAS. SL will Be below 2.3$.
natural gas longnatural gas forming a bullish butterfly pattern, hence on can plan with minimum sl but only after proper confirmation
#NatGas UpdateThis week, natural gas performed nearly perfectly. The wave count remains unchanged. Although I am still unsure about the ultimate shape of wave b, the scenario allows me to open cautious shorts. Of course, this is not advice. I look forward to the structure shaping the bottom and entering long positions into the winter.
Natural Gas May Test 2.3 During This MonthNatural Gas May Test 2.3 During This Month
After a big corrective pattern where the price spend many days finally we can see NG
moving down again.
NG had a long time that it was not holding very well the bullish volume and a bearish movement was again on the cards.
The price broke below 2.55 today and it is increasing the chances that it can move down further and if all goes fine it may test 2.3 price zone this month.
Thank you and Good Luck!
NatGas Bullish WedgeA bullish wedge pattern breakout, which coincides with rising trend line support, has confirmed wedge resistance as new support. At the same time, price has also confirmed rising trend line support for the second time. Both seem to point to more upside. I'm looking for a measured move based on the wedge pattern up to about 3.35.
NATGAS LONG TERM TRADEBUYINGHello Traders
In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
today NATGAS analysis 👆
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