Natural Gas (XNGUSD) forum
NATURALGAS Seemed easy to enter long at 3.11$ today, but if it goes down to same level, sell sell sell
NATURALGAS is bearish at 4h with price currently retracing upwards from the recent swing low and making a swing high at 15m. We have support at 2.93-3.01 and strong resistance at 3.55-3.95. Purely based on current sentiment considering oscillators, retracements and markets structure at 1w, 4h, 15m I expect to see some retracement tomorrow near 3.12-3.14 with a further upward move IF report is bullish and price retesting the previous broken support area 3.31-3.37 before further downtrend continuation. If report does not meet the expectations then most likely price will keep going downhill, breaking below the recent swing low at 3.07 without first retesting the highs.
NATURALGAS Here's an update. If it now continues to drop, both man and machine will triumph.
NATURALGAS Here's what happens when I ignore the system and go short instead. Shame on me for not being robotic.
NATGASUSD oops.. entered short. . . may have been a bit early. I'm looking at inverse h+s on 15m got to try out these patterns at some point after waiting for a pullback that never came for the last 2 days.
NATGAS Hey guys, I've been told I can no longer post "insider" daily natgas information.I'm just trying to figure out what's next, I might need to make a private community or something for sharing any further info
Problem is the information is proprietary to big firms. It's not really meant for the average person to easily access.
Unless you're willing to pay the thousands I do for the info, it can't be public, only private.
NATGAS Probably a slight relief rally, short covering and accounting for tomorrow extremely bullish expected report, but don't be fooled.Production is at 104bcf today.
Exports are 14.6bcf.
Demand including exports is 120bcf, down again from yesterday's 135bcf.
Still shorting the rallies is right in my opinion.
NATGAS no significant movement today yet ↕️.