Natural Gas (XNGUSD) Buy Trade Idea Natural Gas (XNGUSD) Buy Trade Idea
The overall price is open in the bearish gap from 2.9500 to 2.71620 in the demand zone.
The trade setup should include the following:
Natural Gas Buying Zone: 2.7150 to 2.7750
Stop Loss: 2.6550
Take Profit1: 2.8250
Take Profit2: 2.8850
Take Profit3: 2.9850
Take Profit4: 3.1000
Must follow the money managements plan.
NATURALGASCFD trade ideas
Still Bearish on NATGASLet's be honest: NATGAS can be quite a challenge.
In our recent analyses, we initially adopted a bullish stance, which proved accurate. However, a switch to the short side of the market turned out to be a misfire. Honesty is crucial, even in trading.
Nevertheless, we are not abandoning our bearish outlook. The lower gap is likely to serve as a compelling target.
The presented trading idea, targeting this gap, presents an attractive Risk-Reward Ratio (RRR) of slightly over 2.1:1.
NATURAL GAS accumulation idea realized since September 7We are currently hitting 50WMA and 200DMA.The price is located from the zone I set -78%(from this chart) from ATH. Of course if 1.7 is still in circulation.
All this requires the weekly candlestick to close above to receive one of the confirmations for further growth.
Of course if 1.7 is still in circulation.
Below you can see the analysis since September
Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count
Natural Gas - the market seems to be forming ending diagonal on C of Wave 4 and we can see a decline to wave 5 soon.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading
CAPITALCOM:NATURALGAS AMEX:UNG MCX:NATURALGAS1! PEPPERSTONE:NATGAS MOEX:NG1! FXOPEN:XNGUSD FOREXCOM:NATURALGASCFD
Naturalgas - Elliott Wave CountNaturalgas - Elliott Wave Count
Naturalgas - the market looks like in Triangle B and after the correction up to 2.34 or below level we can see a good pullback towards 2.78 range.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading
MOEX:NG1! MCX:NATURALGAS1! CAPITALCOM:NATURALGAS FOREXCOM:NATURALGASCFD FOREXCOM:NATURALGASCFD CITYINDEX:NATURALGASCFD
Natural Gas: A Bearish Move Could Happen SoonNatural Gas: A Bearish Move Could Happen Soon
Price is forming a sort of "wedge pattern" before moving lower.
The pattern looks really good, but it needs to be developed more because it is not ready yet.
On the other hand, OPEC is speculating a lot about the price, making everything more difficult and we must be careful.
If the price reaches 2.4 again, it will increase the chances of a bigger, bearish wave.
You can find more details in the chart!
Thanks and good luck!
New Lows in NATGAS IncomingIn the past week, we introduced a long idea for NATGAS. Those who entered the position have been able to realize a gain of more than 6%.
While we initially anticipated prices well above 3,000, we have since abandoned that target and are now leaning towards the short side. The rationale behind this shift lies in the inability of the price to breach bearish order blocks and establish an upward trend.
On the fundamental front, the winter remains exceptionally mild, leading to a decline in NATGAS demand.
Considering seasonality as well, we anticipate that the price of NATGAS will trend towards the lows observed in April 2023.
NATGAS will Turn Bullish SoonThe weakness in the NATGAS (natural gas) price has surprised many analysts, including ourselves, to be honest.
Nevertheless, we anticipate that the natural gas price is currently undergoing an extended bottoming phase, and a near-term increase can be expected.
While targets beyond 4,000 may be overly ambitious, the range around 3,280 seems at least achievable in the medium term.
NATGAS Bullish Breakout! Buy!
Hello,Traders!
NATGAS is going up now
And we are seeing a
Bullish breakout of the
Key horizontal level
Of 2.486 and the breakout
Is confirmed so I think
That we will see a further
Move up after the market opens
Buy!
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