NATGAS Actually this is quite something. Next week looks promising.Natural Gas (XNGUSD) forum
NATGAS Actually this is quite something. Next week looks promising.
NATURALGAS Todays whole price action has proved beyond doubt that this market is fully controlled and does not trade according to factual data.
NATURALGAS I'm monitoring the area around 4.24-4.30 for possible short correction. This area so far has acted as a resistance in the 4h chart and price got rejected multiple times from here. We had a swing high today but price made a lower high at 4h compared to the previous swing high of 31 March. So far we have uptrend based on the technical indicators across all timeframes but the market structure for 4h is mixed with price making lower highs so far.
For a short I need to see a clear rejection from 4.24-4.30 with bearish divergence or a breakdown of the most recent swing low at 4.15 with volume spike.
For a long continuation I need to see a breakout above 4.30 and then a test and hold of that area.
Good luck everyone!
NATURALGAS it will be in up trend only if it breaks 3.72 we can see a momentum change
NATURALGAS feeling bad for shorters they try but fail
NATGAS storage +37 BCF but still it is rising. Here is my explanation how Natgas can go above $5. Trump is focused on reducing trade defecit against many countries. He will reduce the tariff only when they reduce the trade defecit by buying more from USA. US Oil and gas export will boom as many country will prefer to buy these resources. The growing export demand will rise US OIL and gas.NATURALGAS everything is down why this is up
NGAS Oil is cheap, coal is cheap, who wants to use this bottled fart fuel at 4.
NATURALGAS so its bearish and we go up love when things aren't off fundamentals anymore
so is it berish, 2B more ?