NG trade ideas
natural gas long positionHi All,
Am still convinced that Natural Gas still in A,B,C correction of wave 4 of big C, and we still have 5 waves to go, I tried to explain every thing on the chart, please let me know of you have any comment.
good luck for all.
Nidal Khalid.
NATURALGAS LONG IDEA (SHORT - MID TERM)Idea: Long around 2.46 - 2.56 (RR Ratio 2+)
Reason: Rebounded off key support 2.4+ area, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Downward channel breakout, retest of previous supply zone 2.54 area
TP: Based on key resistance/ support level
SL: Below next resistance/ support level 2.35
Key targets (Short-mid term): 2.6, 2.65, 2.69, 2.71, 2.74, 2.77, 2.8, 2.84, 2.87, 2.92, 2.98, 3.0, 3.05, 3.09, 3.12
Natural GAS START MOVING UP.The trend line decline i expect the upward movement to approach the resistence line i expect a corrective and it will continue upwar movement.
NATGAS Long on 1h closewww.tradingview.com
took a NATGAS long on confirmation of the 1h close. Used a breaker block, SFP, and OTE to get an entry. TP 1 will be Thursday's high but I'll reassess when we're back there.
NATGAS-4HIn the four-hour time frame, natural gas was in a downward trend, and with the breaking of this lime trend, it has started its upward wave towards the resistance range of $4. If this resistance is broken, natural gas can rise up to 4.47.
Dead-cat bounce in NatGas??Trade Idea: Selling NatGasUSD
Reasoning: Hanging man candle posted on the daily chart. Elliott wave 5th and final wave potentially complete looking for ABC correction. Stalling at previous swing high. Potential to sell into major downtrend.
Entry Level: 2.738
Take Profit Level: 2.600
Stop Loss: 2.800
Risk/Reward: 2.23:1
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Pivotal day as NG challenges 4 month downtrendNatural Gas is challenging 2.80 level which offers an area of resistance from 4 month downtrend started on Nov 23rd 2022.
Natural Gas gaining momentumThe rally continues, what's next for Natural Gas?
Massive long term reversal signals on watch.
Recap of my trade for todaygood evening and good afternoon american traders, at the morning I posted to sell natural gas and after few candles it turned out to be bullish, I took that whole up trend and I didn't post it since people I give signals to privately didn't like it to be shared, I kept it for us and we touched some good profits for today on NATURALGAS and CRUDE OIL, for the one I posted abou ZB we closed with some minor losses.
Well, on the chart you can notice I drawn some supps and resists, those came from a tool I can't share with the public since it's one of the most important things I follow on my strategy. The 1st arrow on the left signifies the point we got in as sellers after pulling back on the resistance line and getting the confirmation with the red candle, the 2nd one was the point we reversed our position to catch the up trend after having the squeeze configuration and the pullback on the support line. The 3rd arrow signifies the moment we added the 2nd contract and the last one is where we closed after having the squeeze again and the pulling back on the resistance line.
You can notice that I don't use TP since you get small profits while you can make big ones.
In case you got any question don't hestate to ask and I'll be answering with pleasure
NATGASNATGAS have started its move upward, and slowly gaining momentum. BUYing some prior to major breakout.
NatGas Cup and Handle in the making?On my first public analysis, I suggested that NatGas would reach its 2.66 resistance before any profit taking that could bring it back to its 2.42 support zone. Now that the first target is reached, and considering the strenght/speed at which it got there, I am leaning to the idea that we'll have a cup and handle and not another reverse H&S forming. Therefore, 2.54 is the new support I check. The 2.66 resistance could even be turned as a resistance without a pullback. If it hold, then 3.01 becomes possible short term. Remember that NatGas is usually bullish from March to May. Considering recent behavior of the price, and despite our overall warm winter, we are now getting ready for summer months.
NATURALGAS: 3 White Soldiers at Bullish Shark PCZAt the start of the year Natural Gas had a potential Bullish Shark setup at the minimum .886 PCZ and it ultimately failed to pivot from there but now we are significantly lower at the 1.13/1.618 Confluence zone of this Shark and are showing Bullish Divergence on the MACD as well as a 3 White Soldiers pattern on the daily. The bullish Target for Natural Gas remains to be $4.5 but it could go as high as $9.00. As for stops i'd put it below the second candle of the 3 White Soldiers Pattern which should be below the PCZ.
SELL NATURALGASGood morning traders, today were riding short on NATURALGAS since it touched the resistance line on the top, for me and the persons I work with privately we got in the candle I put an arrow on after getting the confirmation of the pullback, now after crossing the vwap which plays a strong support/resistance in the system I follow we added another contract and said why not to share it with you so you too can make some profits
I don't use TP and SL, set them at your own risk
In case you got any questions don't hesitate to ask.
NATURALGAS/ TIME TO BUY ? TP 4.20 USDHi,
On this year we had 85% of the decline in gas prices.
Now is time to buy.
Us target is Gap on 4.20-4.35 USD .
TP 1 : 3.70 USD
TP2 : 4.20 USD
Good Luck !
Natural Gas: The New Luxury ItemMy analysis for the Natural Gas chart on an all-time scale leads me to believe that we will never see NGAS at such low prices, ever again in our lifetime. The comfort provided by this natural resource is in a paradigm shifting phase and soon to become a luxury.
natgas short trade soonnatgas its about to reach the OB . we can go for short after conformation , like real choch on LTF
NATURAL GAS: Finding the Bottom?Folks,
Natural Gas is trying to make a bottom. A confirmation is possible only if it starts to trade above the levels I have marked.
I would prefer to work around my trade using the range defined.
Any major upside or downside is beyond this range.
All the best!
- Knight Kumar
Natural Gas long setup There is a possibility of a bullish wave
I cannot be certain that it will be an impulse wave that ends at levels of 13 USD, but it is certain that it will be fast until levels from 6.5 to 8 USD.
my long setup in the chart
good luck !
💨 $NATGAS UPDATE⤑ NATGAS found strong support around the key support zone as detailed in my previous post (see related idea)
⤑ The strong weekly performance points to a change of behaviour by market participants.
⤑ The change of behaviour does NOT automatically mean that there is a TREND CHANGE. This is only the first step required for a TREND CHANGE to occur.
⤑ At this time, it is the first sign that the "status quo" bear market condition has "stopped" for an unknown period of time. It may be only act as a temporary PAUSE prior to a resumption of the bear market.
⤑ In the immediate term (next couple of weeks), I would expect prices to reverse higher as there is strong upward momentum. Afterwhich the price may drop once more to re-test the support zone. The price action resulting from the re-test (if any) will guide us further to where prices may move in the longer term.
MrStocky
