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.
NGAS trade ideas
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
Natural Gas - Ready for a bounceNatural Gas at support after a brutal multi month decline.
Not calling the bottom as it is not at extreme support, but price looks poised for a decent up move from here.
Natural Gas - RSI Low to Price LowThis chart shows the number of weeks between a low on the RSI for #natgas and the low in price. 2019/2020 period is omitted due to the unusual effects of pandemic and lockdowns on markets.
RSI Bottom to Price Bottom
2001 - 13 weeks
2009 - 26 weeks
2012 - 12 weeks
2016 - 13 weeks
Average = 16 weeks
Bottomed In Month
2001 - September
2009 - September
2012 - April
2016 - March
Conclusion of my trade on NATURALGASGood afternoon traders, at the morning I shared with you a trade on NATURALGAS, thanks to god the guys I give signals to privately and I could make a good profit on NASDAQ and NATURALGAS for today. As you can see on the chart we bought lower as possible after getting a signal to buy with the little candle I put an arrow on on the left. The other arrows signify candles we added positions at to finish the day with 4 contracts in total which was good for us. The reason why we close is 1st we reached twice our target, 2nd is the price pulled on the resistance line twice and that's a signal to close.
I'm being this clear in my tutorials so it can be easy for people who are still learning to trade to understand.
In case you got questions don't hesitate to ask and I'll be answering with pleasure
$NATGASWe are entering what is traditionnaly the bull season for NatGas prices, and this week moves suggest that the bottom is in. Not only did $NatGas moved out of its descending corridor, but it managed to get back into its consolidation zone. Considering seasonality and the possibility of some short covering, I personnaly expect a sharp rise that will bring us above last week resistance. Not to mention that we got a nice reverse head and shoulder here, with higher highs and higher lows.
(W) Multiple patterns completed for NGASNGAS
The symmetrical abcd pattern was completed at 2.49 and the bullish shark pattern was forged at the golden fib extension a couple of points($) below at 2.44.
Both patterns suggest a bounce that could send ngas trading back to $5, which is equivalent to a move of 100% or 25k points above the current price.
We have new fractal support at 1.96 - just below the 200% fib extension - the default target for the head and shoulders pattern printed above.
Natural Gas- Killing the BullsFrom our previous post, linked in description, we counted Natgas to be in wave iii of C, keeping extending to the downside as long as retailers bottom fishing in mass. We believe that Natgas will provide a beautiful long opportunity, but only once retailers will be shaken out. Price bounced from our support, but created lower highs in a triangle.
We are sort from @2.628 stop loss @2.7 risk 0.5%. Targeting a lower low in the 2.2-2.3 area.
Best
GMR
BUY NATURALGASGood morning traders, I managed to start again sharing with you one of the trades I make every day since I trade multiple markets. The one I'm sharing with you today is on NATURALGAS.
As you can see on the chart the system I follow gave me the entry point with the little candle I put the arrow at, to make things fair I gave the entry to the guys I work with first and after 15 min I share it with you. I'd you have any questions don't hesitate to ask.
TP and SL set them at your own risk
Natural Gas possible BuyHi! Just my idea. Not a financial advise.
I have seen multiple ideas from 44 and above saying natural gas would go up!
Unfortunately the fundamentals do not support it. There is a lot of reserve with the US at the moment and no demand for Gas due to not so cold temperatures
As per the levels I think 1.90 will hold and we can see a bounce.
Please see the levels as denoted in the chart.
Trade with care!
NaturalGas is a BUY from here on!Let’s try a BUY - guess the bottom‘s in?!
After all, the ultra-longterm downtrend was broken…
Is Natural Gas at the bottom?!I use a momentum indicator set at 14 day period with a 14 day MA and have been watching this slowly build. I also use a 11SMA and 5EMA and these are now closer but yet to cross. Momentum is now close to positive territory and price is sitting on weekly support. So perhaps a low risk LONG trade is on the cards. What do you think?
NATGAS - Bear rally ahead?
To be monitored a break of the breakout to long towards 1.272
Hold my beer pls
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No financial advice, do your own research, don't be stupid
SELL NATURALGASHey traders, I want to share with you this trade I got in earlier at the point I sat the arrow at after pulling back on the resistance line, now since I added another contract I want to share it with you so you can still make some profit.
SL and TP set them at your own risk
In case you got questons about how I work don't hesitate to ask
Flag?I would say its a flag. What do you think ??????????????????????????????????????????????????????????????????????????????
Waiting Until gas come to demand area of monthly support dont go for agressive buy. If money is not imp for you then you can buy. If not dont buy. Just wait the market to come in our zone. You can short or stay neutral.
BearishMarket will not move higher . This move is just the move of retail players because there is no volume in this candle. So market is sure to fall down.
Natural GasTechnically this seems like at least a temporary bottom.
Also Dollar has been strong recently and is showing signs it will retrace soon which should in theory help risk on assets like NG.
