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Natural Gas (NGS) / US DollarNatural Gas (NGS) / US DollarNatural Gas (NGS) / US Dollar

Natural Gas (NGS) / US Dollar

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NGSUSD trade ideas

NATGAS ContraContrarian scenario where this actually deserves or gets a little bit more of a push above, unless we are in just another correction formation. For the long setup to hold and to be considered, a bounce from a curve needs to happen with a precise candlestick setup right at one of the curves, for example where the green circle is, bouncing from the white curve and continuing on the green path towards the red. All curves are potential support and resistance formations, projected in time, but the price might just hold on to them in magnet mode creating a wave along one of them. I have been playing around with this concept, with forward testing instead of back-testing, so it will be interesting to see how this project unfolds. (/anyone interested in those experiments can check the tube or X). If the bullish sentiment does not hold, and the curves are broken below, a shorting opportunity might appear, with a bounce on the flip from any of the curves, example highlighted in the scenario with the purple path.
CAPITALCOM:NATURALGASLong
by nen
4
Natgas UpdateAnswering requests and attempting to make the analysis more useful, I begin providing boxes instead of specific structures where there is no certainty about the shape of the incoming wave (on top of the uncertainty that I am incorrect about the course of action). I'm doing this to create a product that will meet your needs, and to avoid giving a false confidence about where the price may go next. Please leave a comment if you have any suggestions for additions. Perhaps a link to a library of possible wave shapes?
OANDA:NATGASUSD
by Fomenka
Bullish Outlook: UNG Prices Surge Amidst Anticipation of Record In the wake of widespread winter weather last week, the volatile natural gas futures front month, specifically the expiring February contracts for UNG, are witnessing a robust uptick. Traders are eagerly anticipating a potentially record-breaking storage withdrawal, adding fuel to the bullish sentiment. The market's sharp rebound in early trading on Thursday reflects the optimism surrounding the impending storage pull, setting the stage for a significant uptrend in UNG prices. Investors are closely monitoring the situation, poised for potential gains in the midst of evolving market dynamics.
NLong
by Maximus20000
3
Sharp correction patternDear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market. I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions. The first analysis is Litecoin In the attachment, you will find my previous analysis of the same market, so you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily). I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished. Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely,
SKILLING:NATGASLong
by mehdi47abbasi79
4
Natural gas short, short term, then bullish longterm. Looking at a cycle analysis and elliot wave pattern it looks like the natural gas is going to go down in a wave 5 during february and mars. Looking at the cycle analisys and at the fib levels it also adds up. I think that the biggest players wants to grab as much liquidity as possible before entering long again, and is therefore pushing down the prices. If you look at the volume it also looks like that. The winter was warmer than expected and it isn't going to be much colder or hotter in the next few months due to the global warming. This summer will probably hit new records of high temperatures which will drive up the prices again. This is only what I think, also analyse at your own of course.
CAPITALCOM:NATURALGASShort
by Galletrio
Good News: Natural Gas is down 65% since April 2010The good news about Natural Gas is after adjusting for inflation, but still it is positive when the price of energy is low and affordable for consumers. We have a lot of natural gas in the USA and when the price stays the same and inflation makes your wages and income go up and makes the affordability of energy go up as well. It is easy to remember the headlines about high prices a year ago and before on the Government lockdowns and supply chain disruptions (which continue with the Panama Canal and Suez Canal disruptions), and yet the drop in price isn't covered much by the media. Our electricity prices were raised here in Connecticut because Natural Gas prices had soared to such high levels but the new rate agreement wont get set for quite some time, which means we are locked-in paying the highest prices for electricity when NatGas was $9 and now it is $2. Prayers for prosperity in 2024 for all. Tim Tuesday, January 23, 2024 12:19PM EST
FXOPEN:XNGUSDLong
by timwest
2
NATURAL GAS - Only Way Is Up!From a technical standpoint, Natural Gas is currently at levels where there's very very limited downside and major potential for upside. Many times when we've seen prices come to these lows, price shot up hundreds of %. It's unlikely that we'll hit 0 and therefore balance of probability suggests that going Long on Natural Gas would be a good bet! Trade Idea: - For a safe entry, enter on break of the red trendline - For a risk entry, look for buying opportunities anywhere between the region of 1.6 and 1.8 - stops below lows after the red trendline breaks - Targets: 3.5, 6, 10 Goodluck and as always, trade safe!
SKILLING:NATGAS
by WicktatorFX
2
Natural Gas Double Bottom Oversold Stoch RSIDouble Bottom Oversold Stoch RSI. The technical analysis indicates a Double Bottom pattern along with an Oversold condition in the Stochastic RSI. This combination suggests a potential reversal or a bullish momentum in the market. The Double Bottom pattern is characterized by two consecutive troughs at approximately the same price level, indicating a possible trend reversal from a downtrend to an uptrend. Additionally, the Oversold condition in the Stochastic RSI suggests that the asset may have been oversold and could be due for a price increase. Traders may interpret this as a signal to consider buying or taking a bullish stance in their trading strategy.
CAPITALCOM:NATURALGAS
by AlgoTradeAlert