NATURALGAS - BEARISH Trend/ D cup formation confirmed?NATURALGAS – Weekly Update
Timeframe: 1HR | Symbol: NATURALGAS1! (MCX)
Pattern : D Cup Formation Completed
Natural Gas has formed a textbook "D Cup" pattern, indicating a rounded top reversal structure. After a parabolic rise in late April, prices have gradually given up gains, confirming the pat
Contract highlights
NG1!: Next Move Is Down! Short!
My dear friends,
Today we will analyse NG1! together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 3.307 Therefore, a strong bearish reaction here could determine the next move down.We will watch for a confirmation candle, and then target the
NG1!: Move Down Expected! Short!
My dear friends,
Today we will analyse NG1! together☺️
The market is at an inflection zone and price has now reached an area around 3.473 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move down so we
NATGAS LOCAL SHORT|
✅NATGAS has retested a key resistance level of 3.50$
And as the pair is already making a bearish pullback
A move down to retest the demand level below at 3.30$ is likely
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and r
NG1! BEARS ARE STRONG HERE|SHORT
NG1! SIGNAL
Trade Direction: short
Entry Level: 3.790
Target Level: 3.302
Stop Loss: 4.116
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅L
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The nearest expiration date for Henry Hub Natural Gas Futures (Sep 2021) is Aug 27, 2021.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Henry Hub Natural Gas Futures (Sep 2021) before Aug 27, 2021.