USNATGAS uptrendBased on the price action of USNATGAS, Ichimoku, Fibonacci levels, and support & resistance analysis, the target has been adjusted to 3.300, with a corresponding stop loss at 1.300.
NATURALGAS trade ideas
Natty Gas Roadmap July 2023So this is the highest vol commodity so could make a quick 50-70% like that
NAT GAS LONG In confluence of trend line break and pull back on D1, Alignment of past fib levels and ABC correction elliot wave. I have come to a conclusion that price will rebound around 1.629.
Let me know if you have any questions.
Natural GASNatural GAS is at the ALL time LOW Zone and it could provide the BEST buy opportunity.
It would be worth watching the price.
NATURALGAS upside in 4h CandleIthink its going up to the Zone 2.32, this Zone is a big Sellingarea.
Buy wait, hold strong lower Laverage or open Margin.
Control the 4H, and Daily Candle
Rsi giving Resistance = Buy signal in Breakouthere in chart if you go deep dive properly bearish momemtum is about to shift. because from last 2 days market is not making bigger swings and Rsi is not weak enough in bearish movement. and we can easily see 4 times resistance in Rsi , so according to price action analysis more then 3 -4 time hitting support resistance make the level very weak . all things are coming together
1. Price is in very Demand zone (multi yrs )
2. Price is moving in downwards channel (9days consucative red candles)
3. Rsi retest resistance more than 4 times
4. momumtum lose by market by not making widers swings
note: We just need to make Higher High form once, then Rsi trendline will also be broken and we will see change in momemtum and change in price action...
Thank you all Traders
NATGAS_1D📊🔥Gas analysis in long term time frame Elliott wave analysis The market is in the 5 Elliott waves of decline, and we are currently at the end of the 5th wave of decline, which is very suitable for investment and purchase, and the market can enter an upward wave in the future. Main support range 1.000 to 1.600 Resistance and target 4.600, 5.600 and 6.600
Classic Double Bottom Formed here in chart we have seen a double bottom with divergence and over sold zone and most imp thing is in multi years demand area. so if market cross yesterday high then we can have agressive buying, finding the second leg of double bottom we can buy some quantity also. we will have break thorough of Double bottom pattern and we can target till 2.1 . as per chart i have found that we will have side ways market between 2.1 and 1.6 level before a breakout of proper Bull market. thank you all trader. its my small help for trader to support their trading...
potential reversal in this support if double bottom formreversal is only possible if market break minor resistace level then we wiill have change in character in market ....
NATGAS LONG TERM TRADE analysHello Traders
In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
today NATGAS analysis 👆
🟢This Chart includes_ (NATGAS market update)
🟢What is The Next Opportunity on NATGAS Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NATGAS LONG TERM TRADE analysHello Traders
In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
today NATGAS analysis 👆
🟢This Chart includes_ (NATGAS market update)
🟢What is The Next Opportunity on NATGAS Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Natural gas $1.54 - $1.56 - watch that levelNatural gas has been shorted by several hedge funds including Citadel and AQR. It still has approximately 7-10% down price action to go from here. It is NOT safe to long, because natural gas has associated geopolitical risk. Fundamental reasons > technical analysis for this commodity. Unfortunately, it means natural gas can also go BELOW $1.50 (highly possible) given the geopolitical tensions between EU, Russia and the US. Thus, one has to be patient before longing natural gas, as there is high liquidation risk.
NATURAL GAS LONGI want to try this long, in my opinion probable reversal.
The real key regardless of any strategy is to have a decent risk/reward .
You win and you lose , so be cautious.
No financial advice, do your own research.
Natural Gas: Will it ever bounce?Nat gas continues to bleed lower and lower.
Anyone that's over leveraged has been destroyed.
We are now coming into a measured move target on Nat GAs.
This is where we should see a decent technical bounce.
Ending diagonal for the 5th wave down? Nat gas still getting punished but Im thinking we can get a bounce here in a D wave of a possible ending diagonal . Lets see if we can get a hammer or morning star candle today or tomorrow. Ill probe the long side here if we can get a bullish candle
NATGAS - Retesting lost supportLong signal on NATGAS! Bubble collapsed however it will still retest last low of wave (1) which around 3.44~ 4.13.
On intraday there is also a head and shoulders pattern that got invalidated giving some additional significance for strength.
NATGAS_1W🔥Gas analysis in weekly and long-term time frames The market is based on Elliott waves in five descending waves, which is currently the 5th descending wave, and it can re-enter an ascending wave and correct upwards to the range of 5,500 to 6,500. Support range 1.500
Sharp corrective more probable?Dear Friends,
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Finding resistance by Price and RSII am analysising a bull run from 1.8 - 1.9 level. As its a demand area of monthly candle and rsi 40 support. Both are comming together. So my point of view is heavy buying may occur. As from monday usa weather is also falling more. And such fall of commodities affect global economy, biden administration also send for inquiry about the Gas price.
Natgas Down ChannelThe price recently broke upward from a downtrending channel. However, considering the strong bearish momentum on a higher timeframe, my current bias leans towards a bearish outlook. To assess the strength of the channel breakout, I've applied Fibonacci retracement, with particular attention on the 0.618 retracement level. Any potential shift in my bias will be contingent on the price's behavior around this level. I rely on reading candlestick patterns within significant areas to gain clarity and make informed trading decisions.
Natural Gas / XNG Porjection Natural Gas prices traded near the July 2020 low and also the same low placed in March 2016. But the Point of interest is that the price rebounds from that level, so it's a good time to initiate long positions but partially till 1.50. Its long-term setup holds it .it could be the best trade of 2024 good luck.
Nat gas still probing the downside…Nat gas is still on a grinding break to possibly test 150. Let’s see if we can hit. A full Butterfly pattern hits at 150 .
