NATURALGAS trade ideas
Nat gas reversalWe are forming an inverted head and shoulders on the low time frames right now (upto the daily), we also have a bigger one on the weekly forming. A 4h close above 2.280 (OANDA) will see the smaller timeframe confirmed, for the weekly a close above 3.350
Natural Gas may be at the start of a big move higherNatural gas has had a small move higher recently and has now pulled back to the 61.8% fib. This area is often a key price point where the market could start a major move higher. We could see a big trend starting from anywhere around here.
Even though we have the trend structure in place we will need to see buyers steps in and a trigger to buy signal. All we can do now is wait for the green trigger buy signal. Stop placement will be below the last swing low with an open profit target. However, if we do see buyers stepping in then 3200 would be an obvious target. Further up side from there is possible.
This could be big trade so all eyes on this market.
US GAS (Long)Turtle soup Trading Strategy
The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend.Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts.
It takes inspiration from the famous Turtles trading experiment, where novices were trained on a trend-following system.
Natural Gas Short Term Sell IdeaH4 - Bearish divergence
Most recent uptrend line breakout
H1 - Bearish trend pattern followed by a pullback
Until the two strong resistance zones hold my short term view remains bearish here.
Natural Gas: The Bearish Movement Remains IntactNatural Gas: The Bearish Movement Remains Intact
From our previous analysis, the price confirmed a double top pattern and moved down as expected.
Although the pattern was somewhat complex, it performed well.
Today, the pattern is once again confirmed, indicating that natural gas may continue to move down if it holds below $2.13
📺You may watch the video for further details📺
Thank you and Good Luck!
XNG/USD: Natural Gas Price Hits 2.5-Week LowXNG/USD: Natural Gas Price Hits 2.5-Week Low
As shown on the XNG/USD chart, today, the price of natural gas fell below $2.16 for the first time since 8 August.
Bearish sentiment is being driven by the fact that: → This is the last week of summer. Gas consumption typically decreases in mid-September as the use of air conditioning declines; → Gas storage levels are abundant. According to Reuters, current stock levels exceed the seasonal average by 12%.
A technical analysis of the XNG/USD chart provides several arguments suggesting that bears hold the upper hand in the market:
→ Price action is forming a descending channel, shown in red. The upper boundary of the channel acted as resistance, with the price forming a bearish rounding reversal pattern (as indicated in blue).
→ After a large bearish candle on 22 August, the resistance level at $2.24 became more significant.
→ Support lines, forming a fan shape, are being broken one by one, with increasingly shallow angles indicating weakening demand.
Nevertheless, bulls have an opportunity to turn the situation around by using support from the trendline (shown in yellow) at least in the short term.
However, in the longer term, if the supply-demand balance remains unchanged, there is reason to believe that the price of natural gas on the XNG/USD chart may continue its downward trend within the red channel.
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NATGAS - Head and Shoulders Hello Traders !
On Monday 12 August, The NATGAS reached the resistance level (2.213 - 2.250) and failed to break it !
The price formed a head and shoulders pattern.
Currently, The neckline is broken !
So, I expect a bearish move 📉
____________
TARGET: 1.974🎯
XNGUSD(Long)Turtle soup Trading Strategy
The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend.Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts.
It takes inspiration from the famous Turtles trading experiment, where novices were trained on a trend-following system.
NATGAS WILL GO UP|LONG|
✅After the retest of the of horizontal support of 1.90$
It makes sense to expect a bullish correction
Aa the NATGAS is oversold and the market players
Will be taking profit from the level
Fuelling a buying wave
LONG🚀
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Natural _ Gas _ CFDs _ Update _ Distribution _ Prices _ Quarter Natural _ Gas _ CFDs _ Update _ Distribution _ Prices _ Quarter _ 3 _ Under _ Trading _ Venue _ OANDA.
Note: Prices can be different on various Trading Venue.
I had to digging on this for a while!
Prices as follow , should start ascending within the next fewa days.
$2.078
$2.114
$2.165
$2.210
$2.328
Distribution price = $2.458.
We go down from her to the level of $2.057 area!
EWTSU NATGAS H4 micro ((5)) going to end
EWTSU
NATGAS H4 micro ((5)) going to end in a zigzag subminuette abc
invalidation 2084 wave a of abc
US GAS (Short) Turtle soup Trading Strategy
The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend.Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts.
It takes inspiration from the famous Turtles trading experiment, where novices were trained on a trend-following system.
Natural Gas King #2Hello Ladies and Gentlemen,
Natural Gas is approaching its lowest price since its inception!
Who knows who Arnold is?
Natural Gas Robbery Plan To Make and take MoneyMy Dear Robbers / Traders,
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Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 1h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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NATGAS OutlookPAIR:
Bearish Outlook:
NATGAS has been breaking into new lows on our Weekly, Daily, and 4hr time frame. I would like to see price make a pullback followed by 1 of our valid-engulfing-candles while staying below the 50ema.
Natural gas falls as Middle East ceasefire talks progressNatural gas falls as Middle East ceasefire talks progress
On Friday the Natural Price decreased by almost -4.5%
This was related to fears that weaker demand from major NG importers could weigh on market sentiment.
Investors focus on the progress of ceasefire talks in the Middle East, which could reduce supply risks.
NG was also followed by a drop in oil prices. We didn't have a different move on fuel prices as we are used to when Oil and NG move in different directions. News about the ceasefire in the Middle East is supporting the decrease in fuel prices
NG may rise slightly for a small correction before it moves down more up 2.00 and lower as shown on the chart
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Continued growth of NaturalGas H4. 23.08.2024Continued growth of NaturalGas
The price bounced perfectly from the margin zone
and confirmed the pattern Repositioning.
Further I expect an internal pullback and continuation of growth
to 2.35 and next target at 2.52.
NATGAS_(Natural Gas) _ Distribution _ Prices _ Quarter _ 3 _ UndNATGAS_(Natural Gas) _ Distribution _ Prices _ Quarter _ 3 _ Under _ Trading _ Venue _ OANDA.
Retest = $1.977.
______________________
Then expecting the following distribution prices:
$2.151
$2.207
$2.221
Distribution price for Accumulation Stage =
$2.351
$2.327
$2.334
$2.428
__________________
Distribution for Advance Stage=
$2.506
$2.596
Natural Gas: are bulls capitulating? The bulls have made 9 attempts at breaking out. All attempts have failed which has led us to this sharp decline.
Nat gas is holding the 20 day MA but it does look somewhat vulnerable to going lower.
The death cross is getting closer and closer as we approach the 50 MA & 200 MA downtrending intersection.
Our members stopped out of the second half of UNG in profits
I am now hoping and waiting for a sub $2 pierce retest. we shall see if we get it.
NaturalGas (SHORT) Hourly1. There is a fake breakout in the hourly time frame, perhaps the price may go lower.
2. According to the wave, the 2nd wave of the bear side has just ended.
3. There is opportunity for a bearish side by keeping stop loss at high of 2.3420.
Natural Gas Looks Poised for a 7.65% SurgeAfter a 39% decline since June, natural gas prices seem to have bottomed out on August 5th. However, after the initial bounce, the price has been consolidating over the last 9 days, forming an inverse Head & Shoulders pattern. This pattern suggests that a breach of the $2.38 level could potentially lift the price by 7.65%, targeting the $2.57 level.
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