NATGAS The weather outside is frightful. But the fire is so delightful. And since we've no place to go, Let it snow, Let it snow, Let it snow ❄️
Natural Gas vs US Dollar forum
NATGAS The weather outside is frightful. But the fire is so delightful. And since we've no place to go, Let it snow, Let it snow, Let it snow ❄️
NATURALGAS entering long here as price held vwap with possible bullish trend shift at lower timeframes based on adx. From the 4h/1h adx shows possible downtrend weakness and price on the 1d chart is sitting right on top of support with bullish divergence forming from extremely oversold position.Tight SL at vwap - 2xATR - spreads or just the 3SD of the 50 BB at 3.20 currently.
From NVI/PVI we have retail possibly out and institutions possibly holding/buying.
Good luck everyone!
PS: There's resistance at previous day's high near 3.33-3.37, to consider this a possible continuation into an uptrend we need price to break and hold above this level at least. If price starts getting rejected with volume from up there then it's time to exit long and possibly load shorts...
NGAS another bear flagged forming on the 4h chart bulls be careful as this is still going down
NGAS.F Bearish or Bullish?NATURALGAS at a dip currently after a rough selloff from institunionals the last 2 days.For downtrend continuation I'm looking at 1) rejection of 3.33 (previous day low) or 2) breakdown outright of current low 3.165.
To even consider we're in an uptrend price would need to break and hold above 3.33 previous day's low and then break and hold above 3.48 previous day's high (grey lines on chart) - that would need a 9% pump and enough volume to hold and push further... until then we're in a downtrend still with institutionals pumping short term and dumping long term.
Good luck everyone!
NATURALGAS salty bears dont want to buy neither they dont you to buy target $4 by winter...NATURALGAS technical fail when demand rise, technical only work with stocks not commodities...This will go to $4 by winter.
NATURALGAS trading below monthly closing be cautions if breaks and close below it we will see more downside beyond our expectations. Inventory is also rising as per EIA weekly report. Need to hold here or should take support. Today's closing will decide monthly view, if you want upside
NATURALGAS it has to take a support but no one can predict looking at last 1 year chart$NATURALGAS. $ 3.21 is on major support if able to hold then we will see massive upside otherwise downside target is 3.03 and 3.16