Last few days NG has been consolidating and correcting for a days, forming a bear flag pattern. Since it bounced off the bear flag resistance the main buy posiprice i am looking for is $3.91 where the price may retest liquidity and 200 MA (which is a major supp). Bullish engulfing candle is what I will be on the look for around 3.91. But I have my speculation,...
We saw the most volatile week so far yet in 2025. Friday evening was the same with green candles and that spike caused me some worry that the inventories are way off this coming year...Although the price could hit 7 in 4 months time but for now I think this is a big bull trap. I am short for next week and i expect a gap down then waterfall then test the order block at 4.56
Here are my potential trades... it looks like we are seeing a bull trap. The retracement phase is still going imo, so the trend should still be bullish. A small pull back and then expecting a big rally towards 4.41 or even a whopping 4.6
The natural gas has expanded long enough but given its nature it will still continue to rally up due to weather and political conditions. On Daily chart there is a short pull back around supp lvl 2.680 but will continue up until its recent high 3.050... Note the previous high that hit 3.050 has rallied which is a major resistance level. The price keeps bouncing...
The market has reached its all time high creating a new higher high which can be treated as a resistance @3941.1 for now. The RSI suggests that the market has been heavily overbought on 30m chart and a recorrection is to be expected. On 4hr chart the support level 3896.8 is constantly being tested and looks like the market will test this level one more time...