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GAS

NATGAS Bullish Setup! Buy! Hello,Traders! NATGAS has retested a support cluster Formed by the rising support and a horizontal key level I am bullish on Gas overeall, and my bias is supported By the recent bullish breakout from the local falling channel Taking everything into consideration My verdict is that Gas will most likley go up mid-term The target you see on the chart is a good TP level But I also belvie that Gas might go even higher To retest the recent all-time-high Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
NYMEX:NG1!Long
by TopTradingSignals
6
NATURAL GAS The top is in. But how low can it go?Exactly two months ago by making use of Natural Gas' clear long-term cycles, I called for a potential Top of the current Cycle after the formation of a Golden Cross on the 1W time-frame: Even though the price rose a bit more, the peak was made shortly after. This time I am narrowing the horizon to 5-6 years and as you see the Cycle's peak was made exactly on the Higher Highs trend-line that started after the December 2016 High. An important technical development is that the 1W MACD made a Bearish Cross, which when formed on that Higher Highs trend-line, is a Top. Even though on a multi-year basis, the technical outlook has Natural Gas going as low as the Support Zone, on the less long-term, it may follow a consolidation phase as in 2017. A long-term startegy for a cyclical investor would be to sell every rebound as the current one and gain from such swings on a 1-2 year horizon. In 2017/2018 it was only when the 0.618 Fibonacci retracement level broke, that NG broke down towards the Support Zone. So in such strategy long-term traders may resume selling once the current 0.618 Fib breaks (3.374) towards the Support Zone. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
NYMEX:NG1!Short
by TradingShot
4
Double Bottom now rise to 97.xxWe have a clear double bottom on DXY sitting at 89.54 with a clear rise and break of resistance at 95.x now the push seems to be a pull back to the now support line at 94.5ish and then a run to the bottom of the next channel at 95.9 all the way to 97.4-5. We would like to see the now support line at 94.5ish hold and continue up. This will put serious pressure on the energy markets anything over 95.9x and change could cause a major spike in either oil, LNG or other energy prices.
INDEX:DXYLong
by swimmax
Oil Testing Lows Again, What to Expect??Oil is pressing lower of reports of increased supply and weaker demand. We are currently testing a very important psychological and technical level at 80.00. We are seeing several green triangles here at 80.00 which is suggests strong support. If we are able to break down from here, then there is a vacuum zone below to 77.56. We have several technical levels above including 80.70, 81.30 and 82.13 which will all be targets if we can get a lift from 80.00. The Kovach OBV is pretty flat, so we will need to see momentum come through either way to determine oil's next move.
NYMEX:CL1!
by quantguy
1
Oil Clinging to LowsOil has dipped to the lower bound of its broad range in the 80 handle. We have broken through a series of levels in the low 80's, and are clinging onto 80.00 by a thread. We do have a series of green triangles on the KRI suggesting support here, but the Kovach OBV is dipping suggesting that we are still quite weak. If 80.00 does not hold, there is a vacuum zone to 77.56. If we catch support at 80.00, then 80.70, 81.30, and 82.13 are all targets to consider from above.
NYMEX:CL1!
by quantguy
1