Natural GAS More pump ahead ?As we can we had broken the resistance and made it a resistance now also made a Cup n handle formation that will surely Pump the price more if played well.
GAS
NATURAL GAS: PRICE ACTION , NEW BULLISH IMPULSE COMING...Welcome back Traders, Investors, and Community!
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GAS is Ready!many people are watching $NEO but forget about $GAS!
Formed a Round Bottom Pattern (4 years in the making) that is about to culminate in a sharp move up
I hope you found the idea interesting;)
CNQ Canadian Natural Resources LimitedCompany Description:
Canadian Natural Resources Limited is a senior independent oil and natural gas exploration, development and production company based in Calgary, Alberta. The Company's operations are focused in Western Canada, the North Sea and Offshore West Africa.
Analysis:
Canadian Natural Resources is an oil and gas company within the energy sector! I believe that oil at the minimum is in high demand right now with high those prices are. They deal in the oil and gas exploration side of the business. They cover a decent range of space and with oil and gas, I like to make sure I invest in it like an ETF having more than one company to make sure I cover as much area as possible within the world. This is a natural resource so it has MOAT within itself without much need for marketing. Impressed with how this company has been handling their cash , expenses, and debt. Since March 2001,this company has been consistently increasing its dividend payouts while being able to sustain their cashflow to some degree. I like their reach and having an oil company outside of the US (even though they have property in NA) is a good deal in my opinion.
I would like to see price break resistance obviously. However, I need to be realistic. Although I consider this stock to be undervalued, I believe that price is in the middle of testing a strong support level. I want to see strong bullish candles on the 30 min or 1 hour near support to start slowly scaling in considering the state of the economy. My uncle buffet said to never put your whole foot in the water before testing the temperature! I have bearish candles trading under my closer ranged ema's so I want to see how this plays out!
What do you think?
Not Financial Advice
I only share ideas!
RSI Extended at PCZ of Bearish SharkLets try this again, we entered before and it was going well but then was stopped out by the surprise of the hurricanes. But now there is another potential entry on the charts in the form of a Bearish Shark and an extended RSI. I will be entering here again with stoploss about 3 ATRs above the 1.13
$XOP Break the boxWatching XOP here for a breakout of the box. Nice volume pocket above with continuation of the follow through AVWAP. Blocks and Sweepers on the tape today over $1M in premium OCT and DEC opex.
Are Natural Gas longs taking their seats?Big spike in volume could mean Nat Gas longs are taking their seats.
NatGas: Enough is Enough! 🔥🔥🔥The NatGas price has been surging over the last couple of months and we expect it to slow down soon. Here, we expect the correction to stretch until $4.157 before prices start to explode again.
Go Bears!
NATURAL GAS - Time to Loose some Steam ?Has been an Epic run for Natural Gas but we have come to resistance.
the price will most likely need to take a small break... unless it's willing to go much higher.
At this stage we are cashing out some profits and strengthening our short positions.
💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast:
4.160 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 4.160 is broken.
Technical analysis:
A trough is formed in daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 5.000 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 75.
Take Profits:
TP1= @ 2.600
TP2= @ 2.750
TP3= @ 2.900
TP4= @ 3000
TP5= @ 3.150
TP6= @ 3.650
TP7= @ 4.160
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Gas (GAS)- September 12Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(GASUSD 1W Chart)
If the price holds above the 4.5773071 point, it is expected that the uptrend will continue.
In particular, if the price holds above the 12.4294029 point, it is expected to create a new wave.
(1D chart)
If the price holds above the 9.3918546 point, I expect it to re-trend the 12.2782948-13.7215147 range.
If it goes down, it may touch near the 6.5054145 point, so trade cautiously.
If it falls from the 4.5773071 point, it could enter the mid- to long-term investment zone, so you should also think about how to respond.
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(GASBTC 1W chart)
It is necessary to check whether there is any movement out of the 0.0000505-0.0002688 section, which is the floor section.
In particular, if the price is maintained above the 0.0004990 point, it is expected to create a new wave.
After a long sideways movement, there is an upward movement, so we will have to keep an eye on the situation.
(1D chart)
We need to see if we can hold the price above the 0.0001440-0.0001753 interval and move above the 0.002688 point.
In order to turn into an uptrend, the price must rise to the 0.002688-0.0003510 range and hold the price.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
PBR PetrobasPETROBRAS-ADR C is an integrated company operating in exploration, production, refining, retailing and transportation of petroleum and its byproducts at home and abroad.
Analysis:
This company impresses me from a financial perspective. This is a company that is managing their debt and cashflow during adverse times within an underperforming sector. I've seen that they've been having alot of activity going on this past month which indicates future sustainability when comparing their operating cashflow to their short term and long term debt scenario. Interested to see how this company performs over time!
On the daily time frame, price is currently overbought when looking at the RSI and the MACD. Even with this sentiment, the previous high was broken on the 4 hour time frame. So I took a look at the smaller time frames and it seems like price is ready to start retracing to a near support level considering that the 200 and 50 ema is crossing on the 15 min time frame and under. It looks like the gap is closing on the 1 hour and the 4 hour going down. I would like to see where price is at when the rsi is oversold and the macd reverses it current crossover. If this company continues to have stable operating and free cashflow over the next few quarters, I don't see why the share price wouldn't have positive expectancy.
I have a price target of $31 but realistically, I just price reach support and retrace the resistance.
*not advice. just an analysis.
RIG (Transocean Ltd.)Transocean LTD., formerly Transocean Inc., is an international provider of offshore contract drilling services for oil and gas wells. The company offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and project management services, as well as explores, develops, and produces oil and gas resources. The company is based in Houston, Texas.
Analysis:
This company still has to show me that they can lower their operating expenses. It seems to me that most of their money is being tied up in making sure they keep their physical assets in working condition. On the Daily TF, I see price has broken out of a long downtrend and is currently over bought. I want to see where price is at once the previous low is retraced. I also want to see what their next quarter or two looks like. Im holding off, but im watching this closely. Potential top performer in a failing industry. Oil and Gas Drilling. I'm going to dig into their website to see if I can get a deeper understanding of where this company can go down the line.
ET to make a Move to the Upside SoonThe midstream "stocks" typically move predictably with their payouts. Energy Transfer is no different and is moving to a strong upside as a payment is expected in October. There's also the considerable catalyst of its acquisition of Enable Midstream Partners which will expand $ET's already extensive pipeline coverage (~90,000 miles). Buying into $ET at its present valuation is nearly theft.
Natural Gas Big Inverse Head and Shoulders Pattern playing outI have spotted this pattern a bit too late, but now we are few weeks after its activation and target is only half way through. I am expecting this to hit the target before we start thinking about possible top.
What do you think? It looks like a textbook execution, I would be surprised if we fail. Now we also have broken the trendline of the previous two highs and we have printed 2 very bullish looking candles on the weekly to support this going further up, maybe even without many corrections.
On the shorter timeframe I see a cup and handle to support the move higher as well. I am very bullish on this based on these factors. Please share your view.
Natural gas going down!!!Hi, price is moving inside an ascending channel and hit the top...divergence in RSI is visible and if it doesn't break the channel we might see a good correction...use proper money management!
gas my favtry to accumulate this germ then btc take sudden dump
and thanks me later
2X faster as compare to other coins
Gas 💣💥 $GAS #GASGas has broken a 100-day trend line and after approving the price above the trend line, it is ready to move towards the targets drawn in the chart. The resistors in front of it are also plotted in the diagram.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
Follow for more...
#DYOR
💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast:
3.400 is major support; while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades if the Midterm level 3.400 is broken.
Technical analysis:
While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low.
A trough is formed in the daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 4.650, 4.900, 5.000, and more heights are expected.
Price is above WEMA21; if a price drops more, this line can act as dynamic support against more losses.
The relative strength index ( RSI ) is 71.
Take Profits:
TP1= @ 2.600
TP2= @ 2.750
TP3= @ 2.900
TP4= @ 3000
TP5= @ 3.150
TP6= @ 3.400
TP7= @ 3.650
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💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast:
3.400 is major support; while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades if the Midterm level 3.400 is broken.
Technical analysis:
While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low.
A trough is formed in the daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 4.650, 4.900, 5.000, and more heights are expected.
Price is above WEMA21; if a price drops more, this line can act as dynamic support against more losses.
The relative strength index (RSI) is 71.
Take Profits:
TP1= @ 2.600
TP2= @ 2.750
TP3= @ 2.900
TP4= @ 3000
TP5= @ 3.150
TP6= @ 3.400
TP7= @ 3.650
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
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NatGas: Wait, Wait, Go! 🥵🥵🥵There is still some room left on the bottom side of the NatGas chart. The turnaround should come around $3.521. After that, massive increases in the price should follow, given that the price does not fall below $3.13 before.
Heat now, cry later!
Exxon Mobile XOM sloppy head and shoulders and down trendDoesn't look good for plastics or oil here. Next to zero on volume and a continued down trend.
