GAS
UPDATE: Natural Gas hit Target 1 and now pumping to T2 $3.80W Formation formed during April 2024.
The price broke above the Neckline and headed straight to the target recently atr $2.85
The latest development has been an even larger Cup and Handle formation in the process.
This has been since February 2024. The price is breaking above the Brim level and the next target is set to around $3.80.
Looks good!
Downtrend Breakout, So Uptrend Confirmation. Long Term AnalysisThis is Long -Term Analysis to understand the "Upcoming" Market Direction. Now Confirmed the Downtrend has Breakout. So market definitely move into Uptrend. It might temporarily move downside as a Retest of the Trendline. Must follow Trend continuation technic.
I marked 0.5 Fibonacci Retracement. It is Next Target for Short Term Traders.
I want to help people Make Profit all over the World throughout my entire life. Additionally, I am eager to Receive Money form Worldwide because of my Potential.
NATTY down for a breather NATTY is extremely overextended and finds itself on the 0.5 Fib retracement after accumulating a substantial bearish divergence on the 4hr.
After breaking out of the cup & handle, it has yet retested those areas which it will IMHO.
NATTY often peaks in the middle of May which is often followed my strong consolidation into May, before it really gets going in June/July.
✅NATGAS SHORT FROM RESISTANCE🔥
✅NATGAS made a massive
Gap up from the support
But after the gap the price
Immediately hit a horizontal
Resistance level of 2.00$
From where we are already
Seeing a bearish reaction
And I think that we will see
A further move down next week
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
✅NATGAS MASSIVE LONG LONG🚀
✅NATGAS is trading in a
Downtrend but the price
Has reached a massive
Horizontal support level
Of 1.5$ which is both
A round number and a hasn't
Been breached since year 1995
So we can be pretty confident
In that a rebound is to be expected
And thus a swing long trade
On Gas makes sense
LONG🚀
✅Like and subscribe to never miss a new idea!✅
GAS/USDT For the Bullish move, need to breakout the supply area!💎 GAS has indeed garnered significant attention in the market. Currently, there is a possibility that GAS will undergo a retesting phase at the support area before resuming its upward movement to attempt a breakout of the supply area. It's noteworthy that GAS has consistently faced rejection upon reaching the supply zone.
💎 If GAS manages to successfully break above the supply area, it could trigger a bullish momentum, probability the price further upward toward our target area.
💎 However, if GAS fails once again to break above the supply zone, there's a likelihood of the price being rejected and retracing back towards the support area, or potentially even descending to the demand area.
💎 If GAS retraces to the demand area around $5.5, it is crucial for it to bounce from this level. Failure to do so could indicate a continuation of the downward movement for GAS, leading to further declines.
3 Commodities to watch closely this week Cocoa:
Cocoa futures hit $9,400 a ton for the first time ever, marking a 45% increase in March.
Poor harvests in key producing countries such as Ivory Coast and Ghana, where adverse weather conditions, including heavy rains from El Niño and subsequent extreme heat, have led to supply shortages. The Ivory Coast cocoa regulator anticipates a 33% decrease in production, from 600,000 MT to 400,000 MT.
European Gas:
European natural gas futures are trading near €29/MWh, maintaining levels last seen in early February following a terrorist attack on a concert hall near Moscow. Additional attacks (related to Russia war on Ukraine and not the terrorist attack) on energy facilities in Russia and Ukraine have further fueled supply concerns.
However, prices could ease as Europe moves beyond the heating season.
Gold:
Last week, the US Federal Reserve maintained its expected 75-basis points reduction in the Fed Fund rate this year, aligning with previous communications. This contributed to gold reaching a new all-time high before a subsequent decline.
Analysis might suggest a bullish pattern forming, with the possibility of gold surpassing $2,200/oz. and testing the ATH near $2,225/oz., while maintaining support levels around $2,150/oz.
Natural Gass PredictionsLooking for potential pivot points at the shapes. I marked some examples from the past. I have an interest in the marked date of 1 Feb '24 (Red Star) and another big event that might happen on this drawing. I am also interested to see if the market goes out of the boundaries marked at 1.45 and 3.666.
#GAS/USDT SPOT LONG ENTRY#GAS/USDT SPOT LONG ENTRY🍀
Leverage: 1x
Entries: $8.124
Take profit 1: $9.206
Take profit 2: $13.578
Take profit 3: $22.643
Stop Loss: $5.075
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
Thanks
The sroced.
GAS will hit its pedal again to accelerate its RISE again to 30!GAS went parabolic to reached 29.9 the last time and as any parabolic moves, a massive correction followed and the coin touched 7.3 down there which is massive in any scale.
Now, the heated short volatility has waned down. Net buyers / accumulators are back in the zone again based on the current 4h metrics.
Expect some significant ascend from here on -- with some huge movements, a characteristic of this coin.
A retest of its previous peak at 30.0 is not farfetched.
The RR ratio on this one is attractive -- and that's an understatement.
Spotted at 9.0
TAYOR.
NATGAS Risky Long From Support! Buy!
Hello,Traders!
NATGAS went down from
The resistance of 2.00$
Just as I predicted but
Has now reached a
Local support level of 1.772
From where we are already
Seeing a bullish rebound
And I think that the
Price will go up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
NATGAS Resistance Ahead! Sell!
Hello,Traders!
NATGAS keeps going up
In a bullish correction but
The price will soon hit
A strong horizontal resistance
Level of 2.016$ and after
That retest a bearish reaction
And a move down are
To be expected
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!