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NGAS trade ideas
XNGUSD Bull Pennant Pattern Short then LongXNG has had a big week with a big bullish momentum move into a symmetrical triangle
and then a breakout into a bull flag pattern to finish out the trading week. A Bollinger Band
squeeze as the symmetrical triangle was underway preceded the breakout. PRice crossed the
POC line of the volume profile where trading volume , liquidity and volatility all are the
highest Equities and equity funds like BOIL, KOLD, UNG, UNL, LNG had corresponding moves.
The Luxalgo ECHO indicator, a predictive AI tool, suggests that from here XNGUSD will retrace
5% or so perhaps targeting the mid/basis line of the Bollinger Bands and then resume its
upward trend. the retracement would be 50% of the uptrend which started the morning of
5/18 which was a 10% move. The indicator is predicting the uptrend resumption for
5/22. By extension, equity instruments that mirror natural gas prices presumably will have
similar moves. I conclude that my profits achieved in BOIL options after the big move
should be prtially taken off the table to buy some KOLD calls or BOIL puts instead to hedge
for the prediction of the algorithm tool.
NATGASWe have all seen the sharp decline of natural gas, which began since August 2022, until it reached areas it had not reached in its history, at around $1.9 during the past two weeks. It refused to drop further. And here it is returning to the current areas, through which it will be a strong base from which it will start upward. I expect it to return a little to the limits of $2.3, and then rise again to the $3 area.
Natural Gas Psychology | In-depth Support & Resistance Guide- Natural Gas First Daily uptrend in a while, still continuing
- potential Weekly bull flag if we don't retrace over 0.382
- Next key resistance at 2.65 zone
NATGAS with nice R:REither it bounces here right on 0.886 with super small SL or it continues down
If it bounces: 0.886/1.272 next
If it doesnt: it will get cheap
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An Important Bullish Breakout in the Natural Gas MarketThe price of natural gas in USD rose sharply on Thursday after the US Energy Information Administration (EIA) reported a slightly smaller-than-expected weekly increase in domestic natural gas inventories.
At the same time, an important breakdown of the contracting triangle pattern formed by 2 lines (shown in blue) has formed on the XNG/USD natural gas chart.
Presumably, this triangle delineates a market stage in which large players could accumulate long positions at low prices after the downtrend that has been in place in the natural gas market since the beginning of 2023.
On Friday morning, the bulls are able to keep the progress made, keeping the price of XNG above the former resistance at 2.575, which can now serve as support.
This breakdown may become a stage in the development of an important bullish trend. We previously reported that according to EIA forecasts, the average price of natural gas in 2023 could exceed USD 4.
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Natural Gas Update: BreakoutNat Gas had an epic move to the upside today.
will the bullish momentum continue?
Where is NATTY going next?Huge sell of occurred after breaking it's previous support, turned resistance.
I'd be looking to buy of the resistance @ around 2.050 with the aim of it reaching the broken support.
If it finds resistance there then we might see a H&S pattern emerge which could be severely bloody.
With recession peaking over the corner, this could well play out.
Just my thoughts, not trading advice . Trade at your own risk. NATTY can be expensive .
NATGAS to fill the GAP?Serious negative RSI divergence at the resistance after forming a bullish H&S pattern.
As part of the retest, I believe that it will fill in the gap as well, before potentially making a climb back up to resistance and beyond.
Trade ay your own risks, my posts are just ideas.
NATGAS - Capitulation is nearGeometric approach in revealing trend angles based on halvings. I also want to see how much effect curves have on the future price, will we see any new resistance or support on these or are they just looking nice.
Natural Gas Short squeeze!Natural Gas had a bullish close today up over 4% despite weakening economic data.
We could be entering the next stage where Nat gas starts moving higher off these lows.
Clear Accumulation has been occurring and this move off the lows matches the seasonality period of Nat gas.
NATURAL GAS POSSIBLE RALLYNatural gas is increasing in value due to several factors: the unprecedented wildfires in Canada that are ravaging the country and are disrupting the production throughout the province of Alberta; Reuters also reports that Russian pipeline exports had declined 11.4% this month compared to April’s average, putting an additional hold to the fuel supply.
The RSI is above 50. The MACD had broken above its zero level and had triggered signal for further potential gains.
If the current trend continues, the price might test resistance levels of 2.764, and if it gets broken, further target might be 2.931.
In the opposite scenario, the price might test its previous resistance at 2.025.
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Natural Gas & Energy UpdateNatural Gas is on watch for a technical Breakout
We got a bullish daily close on Natural gas today.
Its the first time Nat gas has had 2 daily closes above the 50 day moving average since it started the nasty downtrend.
NATGAS The Target Is DOWN! SELL!
My dear friends ,
NATGAS looks like it will make a good move, and here are the details:
The price is coiling around a solid key level - 2.372
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.251
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
#NaturalGas Can Rise Up Very Quickly #NATGASTraders, Natural gas has created several bullish breakouts over the past weeks but failed to push higher. Now as we are reaching the end of the wedge pattern, a breakout is imminent. This can create a W pattern which in turn can push the prices higher.
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2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only.
Not financial advice or signal. Please make your own independent investment decisions.
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Natural Gas Clear Support & Resistance Guide | Falling Wedge- AMEX:UNG AMEX:BOIL PEPPERSTONE:NATGAS Natural Gas clear falling Wedge
- Daily uptrend confirmed without much follow through at the moment
- bulls would like us to hold prior pivot lows and bonce off next week
NATGAS Trading Opportunity! SELL!
My dear subscribers ,
This is my opinion on the NATGAS next move:
The instrument tests an important psychological level 2.348
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Goal - 2.202
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
NATGAS: Short Signal Explained
NATGAS
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell NATGAS
Entry Point - 2.347
Stop Loss - 2.509
Take Profit - 2.104
Our Risk - 1%
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NATURAL GAS The Triangle's breakout will determine the trendNatural Gas is trading inside a Triangle, with the 1day MA50 as the Resistance.
The critical level is the 1day MA100. If the price breaks above it, target the gap from 2022 at 4.000.
If the price crosses under the Triangle's bottom, target Fibonacci 2.0 at 1.100.
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Picking NatGas BottomWhile I speculate that the bottom has been reached, the media speculates about another potential decline in NatGas prices.
Some expect a price crash to as low as €10: MET Group - www.bloomberg.com
Socionomics is a somewhat obscure idea, and those who have heard of it tend to dismiss it as pseudoscience (which, at this point, may be analogous to how the true science was perceived during the Inquisition era). Additionally, socionomics teaches us that the general public rarely notices market peaks and troughs. Rare occasions of excellent possibilities are governed by uncertainty and dread. Of course, there is no assurance that such a moment is coming up now. I just so happen to note that while headlines perfectly echo what I read in books about social behavior when market waves break, my analysis signals to a probable reversal.
You can find the longer term chart on my website.
NATGAS The Target Is UP! BUY!
My dear subscribers ,
This is my opinion on the NATGAS next move:
The asset is approaching an important pivot point 2.162
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 2.268
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
