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LNG1! trade ideas

💡 (NGas) NG1! Will it be ready for upside ?Hello every one If the triangle seems to be broken, maybe the gas will return from these price ranges, and I think there is a high probability that we are now at the bottom of the gas price. A triangle has been drawn that if the candles leave the upper part of the triangle, there is a possibility of an upward trend. Be sure to keep an eye on the chart and don't miss this wonderful opportunity. What do you think? I'm happy to comment❤️🌹
NYMEX:NG1!Long
by hamidreza_FX
6
Jan 15,23-NG-Will it get back down to 3So NG started this week off with a Gap Up, not huge but still up. Question is....will it stay up and gain or is it going to get back to the 3 mark. 3 would put it at the bottom of the Linnear Regression Indicator as you can see on the chart. I'm going to hold off on any trade until I'm sure price action is going to keep going up (as sure as I can be anyway). I'm still thinking price will end this week down, if not to 3 then to 3.2 - then I might consider putting in a Buy Order. Thoughts? Heiko
NYMEX:NG1!
by HEIKOTradingSystem
8
Natural Gas 2023 Targets - $3.81 , $3.39Natural Gas has been hanging on key support trend line (WHITE) running from Jun 2020.. If that level gets breached, expect Natural Gas to hit immediate target $4.73 (Yellow Line). Then eventually we see the targets $3.81 (Orange line) and 3.39 (Green line) in 2023. With economy running into risks of recession in 2023, we'll see pullbacks in NG. We'll not go to the targets directly, expect technical bounces at the key support levels - $4.73 , $3.81 and $3.39.
NYMEX:NG1!Short
by gmaster29
13
Jan 11,22-NG-Will Price Drop to 3?In looking at the chart, price doesn't look good for a rebound anytime soon. I think 3 is in the cards for next week. Weather is warmer than usual across the U.S., NG prices in Europe are dropping, China might have to go back into lockdown because of Covid concerns, the WORLD is heading into a hell of a recession, even though some of the world is already into it. This is why I have stayed on the sidelines for the last 2 weeks and probably will for the next 2. Unless something changes, but price could actually drop to maybe 2.... I think 2.5 is certainly a possibility. Hence, I am looking at trading a few other markets in the meantime to make some coin. I will keep you posted. Heiko
NYMEX:NG1!
by HEIKOTradingSystem
2
Natural Gas: At decision point. On 12.17.22 I thought natural gas may soon turn up at around 5.18. (see link below if interested). Clearly that was premature. It stayed in a down trend until now. A clear example why when something is in a up or down trend you best wait for price action (candle stick pattern, trend line break) to support that a turn around is about to occur. Then you have the recent low or high to be a stop point if wrong. The overall pattern has not changed. But if this EWT count is correct wave 3 should not cross below the high of wave 1. We still have a bullish divergence in the daily RSI. We still have an expanding triangle at wave 3. with the last wave down current having .a=.c. and ending at a possible support/resistance area. So this would seem like a good place to finally so up. BUT wait for price action to support this idea. Best to you. Have a great week.
NYMEX:NG1!Long
by goodguy
2
NATURAL GAS Potential rebound but bearish long-term.Last time we gave a signal on Natural Gas (NG1!) in late November, we caught a perfect rejection and sell entry for a strong bearish December trend: As you see, the price even closed below the 1W MA100 (red trend-line), breaking its previous 1 year Bullish Megaphone pattern, so the trend is confirmed as bearish long-term. By doing so, it has formed a Channel Down whose bottom (Lower Lows trend-line) was hit and the price bounced yesterday. Today though it resumed the downtrend. We believe the key here is the RSI on the 1W time-frame and the Falling Wedge pattern we identified last time. This is now on its bottom as it was on October 21 2022 Low, which caused the short-term rebound to a Lower High for the Channel Down. As long as it holds, we expect the price to rebound on the short-term in order to test the 1W MA100 and 1D MA50 (blue trend-line). A rejection there should extend the Channel Down to a new Lower Low. A break of the Channel Down downwards earlier, will simply accelerate the downtrend to the 0.618 Fibonacci and the long-term Support Zone just above the 0.786 Fib. Notice that right now the price is on the 0.5 Fibonacci. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!
by TradingShot
2