Midterm forecast: While the price is above the support 5.194, resumption of uptrend is expected. We make sure when the resistance at 8.176 breaks. If the support at 5.194 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI support #1 at 43 is not broken, the probability of price decrease would be too...
Natgas has been very bullish for a while however now we have some bearish indication on chart,It can fall till 6.372 in coming days
Midterm 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...
Midterm 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...
Strategy : Sell on rise near green price line... Bears active below red price line.... trading levels marked and well defined... Happy Trading..... Like......... Share........ Follow.........
Midterm forecast: While the price is below the resistance 3.000, beginning of downtrend is expected. We make sure when the support at 2.250 breaks. If the resistance at 3.000 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI resistance #1 at 52 is not broken, the probability of price increase would...
Midterm forecast: 2.200 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 2.200 is broken. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would...
Midterm forecast: While the price is above the support 1.400, beginning of uptrend is expected. We make sure when the resistance at 2.250 breaks. If the support at 1.400 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI bounced from the support #1 at 30 and it prevented price from more losses. While the RSI...
Midterm forecast: . While the price is above the support 1.550, beginning of uptrend is expected. . We make sure when the resistance at 2.250 breaks. . If the support at 1.550 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: . While the RSI downtrend #1 is not broken, bearish wave in price would continue. . A peak...
On the daily time frame, a bullish divergence can be seen as well as a possible double bottom has formed.
Long on the breakout. for any further updates you can check my tradingview profile. All the best!
Natural gaz testing that previous resistance around that general 2.900 area. Potential change of direction?
NATGASUSD has been trading within a rectangle since mid Feb. We will be looking forward to take a position in the direction of the breakout. 2.72 and 2.61 could be crucial in deciding the direction of the trend in days to come Keep watching this space for latest trades in Natural Gas
Getting closer to the neckline (Head & Shoulders Pattern). But before that happens some upside(correction) is left
If the Pink Area Holds & Stops the Down Move, NG may present some VERY GOOD BUYING Opportunity Here.