I am expecting Natural Gas to touch 300 in next couple of months. And if 300 breakout happen, it may reach 400. (Pure Price Action Analysis)
Elonged zig zag correction pattern complete down side and wave c internal wave 2or 4 trendline break
natural gas is breaking trendline short swing. this is only for study purpose.
Because of the gas supply problem europes going to face, I doubt it will keep going down, there's only up, how fast it goes up depends on the gravity of the Russian invasion or if it drags on until next fall. Change in the downward tendency, with big volumen especialy during handle dip. my projection is 170 USD by september.
We have nice EQL in natural gas below that we have H1 Demand zone, though i have buy bias at H1 demand zone, we also have GAP below that demand zone which is need to be considered. Look for LTF BOS before taking trade
Natural gas forming head and shoulder pattern in daily timeframe. Daily trendline,demand zone,neckline coincide. so time to watch reversal candle or strong selling volume candle.if fresh selling we wait pullback to neckline
Natural Gas shorting around CMP SL above today opening. TGT near trendline around 3 points - will update if needed Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
Entry: around CMP(198.8) - I will add one more lot at 199.1-199.2 SL: 200 TGT: 195.5
NG proces have been consolidating @ the 23.6 fib retracement levels, any stock during an uptrend dont tend to retrace more than 50% . We are expecting NG to move upside and probably break previous or might atleast make a double top...
ng fundamentals says buy , technical no clear story unless level cross
Short NATGASUSD at CMP (2.17) T1: 2.13 T2: 2.095 SL: 2.19
NATGASUSD after a strong bullish move is currently at resistance. It could face a strong resistance in days to come until it breaks above $5.1
Channel Breakout can take it till 2.183 and further downside possible
H & S formation in Natural Gas gives a clear indication of shorting till target