GX1! trade ideas
Natural Gas: Continuation TradeAfter a consolidation between $2.5 and $3, NG if manages to close above $3, can trigger a move as mentioned in the chart.
Natural Gas Futures - Indicates "Change in Trend"On monthly chart, the price action indicates a change in trend.
Why is it a Change in Trend:
1. Price action making lower Highs (LH) and Lower Lows (LH) on monthly chart created a downward trend channel.
2. Now the price action made a Higher Low (HL) as indicated in above chart that indicates rejection of lower prices and buyers entering market to control price action and move the prices higher.
Indicating change in trend as now the trend of "Lower Lows" have changed to "Higher Low".
What do you think about it? Would you agree or not? Questions related it? please share remarks or queries in comment below section in order to improvise it.
Thanks,
Regards
Natural Gas - Caution!!!Longs Wait till decisive Break of 3.00 on weekly basis.
The Triple top could result in a sharp upmove (Bull Trap) & then
Down for a correction !!!
Natural Gas- Let it cross BB-Centre BandBollinger Band -20 Period Moving Average-once crossed by Natural Gas ..We will become sure that its heaading for its last leg in the C-Wave.
Natural Gas(QG1!)- Looking for 3.100-3.125(C-Wave)Looking for last leg in Natural gas to complete & face resistance at the polarity zone & XX -previous swing.
Natural Gas- To Move till 3.100 to 3.150 Above 20 M.A.Natural Gas staying Above 2.590 & Moving Above 20 period MA(shown by pink line) can take NG in the zone of 3.100 to 3.150 -previous swing high of XX -mark where it shall get resistance & if that level holds -then going back below 2.590. It shall start falling in an impulsive leg down.
Regards,
Abhishek H.Singh, CMT
