NATURALGAS - Corrective Rise in action?
TF: 120 minutes
Primary View is that the first leg of correction from 4.2170 has ended at 3.2983 in a 5 wave impulse on the downside and the price is moving higher (in corrective rise) to complete the B wave.
Internal counts are marked in this chart.
The ALT view is that, the A wave isn't compl
Gas in the Tank
Trade View: Natural Gas (XNGUSD) — Buy
CMP: $3.5722
Stop Loss: $3.51
Target 1: $3.68
Target 2: $3.74
Duration: 3–5 sessions
Risk–Reward: ~1:2
Rationale
1. Price Structure — Trendline Respect
Natural Gas is respecting a rising trendline with a clear series of higher lows on the 15-min chart. T
When the Market Yawns at a Breakdown — It’s Time to Look? Bullish Positional Setup Emerging
Despite relentless downward pressure, Natural Gas has landed into a previous demand pocket, holding the lows with surgical precision. A textbook case of seller exhaustion paired with invisible buying interest is unfolding on the 15-minute chart.
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Structure Obse
Natural Gas: Coiling for a Pop
After a steep downtrend, Natural Gas is showing early signs of a trend reversal. Price has formed a rounded base with volume pickup and a clean breakout attempt over intraday supply.
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Technical Rationale:
• Base Formation: Price consolidating in a tight range after exhaustion selling – classic
Natural Gas – Blow-Off Exhaustion Meets Supply Wall
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Trade Details:
• Sell Entry: 4.045–4.050 (current zone)
• Stop Loss: Above 4.065 (recent high and breakout wick)
• Target 1: 3.980 (minor support and first structure break)
• Target 2: 3.940 (gap-fill and prior consolidation)
• Target 3: 3.910 (trendline retest area)
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Thesis:
1. False B
Tactical Breakout Play on NG
Before diving into the setup:
It’s important to acknowledge that recent long trades on Natural Gas have underperformed, largely due to:
• Muted global demand amid mild temperatures
• Weak industrial offtake
• Limited U.S. LNG export activity, despite geopolitical tensions
This has translated in
Time to Light the Fuse Again
Entry Zone: 3.740-3.744
Target: 3.80
Stop Loss: 3.715
Rationale:
• Strong bounce off demand zone near 3.715 confirms buyer interest.
• Double bottom setup suggests reversal from intraday lows.
• Increasing volume on recovery candles adds conviction.
• Clear path toward the next resistance zon
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.