Natural gas elliot wave analysisElonged zig zag correction pattern complete down side and wave c internal wave 2or 4 trendline break
Trade ideas
NaturalGAS next Target 2.7/2.85NaturalGas, Buy Call at 2.5
Target 2.85, Sl 2.46
This call is based on volume. Since buyers :seller ratio was 1:10, while downtrend, This will tend to reverse. So Naturalgas is going upside.
2nd point was the target (2.2) for the downtrend reached for Naturalgas. refer my precious post for NaturalGas .
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
Long - Natural Gas Intraday at 2.190
Long Natural Gas- Buy on dips intraday- Hedge bullish trade recomended
Natural Gas Possible Bullish trade towards 3.1.Natural Gas took support from Change in Polarity line and now moving towards 3.1.
NaturalGAS will reach 2.2 before rallying upsideNaturalGAS will reach 2.2 before rallying upside.
IN 4 hour chart, the breakdown happened on the downside and we can expect a target of 2.2 before rallying up side .
NaturalGas Buy : Target 2.8THere is a change in volume . Buyers pressure is more. golden cross happened i 30 minutes. so we can expect a target 2.8
CURRENCYCOM:NATURALGAS
Naturalgas SHort: Breakdown happened in 30 minutes chart. Naturalgas SHort: Breakdown happened in 30 minutes chart.
Target expected to be 2.28 /2.15
Good buying opportunity Hello traders, here I'm again posting my technical analysis on XNGUSD
so, as we can see in 4h time frame it's in downtrend parallel channel, once it's gives break out entry and your first target will be 1)3.250 & 2)3.500 safe traders cand exit here risky traders can hold with strict SL with targets of 3.800/4.000+
Due to oversold condition in weekly and daily time frame a technical rebound is on the cards. So wait for the entry and book your profits timely.
Have a good weekend
XNGUSD, Bullish MomentXNGUSD, Taken Support in D1 time Frame, Now, bullish moment is possible and seems very from this point.
Can this Natural Gas (NG) divergence brig bull back???In natural gas despite of record production in US, its inventory comes negative.
NG has created positive RSI divergence in 4 hr chart from 3 Jan 2023 and trading in downward parallel channel which shows, if it can break this downward channel than it can directly touch 5-5.6USD.
This is for learning and education purpose, do not take as trade advice.
XNGUSD ( Upside) Bullish moment is possible in long term.XNGUSD is making Falling Wedge Pattern as shown in the figure. Its in a Day chart and respecting trendlines completely. A very strong support point at the downside in daily and weekly chart patterns.
1) Day chart is making Falling Wedge Pattern
2) More than 56% downfall from the Top.
3) Respecting Trendlines completely.
4) Defiantly, it will take time to recover this big fall.
5) Bullish moment is strongly recommended from this point now.
Take Small Small lots in the upside directions.
Natural Gas : Once Again Big ShortAs you can see clearly, Natural Gas is going for Head & Shoulder Breakdown and can CRACK heavily
Natural gas big short on charts Natural gas has been in a big range from a while taking support from the level of 5.3 approx breakdown of this level will open for big targets
short below 5.290
targets 5/4.5
stoploss 5.5
NATgas long side now...!nat gas long side from here my target 6.018 than 6.190 SL 5.540 on closing basis.
Natural Gas Trade Setup NATURAL GAS is now trading near 6.3 level which has acted as a strong support multiple times. The support has been highlighted in the Image in red circles.
If NG makes a rejection from 6.370 level and then gives a close above 6.840 we can initiate a BUY/LONG position with FIRST TARGET as 7.190, SECOND TARGET as 8.090 and THIRD TARGET as 9.630. STOPLOSS can be kept at 6.290. The Long position if initiated can give good R:R Ratio.
In other case if NG breaks the Key SUPPORT LEVEL OF 6.380 and manages to give a close below 6.210 we can look forward for SHORT side entry with a TARGET at 5.750. STOPLOSS can be kept at 6.600 .
( For the short side entry it is better to wait for a pullback or retracement).
Remaining Technical Analysis can be seen in the IMAGE
Natural Gas Bear Flag BreakoutBear Flag Breakout in Natural Gas
Target 4.95
(Please do your own research and follow advise at your own risk)
Long Natural GasNatural gas is taking support at 6.7 levels and based on the MACD on the 30 min chart, which is about cross over above
We can take long position in Natural Gas at current market price of 6.715, with a stop loss of 6.680
The target for this trade is 6.8 & 7
Sell Natural GasNatural Gas price has turned down after hitting the 8 dollar mark recently, based on the reversal on RSI from higher levels and MACD indicator pointing downwards
One can Sell Natural Gas at 6.940, with a stop loss of 7.450
The target for this trade is 6 & 5.4
The time frame for this trade is till 31-Dec-2022
NaturalGas Price ActionThis is a monthly timeframe analysis . After a Triangle Breakout, it hit the target and now retracing for the next movement . Levels $5-$6 acted as crucial support from the month of June . For further up move we can expect the price to consolidate some time and retest the demand zones (Support Zone Order Block) for a further up move . It might or not take a 3-4 years (2025-2026) to achieve its next target ($12).
Note : This is just an analysis post based on the price action pattern for a decade and half(2008-2022) and not a trading idea itself .
NATgas on short side....!Natgas short side from here. if natgas break 6.370 than my target is 6.096 and close below 6 dollar on day candel than it will go on big down fall movement. SL 6.519 on closing basis
NATgas long from here..!NATgas long side from here 5.940 is support for day closing basis my intraday target 6.325 and than 6.843
