ng fundamentals says buy , technical no clear story unless level cross
Perfect long wick candle right at support and rejecting 50 EMA
The price is taking considerable resistance against the dynamic resistance/trend line. A strong price rejection can be seen in 4 hours time-frame. This could attract more sellers or even make the existing buyers to change side. Overall a channel is formed. However, we can see more or less similar volume of buyers and sellers during both corrective and impulse...
The price is consolidating near the recent resistance zone of 1.685 to 1.705. This implies buyers were able push the price till resistance; but sellers are not strong enough at the resistance point to push the price lower. But, buyers are able to hold it higher. Anytime the price can burst to next resistance of 1.768 to 1.778. Hence buying is recommended at...
Ascending triangle pattern is seen in NG (like in crude yesterday), this implies buyers are in control. The price comfortably closed above the triangle's top (1.730 zone). Buyers can push the price higher from here till next supply zone of 1.825 to 1.850. Post which they would take a breathe or rest - will be decided later. As of now, its a temporary buy. Carrying...
NGAS has faced upside resistance and has formed a sell setup now. SL day high.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.78). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NGAS is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
As per trend it will go down to 1.14
See. The chart, this self explanatory, how a periodic cycle work, properly in price action.
I think NG will follow and respect the Weekly Trendline and a short position can be took on the Marked spot keeping a very Small SL and Open Target , Closing above that trendline will only open the gate For the NG for new trend
NG is moving in a weekly range ,, buying near a level of 1.633 is advissable
will natural gas take resistance from the the above trendline and comes down for retest ?