Natural Gas : Once Again Big ShortAs you can see clearly, Natural Gas is going for Head & Shoulder Breakdown and can CRACK heavily
NATURALGASCFD trade ideas
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
NATgas short term is sell ! NATgas short term sell for target 6.380 and from this level it will go up if cross than closing day basis 6.845 thna target 7.325.
Natural Gas - SHORTNatural gas formed a double top on 1hr chart now it is trying to go its previous low and she can see that level in the upcoming days.
Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
NAT gas any time to give big movement on long side.!RSI divergence in one day time frame. if break and close above 6.820 and trade 4h above this level good to buy this risk reward favorable SL 6.490 closing basis
Natural Gas Possible Elliot wave countsNatural Gas, wave 2 of some lower degree is possible completed now, and now at same degree wave 3 may unfold next, with invalidation level of wave 1's low, which is pegged at $ 6.426
If it breaks low of wave 1 ($ 6.426) then it may be invalidate our current bias.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Natural Gas Looking good to go longNatural Gas is looking good to go long as per wave structures suggesting impulse to unfold, with invalidation levels of $ 6.725.
RK's mass psychological cloud is also suggesting positive ahead, along with macd positive support.
Natural gas had given trendline breakout along with good intensity of volumes on hourly chart.
After positive divergence, breakout with good intensity of volume
Overall wave counts
Double positive Divergences
MACD in hourly positive and now above zero line
MACD in 4 hourly positive crossover and uptick.
RSI in hourly above 60.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Natural Gas Bearish Rally no bullish for upcoming weeks Bullish not for few weeks waiting next month after 3rd or 4th week ,, we can see only bearish trend ... even crude also
Natural Gas Retraced near 61.8% !!!!A bearish Harmonic chart presented for the study purpose.
The chart gives the retraced picture.
Reached very near to the Golden ratio.
To show the accuracy of the chart
Triangle Pattern in NGA symmetrical triangle pattern formed in Natural gas
Both side levels are given for the price movements
Green shows upside
Red shows downside
NaturalGas Pull-back is to start as per Elliot Wave AnalysisAfter sharp fall from top of the wave 5 or we can say top of June month, it has fallen in five subdivided pattern as a wave A, which clearly shows that correction is in zigzag pattern, we all know some basic rules for zig-zag correction, that it comes in three subdivisions like A-B-C, and wave A always subdivides into an impulse or leading diagonal, and wave B always subdivides into a zigzag, flat, triangle or combinations, so here we are assuming that wave A has almost at the wedge of completion, and possibly wave B his ready to start as a A-B-C towards north directions, which can lead towards 61.8% of recent fall (wave A), which is near $7.571 or more towards $7.976, on the way down $5.30 is a support area to watchout for. However, pullback will just be a counter trend rally and once wave B rally is completed, then wave C will unfold, and decline of wave C should probably be equal to wave A.
Overall scenario
Sub divisions in wave A
Fibonacci retracement levels
Trigger point
Can be like this as per rules
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
