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NATURALGASCFD trade ideas
Natural Gas buy on dips for the target of 9.525 any dip will be the buy opportunity and support will be treated as a stoploss as of now keep the position light
💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 5.194, resumption of uptrend is expected.
We make sure when the resistance at 8.176 breaks.
If the support at 5.194 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI support #1 at 43 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 6.485 on 04/25/2022, so more gains to resistance(s) 7.458 and maximum to Major Resistance (8.176) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 61.
Supports and Resistances:
8.827
8.176
7.458
6.520
5.835
5.194
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NATURAL GAS LOOKING GOOD IN 4HR TIME FRAMENatural gas is looking bullish
REASONS
1. Recently given a breakout of its flag and pole pattern.
2. Breakout of an inverted head and shoulder pattern.
Reasons for the target and stop-loss
1. the high of this commodity has been taken as a target as per the rules of the pattern.
2. volume profile is also supporting this commodity and also the 50ema.
3. so with the support of both indicators stop loss had been set.
Natgas analysis Natgas has been very bullish for a while however now we have some bearish indication on chart,It can fall till 6.372 in coming days
US NATURAL GAs XNGUSDEveryrise use to sell targe 5.5 to 2.5,, clear cut its sell safe trader can sell after weekly red candle,, strictly avoid long position if have so book as ap
NATURAL GASBREAK DOWN OF NAT GAS
Wait till the closure of the candle below the Blue line
manage risk
LONG VIEW ON NATURAL GASDear Buddies!!!!!
My view on NG is Bullish
Following is my study
1. My Time Frame is Hourly Basis
2. Price Action: Morning Star is Printed on a Long Term Support
3. Stochastic Just Gave a Positive Cross Over
4. My Setup is : Fake Break Down and Failed Bollinger Band Challenge
5. 5 EMA gave Positive Cross over to 13 EMA
6. Elliot Wave: My opinion is Wave C just ended and Wave 1 started with a bullish divergences clearly visible before start of Wave 1
7. One can be Bullish by making their stop loss below low of evening star upto targets till next major resistance
Alert:
I am Novice to the Market and at learning stage, this is just my opinion one must get ready for "what if analysis" and should accept the stop loss with full heart in case study goes wrong.
natural gas long going to 5 usdnatural gas long going to 5 usdnatural gas long going to 5 usdnatural gas long going to 5 usdnatural gas long going to 5 usd EASYMARKETS:NGSUSD
Natural Gas for short term Shorting Since 06-OCt Natural Gas is in a corrective move and is forming a Flat In Black ((A)) ((B)) ((C)).
It seems in formation of Last leg (5) Blue down as indicated in chart this will complete correction and one can look for BUYING opportunity for long term.
However to encash the smaller move in Wave (5) blue we have initiated a sell position with stop loss @ 4.045 in international market. MCX will follow same trend and corresponding trade can be initiated in MCX.
And after completion of Wave (5) in Blue we will be entering for a Long position for Higher Targets
Disclaimer:
These are personal views for academic purpose , if anyone wants to trade please access your risk and consult with your financial advisor
Descending Channel Pattern for BuyHi All,
NG now in a channel pattern in Daily timeframe. Now can try long position.
for the more clarity on buy look at 1H/4H timeframe, there is a double bottom pattern but the trend line is not yet broken, once broken the target is almost the top of the channel.
Buy : Buy now or after the the double bottom's neck line is broke.
SL : 4.788
NOTE : Monthly is in correction of uptrend, so trade with strict SL and caution.
Natural gas CASE studyMultiple harmonic pattern matures around same levels,,
supply zone around maturity levels
let see whats in store
Natural gas - headed to a new highNatural gas looks like it has completed a bearish triangle sequence and looks ready for upmove
Can be bought with breakout above the marked level for new high, SL below recent low
R:R looks good at 1:2.5
NATURAL GAS TIME TO WATCH SELL OR BUY?
Natural gas forming head and shoulder pattern in daily timeframe. Daily trendline,demand zone,neckline coincide. so time to watch reversal candle or strong selling volume candle.if fresh selling we wait pullback to neckline
Natural gas ( Bullish View)NG break above 5.221 can give breakout from the current level in short term trade according to the given level .
Natural Gas overextended as hellNatural gas is right at the 1.414 fib extension w.r.t to the highs of 2018, the rsi is extremely overbought on the weekly charts, and the entire up move has been characterized by low volume.
I would not be surprised if we saw a 20-30% correction in the short term.
Keep strict stoplosses of right around 6.8.
Cyclic correction on Natural GasNatural gas range is default range is elevated to 3$, hence we can expect the same 3$ level from the current levels, patience is the key. Take calculated risk after deep analysis. as the liquidity is low at higher levels repeated Sl hunting will happen.Trade with cautious
natural gas for short time buy @ cmp
stop loss -4.898
target - 5.721
respect risk. trade at your own. this is for study purpose only
NATURAL GAS TESTING 5 HANDLE* XABCD 1.13
* ABCD 2.618 pattern
* 5.7 is strong resistance
* RSI extremely overbought on weekly timeframe.
