03-01-2025 Natural Gas longNow from here onwards, we can look for buy side opportunity GAP is completely filled.
Maximum down side potential is $ 3.30 level, only for today because next trading day is Monday (06-01-2025).
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NGAS.F trade ideas
02-01-2025 - NATURAL GAS!After filling the GAP, we can look for an opportunity to long NG.
As per the present situation, buyers can active anytime below $ 3.40 level.
Disclaimer -
1- I am not a Financial Advisor
2- This is only for educational purpose.
3- I am not responsible for any of your trades .
4- Your profits or loss are not my responsibility its on your own risk completely .
5- I simply share my views towards Market , So before taking trade consult your personal Financial Advisor .
01-01-2025 Natural Gas Analysis15 min Chart Analysis of Natural gas.
Till $ 3.37 level every buy move can be short
After $3.37 level:
1. If the price continue in downward direction - then wait for an strong buying pressure for a upside move.
2. If the we get a bullish engulfing pattern at the base - then we can see an up move till $ 3.72.
Disclaimer -
1- I am not a Financial Advisor
2- This is only for educational purpose.
3- I am not responsible for any of your trades .
4- Your profits or loss are not my responsibility its on your own risk completely .
5- I simply share my views towards Market , So before taking trade consult your personal Financial Advisor .
Double Direction Move from now on Natural Gas.Reference from Previous Analysis - Reached $ 4 level.
A rejection from $ 4 level is seen. Now natural gas is in a position from where the seller can take action and try to bring the price to $ 3.40 and fill the gap which is pending or the buyer can take the control and can touch level $ 4.30 and from there we can see a selling move.
In this kind of situations,
* If level $3.40 is tested we should be ready to buy.
* If level $4.30 is reached then we should be ready to sell.
In between we should avoid taking any trade.
Disclaimer -
1- I am not a Financial Advisor
2- This is only for educational purpose.
3- I am not responsible for any of your trades .
4- Your profits or loss are not my responsibility its on your own risk completely .
5- I simply share my views towards Market , So before taking trade consult your personal Financial Advisor .
NG Ready to go Up.... Ascending Wedge PatternNatural Gas creating Ascending Wedge Pattern...May it come back a little bit to form double bottom in 1 Hour Timeframe....But it may reach till 3.3 dollers....If we will be lucky enough it will give breakout or it will create a short oppertunity for us again near 3.3 to 3.5 doller zone...Hope for the best....
Natural Gas - Bearish DivergenceAs per my study and Elliott wave pattern analysis that Natural Gas peaks at end of its Impulse Wave. It is also found that it makes bearish divergence between Wave 3 and Wave 5 as shown in the chart attached, Price makes Higher high and MACD makes higher low or equal low, that indicates NG loses its bullish momentum to start its corrective wave of ABC. Kindly validate my understanding and correct me if i am wrong.
Natural gas trying to make bottom biy near recent low Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2% )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2 %)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6 %)
Target 5- ( T5 : 88.6%)
Target 6- (T6 : 100 %)
Target 7- (T7 : 127.2 %)
Target 8- (T8 : 141.4 %)
Target 9- (T9 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Naturalgas - 5 wave impulse done?CMP: 3.4100
TF: 4 hour
Looks like a 5 wave impulse from the lows at 1.9150 has come to an end.
The final leg (5th), seem to be incomplete though (if you consider marking 1-5); but that mostly looks like an abcde with e giving a throw over move spike.
Risk reward for longs is not good.
Also, Bullish BAT/CRAB formation seen on hourly TF. It is still at initial stages though. Invalidation level would be 3.6310
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
Natural Gas into Bullish Side....Natural gas taken Support from Daily timeframe EMA.....
Retraced from 61.80% retracement level towards upside.....3.5% is daily move from low to high....daily chart volume of candle increasing....EMA CROSS OVER in 1 Hour Timeframe....3.4 doller may be the first target...
natural gas longNatural gas has been in an uptrend on the daily charts for a while and after some correction on the daily time frame it has broken put from a head and shoulder reversal pattern on the hourly time frame. It is now re-testing the neckline support. This is a great entry point for a long in the commodity to capture the trend on the longer term time frame with a reasonable stop loss at the low below the right shoulder.
NATURAL GAS (THE - W CHART PATTERN ) #CLASSIC UPCOMING WEEK The W pattern, also known as the double bottom pattern, is a bullish reversal pattern that signals a potential change from a downtrend to an uptrend. Here’s a concise overview:
W Pattern (Double Bottom)
Definition: The W pattern forms when a stock’s price makes two distinct lows, separated by a peak in between, resembling the letter “W” on the chart12.
Components:
First Bottom: The price declines to a low point, indicating the end of the current downtrend.
Middle Peak: The price then rises to a resistance level, forming the middle peak.
Second Bottom: The price declines again, but this time to a higher low or the same level as the first bottom.
Breakout: The pattern is confirmed when the price breaks above the middle peak with increased volume12.
Trading the W Pattern
Identify the Pattern: Look for two distinct lows with a peak in between.
Volume Confirmation: Ensure the breakout above the middle peak is accompanied by high volume.
Entry Point: Enter the trade when the price breaks above the middle peak.
Stop-Loss: Place a stop-loss below the second bottom to manage risk.
Target Price: Set a target price based on the height of the pattern (distance between the bottoms and the peak) added to the breakout point23.
Nat Gas Support&Resistance Levels Nat gas structure is still bearish under 2.3500 but finding support on previous month lows area. Immeadiate resistance area is 2.2040 and immeadiate support area is 2.1000 check price action on these levels to take entries accordingly.
Abovve 2.2040 if sustains long for targets of 2.3000,2.3500,2.3999
Below 2.1000 if sustains below short for targets of 2.0867,2.0248,1.9473.
NG (XNGUSD) Weekly Technical Chart Analysis 09-13 Sept., 24📈 NG (XNGUSD) Weekly Technical Chart Analysis
📅 Date: 09-13 Sept., 2024
📊 Range Trigger Point: 2.45
📉 Weekly Range: 0.25
🟢 Buy Above: 2.37
💼 Average Position: 2.34
🎯 Buy Target 1: 2.61
🎯 Buy Target 2: 2.70
🔵 Stoploss: 2.29
🔴 Sell Below: 2.31
🎯 Sell Target 1: 2.30
🎯 Sell Target 2: 2.20
🔵 Stoploss: 2.39
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Natural Gas (Short) 1) The price is now at the daily resistance line from here the price can fall.
2) Price is below daily 50EMA and 50 EMA act like resistance.
3)Here a decline in the market can be expected after the 5 wave structure is complete.
4) there is double Bearish divergence in hourly
5)Fake breakout creates an opportunity