Key stats
Volume
—
Previous close
—
Open
—
Day's range
—
About Natural Gas (Henry Hub)
Natural Gas (NGAS) is a fossil fuel formed from plants and animals buried underground and exposed to extreme heat and pressure. Natural gas is used domestically for cooking, as a power source, in agriculture, and in industrial manufacturing. Natural gas prices fluctuate constantly depending mainly on production issues, stockpiles, weather conditions, economic growth, crude oil prices, and more recently coal. Natural gas is commonly measured in MMBtu, with 1 MMBTu equaling 1 million BTU (British Thermal Units).
Bullish Shark - Potential Trend Reversal ZoneNG may turn bullish if it takes support in this PRZ. With proper confirmation we can go long, else if pattern gets violated; GO with the existing trend.
Updated previous charts PRZ, as it was violated.
Bullish Shark - Bullish Trend ReversalTaking support around the PRZ of the Bullish Shark Pattern.
Expecting a trend reversal from these levels.
Natural Gas Short SetupNatural Gas would go down towards 2.146 for Wave C correction. Stop Loss can be just above the highs.
H&S - formation in progressH&S - it seems right shoulder is in formation means we can see a big downward movement and Breaking of support. It may rise from support though for complex H&S pattern. Keep an eye as the pattern is still not complete, but trend line resistance is obeyed.
Study of H&S in Natural GasHead and Shoulder is one of the most reliable patterns that can give you better returns
See all ideas
