XNGUSD | Forex | NG Breakout XNGUSD || Update |Feb 21st
Timeframe: 1-hour
After a gap-up opening, Natural Gas (NG) appears to be range-bound.
Strategy: Currently, the trend suggests a move towards the resistance level at 1.861. The price action indicates a consolidation phase, and the market is poised for a potential upward movement.
Key Level: Keep a close eye on the resistance level at 1.861 as a potential target.
This analysis is based on the, providing insights into the current market dynamics for Natural Gas. No financial advise!
NGAS trade ideas
#XNGUSD | Naturalgas update -19 Feb
🔸Timeframe: 4 hour
🔸Strategy: Bearish then Bullish
🔸XNGUSD expected trade above1.648, if sustain above it we can see further higher.
Rejection near 1.85 - 1.8
🔸US natural gas futures hit $1.55/MMBtu, lowest since June 2020, driven by high production, 🔸storage, mild weather, and Freeport LNG's export issues.
Winter's warmth increased inventories 15.9%.
Natural Gas - How to trade on Monday
Please refer to my previous live market analysis on this commodity where recommended buy at 1.618. Plotted is my wonderful indicator Rekhi144 which shows it has made a solid base at this price and closed at around 1.65. You can vouch that it is still in bearish mode because of following reasons:
(i) There is imbalance in left and right shoulders.
(ii) price closed under 100 SMA and 200 SMA.
(iii) it will take around 5 hours on Monday for the price to come in balance.
(iv) Then at least 3 hours next for price to close above 1.618 and make right shoulder heavier than left shoulder.
Short term target 1.71.
Conclusion: For the simplicity of understanding of all of us; at 4:30 price should be above above 100 SMA with 18 SMA cutting 36 SMA from below. If this is not the situation, wait for the evening session. I will keep you posted about the same.
Disclaimer: I am not a registered analyst with any of the National/ International agency. This is only for the educational purposes. Please consult your financial advisor before making any decision. I will not be responsible of any of your profits or losses.
Let you grow, May! I follow you.
Thank you
Natural Gas - Live Market update
Natural Gas has made head and shoulder pattern. You can vouch my indicator is showing a white dot on the right most side at 1.618 it is the right shoulder. Buy and forget. Immediate target 1.8 as shown by pink line above
Disclaimer; I am not a registered analyst with any of the National/International agency/ Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses/
Natural Gas - Live Market Analysis
Please read the notes on the chart and act accordingly.
Disclaimer. I am not a Registered Analyst with any of the National/ International agency and it is only for educational purposes. Please consult your financial advisor before making any decision.
#NATURALGASNatural Gas started its impulsive wave from 22 june 2020 and complete a 5 wave stucture on 6june 2022.
After that it form a flat correction from june - October and then after form a X wave and now it continues in a zigzag correction whose A & B wave are complete.
Now it in C wave that has same corrector as a impulsive wave .
So go on short on every rise with stoploss of end of 2 nd wave (3.03)
This view is on weekly basis.
Natural Gas - Update
Buy NG above 1.7138 only.
Disclaimer
I am not a registered analyst with any National/International agency. Please consult your financial advisor before making any decision. This is only for educational purposes and I will not be responsible for any of your profits or losses.
Natural Gas - update
Please read the notes carefully on the chart and act accordingly.
Disclaimer:
I am not a registered analyst with any of the national or international regulatory authority. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses. This is only for educational purposes.
Let you grow. May! I follow you.
Natural Gas - Live market update
1.8315 is the magical figure for Natural Gas. Please read the notes on chart as well, have patience and from here a lot of money will accrue in the commodity. It is not likely to be broken as per my view. If that is also broken then do not enter at all unless prices are retraced again above 1.8315,
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Natural Gas update
Please check the gap in weekly chart marked by white arrow on the extreme left. it will act as a strong support.
Disclaimer: I am not a registered Analyst with any national or international agency. Please consult your financial advisor before making any decisioon.
Natural Gas - Update
Catch Natural Gas at the low of 52 weeks as shown by the red waves.
Next Time candles have been provided on the chart itself.
Disclaimer: I am not a registered Analyst with any of the National/ International Agency. Please consult your financial advisor before making any decision.
Natural Gas - update
You can vouch that natural gas price is taking support at low of 5th February 2024 till now and today's next candles are
2-6-24 7:38 PM
2-7-24 12:04 AM
Check my indicator it is extending trend line from low of 5th and 6th February 2024, but these are two candles only and vulnerable once tomorrow's candle is make and low of that candle is not broken, the trend line will get affixed and long term upward movement will be assured.
Natural Gas and other Indian Stocks
Please do not short Natural Gas and Indian Stocks like UPL, Rajesh Exports, lux Industries, PEL etc.
Watch the lows of these stocks on 5th February 2024, these will not be broken, but recovery may be very fast or market may remain very slow to bring moving averages down. Be patient, please use EMA 144 in 1 hr chart. I will share individual details of these stocks in a little while, may be during market. Resist from shorting, exit all your short positions and be long to double your money from here.
Patience is required.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Natural Gas - update for Monday
Please read notes as mentioned on the chart and act accordingly.
Disclaimer: I am not a regisered analyst with any National or International Agency. Please consult your financial advisor before making any decision. It is only for educational purposes and not a recommendation.
Let you grow, May! I follow you.
#XNGUSD || 2nd FEB || Intraday | FOREX
🔸Timeframe:1 hour
🔸Strategy:Short
If fail to sustain above 2.050, then further downside will be seen like 1.983
Natgas prices hit a 9-month low after EIA reported a smaller-than-expected draw in inventories, influenced by warm U.S. temperature
Natural Gas - Live market coverage
Please refer to my earlier coverage on the commodity and read drawings on the chart itself, every thing will be crystal clear.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Natural Gas Live Market update
With 7:52 candle today which was pivotal , Natural Gas has made its base. Now it has a very strong support at 2.083, which is not likely to be broken.
Please remain invested unless this level is broken.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Natural Gas - Live Market update - Bullish
Natural Gas turned bullish this morning and is now heading for new levels to achieve.
Please read the notes as mentioned on the chart and stay invested accordingly.
Price levels have already been provided in the previous post. Today's time candles are as under:
2-1-24 6:34 AM
2-1-24 11:00 AM
2-1-24 3:26 PM
2-1-24 7:52 PM
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Natural Gas - Live Market update
Please read the notes as mentioned on the chart and act accordingly.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
#XNGUSD Weekly Update || Forex || 29 Jan - 2 JanHigh inventories and weak demand have constrained gains in European and North Asian LNG prices. Stay informed!
Bullish only above 2.164 ⚡️
expected target 2.32⚡️
Hope double bottom createdI think after long time underperformed, it's try to bottoming out process
Personally I m not trade this commodity
Natural gas as said yesterday will go up snd moving up sideOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Natural Gas
The problem with this commodity is low volume. There was no directional movement for the past.
But, now long term directional movement may come from the next week. For this crucial factors are:
1. Price Movement:
A.
2.22 was the level from where last swing started but it was created only by non US Countries. Now US Countries did not make any lower than this.
B.
Valid lower points are 2.124 and 2.015. Once these levels are completed, then only the circle will complete.
C.
As mentioned above, the low of the swing was made at 2.22 last time, the US (evening session) may like to go below this but it is not likely that it will go any lower that 2.015.
2. Time Movement.
I have marked three vertical candles on the chart
a. 1-22-24 11:31 AM
b. 1-23-24 5:15 AM
c. 1-23-24 10:59 PM
These candles are likely to form a trend line and then unidirectional upward movement for the next weeks to come.
So, Please wait for the candles till Tuesday and then the trend will automatically get cleared.
Will keep you posted.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
