NATURALGAS - Corrective Rise in action?
TF: 120 minutes
Primary View is that the first leg of correction from 4.2170 has ended at 3.2983 in a 5 wave impulse on the downside and the price is moving higher (in corrective rise) to complete the B wave.
Internal counts are marked in this chart.
The ALT view is that, the A wave isn't compl
When the Market Yawns at a Breakdown — It’s Time to Look? Bullish Positional Setup Emerging
Despite relentless downward pressure, Natural Gas has landed into a previous demand pocket, holding the lows with surgical precision. A textbook case of seller exhaustion paired with invisible buying interest is unfolding on the 15-minute chart.
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Structure Obse
Natural Gas: Coiling for a Pop
After a steep downtrend, Natural Gas is showing early signs of a trend reversal. Price has formed a rounded base with volume pickup and a clean breakout attempt over intraday supply.
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Technical Rationale:
• Base Formation: Price consolidating in a tight range after exhaustion selling – classic
Natural Gas – Blow-Off Exhaustion Meets Supply Wall
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Trade Details:
• Sell Entry: 4.045–4.050 (current zone)
• Stop Loss: Above 4.065 (recent high and breakout wick)
• Target 1: 3.980 (minor support and first structure break)
• Target 2: 3.940 (gap-fill and prior consolidation)
• Target 3: 3.910 (trendline retest area)
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Thesis:
1. False B
Tactical Breakout Play on NG
Before diving into the setup:
It’s important to acknowledge that recent long trades on Natural Gas have underperformed, largely due to:
• Muted global demand amid mild temperatures
• Weak industrial offtake
• Limited U.S. LNG export activity, despite geopolitical tensions
This has translated in
Time to Light the Fuse Again
Entry Zone: 3.740-3.744
Target: 3.80
Stop Loss: 3.715
Rationale:
• Strong bounce off demand zone near 3.715 confirms buyer interest.
• Double bottom setup suggests reversal from intraday lows.
• Increasing volume on recovery candles adds conviction.
• Clear path toward the next resistance zon
Gas It Up Before It Blows UpCMP: $3.728
Direction: BUY
Target: $3.78
Stop Loss: $3.71
Rationale:
• Strong support retested around $3.718–$3.720 with buyers stepping in.
• Multiple wicks rejecting downside hint at accumulation.
• Volume picking up on green candles—momentum building.
Trade Plan:
• Buy between $3.725–$3.730
Gas It Up: Ready to Explode Above $3.70
Trade Setup:
Buy above: $3.705 (breakout confirmation above minor resistance marked in blue)
CMP: $3.697 (awaiting breakout confirmation)
Target Levels (Upside potential):
• T1: $3.735 – minor resistance from recent wick top
• T2: $3.765 – swing high from the previous impulse
• T3: $3.795
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Displays a symbol's price movements over previous years to identify recurring trends.