Natural Gas ForecastWe see natural gas again nee down 2.00 /1.60price. Natural gas price 2022 December Under Natural gas price 2.00/1.60 coming possible from 3.10 to 3.90 level. But Friend time not matter when coming down,but 95% sure it's coming down.
I hope our idea help your trading. 🙂
USDNTG trade ideas
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.
Short NGNG has touched the resistance trend-line of daily time-frame. So the price of NG might fall. So here's my probability study in 4 hours time frame.
Entry: 3.064
Stop Loss: 3.1
Target 1: 2.997
Target 2: 2.957
Disclaimer:
This is the study based on my view. I can be wrong. Please apply your own study for entry, exit & stop loss.
TELL ME YOUR OPINION ON THIS AND THEN LETS MOVE AHEADI am gonna break the generational curse here, I am here on one mission , to bring out the best in you and teach you the best way to manifest good trades.
NATURAL GAS REACHED DAILY HIGH LIKE I SAID IN PREVIOUS POSTGiving you an idea into how i used instituional order flow to predict exact point where price reached. To all those who commented saying retail is gonna help, no amount of trendlines or macd rsi will help you predict with this precision
NATURAL GAS TAKING OUT RETAILERS AND MOVING TO DAILY LIQUIDITYAs a retailer you would have been probably stopped out below the support that i have marked below as a blue line.
In reality it was a well planned move to the upside.
Don't miss the great buy opportunity in NGASMidterm forecast:
While the price is above the support 1.400, beginning of uptrend is expected.
We make sure when the resistance at 2.250 breaks.
If the support at 1.400 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the support #1 at 30 and it prevented price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 1.640 on 07/20/2020, so more gains to resistance(s) 1.900, 2.000, 2.100 and maximum to Major Resistance (2.250) 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 58.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.650 - 1.550). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= 1.900
TP2= 2.000
TP3= 2.100
TP4= 2.250
TP5= 2.500
TP6= 2.700
TP7= 2.950
TP8= 3.650
TP9= Free
Once again price at 2.800 levelsPrice as discussed ( check related ideas) took support from the trend line and reached the resistance level 2.800 once again, expecting the price consolidate here and break this resistance levels to reach 2.900 levels which is the actual target for this pattern -> Flat top falling bottom.
Triangle pattern with target levels 2.900. Looking into higher time frames it is cleat that Price formed Flat Top and falling bottom pattern and currently it is moving towards the resistance levels that is the Flat top 2.900 levels.
At present price is forming a triangle pattern and it is rejecting and taking support exactly on the lines.
Wait for the price to reach the trend line and get into the trade if you are aggressive else wait for the break and enter the market.
NATGAS Update and New Trading SuggestionMidterm forecast:
2.200 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 2.200 is broken.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 1.640 on 07/20/2020, so more gains to resistance(s) 2.500, 2.700, 2.950 and more heights 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 74.
Trade Setup:
We opened 10 BUY trade(s) @ 1.94 based on 'previous Forecast' at 2020.07.29 :
Total Profit: 313 point
Closed trade(s): 109 point Profit
Open trade(s): 204 point Profit
Closed Profit:
TP2 @ 2.00 touched at 2020.08.03 with 6 point Profit.
TP3 @ 2.10 touched at 2020.08.03 with 16 point Profit.
TP4 @ 2.25 touched at 2020.08.04 with 31 point Profit.
TP5 @ 2.50 touched at 2020.08.17 with 56 point Profit.
6 + 16 + 31 + 56 = 109 point
Open Profit:
Profit for one trade is 2.45(current price) - 1.94 (open price) = 51 point
4 trade(s) still open, therefore total profit for open trade(s) is 51 x 4 = 204 point
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (2.330) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP5= 2.500
TP6= 2.700
TP7= 2.950
TP8= 3.350
TP9= 3.700
TP10= Free
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NATURAL GAS LOOKING BULLISH...! 09-06-2020NATURAL GAS IMP LEVEL IS 1.80 (CURRENT SUPPORT)
BUY ABOVE 1.83
TARGET 1.98
SL 1.75
INTRADAY TRADE FOR TOMORROW
