USDNTG trade ideas
Short in Natural Gas for the target for 1.600 to .1570The price is taking considerable resistance against the dynamic resistance/trend line.
A strong price rejection can be seen in 4 hours time-frame. This could attract more sellers or even make the existing buyers to change side.
Overall a channel is formed. However, we can see more or less similar volume of buyers and sellers during both corrective and impulse waves.
The fib extension value comes around 1.565 zone. However its recommended to exit during the first opposing force (buying pressure) which can be expected around 1.600 to 1.570.
CMP 1.730
Note: Kindly do your analysis before taking any entries and the above is purely for educational purpose only.
Long in Natural Gas till 1.768 to 1.778The price is consolidating near the recent resistance zone of 1.685 to 1.705.
This implies buyers were able push the price till resistance; but sellers are not strong enough at the resistance point to push the price lower.
But, buyers are able to hold it higher. Anytime the price can burst to next resistance of 1.768 to 1.778.
Hence buying is recommended at current level of 1.684;
Kindly do your analysis before taking any trades.
Long in Natural Gas (Short-term) till 1.825 to 1.850Ascending triangle pattern is seen in NG (like in crude yesterday), this implies buyers are in control.
The price comfortably closed above the triangle's top (1.730 zone).
Buyers can push the price higher from here till next supply zone of 1.825 to 1.850. Post which they would take a breathe or rest - will be decided later.
As of now, its a temporary buy.
Carrying this trade over night is not recommended. Sticking to intraday is advisable.
Note: This is purely for educational purpose only, please do your analysis before taking any trades.
Don't miss the great buy opportunity in NGASTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.78). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NGAS is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 2.02
TP2= @ 2.21
TP3= @ 2.49
SL= Break below S2
Natural gas will be 1 doller this month!!!!!See. The chart, this self explanatory, how a periodic cycle work, properly in price action.
Where to short I think NG will follow and respect the Weekly Trendline and a short position can be took on the Marked spot keeping a very Small SL and Open Target , Closing above that trendline will only open the gate For the NG for new trend
SHORT NEAR 1.997will natural gas take resistance from the the above trendline and comes down for retest ?
Don't miss the great buy opportunity in NGASTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.90). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NATURAL GAS is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. While the RSI resistance #1 at 43 is broken, so the probability of the beginning of an uptrend is increased.
Take Profits:
TP1= @ 2.09
TP2= @ 2.21
TP3= @ 2.49
SL= Break below S2
Natural Gas#Natualgas 2H chart bounce from strong support level we can see now 1.880-1.900 levels in coming days with the help of 1.831 level.
#Technicalanalysis
Naturalgas might have bottomed outNaturalgas showing signs of bottoming out. Now it seems like good buy for long term
1) Currently at multiple monlthly support near all time lows
2) Hovering near big capitulation wick
3) Now testing bottom yesterday's big bullish candle
We will never get this kind of risk to reward anytime soon, if this works as expected
Natural Gas ready for Bullish TrendNG Positional Buy trend starts once it close above 2.180, on short-term target of 2.250, on medium term 2.310... keep stopl-loss if closes day's below 2.116
