Long on Natural GasNatural Gas is showing signs of a potential reversal after retesting a key demand zone near $3.75. The chart suggests a false breakdown followed by an immediate recovery, which could trap shorts and trigger a move higher.
Trade Plan:
• Buy Trigger: On breakout above $3.78
• Stop Loss: Below $3.7
Elliott Wave Analysis on Natural Gas (XNGUSD) – Potential Wave 5We are observing a classic Elliott Wave structure unfolding on the Daily timeframe of Natural Gas (XNGUSD). Here's a breakdown of the current wave count:
Wave (1) started the initial impulse move up breaking the previous downtrend.
Wave (2) retraced sharply but respected the Fibonacci support zone.
Naturalgas downtrend Movement upto 3.2Symbol Naturalgas
Timeframe 1 hour
Analysis Breakout Below the suport line
can expect a downtrend movement upto 3.2
We hope our analysis is adding value to your trading journey.
Please note: Published ideas are for educational purposes only. Trade at your own risk.
Also, please respect the ri
Natural Gas - Why I am Bullish for last few months? LOGIC.A rise or fall is essential part of the market.A fall may be either a BUYING opportunity
or a SELLING opportunity. It all depends on the Trend.
In my previous post, I predicted a BULLISH Natural Gas on 3Month timeframe. But it does not mean it will rise each day for next 6 to 12 months. It will be
XNGUSD (US Natural Gas (Spot)) @ 3.975: Bull or Bear? Analysis oAs long as 4.707, we can see more fall towards 3.5/3.2/2.79/2.52
As of now, NG has done minimum downside target at 3.975.
I expect to see some correction towards 4.1-4.16.
More bullish scenario of the correction would be towards 4.26/4.44
Reversal from these levels 4.1-4.5, we can see another round
Naturalgas Uptrend Movement Expected upto 4.0Symbol Naturalgas
Timeframe 4 Hrs
A
Analysis : Breakout from the W Pattern.. Target expected is T1 = 3.7, T2= 4.0, T3= 4.6
We hope our analysis is adding value to your trading journey.
Please note: Published ideas are for educational purposes only. Trade at your own risk.
Also, please respect t
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.