#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⚡️
XNGUSD trade ideas
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.
Natural Gas - Live Market Analysis
Drawn are two white horizontal lines. Lower one showing support for the December 2023 Month and Upper month showing resistance for the January Month. Once high of candle of 2nd January marked by upper white line is broken, then only buy.
2.5 is major support for the commodity. Tomorrow's candle of 5.56 p.m. as mentioned in case of US Oil will decide the future trend for both the commodities. Till then, relax. Next Target will be 2.8.
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.
USNATURAL GAS || Update - 1st Jan The current outlook for the market appears to be bearish. However, it is advisable to exercise caution and wait for confirmation before making any trading decisions. This approach involves assessing additional factors, such as technical indicators, fundamental developments, or potential market catalysts, to validate the bearish sentiment.
N G Update
Please read the notes on the chart.
Disclaimer: I am not a registered analyst with any National/ International Regulatory Authority. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits of losses.
Natural Gas - How to trade on Monday
Please read the notes on the chart for execution on Monday.
I am duty bound to answer all your valid questions.
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 - MCX
Dear Friends: Here comes the new year and gives an opportunity to analyse what came by in the last year; where we did well and where we went wrong. If it was all good, we should continue and if not find out the mistakes and be far better.
Please read the notes on the chart there is a lot to learn and follow.
We will continue to learn and earn. Our moto is just to time the market.
Thank you
Natural Gas - Live Market update
Natural Gas Prices seem to be stuck up in the grey triangle today. Let it break out of it then only there could be any movement in either direction. 2.58 could be the next target.
Time candles for today are
12-28-23 8:28 AM
12-28-23 12:54 PM
12-28-23 5:20 PM
12-28-23 9:46 PM
12-29-23 2:12 AM
Natural Gas - Update
Candle 12-26-23 9:00 PM; which was pivotal has provided support for the commodity. Details of how to trade tomorrow have been mentioned on the chart. Time candles for tomorrow are
12-27-23 5:52 AM
12-27-23 10:18 AM
12-27-23 2:44 PM (Pivotal)
Still have a question? Please ask me in the comment section, I always feel duty bound to answer.
This is the only way for all of us to learn and grow.
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
Natural Gas showed its signs of bullishness in the last two weeks. Please read notes on the chart.
Simple conclusion:
Buy only above 2.46 and whenever it is broken, please exit. Do not sell. Go slow for the next week.
Candle 12-26-23 9:00 PM will set future trend.
Still have a question? Write in the comments for clarification.
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.
NG Price update2.4608 is the crucial factor today, NG will be bullish before this only. Avoid to buy before today and wait for next working day only.
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.
NG - Update
Marked are the supports in white and resistances in red on the chart.
Following are the candles which are important today. (UTC+5:30 time standard in Trading view).
12-22-23 10:36 AM (Pivotal) If price goes above high of this candle then Buy else sell. otherwise seek reversal from any of these candles.
12-22-23 3:02 PM
12-22-23 7:28 PM
12-22-23 11:54 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.
NG - Update
If 2409.792811 is maintained it is 360 degree Level, do not get scared next big target of 2559.311733 is on the cards remain invested till 9 tonight.
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.
NG Update _Live Market Analysis
2360.953171 This is a very crucial level for NG. So, long it is trading above this level do not worry at all. Buy and forget. Next Levels 2385.310491, 2409.792811
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.
NG - Live Market Analysis
Please read the notes mentioned on the chart. There are two white lines drawn, if price goes below the lower white line, wait or the price to retrace above it and when goes above the higher line, its good buy whenever it comes back below it - quit.
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 - Investment Vs Swing
I had the desire to discuss with my great friends here the topic "Topic - INVESTMENT VS SWING TRADE".
Now, the time came to show you something amazing. In the year 2023 which is almost coming to an end Natural Gas Prices moved only 1$ or say 1.5$, whereas it made swings of almost 10$ or may be more. It explains every thing.
Let reach at some conclusion:
a. We have to trade always with the trend.
b. We dont have to marry a stock/commodity rather have friendship, so long as the stock/commodities are moving in our direction, be with it else say buy immediately. What we do is that we trade/invest with emotions and not emotionless. To succeed with have to be ruthless and work as a machine. Believe me all of us have lost money because of this only.
c. There are some zig - zag figures I have drawn for analysis of all of us. Let us read these zig-zag lines carefully and have exponential returns. All the experts/ or so called consultants may be guiding you in the best possible manner i.e. whatever they know - I dont criticize any one but believe me, we altogether are the best in the word and 10x returns are due to us.
If you agree or don't please share your opinion in the comment box so that we can get better day by day.
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 - How to trade
All the details have been provided on the chart. Still have a question or difficulty in understanding, please do not hesitate to write me in the comments, we are all learners; communicating with each other is the only way to grow.
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 - How to trade today
Please check the notes on the chart, be patient 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.
NATURALGASAs per the chart, I hope this can be bottom for the natural gas. from here onwards we see upward journey.
this is just an idea ,not a recommendation to buy or sell
Natural Gas - Wave Structure
Some older stocks and commodities have a very complex wave structure but Natural Gas is easier to understand in higher time frame.
I have taken Natural Gas in 14 Days time frame and it is very easy to understand. The whitish line is depicting overall wave movement and red line I have drawn for every body to understand.
So, the new wave has started and it is clearly visible from the chart.
Also check 1H chart attached. It has started upward movement but still has resistance at 2.42
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.
