Natural Gas Long Term Outlook | Importance of 4H Trend change | - AMEX:NG AMEX:UNG AMEX:BOIL cant stress enough we need to change trends, even if it is a very big move it will just fade if no trends are changed
- need to change the 4h and daily trend to the bulls
- likely tightening up in a equilibrium into May, still holding the teal support line.
Naturalgasbuy
NATURAL Price hit the monthly support. A bounce on way.Price hit the monthly support. There will be good bounce from here at least to the level marked as first resistance. There will be a pullback there before deciding the further course of price action.
EWT – Is Natural Gas Prepared for a Reversal?In our previous article, we discussed impulsive wave C and its continuation. On 20 January 2023 , Price achieved our all given targets.
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Timeframe :
MCX Natural gas has accomplished the corrective wave B and started falling for impulsive wave C. Price has given a reversal from previous wave C, but it is no conclusive evidence that it has completed wave c.
When it comes to confirmation, Traders should watch the level of 313 . If the price breaks out the 313 , it will enter into the parallel channel. Traders can buy for the following targets: 321 – 340 – 366 .
Don’t forget prices are moving outside the channel, which is a negative point for traders. Bearish continuation is possible if the price sustains below wave (4).
I will update further information soon.
NatGas: Don't trip 🚶🏼NatGas is currently facing down and should leave the turquoise target zone to climb below the support line at $4.750 to complete the pink wave iii. Our alternative scenario implies, that the course could rise above the resistance mark at $7.064 instead, if the course would stay above the $5.337-mark. After the completion of the pink iii in our primary scenario, we're expecting the course to rise between $4.750 and $5.337 to finish off the pink wave iv, before dropping back South. The downwards slope should stretch until the turquoise target zone between $3.436 and $1.880 to end the green wave .
NATURALGAS - Bullish price action ✅Hello traders!
‼️ This is my analysis of NATURALGAS .
Here we can see that price rejected one more time from support zone, so I expect we can see bullish price action upcoming days, but for medium term perspective I see price to take out liquidity below support zone.
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NATURALGAS - Long from here ✅Hello traders!
‼️ This is my analysis of NATURALGAS.
Here we are bullish from an H4 timeframe perspective, so I am looking for longs. I expect bullish price action from here as the price fills the imbalance and could reject from the bullish orderblock.
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NATURALGAS - Long from bullish orderblock ✅Hello traders!
‼️ This is my analysis on NATURALGAS .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect price to continue the retracement to fill the imbalances lower and then to reject from bullish orderblock + psychological price level 7.000.
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NATURALGAS - Fill the gap ✅Hello traders!
‼️ This is my analysis on NATURALGAS .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect price to fill that gap above and the to make a retracement to look for a long from trendline.
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NATURALGAS - Important level ✅Hello traders!
‼️ This is my analysis on NATURALGAS .
Here we are around to an important level, as if price breaks out the support zone I will consider that we are in a bear market, which means I will look only for shorts. Also, we could see a rejection from strong support level.
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NATURALGAS - Breaks out the range ✅Hello traders!
⁉️This is my analysis on NaturalGas .
Here we are in a range for couple of weeks, I expect price to break out the range to fill the imbalance and then to reject from resistance.
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NATURALGAS - Long to resistance ✅Hello traders!
⁉️This is my analysis on NATURALGAS .
Here I expect bullish price action after price filled the imbalance from 6.613. I see price to take out buy side liquidity and to fill the imbalance from 7.667, where I expect to reject from resistance.
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Natural Gas | European Natural Gas Pipeline Closed IndefinitelyGazprom, the russian state-owned energy giant, cut indefinitely the flow of natural gas through the Nord Stream 1 pipeline into Germany citing an oil spill in a turbine.
This looks like the weaponization of energy flows by the russian authorities.
Russia will not restart gas supplies to Europe until western sanctions are lifted, official said.
My chart scenario is a triple top formation with short term price target for Natural Gas of $9.5.
Looking forward to read your opinion about it.
Jamie Gun2Head Trade - Buying Natural GasTrade Idea: Buying Natural Gas
Reasoning: Buying natural gas at a support level, currently in a strong uptrend
Entry Level: 8.909
Take Profit Level: 9.980
Stop Loss: 8.620
Risk/Reward: 3.71:1
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US Natural Gas Had Its Worst Day Since 2018: RSI falls Below 50US natural gas prices posted their worst daily performance since mid-November 2018 today, plummeting 17% to $7.2/MMBtu, as of writing, after Freeport LNG announced early Tuesday morning that it does not expect the export facility to resume full plant operations until late 2022 due to the explosion occurred on June 8.
The Freeport LNG facility has a production of 2 billion cubic feet per day, or around 16% of US LNG export capability, and has been operating at near full capacity in recent months.
The disruption at one of the largest US liquefied natural gas export terminals will put a severe upward pressure on European gas prices ( Dutch TTF ), which have been falling in recent months as Europe has significantly increased its liquified natural gas imports from the United States.
Technically, US natural gas prices are now testing the 2022 bullish trendline, with the momentum indicator (14-day RSI) dropping to 38, the lowest level since the start of the year.
A breach below the psychological threshold of $7/MMBtu would open the door for a bearish assault to the nearest support in the 6.50 zone (lows of April 25 and May 10).
⁉️ NATURALGAS Weekly Analysis I am still bullish on NaturalGas, as we are in a bullish market structure and we can see how the price rejected from bullish orderblock + psychological level 8.00$. I expect the price finally to fill that H4 imbalance, also to take out BSL (buy side liquidity) and liquidity above PWH (previous weekly high), then we can see a retracement until PWL (previous weekly low).
NATURAL GAS LONGS 📉📉Expecting bullish price action on NATURAL GAS after the gap fill, i think price will go higher to fill the bearish imbalances.
What do you think ? Comment below..
Quick deal on natural gas 16% profit for 5.5% Stop Loss "3:1"simple analysis
Trend lines have been relied upon
and volume analysis
and moving averages
NATURAL GAS 📉📉📉Expecting bullish price action on this pair but simply on a fundamental reason, price tapped on 7.0$ institional figure taking out some retail stops below this price area and for now we are going for the ATH - ALL TIME HIGH.
What do you think ? Comment below..