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Natgaslong

Natural Gas - Bigger correction in this area?Hello traders, Today we will do an analysis for NATGAS. This commodity is in a big downtrend on the daily and weekly timeframe that started in August 2022. For now the higher probability move is a bigger correction in this area. On the 4h timeframe we expect the price to move to the upside and break the previous local high that it made on the 3rd of March. Once it reaches the area of the magenta rectangle marked on the chart we must see if we will have a continuation to the downside or it will continue making a bigger correction (upside). Another possible scenario is a move to the downside that coincides with the 70,5% Fibonacci retracement and then a move to the upside to break the local high. Please don't jump in, wait for your setups, no matter what, and don't risk more than 1% of your capital.
NLong
by financialflagship
NATGAS JUST CROSSED VERY POWERFUL LEVELPEPPERSTONE:NATGAS Hi! I've been trading in last 2 months very actively NATGAS. I have noticed there is very powerful level which we just crossed again. If 4h candle stay above then according to historical data we should have strong move up. Apart of this we have news about cold weather hitting Europe. So let's see. I'm long from friday and SL way above in profit but Im looking for adding more to my position. Under the actual price is sitting volume spike where we could rebounce even we had such a big move after todays opening. If not then I will look for entries for long. I'm not interested in short at the moment even I had most of my good profits from shorts. Good luck! M This is not any financial advise, always check the market before entering any position and like it if you find it useful NYMEX:NG1! SKILLING:NATGAS
PEPPERSTONE:NATGASLong
by Muzaaa
9
NatGas: Like a Balloon🎈Like a balloon, NatGas is floating further and further upwards from the support at $3.536. Although every now and then, there may be some gusts of wind temporarily disrupting the upwards surge, we expect that NatGas’s general tendency is to rise higher. However, as it is usually the case with balloons, they can lose air or burst. Accordingly, there is still a 45% chance that NatGas could fall below $3.536 and make a detour through the magenta zone between $3.360 and $1.994 before flying upwards again.
NYMEX:NG1!Long
by MarketIntel
NatGas: Ants in Its Pants 🐜🐜🐜NatGas seems to have ants in its pants, seeing that it has been fidgeting above the orange zone between $3.982 and $4.464 during the last weeks. As it has botched its first attempt to move upwards after finishing wave 2 in green, we expect NatGas to try for a second time. It should then rise into the green zone between $5.856 and $6.214 to complete wave 3 in green. After a moderate correction in wave 4 in green, NatGas should resume the ascent and climb above the resistance at $6.466. If its antics have sapped NatGas’s energy too much, though, there is a 40% chance that it could drop below $3.536.
NYMEX:NG1!Long
by MarketIntel
1