Stocks continue to grind higherDiscussing all the major indices. Market signals and some latest earnings.
SPY, QQQ, DXY. Yields, Gold, Silver, Oil, Natural Gas,
Natural Gas
NATURAL GAS: Short term buy signal may be emerging.Natural Gas is very bearish on the 1D time frame (RSI = 36.041, MACD = -0.435, ADX = 40.625) with the RSI a few days back even oversold as since the December 15th Triple Top it has been falling non-stop.
That fall was initiated not just because of the Triple Top but also because of the RSI's Lower Highs (LH), which flashed a Bearish Divergence.
The price this month has been ranging sideways within the 2.340 Support and the 2.655 Resistance. Being this time on a Triple Bottom and with the RSI on HL (Higher Lows) we expect a short term rise to start if the price crosses the 4H MA100, which is untouched in 2 months. We will target the 4H MA200 (TP = 3.000).
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Natural Gas - Long view for next tradeThis is my view for Natural gas in the short time.
If the price break the resistance area I will open a long trade with target near 3$ area..
Stop below tha actual minimum area with a very light loss.
dont't open long position without the breakout ...
only for speculation not for investment.
CPI comes in hot, markets don't seem to care. CPI release today spiked yields but tech stocks brushed it off.
Will the divergence between bond & stocks play out in favor for stocks?
We disucss the SPY, QQQ, Yields, DXY, Gold, Natural gas, Oil, Bitcoin, Tesla, Nvidia.
Recap of my trade for todayGood evening and good afternoon for American traders, I shared an idea where I said to buy NATURALGAS and I want to give a quick recap in order to encourage new traders to hold their trades for long time.
I have drawn on the chart all the points I added contracts after the pullback on the vwap which plays a strong support and resistance role in my trading system.
After seeing the configuration I follow to close, I kept waiting for several candles and added on more contract just for fun since I sat the SL right below the last contract I opened and kept watching for a while what will happen, then I noticed low volumes and I closed at the end of the small candle.
See you tomorrow in a new trade !
Natural Gas, Still anticipating, here are the TargetsAm still convinced that this is wave 4, I marked My Targets from this Trade. i believe the chart is clear, if you have any comments, or any different Idea please let me know.
Good Luck.
BUY NATURALGASGood morning traders, I'm sharing with you my trade on NATURALGAS for today, I'm riding a long trend since we got a breakout of the channel with a high volume followzd up by a pullback on the vwap which represents a confirmation on my trading system.
Set SL and TP on your own
GAIL & Natural Gas FuturesQuite a corelation
GAIL ( black) & Natural Gas Futures (Red)
And since its a single product company, the coorelation is no rocket science.
Once done on a yoy PCH change the chart becomes very intuitive.
Natural Gas: on watch for a breakout!We discuss the latest daily and intra day price action.
Some education about basing formation and what we need to see to gain likely more upside.
Natural Gas at supportNat Gas, the widow maker - is at the 100 month ma (green line), which was a resistance level during it's consolidation and should be a support here. How much of a bounce it can get is hard to say but my guess is at least to 6 dollars sometime this year. This is a monthly chart.
Natural gas long setupHi traders.
Look my previous idea about natural gas. We were disciplined and did not try to cath a falling knife.
But now we believ the time is right for a trade. Cycles short term and long term point out a low this week
for a good entry.
We have a stoploss at 7.30 and target of 29-30 range. Trading symbol BOIL.
Hopefully our patience last few weeks will be rewarded.
I dont trade often, since i am only waiting and being patience, so the entrys are medium to long term.
And once we are inn we wait again for the profitt target to get hit. Being a good trader is having alot of patience,
and never chasing price, never trade if your emotions are out of whack, we need zen state.
BUY NATURAL GASGood morning, This morning I'm sharing with you another trade my team and I got in.
All I can say about the reason why I have bought is as you can see on the chart a pullback on the VWAP followed bu a high volumed candle which gave us confirmation to buy.
TP and SL set them on your own.
Natural Gas anticipating Wave 4Hello,
I think NATGAS completed wave(3) when it reached $2.41, if that support line hold, I expect a correction until $4.50 or even $5.00, however its too early to decide from which price wave 5 will start.
I believe the chart explain every thing. let me know if you have any comment.
good luck.
Nidal Khalid
Massive signal from the market today! Daily AnalysisWe discuss all the major indices and fundamentals heading into the important Jobs number tomorrow.
The market is in a vulnerable point especially if the economic data comes in better than expected.
Massive earnings tomorrow could add to the volatility.
2 important market signals today from 2 leading stocks.
Nat Gas Accumulation TimeWe're coming in to a zone near the $3 mark where we belive it would be prudent to start accumulating long positions in natural gas. Using Elliott Wave anaylsis in conjuction with fundamental analysis we're pretty certain there's a huge upside to natural gas. We're unsure as to whether this will be a wave 3 or a wave C to the upside, but ultimately that doesn't matter as both will provide us with an upside target of at least $10+. Fundamentally there will be a bigger surge in natural gas demand as it has become evident that the world is not ready for renewable energy to support our power needs (if it ever will be able to support us entirely) so 'cleaner' fuels such as natural gas will be used in the immediate and near term to meet the global energy demands. As always with trading we don't need to know everything, we just need to be on the right side of the movements to make money and we're pretty certain this is going to be a huge move to the upside in the coming weeks and months.
EQT | Great Entry Point | LONGEQT Corporation operates as a natural gas production company in the United States. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, natural gas liquids, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play. The company was founded in 1878 and is headquartered in Pittsburgh, Pennsylvania.
Natural gas cylces- New support soon? Cycles & sentiment- work in tandem
Natural gas now moving into mid-term cycle support
Daily Analysis: Powell Moving MarketsDiscussing,
Stocks, Powell, Gold, Bitcoin, SPY, Yields, DXY, QQQ
There may be an arbitrage opportunity in the stocks market.
Stocks & bonds diverging yet again.
Feb 6,22-NG-Going down still or SidewayI zoomed out to the Weekly chart so you can see just how brutal the price has dropped over the last 8 weeks.
Question is, will it continue? Or is this going to be a bottom?
Answer is to wait this week out to see if price levels out or not. Obviously if price ends the week below 2.3 then we are still going down.
I'm looking for a decent close around 2.5 or 2.6. Then I will monitor price next week to see if there is a chance to break up to 3.
Remember we are heading into warmer weather soon and we have had a pretty warm winter overall so supplies are pretty full. Price may not do much for the next few months.
We shall see what happens. Stay safe.
Heiko
Natural Gas looks interestingTake a look at this Nat Gas chart. It looks poised for a rotation of capital to come out of the SPY and buy it at these depressed levels.
Natural Gas: The Widow MakerNatural Gas is on pace for it greatest & fastest fall in price history.
Nat Gas is hitting technical support in one of the most oversold conditions ever.
We discuss some Nat Gas cycle history that may be useful in knowing how to trade Nat Gas.
Chevon $CVX could come back strongly & surprise short traders 🚨This is energy play at a low risk area. The sector has been beaten down severely for weeks and I am expecting a turnaround soon for CVX to make another ALT that could surprise many experienced traders who are shorting the energy industries now.
