Natural gas regular divergence, Short order
Regular divergence
Overbought
R1 Pivot
Short order at R1
Naturalgassignals
NATURAL GAS Buy SignalPattern: Bullish Megaphone on 1D.
Signal: Bullish as the price bounced off the bullish trend-line. The 1D RSI is on an ascending Channel since February, indication that the bullish trend is getting stronger.
Target: 2.050 (Resistance).
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NATURAL GAS Buy SignalPattern: 1-month Channel Up
Signal: Bullish once the MACD turns bullish within the Triangle. Potential rebound zone as seen on chart.
Target: 2.030 (Resistance 1).
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NATURAL GAS Trading opportunitiesPattern: Channel Down with underlying Bearish Megaphone on 1D.
Signal: (A) Bearish if the price breaks the MA50 (blue line), (B) Bullish if the price breaks above the red Triangle.
Target: (A) 1.500 (just above the Support), (B) 2.140 (projected contact with the MA200 (orange line)).
Previous successful Buy Signal on Natural Gas:
NATURAL GAS Buy SignalPattern: Channel Down on 1D.
Signal: Bullish once the MACD makes the bullish cross.
Target: 1.700 (projected +15% rise from the low).
Previous signal:
NatGas Negative divergence and possible double-top on 4H!Going back to 2.375 by the end of next week if warmer weather and NatGas Storage numbers are supportive...
NATURAL GAS Sell SignalPattern: Channel Down on 1D.
Signal: Bearish as the price was rejected on the Lower High.
Target: 2.155 (the previous Lower Low and current Support). Extension can be made to 2.000 for risk seekers.
NATURAL GAS Sell SignalPattern: Channel Down on 4H.
Signal: Bearish as the price is near the Lower High.
Target: 2.350, which is the expected Lower Low based on fractal analysis.
NATURAL GAS Sell SignalPattern: 4H Channel Down.
Signal: Bearish after a Lower High was made yesterday.
Target: 2.641 (estimated Lower Low).
NATURAL GAS Buy Signal long termPattern: Fibonacci retracement.
Signal: Bullish as it rebounded on the 1M Suppport Zone.
Target: TP1 3.450 (0.382 Fibonacci) TP2 3.720 (0.500 Fibonacci).
