As pattern often repeat themselves, natgas operate in his bottom area 1,50 /2,00 and can evolve in this range few times.This recent downfall brought the price down and its a good spot to try long since i can see it pushing up before any more downside. in larger timeframe rsi provide us a bullish divergence and is oversold but i tend to not give too much importance on "oversold" signal on NATGAS who can go lower for eternity...Regarding weather data it seems US will have cooler and slighty under average temperature for next coming weeks, but stock are still almost full. Only rigs cuts, withdrawl storage data and positive earnings reports of major NATGAS company will be able to bring natgas above the psychological price of 2 and make him hold above.
ความคิดเห็น
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And because i am really cool guy i provide you all the futur earnings DATE of all the major US NATGAS / ENERGY companies coming. after a little check up they are all healthy and in buy sentiment with all previous earnings above expectations. meanings the coming months will provide surely big up move for our Natty. April and May should be good opportunity to think of a buy setup regarding price action at this period.
please leave a comment if its useful or like the idea or if i have mistake on something regarding earnings date or analysis. reminding all this is not trading advice and you should trade accordingly to your plan and own ideas.
ความคิดเห็น
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Cherry on the cake i just notice we have NGS earnings today with ( natural gas services) with agaon all previous earnings above expectations so let's see how the publication of the earnings report today impact the natgas price. i did not dig into this company but we hope storage data plus earnings reports will provide us some volatility today .
ความคิดเห็น
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everything goes according to the plan for now . first target is 1,81. some earning report tonight will be priced tomorow so i think the up trend will continue until 1,81 area.
ความคิดเห็น
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Break up or rejection from here
ความคิดเห็น
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Natgas is on EMA 29 support and the bottom of his oblique support in 1H and 4H , need to hold to go higher or we can see it coming back to 1,63 if break down
ความคิดเห็น
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Still waiting for higher push up around 1.81 area before going down. let's see what the market will offer us today.
I am also expecting min 1.82 or higher on later days my TP 2.10+
BigBear007
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Trash…todqy EIA bearish report..15:30 new low watch and learn..
Trading_Flight
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@BigBear007, ok... bearish report did nothing but pump natgas by 6%. EIA reports means nothings you should know that it just trigger volatility. we have already saw bearish report make pump and bullish report triggering dump. this time the report made move the price by 0.001 meaning nothing and then natgas continue to go up. tommorow will be up to be in my opinion. so ty for your short money i took a bag on this pump. but yes i keep to watch and learn. thanks for this trash comment by the way let me know when you produce some analysis i can't see on your profile..
@BigBear007 it dumps because of the eia report of yesterday ..? 😶🌫️ still can't see the lower low ..👀
BigBear007
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@Trading_Flight, Per Bloomberg report: Freeport Train 3 restarting, but repairs expected for liquefied natural gas export facility’s other two trains + warm forecast = bearish...i have open another short from yesterday high 1,750
I hope your Ngas Analysis is correct because 3 times was rejected to fall in Nymex nat gas at 1.645. So Monday may be gap up after that try to reach near 2.00 or above within 3 to 4 Days. This up move may be happen because of roll over. Wave 1 and 2 completed Monday onward wave 3 will be trigger if gap up.