Natural gas is used domestically for cooking, as a power source, in agriculture, and in industrial manufacturing. Natural gas prices fluctuate constantly depending mainly on production issues, stockpiles, weather conditions, economic growth, crude oil prices, and more recently coal. All feedback is welcome: Best of luck if taking this trade. NGAS is setting up to break out. Ngas has turned bearish as the buyers are losing power.
The highlighted areas show the two attempts at bull runs but were succeeded by larger bear candles showing a stronger bear. This indicates a bearish outlook. Ngas broke an important support today Possible scenario on the chart Best of luck. Here is a short term view of Ngas, hoping to cross 3. Its a good long rn and you set first tp at 3. There is triangle pattern break out in Natural gas. It is ready for a blast so go long for the target of 3.
NGAS has officially broke out of the triangle and is on its big up move for the winter. I see some good space for pips of longterm bullish movement. Winter demand is here. Natural Gas NGAS is a fossil fuel formed from plants and animals buried underground and exposed to extreme heat and pressure. There was a great action on ngas this week I think we are in the hands on bulls again but after some consolidation I made a time and price fib and its really interesting to see the future price action I hope you like it: Price might bounce from this support level.
Everything mentioned in the chart Best of luck. Risng Wedge Natural Gas. Based on chart and supply. Show More Ideas 1 2 3 4 5 From the creators of MultiCharts. Select market data provided by ICE Data services.More...