Natural Gas (NG) is hesitating near the 2022 high tested yesterday, digesting the strong bounce in the past week. Although the highly anticipated weekly storage data (on Thursday) could very well spark a daily close above the psychologically key 8 whole figure level, healthy profittaking is moderately likely post-storage…
Natural Gas (NG) has bounced off the 38.2% Fib retrace of the January to April rally, trying to halt last week’s slide from the 2022 high. Nevertheless, with the incredible volatility typically accompanying the highly anticipated weekly storage data (on Thursday), bulls should not rule out NG deepening in its correction to the 50% Fib by early May…
Natural Gas (NG) is consolidating in today’s Asia morning after soaring almost 6% yesterday. Significantly, NG has reclaimed the psychologically key 5 whole figure level and is testing the 2022 high…
Natural Gas (NG) is trying to edge higher going into today’s European morning as it breaks above a descending triangle resistance (on the 4hr chart). Significantly, NG is trying to bounce off the psychologically key 4.5 whole figure level and the 38.2% Fib retrace of the January to March bull market extension…
Natural Gas (NG) has edged higher in today’s Asia morning on the potential for the Russia-Ukraine conflict to escalate. Significantly, odds are suddenly high for NG to retest the psychologically key 5 whole figure level and the 2022 high sometime in March…
Natural Gas (NG) is firming after yesterday’s healthy profittaking, trying to bounce off uptrend support (on the 4hr chart) and the psychologically key 4.5 whole figure level. Significantly, NG is forming a weekly Gravestone, and somewhat of a triangle (on the weekly chart) suggesting a moderately low likelihood of NG sliding back towards triangle support in the next week or so…
Natural Gas (NG) is consolidating after rallying another more than 2.5% yesterday, and is increasingly well positioned to reversing the sharp selloff from the February high. Significantly, odds are high for NG to break above the 50% Fib retrace of the January-February rally, coinciding with the psychologically key 4.5 whole figure level, by the weekend…
Natural Gas (NG) is trying to firm in its 3rd day of consolidating, edging back towards the psychologically key 5 whole figure level. Significantly, with NG testing the 61.8% Fib retrace of the October to December 2021 slide, odds are fairly elevated for a deeper consolidation to begin Thursday following the highly anticipated weekly storage data…
Natural Gas (NG) is trying to bounce off uptrend support (on the 4hr chart) in today’s Asia morning, making progress in recovering after Thursday’s strong profittaking. Significantly, NG is extending Friday’s rebound from just above the psychologically key 4 whole figure level, with the catalyst for testing triangle resistance (on the daily chart) coming as early as Thursday’s highly anticipated weekly storage data…
Natural Gas (NG) is gaining for a 2nd straight day, extending the upchannel (on the 4hr chart). Significantly, NG has halted its slide since October by breaking above downchannel resistance (on the weekly chart), and is testing downtrend/triangle resistance (on the daily chart)…
