PEG1! trade ideas
NG1! BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
We are now examining the NG1! pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 2.437 level.
✅LIKE AND COMMENT MY IDEAS✅
BEARISH DIVERSION RSI IN NATURALGASBEARISH DIVERSION IN RSI IN NATURAL GAS IN 4 HOURS CHART
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
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NATURAL GAS NEUTRAL TO BULLISH OUTLOOKRecent developments in the oil market have led to fluctuations in crude prices. Factors such as weak economic growth in China, the partial restart of Libyan output, and false reports about Saudi Arabia extending production cuts have influenced oil prices. The expiration of the Black Sea Grain Initiative may also impact grain prices and transportation, which could have implications for the oil complex. Additionally, the Joint Organizations Data Initiative (JODI) reported increased oil demand in several countries, driven by China, India, Saudi Arabia, and the US, while crude production decreased in countries like Saudi Arabia, Canada, and the US. Looking ahead, OPEC predicts a rise in global oil consumption in 2024.
From the technical point of view, MACD is showing bullish signal, while RSI is neutral.
As a pivot point might ne considered 74.06, if the price goes above that level, it might try to reach levels of 75.32, on the other hand, if the price keeps dipping, it might try the support of 74.06
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NG1! BULLS ARE STRONG HERE|LONG
Hello,Friends!
We are going long on the NG1! with the target of 2.631 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
Energy prices could go up - especially Natural GazHello
Natural Gas just had a breakout this friday (traders knew something?) and it is in wave (5).
Wave 3 and 1 are of similar size, with (3) being slightly bigger than (1).
It seems reasonable to bet on (5) being the extended one and going all the way to 161.8% of (3).
There is something happening in the world, we are seeing more and more "Rubicon crossed" events:
- Donald Trump disobeying congress and his supporters storming the capitol on June 6
- Imran Khan (Pakistan) supporters burning down politician houses
- Bolsonaro (Brazil) supporters were ready to assault government buildings with weapons
- Wagner walked on Moscow (might be a psyops)
You had more like this, less significant examples, such as generals in France addressing an "emergency letter" to the government, because of migrants in "ghettos" causing a lot of trouble and not having jobs.
And democracy is fading, in France votes are sometimes not respected (Europe votes), the government is ruled by some "shadow" EU government in Brussels, people other than boomers do not vote anymore, and the politicians know that if they do nothing the far right will be in power in a few years. So what are they doing to "save democracy"? I have noticed a significant increase in the number of migrants - there are now countless black men everywhere, they expect me not to notice? They are bringing in migrants for their votes! Democracy working as intended. This is what Sudan did to grab the oil fields if I am correct : send in the arabs south so the vote will be a "remain".
Germany is in a deep recession, Europe is falling to pieces, Russia is winning hard.
It is looking like the last years of the Roman republic.
Let the west fall apart so we may pick up the pieces.
This decade will see a significant shift in the world. As long as it means more money for me...
A big reason for the recession in Europe is gas prices.
Guess who is the biggest gas exporter? Russia.
Instability in Russia and Europe can lead to much higher prices.
Wagner went from 200km away from Moscow to 100km from Kiev, there is something fishy, plus now isn't Putin allowed to declare martial law and do whatever he wants?
Nothing ever happens, and it has been a slow slow year trading wise. But now things are moving (I hope) and prices will move to. If the US stock market could go away from uncertainty and confirm it's in a bear market that would be great, or it can go up I don't care. Might go up while everything is burning down, the gready morons in charge would rather see crowds play basketball with their freshly chopped off heads than see their net worth go down.
When you think a handful of greedy individuals are controlling the market : Vanguard + BlackRock + State Street + the FED = probably over 50% of the impact on the market.
And companies do whatever they tell them to, be it buybacks or the woke stuff, even as leftists threaten them violently because of buybacks, or right wingers now have embraced the cancel culture which is starting to hurt companies. Blackrock and Vanguard do not care, they control it all, if 1 company gets cancelled into bankrupcy they can focus on another one, they own them all and people still have to eat, makes no difference to them. Where are the anti-trust rulings? Where is the dissolution? If it gets broken apart by the government - OR if they get ripped to shreds by a private army / revolutionary leftists or fascists it's going to be raining money.
The never dying 80 year old boomers in government are going to have to go violently.
Putin is one of them, I do not know if he was a mastermind with what happened this weekend, or if he got old and failed to resolved the issue between Wagner and the MOD.
When communism ended in Russia a few people seized the opportunity and became the new oligarchs. Whatever happens next, it will be for us to seize the opportunity. I don't need to become an olygarch I'll be happy with a few really good trades. We have been bored out of our minds (at least since Bitcoin in 2017 minus the 2020 covid USD rally), we have slept long enough we are ready for crazy times.
Unlike other assets Natural Gas has been trending, I have big hopes for this one.
Something like this would be great (one can always dream) :
And for anyone living in Rus', I hope you stocked up on food and water (at least).
Good luck to all.
NatGas: Come on! 👏NatGas needs to show a bit more motivation to complete wave 3 in green, as we expect the corresponding top near the upper end of the white zone between $1.88 and $3.43. After the price has also dealt with the short counter movement of wave 4 in green, it should finish the green five part upwards movement, rising from the white zone toward the top of wave iv in pink. As soon as this is placed, we reckon with a significant downwards movement, which should lead to the low of wave 2 in green before the ascent can start anew. However, there is a 40% chance that NatGas could leave the white zone on the lower side prematurely, thus developing wave alt.2 in green earlier already.
Pushing the gasNYMEX:NG1!
Buy at 2.642 or lower
Stop: 2.614
Notes:
The model:
The Ingenuity Trading Model is a Geometric Markov Model with specific inputs related to Price, Time, Volume , and Volatility. The model attempts to predict local minimums and maximums in price on a daily and weekly basis. A fancy way of saying a trading system that detects specific patterns in price, time, volume, and volatility and indicates whether to buy or sell.
On winning trades after 1 day take at least 1/2 of the position off