I want to share with you some Elliott Wave charts of Natural Gas Futures which we presented last month. You see the 4-hour updated chart presented to our clients on the 5/20/19. Natural Gas had a 4-hour right side tag against 2.910 peak suggesting more downside.

It ended the cycle from 02/27/19 peak in black wave ((v)) at 04/25/19 low (2.439). Above from there, we expected a bounce to occur. The bounce unfolded in an Elliott Wave double three correction. We advised members that Natural Gas should continue lower.  Therefore, we expected sellers to appear in the sequences of 3, 7 or 11 swings. At the 100 – 1.618 Fibonacci extension of black (w)-(x) which came at around 2.701-2.817 area and that was the first area for selling the commodity.

 

Natural Gas 5.20.2019 4 Hour Chart Elliott Wave Analysis

 

In the last Elliott Wave chart. You can see that it reached the blue box area. So traders could have opened a short position at the blue box. The Gas reacted perfectly lower. Any trades from our blue box area shown in the chart above were risk-free, which means the stop-loss should be moved to break even looking for lower levels.  Please keep in mind that the 4-hour chart which I presented has changed.  This blog should just illustrate how accurate our blue boxes are, and how our members trade our 3-7 or 11 swings strategy.

If you are interested in how to trade our blue box areas and want to understand how Elliott Wave works. Then I recommend you to get a shot on our 14 days free trial below. We present a lot of trading setups in our 3 Live Trading Rooms.

 

Natural Gas 6.02.2019 4 Hour Chart Elliott Wave Analysis

 

I hope you liked this blog and I wish you all good trades. And for all who are interested in learning more about our unique blue box areas and also want to trade profitably in 2019 then sign up for a free 14 days trial you can cancel anytime. Click the link and see you insight.

 

 

 

 

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Hello fellow traders. Another trading opportunity we have had lately is Natural Gas (NG #F). In this technical blog we’re going to take a quick look at the past Elliott Wave charts of NG #F  published in members area of the website. In further text we’re going to explain the forecast and trading setup.

Natural Gas have incomplete and a bullish Elliott wave sequence in the cycle from the February and March lows suggesting further strength.  Consequently, we advised our members to avoid selling and keep on buying the dips in the sequences of 3-7-11  swings.

Natural Gas (NG#F) 1 Hour Elliott Wave Analysis 5.17.2018

As we can see on the charts bellow, rally from the 2.695 low has unfolded as 5 waves, hence we labeled it as wave ((a)). Currently  the commodity is correcting the cycle from the mentioned low, doing wave ((b)) pull back. Inner structure of ((b)) wave pull back is counted as (w)(x)(y) Double Three.  As of right now we’re at the buying zone, equal legs (w)-(x)  2.793-2.781 where pull back should ideally complete. In the mentioned area buyers should ideally appear for further rally or 3 wave bounce alternatively which should allow us to get in a risk free position. Invalidation for the longs would be below 1.618 Fibonacci extension :2.761 level.

Natural Gas (NG#F) 1 Hour Elliott Wave Analysis 5.17.2018

Natural Gas has given us nice reaction from buying zone 2.793-2.781 and it has broken above previous peak : ((a)) black. As a result members are now enjoing profits with risk free positions. Mentioned break has confirmed that wave ((b)) pull back is done and next leg is in progress. As far as the price stays above ((b)) low and 2.695 pivot holds, we expect further rally.
Note:Market is dynamic and view could have changed in the mean time. Keep in mind not every chart is Trading Signal. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room.

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As seen in the daily graphic below you may notice it is absent of an Elliott Wave count. However the important dates with the swing highs and swing lows are highlighted that suggest the target area for buying that can be seen later. Currently Natural Gas is only showing a three swing move lower from 12/28/16 down to the 2/22/17 lows. From there it did another three swings higher into the 1/29/18 highs earlier this year. The sharp dip lower from there failed to give a clean break of the 2/22/17 lows. We have reason to think the commodity will follow through lower and complete seven corrective swings from 12/28/16. This reasoning is due to other correlated instruments in the markets. The longer term analysis is continued below the chart.

$NG_F Natural Gas Daily Chart

As mentioned earlier the commodity has not broken below the 2/22/17 lows as of of now. That break needs to be seen while the current bounce continues to show it will remain below the 1/29/18 highs. This bounce began from the 2/15/18 lows and shows a Fibonacci extension area at 2.838-3.011. As of now that is what should be seen in the near term before the expected break and swing lower.

Regarding some of the further back technical history of Natural Gas. The commodity made an all time high back in December  2005. This of course is not on the daily chart shown above. What is shown on the chart are the 3/14/16 lows that are of importance. Those lows are favored ended the larger cycle lower from the 2005 highs.

In conclusion, the cycle from the all time lows up to the 2005 highs is by most anyone’s standards seen as a bullish cycle. As mentioned earlier the dip to the 3/4/16 lows corrected that cycle. That became apparent it ended when Natural Gas bounced to the 12/28/16 highs. From there the correction lower shows an extension area on the daily chart at the 2.197-1.852 area. That has two conditions to happen while the commodity remains in a no trade area. The Fibonacci extension area remains the same while showing it will remain below the 1/29/18 highs. Lastly of course it has to break the aforementioned 2/22/17 lows.

Thanks for looking and feel free to come visit our website and check out our services Free for 14 days and see if we can be of help.

Kind regards & good luck trading.

Lewis Jones of the ElliottWave-Forecast.com Team