Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

NATGAS analysis & trading plan - 2 July 2024 #trading #fyp #forex #forexsignals #forexeducation

2 Jul 2024 · 1 min

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In this brief video, Vladimir Ribakov presents a technical analysis of natural gas (NG) and outlines a trading plan. He identifies a short‑term buying opportunity as the daily chart bounces off a strong resistance zone, noting a shift from bearish divergence to bearish convergence on the MACD. He explains the divergence (higher highs on price vs lower highs on MACD) and convergence (lower highs on price with lower lows on the MACD histogram). On the 4‑hour chart, he points out a clear bearish trend structure composed of three lower highs and lower lows, suggesting that after the anticipated short‑term bounce, the market is likely to continue downward, making long‑term sells favorable. He invites viewers to share their thoughts in the comments.

Chapters

Natural gas is providing very interesting buy opportunity. Short-term buys very likely, long-term sells. Let's take a look on the charts. The daily chart is bouncing off a strong resistance zone while completing wonderful technical conditions: bearish divergence flipping to bearish convergence. The bearish divergence is higher highs on the chart versus lower highs on the MACD. Bearish convergence Lower highs on the chart, lower lows on the MACD histogram. Four-hour chart completes bearish trending structure: three lower highs, lower lows. I do expect short-term bounces, and after that, further bearish continuation. What do you think about natural gas? Let me know in the comments.