{"id":13451,"date":"2023-03-22T14:04:51","date_gmt":"2023-03-22T14:04:51","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13451"},"modified":"2023-05-21T14:07:16","modified_gmt":"2023-05-21T14:07:16","slug":"natural-gas-confirmed-our-long-term-view-now-turning-sideways","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/03\/22\/natural-gas-confirmed-our-long-term-view-now-turning-sideways\/","title":{"rendered":"NATURAL GAS Confirmed our long-term view, now turning sideways."},"content":{"rendered":"<p>Those who follow us for long, know that we tend to utilize long-term patterns, especially cyclical pattern that give a high probability of return as they filter out the day-to-day noise from the news. Natural Gas (NG1!) is no exception and our multi-year Cycles analysis last January proves that:<\/p>\n<div class=\"tv-embeded-image\"><a class=\"js-embeded-chart-image tv-embeded-image__link\" title=\"NATURAL GAS Astounding multi-year Cycles showing sell's not over\" href=\"https:\/\/www.tradingview.com\/chart\/NG1!\/FR99WMvL-NATURAL-GAS-Astounding-multi-year-Cycles-showing-sell-s-not-over\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"js-image-lazy-load\" src=\"https:\/\/s3.tradingview.com\/f\/FR99WMvL_big.png\" alt=\"NATURAL GAS Astounding multi-year Cycles showing sell's not over\" \/><\/a><\/div>\n<p>As the price continued to free-fall, we now find it useful to better explain the situation to you, to turn back to the 1D time-frame and compare the 2022\/23 Cycle to 2014\/15. As you see the correlation is fairly high. Both started on a 1D Death Cross, with the 1D RSI deeply overbought. As the price never broke above the 1D MA50 (blue trend-line) since December 20 2022, it appears that we are in a similar level as February 2015 when after a test of the first Support Zone (green), the price rebounded, got rejected on the 1D MA50 and then turned sideways to break it.<\/p>\n<p>It stayed neutral for basically 6 months before starting a new multi-month round of heavy selling. The signal to sell it again was when the price was at its closest to the 1D MA200 (orange trend-line). The downside potential is significant and goes lower than the previous Low of 1.450, which is our long-term target.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/NG1!\/a3GgtaOL-NATURAL-GAS-Confirmed-our-long-term-view-now-turning-sideways\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/NG1!\/a3GgtaOL-NATURAL-GAS-Confirmed-our-long-term-view-now-turning-sideways<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Those who follow us for long, know that we tend to utilize long-term patterns, especially cyclical pattern that give a high probability of return as they filter out the day-to-day noise from the news. Natural Gas (NG1!) is no exception and our multi-year Cycles analysis last January proves that: As the price continued to free-fall,<\/p>\n","protected":false},"author":611,"featured_media":13452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1638],"tags":[],"class_list":["post-13451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=13451"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13451\/revisions"}],"predecessor-version":[{"id":13454,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13451\/revisions\/13454"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13452"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}