Day Trading Natural Gas ,  Using NG Futures Contract Charts.

This is what I was working since last two weeks. Natural Gas was in bearish for very long time. Right now, it look like NG find resistance at 3$ price.

NG day Trading

Day trading Natural Gas Monthly Chart

Natural Gas was in bearish trend for few months. When price reach 4.100 and pass this price, Sellers get so exited and start to sell till 3$ price. At this point,

Price was Over Sold .Buyers get in the market, with NG be in Sold.This was great opportunity for buyers to buy Natural Gas.

Day trading NG

Day Trading Natural Gas ,Weekly Chart

On this chart you can see clearly why I say 3$ was the lowest price and now we creating a resistance for Sellers and Support for Buyers.

Bullish Trend: I like the way buyers was moving till 4.100 price. they close above few time. On last move of Bearish Trend, Buyers lose Strength. This give a Sellers Signal to get in the market and  to try to bring price back to 3$ and maybe lower.

Bearish Trend: Sellers wasn’t able to close lower than 3.215 price. And if you compare Bullish trend with Bearish trend. We can see Buyers have more discipline than Sellers. What I mean by this, is, Buyers move together and Sellers are not,some sellers try to get to fast every time.

You also can see Buyers Discipline in volume.Buyers Keep same level of commitment during all the time, and Sellers are lost.

Natural Gas Trading

Day Trading Natural Gas on daily chart, Waiting for my price to go Long at 3.7

On this chart we clearly see ,since few days, buyers was working very hard to bring 200MA and 50MA together at 3.7 prices ( Critical price to control for buyers).

Right now, Sellers should start to go in market and bring Price down. Till Blue Area, where Buyers will waiting Sellers.

We can see in volume why I’m looking to see sellers get in market. On last move buyers din’t have any strength , and sellers din’t miss this chance to get in market. Now, let’s just wait sellers go to blue Area.