{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/nat-gas-engulfs-previous-two-candles-with-price-action-beeb-20th-may-15\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/nat-gas-engulfs-previous-two-candles-with-price-action-beeb-20th-may-15\/","headline":"Nat Gas Engulfs Previous Two Candles With Price Action BEEB | 20th May 15","name":"Nat Gas Engulfs Previous Two Candles With Price Action BEEB | 20th May 15","description":"The Natural Gas or\u00a0XNGUSD daily price action chart has formed a Bearish Engulfing Bar (BEEB) engulfing the previous two candles. This engulfing bar has formed after a large run higher in recent times with price having made a steep climb off a double low. As the daily chart shows below; price was down at extreme […]","datePublished":"2015-05-20","dateModified":"2019-08-05","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2015\/05\/1XNGUSDDaily.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2015\/05\/1XNGUSDDaily.png","height":"600","width":"800"},"url":"https:\/\/forexschoolonline.com\/nat-gas-engulfs-previous-two-candles-with-price-action-beeb-20th-may-15\/","about":["Price Action Charts in Focus"],"wordCount":228,"articleBody":"The Natural Gas or\u00a0XNGUSD daily price action chart has formed a Bearish Engulfing Bar (BEEB) engulfing the previous two candles. This engulfing bar has formed after a large run higher in recent times with price having made a steep climb off a double low.As the daily chart shows below; price was down at extreme lows before forming a base and double low. It was this final test of the support and double low that gave price the order flow needed to start the turn around back higher.Price has now formed the BEEB against this recent move higher and up at a swing high rejecting a daily resistance level. If price can break lower and confirm the the engulfing bar, the near term support comes in around the\u00a02.9500 area.From there if price can break lower, the\u00a02.8880\u00a0area could be the next area of support for price to move into. SPECIAL NOTE: The two winners have now been announced for the WIN a Forex Tester 2 Back-testing License! Congratulations to Daniel M and Sulaiman\u00a0and thank you so much to all of you who took part and entered this competition. Make sure you keep an eye out for our next competition and what our next cool prize will be. NAT GAS v USD Daily Chart Related Forex Trading Education– Day Trade on GBPUSD – *VIDEO*"}