Natural Gas (NATGASUSD) coming to demand zone 💨Hello guys, Everything is clear on the chart for you like always. Next potential move of gas could be an upward. we have a strong support and demand zone at 3.3-3.5 $. So you can consider it and monitor the price's action in the circle to enter buy position.
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GAS
Natural Gas collapsing! Yet another deflationary signNatural gas in the US is collapsing. In part this has to do with LNG exports to the rest of the world being halted due to a fire to one of the export terminals. However in my honest opinion, there is more to it. It probably has to do more with the deflationary forces taking over, as high interest rates, money supply shrinking and inflation being too high, have destroyed demand to a very large extend. At the same time we are seeing progress in the energy space, with more projects and drilling taking place, as the ESG movement is taking a hit. The green movement needs to be sidetracked for a while, as we need cheap energy right now. Otherwise the war in Ukraine won't stop in Ukraine and we are gonna have famine in most of the world.
So where would I be looking to buy natural gas? Or until what level would I be willing to short it? Based on an average I created which includes several futures contracts, I think that closing shorts at around 5$ is a good idea, yet buying a lot of NatGas with significant upside, I'd say start buying between 3-4$.
NATGAS Long Update! Buy!
Hello,Traders!
Here is another dimension
To the NG bullish forecast
That I posted last week.
In there we established
That the price is about to retest
The long-term rising support line
From where the rebound is almost
Inevitable. Now, the price has indeed
Almost reached that support and today
We are taking a closer look at the gas chart.
As you can see the rising support is
Confluencing with the horizontal support level
Which reinforces our bullish bias
And we are already seeing a bullish reaction
So I think that we can expect a move higher
And a retest of the local
Horizontal resistance level above
Buy!
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NATURAL GAS BEARISH OUTLOOKThe cold weather in US had done little to support a price rise of the Natural Gas, while the consumption was lower than predicted.
The price of the gas had broken its support at $5.3 and might be heading further down, testing prices of 4.25 in the next couple of days. In the opposite scenario the price might try to reach levels of $6.07
RSI and MACD both are supporting the bearish movement with MACD histogram below 0 line and RSI below the 50 neutral line.
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Is GAS giving us a good entry into buy?The data indicates that gas supplies in the US are beginning to withdraw part of the stock from circulation, therefore, it would mean that Texas could possibly resume its activity.
Technically we are in a good support, which we will try to make purchases, without neglecting the corresponding stops.
Good Trading.
Diego Castro Trader.
Natural Gas to GrowIt seems NG has started a new impulse wave as it finished C move down in late October. The momentum in price sees a higher low, and a potential for a bullish continuation should see a test of $7.1 resistance level. Major resistance is seen at $9.7.
I see energy as the ONLY short-medium term gainer. NASDAQ has been underperforming greatly in the index range, and will probably continue to see lower demand as earnings have been disappointing, and Fed's tightening policy continues.
UGA | Gasoline Oversold | LONGThe fund invests in futures contracts for gasoline, other types of gasoline, crude oil, diesel-heating oil, natural gas and other petroleum-based fuels. The Benchmark Futures Contract is the futures contract on gasoline as traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration.
Natural Gas Futures (Road Map)!!!🗺️What are Natural Gas Futures ❗️❓
Natural Gas Futures can be used for hedging or speculating and can be traded nearly 24 hours per day, 6 days per week. Trading Natural Gas Futures allows hedgers to manage risk within the highly volatile natural gas price, which is driven by weather-related demand.
Natural Gas Futures is running in Heavy Resistance Zone & Important Trendlin & Resistance Line, and at the same time, it was able to pass the main wave 5 in this zone. So I expect Natural Gas Futures to go down to my🎯targets🎯 that I showed in my chart.
Where can Natural Gas Futures go (🎯Targets🎯)❗️❓
Target🎯: 4.67$-4.55$
Target🎯: 2.98$-2.84$
Natural Gas Futures Analyze, Monthly Timeframe (Logscale).
Also, we can see one of the valid candlestick reversal patterns (💫Shooting Star💫) at a weekly timeframe 👇
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$NGAS - Is the Gas Crisis Over? (Short Trade)$NGAS - Is the Gas Crisis Over? (SHORT)
With the Economy slowing, a variety of commodities are showing weakness, think about $OIL and $COPPER.
$NGAS is still retesting this channel breakdown.
I'm looking for shorts in this area as the potential rewards are huge.
The war in Ukraine may be coming to an end, and this could have an impact on the price of natural gas. If the conflict ends, it may be possible to increase the supply of natural gas from Ukraine, which could lead to lower prices. Additionally, Europe already has enough natural gas to meet its needs for the entire winter, which could also help to keep prices down. However, it is important to remember that the price of natural gas is determined by many different factors, and it is impossible to predict with certainty how it will change in the future on a fundamental level. The charts look good.
When in doubt, get out! Or tighten stops.
At least that is what I did with NYSE:DINO and it looks like I was right.
This stock was one of the first #oil stocks to breakout to new highs after the June correction, that's why I bought it.
Now it seems like is also the first to break below support levels. I´ll be watching the other #oil stocks.
Always manage risk! Never average down!
HYUNDAI IS ALREADY CARRYING LNG, DO YOU KNOW ⁉️Ranks analytical crew welcomes everyone!
Today we will analyze the shares of a curious subsidiary of the automaker Hyundai from South Korea.
Hyundai Glovis Co Ltd (#GLOVS) – Ranks score - 94 %
The company operates in 3 sectors:
🔘 Logistics (auto parts and industrial goods)
🔘 Ocean cargo transportation (auto and industrial goods)
🔘 Distribution (used cars and metals)
Future businesses that the company plans to develop:
🔘 Smart logistics (using the Internet of Things)
🔘 Hydrogen business (logistics of hydrogen transportation)
🔘 Used electric car batteries (transportation and processing)
Why is it interesting to Ranks analysts ❓
🥇 The company is a major logistics operator of international cargo terminals + participates in the supply of liquefied natural gas (LNG)
🥈 The company has an outstanding financial position + it pays dividends
🥉 Valuation multipliers are very attractive + 94% of analysts recommend buying
What are the risks ❓
❌ The company reported worse than expected earnings in the 3rd quarter
❌ Global fuel cost growth limits profitability
Oil & MAJOR SUPPORT but Weekly paints INTERESTING picWe nibbled on #Oil & not off anywhere near worthy to nibble more
We're not making any large trades as we want to hold BIG year gains
@ MAJOR SUPPORT & starting 2b oversold
🚨🚨🚨
Hmmm, look at 2nd chart & then 3rd, what do you👀
$XOM $CVX $PSX $MPC #energy