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GAS

Conservative Line and Big Risk/ Return Line Hit, Whats Next?Surpassing conservative and taking bigger profits as indicated in the graph, that leads us to a reassessment of the next big move to come. First of all congratulations to those who took some short term gains from the previous analysis I provided. Lets agree that sometimes we make calculated risk and some luck is involve. Learning to trade on a fine balance between graphical and sentiment values are key to becoming a somewhat successful trader. Analysis Natural Gas: Price started off lower in the reopening of the market, due to some warmer weather spikes up in the North eastern region of the USA lowered demand in Natural gases, no new declaration of bankruptcies in the supply sector. Graphical Sentiment: Downtrend in Short Term trades (4-6hrs) is still a strong Put, likely to hit the 1.850 Region before a slight rally to hit this evening towards the 1.930 mark. Geopolitical Sentiment: Trump is yet to make his appearance in India, that could overhaul the prices of Natural Gas in a big price shift (upwards), likely to take place over the next 2 to 3 days. For Swing Traders: 3-5days Position Long holding could see some serious movement in prices: Recommended trade position: Hold a Long position for big price hike likely to mature by end of the week. Target 1.990 (Conservative) 2.050 (Big Risk Big Return Line) For day traders: Target 1.850 ( Conservative Line) 1.790 (Big risk Big Return Line) SELL POSITION/ SHORT by 9pm EASTERN TIME.
NLong
by gabcheok
Don't miss the great buy opportunity in NGASTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.90). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NATURAL GAS is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 51. . While the RSI resistance #1 at 43 is broken, so the probability of the beginning of an uptrend is increased. Take Profits: TP1= @ 2.09 TP2= @ 2.21 TP3= @ 2.49 SL= Break below S2
NLong
by ForecastCity
8
Don't miss the great buy opportunity in NGASTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.90). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NATURAL GAS is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 51. . While the RSI resistance #1 at 43 is broken, so the probability of the beginning of an uptrend is increased. Take Profits: TP1= @ 2.09 TP2= @ 2.21 TP3= @ 2.49 SL= Break below S2
NLong
by ForecastCity
12
Volume Indicator, Gas Starts To Fly (100%+ Mapped)GASBTC is starting to fly and we have really good volume coming in... Let's take a quick look at the volume indicator. We usually mention volume as a very important signal/indicator when it comes to TA. Any move that happens we always look for volume for confirmation. Good volume is good for the bulls we always read/say. Recently the market cycle changed from bearish to bullish, and we are seeing strong bullish action on low volume in some/many cases... This isn't a bearish signal anymore since we are in a bullish cycle, it is more of a "continuation" signal. So if you see a bottomed out altcoin producing a low volume break above EMA10 and EMA50, instead of seeing this as a bearish signal telling you that prices can quickly reverse because there is no volume support, instead we see it as just the beginning since prices are moving higher and the trading volume is yet to come. When we looked at GASBTC, we can find a good example of what I just wrote. There was no big volume when breaking above EMA10 or EMA50 (just the beginning), but prices kept on moving higher and there is big volume now to challenge EMA200 and for GAS to continue going up. Yes! We continue to look at trading volume for confirmation, but this can be better used now when it is time for a drop. If prices drop on low volume, you can take it as a signal of a retrace that won't go for long. But if prices drop on big/above-average bear/red volume, then you can take it as confirmation that prices will likely continue to drop. That's the volume indicator based on my experience after years of looking at these charts. Namaste.
Education
by MasterAnanda
7
UAE found the Natural Gas suppliesUAE announced a gas discovery in the area between Abu Dhabi and Gabal Ali in Dubai. The gas reservoir called “Jabel Ali Project” will support the UAE economy and ensure sustainable growth. The project covers 5 thousand square kilometers and could generate 80 trillion cubic feet of gas. It’s one of the most significant discoveries of natural gas, which strengthens the UAE’s position among the countries with the most extensive stocks of natural gas in the world. Moreover, the state aims to achieve self-sufficiency with the development strategy prepared for the next fifty years. Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the UAE, and Sheikh Mohamed bin Zayed al Nahyan, Crown Prince of Abu Dhabi signed a strategic cooperation agreement between Abu Dhabi National Oil company “ADNOC” and “Dubai Supply Authority.” According to the agreement, ADNOC will invest and harness technology and expertise to develop and produce discovered gas resources. In addition to conducting new surveys and exploration in the region to assess more gas resources. And perform a final study of the cost of its production. Therefore, under the partnership between the two sides, the Dubai Supply Authority will receive produced gas from ADNOC. However, which will contribute to ensuring energy security, support Dubai’s ambitious plans for growth and enhance its position as a global economic center.
OANDA:NATGASUSDLong
by Financebroker
Top and Bottom analysis on Natural Gas (NG) by ThinkingAntsOkUse this as a guide to develop your view on the Chart. Main Items we can see on the 4hs Chart: a)After the breakout of the Massive corrective structure, we saw the beginning of a new bearish motive wave b)Our main target for the end of the bearish trend is the Daily Support zone at 1.650 c)The main structure for the down move is a descending channel, is very important to pay attention to it and see if the price keeps respecting it. d)If you have a short position opened the support zone can be an excellent target e)If you want to open Long positions, wait for the price to reach the support zone, and give at least one week to see a formation there. Daily Chart
NYMEX:NG1!
by ThinkingAntsOk
Selling spread WTI-GASHi. Maybe you'll find it useful. What we see is a price movement in last 5 years. In my opinion(hope you see it too) spread between prices is close to extreme readings so i'm looking to sell it. You can convert barrel to BTU and compare prices, but let's keep it simple for now. Strategy is also simple. Sell WTI and buy Gas. Considering my longs on WTI it seems legit. It's true, the winter is "hot", but will it remain like that for long? Tell me what you think oi comments below
FX:USOIL
by Hashashin
NatGas - bull or bear?The last few candles show a sustained sell-off followed by a brief recovery below the short term trend line (white dotted line). Will natural gas follow the end of day recovery and go back over $2? I see 2 scenarios here: 1) The price closes over $2.03 on Monday and tests $2.15 this week 2) The price breaches $1.84 and starts a new descending channel between $1.68 and $2.02 My long term trend line (red dashed line) suggests $1.34 is possible, which boggles my mind, but anything is possible if inventories continue to build and our winters continue to be mild on average. ---- My goal is to keep tabs on Natural Gas Futures to hopefully find the bottom before a bullish reversal. However, I am not currently playing NatGas as I believe it will stay suppressed until production is shown to have meaningful decreases. Fracking bans, regulations, etc can impact prices but I don't have a crystal ball and will simply follow the market as it happens. *** Note: I draw my trend lines on a daily line chart as line charts are easier to see then switch to candles since candles illustrate the price action much clearer. A few pennies here and there don't concern me as I am a swing trader.
OANDA:NATGASUSD
by Blue_Collar_Trader
1