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Natgas

Dec 20,22-NG-Go Long at 5.4? or 5?Price is continuing to drop even though the temperature this week across the U.S. especially into Christmas is going to be damn cold!! So the question is...will price drop all the way down to 5?? or should we get in now at around 5.4? Both are areas of Support, and this cold is going to send demand through the roof, but when? Will price keep going down until Thurs or Fri this week? Or will price spike up early next week? All I know is I'm not missing out on this trade....could be a nice 1000 point spike :-) What are your thoughts? Heiko
NYMEX:NG1!Long
by HEIKOTradingSystem
4
Dec 19,22-NG-Not yet time to go longSO obviously my last call was horrible--I exited my position with a small loss. The outside of the Linnear Regression Indicator is around the 5 mark so I'm thinking price action might drop to around there. I will wait for clear signs of a turnaround, then I'll put in my Buy Order. I can't believe the price, I mean this is winter!! Anyway, sometimes there is no logic to trading. When price gets down there I'll let you know what my plans are. With the holidays also, things are a bit wonky - might not even get a trade in until Jan. To all, please have a safe and splendid Christmas, Holiday Season and a fantastic New Year!! Have a drink for me :-) Heiko
NYMEX:NG1!
by HEIKOTradingSystem
NatGas: Don't trip 🚶🏼NatGas is currently facing down and should leave the turquoise target zone to climb below the support line at $4.750 to complete the pink wave iii. Our alternative scenario implies, that the course could rise above the resistance mark at $7.064 instead, if the course would stay above the $5.337-mark. After the completion of the pink iii in our primary scenario, we're expecting the course to rise between $4.750 and $5.337 to finish off the pink wave iv, before dropping back South. The downwards slope should stretch until the turquoise target zone between $3.436 and $1.880 to end the green wave .
NYMEX:NG1!
by MarketIntel
1
Dec 15,22-NG-Time to go long??I put in a Buy Order at 6.6. Not sure what's going to happen tomorrow being the end of the week. What I do know is Europe is having colder than normal temps for this time of year and Germany just released that their supplies for NG have dwindled faster than expected for this time of year; hence, price for European NG could go up shortly. Also, the Dec Contract Expiry is coming up and I have found NG goes up a bit toward contract end. Also, the War - Also, weather in the U.S. is pretty cold - who knows if it will warm up or get colder - colder would be good for my Buy Order of course :-) Anyway, I'm thinking price will drop a bit tomorrow and trigger my Buy Order. Then I will pray next week price goes up and up. Heiko
NYMEX:NG1!Long
by HEIKOTradingSystem
8
Dec 11,22-NG-Who's pissed off now?a 700 point Gap Up??? SERIOUS?? I am sooooooooooooooooo pissed off - I can't believe I missed this buying opportunity last week - like I told you all in my last post last week, I missed the buying opportunity, I screwed up....but then for fate to rub it in my face with a 700 point gap up over the weekend???? CRUEL!! Totally Cruel. Anyway, now that NG has gone up over 1000 points in 6 days, can it go higher?? or is price going to come back down a bit. Hard to say. I'll tell you this though.....I will be watching like a hawk. If price goes down a bit, I think I might put in a Buy Order at 6.8 or so in case price spikes up. If price keeps going down, hits 6.6, then 6.4 then lower, then I will keep my Buy Order about 200 points above the current price in case price action reverses quickly one day this week. I know Wed the FED is going to hike rates again and this is going to cause the markets to go crazy. I've already shorted the S&P500 and making money there so I'm keeping that trade. I'm also Long on Oil as there is the whole Russia uncertainty and U.S. Supplies are dwindling quickly so I'm keeping that trade also. But NG?? Again - I think between now and March price will go up no doubt...I just want to get in at the best price possible, and that was LAST WEEK!!! :-( Anyway, stay safe and hit me up with your comments - I wanna know what you all think - am I crazy? Or is price still gonna go up from here? Heiko
NYMEX:NG1!Long
by HEIKOTradingSystem
9
Dec 9,22-NG-Didn't go as low as is shouldSo how many of you missed getting in on the long trade this week? I DID!! Piss me off - I was expecting price to get to the late Oct low of around 5 - I actually had my Buy order in at 5 and as we all know, it never got that low. So I was without a trade this week. Now it's back up to 6 so I missed an 800 pt profit - oh well - at least I didn't lose any money :-) We will have to see next week where price goes...good chance it might keep going up - colder weather, the War etc. Even though Oil is tanking - who knows, maybe Oil will recover next week. Anyway, I digress... I hope everyone has an awesome Holiday Season. I have 2 weeks off work so I know I will have an awesome time!! :-) Tons of food - tons of people - tons of visits to an from my home. Time to reconnect with everyone and have some bloody fun! Take care and stay safe. Heiko
NYMEX:NG1!Long
by HEIKOTradingSystem
End of the lineCheniere Energy Inc. (LNG) stock has been on the rip since the Russian invasion on Ukraine in Febuary of '22. Russian invasion has shaken the global flows of natural gas and has enabled USA to replace Russia as dominant supplied of natural gas to Europe. Cheniere is the company which basically dominates the shipping of LNG across the Atlantic, so its no wonder their stock did more than 50% since the start of the war. As Natural gas, and energy prices in general, are slowly correcting to pre-war levels it makes sense for LNG stock to correct to its former support. It happens that support at about $120 is the same support which was tested after the war broke out, and the stock broke out to new highs.
LShort
by Owcheew8
1
Natural gas 2023 outlook: Approaching a key confluence zone The recent price action in the daily natural gas price chart updated to December 5, 2022, saw prices falling rapidly and breaking below the supports of two moving averages (50dma and 200dma) and some key Fibonacci retracement levels, such as the 50% retracement of the post-Ukraine war rally to August highs. The two moving averages earlier created a death-cross pattern on November 10, which proved bearish after a brief rally to $8.04/MMBtu. In the summer, natural gas completed a head-and-shoulders pattern, falling below the $5.30 price support. That technical pattern was preceded by negative RSI divergence between April and June 2022, which also led in severe bearish price action to the $5.30 support level. The double bottom in October and July, as well as the significant technical resistance between November 2021 and March 2022, signal a very critical confluence zone for natural gas. The $5.30 critical support line is an important test for natural gas prices, which would have dropped by a recession-like 47% from their peak in August. If the war in Ukraine persists, it is quite improbable that prices will return to the $4.3 level, where they were trading on February 24, 2022, when Russia invaded Ukraine. Bulls may therefore reappear if the $5.3 support line and $5 psychological level are tested. On the upside, it is unlikely that the skyrocketing price levels observed in the summer of $9.5 or more will be retested anytime soon, as they coincide to an unprecedented supply issue in Europe that triggered an increase in US domestic prices due to increased LNG exports. In the first quarter of 2023, a sideways market trend with prices ranging from $5 to $8 appears to be the most likely scenario for US natural gas. The colder the winter. The more severe the winter in the Northern Hemisphere, the greater the possibility that prices will trade between $6.5-8 range. Rising recession risks and warmer-than-average temperatures, on the other hand, could prevent a depletion in gas reserves, keeping prices under pressure.
CAPITALCOM:NATURALGAS
by Capitalcom
Dec 4,22-NG-How Low Can It Go?In my last post last week, I gave several reasons as to NG declining in price. I said that it would probably get down to 6, maybe lower. It opened tonight in a Gap Down situation and now sits around 5.8 - crazy low. What will it do this week? Good question... I'm thinking it could get as low as 5.2, maybe touching 5 in a low 'rubber band' touch one day this week. Longer term I believe price will go up...problem is you have this thing called a Worldwide Recession hanging over us in the 1st quarter next year. This will keep prices down. You have Winter which will push prices up. And who knows what the War holds. Bottom line...dangerous time to trade. Unless you have a sure bet (which we never do), maybe best to stay on the sidelines and keep your cash :-) Stay safe and trade well. Heiko
NYMEX:NG1!
by HEIKOTradingSystem
4
Nov 27,22-NG Neutral this week?As you can see from the Daily Chart, price action is at the outside of the Linear Regression so it's possible this week price action could drop...maybe under 6. 1 - late last week both European AND UK NG price dropped 2 - Weather is looking steady, certainly on the cooler side, but still no snow really in the forcast for basically all of the U.S. 3 - China is in lockdown to the point that the world is now fearing a slowdown at the least - most of the world is thinking China will push the world into a recession as early as Jan, where price would certainly drop for NG 4 - Fractal from last week on the Daily so price will probably drop some. If price acion does NOT go up past 7.6 this week then there will be a fractal on the weekly chart also for next Sun. So will price drop this week?? Or just stay around Neutral?? No idea. Will probably go down some, at least that's what I'm thinking. So I have no idea how to trade this week so I'm on the sidelines till I can figure something out. Heiko
NYMEX:NG1!
by HEIKOTradingSystem
13
InvestMate|Natgas gaining momentum🔥🔥Natgas is gaining momentum. 🔥In the current post I would like to give you an overview of my current upward scenario on Natural gas. 🔥As you can see, for a good few weeks the price of natgas has started to rise again. 🔥Big upward impulses are preceded by small corrections. 🔥The level I intend to see is around 8.2 🔥The price level stems from a resistance zone that I determined based on a cluster of two fibo measures. The first is the 1.618 level of the largest downward correction. The second is the 0.618 level of the entire downward wave from peak to bottom. 🔥This combination of fibo levels is highly effective I am very curious to see how the market will react to it in the coming days. 🔥You can see that as recently the price just approached this level there was immediately a sellers reaction. 🔥I determined the support zone based on the last peak and it has been a place in the past where the price has reacted many times. 🔥The scenario I am playing out is a continuation of the upside, taking into account smaller corrections along the way. 🔥 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
NLong
by InvestMate
11
NATURAL GAS Critical test for bullish or bearish DecemberNatural Gas (NG1!) hit yesterday the Lower Highs trend-line of the August 22 top and today we see the first signs of a rejection. Until this breaks decisively, we can expect NG to pull-back to the 0.382 and 0.236 Fibonacci levels. Based on the 1W RSI though, which is on a Falling Wedge since the October 01 2021 High, there is still some room to rally, and if yesterday's Lower High is anything like the February 02 2022 Lower High, then after this pull-back we can expect a rebound back to the 0.786 and 1.0 Fibs even a new Higher High. In that case we will be buying every closing above each Fib. A complete bearish reversal scenario will take place if the price makes a weekly close below the 1W MA100 (red trend-line), which is where NG rebounded on October 24. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!
by TradingShot
2