Natgas
NATURAL GAS🔥 breakoutNG1! broke down out of the raising wedge (yellow) and I expect further downside. It will prolly not be in straight line, pullbacks along the way expected. Actually now we are sitting at the support zone 7.78 - 7.55, so bounce up or sideways before next leg down is possible. Target being the support zone 6.46-5.95 and potentially the lime uptrendline.
Also there is a upward channel (blue) on the log scale:
Will we test the channel lower edge?
Let me know in the comments how much has your gas bill risen if you already pay new price.
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hello beautyI was waiting for this moment, super cheap gas, near term 13%, medium term 60%. Come fly with me!
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$.
NATURAL GAS🔥 to $4.6?Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
Wassup guys?! After my NG short call (two months ago) and reaching it's target I think the drop may not be over yet. I can imagine price is going to test support cluster created by major uptrendline (lime), horizontal support 4.75-5.95, and the yellow trendline. The former support zone 6.46-5.95 now acts as resistance at it seems to me that the upside pullback from the low 4.75 to 7.22 is running out of steam. Closer look (4h)...
...reveals local triangle (yellow) which is just about to break one way or the another. My bet is to the downside breakout.
I wouldn't go long as long as the major downtrendline (red) holds.
Let me know your thoughts in the comment section.
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Natural gaswe see that buying natural gas is a good idea as it stopped downwards at the resistance showed in the graph .
that lead by the strong american ecenomy and the reducing of the disclosure in china .
time to break recordsit looks like natural gas is about to finish and expanded flat correction. the next trend is going to be explosive and break records !!!
Dec 28,22-NG-How low will it go?So NG is tanking hard...question of course is how low will it tank?
I will be watching for a bottom and then put in a Buy Order seeing that it's still winter, price 'should' go up some at least, but you never know. We have had stranger winters where price just keeps coming down.
I'm not sure if we are looking at a time where it will drop all the way back to the 2's range - we shall see.
Happy New Year all.
Heiko
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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✅NATGAS BUYING OPPORTUNITY|LONG🚀
✅NATGAS is retesting a key support level
So I think that GAS will make a rebound
And go up to retest the supply level above
LONG🚀
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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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✅NATGAS LONG FROM SUPPORT🚀
✅NATGAS is approaching a demand level
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
LONG🚀
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NATGAS Swing Long! Buy!
Hello,Traders!
NATGAS is trading along the
Long-term rising trend-line
And the price is about
To retest the support
From where a rebound
And a move up are
To be expected
Buy!
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Natural Gas (NATGASUSD): Time to Grow?! 💨
Natural Gas dropped to a key weekly/daily demand zone one more time.
Chances will be high to see a pullback from that.
A bullish breakout of a falling parallel channel on 1H time frame confirms the strength of bulls.
Goals: 5.6 / 5.8
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Dec 20,22-NG-Did anyone else go long?So there was some consolidating around 5.4 so I put a Buy Order in and so far so good. I'll probably get out of it by close on Friday as Monday temps are back to warmer temps so I don't want to get burned by a huge dip when the markets open again on Sun night.
Did anyone else put their Buy order in? Or am I the only crazy one :-)
Heiko
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.
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
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
NATGAS Next Support! Buy!
Hello,Traders!
NATGAS is going down
But a local horizontal support
Is ahead of the price so I think
After the retest we will see
A local bullish rebound
Buy!
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NAT GAS BREAKDOWNBreaking down bullish and bearish scenarios
Right now we LEAN bearish until we can close above the breakout line, though as we test it were neutral
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 .
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
