Commodity relief?Another corrective move for a commodity. Look for a retest of that blue zone with an R of 3. Buy stop@ 5.674
Natgas
$UNG Analysis, Key levels & Targets$UNG Analysis, Key levels & Targets
NatGas is starting to look very interesting again… what a monster drop today, though!! I will be looking to get into a position tomorrow… I’ll update here with whatever long position I end up taking…
I love trading natgas and it has been too long…
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as and if possible…
NATGAS WK: 250%+ gains BEST level to BUY/HOLD (SL/TP)(SWING)Why get subbed to to me on Tradingview?
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NATGAS WK: 250%+ gains BEST level to BUY/HOLD (SL/TP)(SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: NATGAS weekly price chart review
::: chart looks strong / favors BULLS
::: natural gas STRONG BULL MARKET
::: 200% upside from current level
::: massive breakout in progress
::: expanding triangle bottom formation
::: we just got a clean breakout of the pattern
::: best strategy: BUY DIPS / ACCUMULATE DIPS
::: best reload BULLS: 4.50-5.50 USD range
::: TP bulls is 250% gains final TP 14-15 USD
::: we are currently entering commodities super cycle
::: prices are set to increase 100-300% over next 24 months
::: speculative setup always do your own due dill
::: fresh liquidity will be targeted by BULLS
::: BUY/HOLD setup do not expect miracle/fast gains
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/SUPERCYCLE
::: Sentiment outlook short-term: BEARS/PULLBACK
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
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NATGAS Risky Long! Buy!
Hello,Traders!
NATGAS is now retesting a key horizontal level
And despite the fact that it is on the very edge
I think we still might see the local bullish correction
Because the level is strong and it was not yet broken
Buy!
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See other ideas below too!
NATURAL GAS - Trade of the Summer (thanks Biden)A perfect entry FXPROFESSOR Style and a 35% drop in 15 days .. A trader can never ask for anything more than that.
The charts don't lie and when an alert goes off from TRADINGVIEW we don't even look at the chart: we just went short without delay.
NEWS:
The FREEPORT LNG TERMINAL FIRE made things better for our trade as more supply with same demand for US Natgas... it also made things even worse for Germany and Europe...
LEt's see what happens next as Europe must find ways to make peace with Russia soon.
One Love,
the FXPROFESSOR
NATGAS Has a bit of up side before major breakdownI was recently short on NATGAS and made a good profit...now I am willing to risk some of that profit to go long for a short term.
This can come down a bit more but has a bit of upside, before major collapse to 5$ level of before war time.
Natural Gas (NATGASUSD): Be Prepared For a Bullish Move💨
Multiple time frame analysis on Natural gas.
Price action, structure & key levels.
Your detailed trading plan.
❤️If you have any questions, please, ask me in the comment section.
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$NATGAS $KOLD $BOIL Analysis, Key levels & Targets$NATGAS $KOLD $BOIL Analysis, Key levels & Targets
No game plan yet… but I’m looking…
Long Natural GasNatural Gas futures have retraced the 2022 bull trend to a 50% Retracement Level at 6.60. Price needs to hold this level or else it risks giving up the 2022 trend.
This trade was prompted by a 30 minute timeframe Spike Alert this morning that pegged the broader trend level and sets up a low risk test. Stop alert below the morning low and an initial target a Retrace of the move down.
Some D****** members chose AMEX:BOIL to express the trade (more volatility for more gains) and I chose AMEX:UNG as the vehicle.
NATGAS LongHey,
I think NATGAS is oversold. The price has dropped some 30% from the top, partly because 2% of the US demand abruptly seized, as Freeport LNG had an explosion, and are delaying restart of the facilities.
Never know what happens in this volatile market, but as long as the conflicts between Russia and the west continues, I believe NATGAS is going to continue upwards soon. Be careful though!
Kind regards and God be with you,
Thomchris777
Jun 20, 22 NG time to go long?So I heard Germany will have to fire up their coal plants due to Russia clamping down on their supply of NG to Germany.
I don't know if this will affect U.S. NG or not, but considering how far NG has fallen in the last 3 days or so, I imagine NG might go back up 500 points or so this week.
Let me know your thoughts.
Stay safe.
Heiko
NATGAS Key Level Analysis! Buy!
Hello,Traders!
NATGAS is going down now
But a strong key horizontal support is ahead
So I think that after the retest of the level
We will see a rebound and a bullish correction
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
NATURAL GAS Strong sell towards at least the 1D MA200Natural Gas (NG1!) broke below its 1D MA50 (blue trend-line) last week for the first time since February 11 and upon the first re-test as a Resistance, it got rejected. This indicates strong sell bias on the medium-term. The likely target is the zone within the 1D MA200 (orange trend-line) and the 1D MA300 (green trend-line) or when the 1D RSI turns oversold.
With the long-term pattern being a Bullish Megaphone since July 2020, the 1D MA200 was reached on both previous Higher Lows formation. Depending on the news at the time, as long as the pattern holds, the price is then more likely to bounce back up. However NG's multi-month cyclical behavior shows that it is close to the end of the current Cycle. So if the Megaphone breaks to the downside, be ready to invest in a long-term sell. Updates will follow until then.
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Deep correction is around the cornerThis is a very good Risk:Reward setup for shorts, price is making a lower high on much lower volume. MFI is already telegraphing decline.
Expecting some -20% up to -25% from here.
Have fun.
Jun 16, 22 - NG Winner AgainAs I said in my June 14th post, I will put a Buy Order in with price hoping to hit 8 or 8.2.
It DID! So I took my profit at 8 for a nice 500 point profit!! Congrats to all who made some money!!
I will keep you posted probably on Sun night or Mon for next week.
Heiko
Huge bearish divergence on NATGASI am keeping my shorts and will add to shorts if we get above 9.8$
The chart says it all, negative divergence shows it is just the retail traders who are bullish and chasing. The big guys will dump their gas on the retail and its gonna stink so bad
NatGas: It´s not over, yet!Yesterday´s massive sell-off of natural gas sparked many discussions about what is going to happen next. Well, we expect the price to drop further and reach the turquiose zone between $6.482 - $5.858. Here, we believe that the correction will end and turn into a big upward trend. However, if the course drops below this zone, further sell-offs will be triggered.
NatGas NG1! - Further Decline Ahead, P5 Possibly ReachedAllen Andrews gave us great rules.
The P5 rule is one of them.
As we see in the chart, P5 could be reached.
What does this mean?
It's an indication that price is at it's peak and a potential turn is ahead.
Furthermore we have reached the center-line, where
a) price will beak through, revisit and continues
or
b) price will turn and trade to the opposite direction, which would be far below at the L-MLH (the lower parallel).
I like to wait for some kind of confirmation.
One of these I have in my arsenal is the break of previous lower highs.
You can see the short line in the chart, where I would start to take action.
So, we have another LT chart to observe.
Keep it in your watch list - it could be an epic play.
Jun 14, 22 NG - Nice ProfitsHope all profited in that last huge drop today. Price action didn't hit 9 like I wanted, so I got in a little late, but still got in at 8.2 and got out at 7.2 for a very nice 1000 point profit in a couple hours!!
NICE!
With the hot weather across the U.S. and the LNG terminal damaged, I'm expecting price to go back up - not sure how high, but I put in a Buy Order at 7.5 expecting it to go to at least 8, but I'm hoping 8.2
Stay safe and congrats to all who made some serious money!! :-)
Heiko
US Natural Gas Had Its Worst Day Since 2018: RSI falls Below 50US natural gas prices posted their worst daily performance since mid-November 2018 today, plummeting 17% to $7.2/MMBtu, as of writing, after Freeport LNG announced early Tuesday morning that it does not expect the export facility to resume full plant operations until late 2022 due to the explosion occurred on June 8.
The Freeport LNG facility has a production of 2 billion cubic feet per day, or around 16% of US LNG export capability, and has been operating at near full capacity in recent months.
The disruption at one of the largest US liquefied natural gas export terminals will put a severe upward pressure on European gas prices ( Dutch TTF ), which have been falling in recent months as Europe has significantly increased its liquified natural gas imports from the United States.
Technically, US natural gas prices are now testing the 2022 bullish trendline, with the momentum indicator (14-day RSI) dropping to 38, the lowest level since the start of the year.
A breach below the psychological threshold of $7/MMBtu would open the door for a bearish assault to the nearest support in the 6.50 zone (lows of April 25 and May 10).
Jun 6, 22-NG-Looking for a bounce Sell @ 9So NG starts off with a drop, but I'm thinking of a bounce Mon and Tue back up to 9.
I am looking for a Sell Order at 9ish going back down to 8.2
I will keep you updated as the week progresses.
Stay safe.
Heiko
Jun 8, 22 NG WINNERS - Nice Profits for allWOW!! What a crazy ride eh this past week?? I put my initial order in and I was correct that price action dropped, but not low enough - I had my TP set at 8.
Then price went skyrocketing up so I put another Sell order in at 9 and moved my TP to 8.2
And just in the last 45 minutes or so, price action hit my TP at 8.2 and I made out with some NICE profits, one order at 800 points profit and the other order at 500 points!!
All in a weeks work :-)
Congrats to all who traded the same - enjoy your profits!!
Heiko
Jun 3,22 NG Sell Again if it hits 9?I thought price action would fall all the way down to 8, but it didnt. It came down to just under 8.2.
Congrats to all who took your profits then!!
I was out at the time so I missed the price change back up.
Now that price is basically back where I started, it might try to touch 9 again which is where I will put in another sell order.
I moved my TP to 8.2 as that is the new support level.
This might now happen till next week sometime.
Stay safe.
Heiko
