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Natgas

NG! Coming down to earth? Or further price appreciation?NG! has had a historic two-year bull rally. Is the fun over for nat gas traders? Fundamentally little has changed regarding the supply and demand of U.S nat gas despite the last few weeks of intense selling, with exception of a temporary surplus of U.S nat gas supply due to a fire in a Freeport export terminal. Global weather remains extreme. Nat gas supply globally remains low compared to historical levels. Not to mention the effect of the added complications on the global energy trade from the war in Europe and the sanctions related to it. I think with all the uncertainties in today's world, a nat gas long position at these depressed prices (depressed on a short-term basis) at the very least provides some form of a hedge on the risk of escalation in the Russia-Ukraine war and/or worsening inflation. Current Prices seem relatively attractive for a trade, but short-term momentum could push NG! down to the 4.54 support area. The 4.54 area would be an ideal entry for going long given that the fundamental narrative on U.S nat gas remains favorable. This is not trading advice. Good luck!
NYMEX:NG1!Long
by Gooby_Trades
1
$UNG Analysis, Key levels & Targets$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… —- 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…
AMEX:UNG
by SPYder_QQQueen_Trading
1
NATGAS WK: 250%+ gains BEST level to BUY/HOLD (SL/TP)(SWING)Why get subbed to to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates 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. Always limit your leverage and use tight stop loss.
NLong
by ProjectSyndicate
35
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
NShort
by FX_Professor
3
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.
NYMEX:NG1!Long
by norok
2
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. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
NYMEX:NG1!Short
by TradingShot
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.
NYMEX:NG1!Short
by Tr8dingN3rd
2
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
NYMEX:NG1!Long
by HEIKOTradingSystem
12