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Natural Gas

When will there be the long-awaited rebound in gas prices?If you would like to be notified whenever I post a new article, just click "FOLLOW" at the top. Also, if you would like to elaborate on a particular topic or need some advice, please comment below the article and I will be happy to help you. When will there be the long-awaited rebound in gas prices? After a sharp drop of 7.5 percent in the previous session, the U.S. Natural Gas Future - Apr 2024 (NGJ4) rose slightly above the $1.65/MMBtu mark. Traders are facing an oversupply situation with high storage levels and weak demand due to a mild winter. However, producer efforts to limit production are providing some support. Despite a brief interruption in January due to Arctic frost, gas production still remains at historic highs. The mild weather has led inventories to be well above average, as evidenced by EIA's latest report showing storage levels 22.3 percent above normal. As a result of prices falling to their lowest in 3 1/2 years, Chesapeake Energy has reduced its production plans With natural gas prices near multi-year lows, it is fair to ask whether this is a good buying opportunity. To get an accurate forecast of the future of the gas market, it is critical to analyze the outlook of its producers. These companies provide valuable data that can help us determine whether the stock is overvalued or undervalued. In addition, by considering the correlation between these companies and natural gas futures, we can get a better idea of the trend of the natural gas market. If you are thinking of investing in this sector, avoid doing so through futures. We are currently in a Contango situation. This means that future prices are higher than the current futures price, causing an upward curve. As we get closer to the expiration date of the contract, the gap between the spot and future prices will narrow, causing the curve to converge back to the spot price. If you are looking to invest in gas, your best choice would be to buy shares in gas producers. In this article, we will take a look at Antero Resources Corp using One of TRADINGVIEW's features to better understand the financial aspects of the company. TRADINGVIEW is like having a high-level technical analysis expert at your fingertips. Because of its intelligence, it automatically analyzes the company providing you with important data that would otherwise take months of study to calculate. As you can see from the images, the stock is in the sell zone as shown by the oscillators and this indicates a potential downtrend. This means that it is still too early to buy natural gas. The ideal time might be the second quarter of the year. With the arrival of a hot summer, the demand for natural gas to power air conditioning systems could increase significantly. As a result, we expect the price of natural gas to increase starting in April. It should be kept in mind that the demand for natural gas for summer cooling is much lower than the demand for winter heating in the United States. According to the average seasonal data for the past 5 years, January is the month with the highest demand for natural gas, while July slightly exceeds August as the peak summer month. Overall, total gas consumption in the United States in January is 35.5 percent higher than the demand recorded in July. An opportunity to increase gas prices could come from a major player in the energy sector such as Chesapeake Energy Corp, which recently announced a 20 percent reduction in capital asset investment. This will result in a decrease in the number of drilling rigs, thus reducing gas production and oversupply in the market. I look forward to seeing you in the next article! And remember, always rely on TradingView for your trading: an essential tool that can help you avoid serious mistakes in your trading. You can purchase it through this link www.tradingview.com
NYMEX:NG1!Short
by Antonio_Ferlito
XNGUSD Short BiasXNGUSD on the 30-minute chart is accompanied by drawn-in trendlines, a Fibonacci retracement as well as an anchored VWAP and volume profile. An RSI indicator is also added. Price hit a recent high of 2.81 on May 19th and then trended down to 2.11. While a 50% retracement might have been expected ( to 2.46) price only rose to 2.42. I consider this as showing selling pressure from sellers to be slightly exceeding buying pressure. Short bias for XNGUSD is confirmed since it is trading below the POC line of the long-term volume profile and below the anchored mean WVAP which are acting as confluent resistance. The RSI topped out at 60 during the retracement and has fallen below 50. Overall, the chart supports a short XNGUSD trade with a stop loss just above VWAP / POC and the target the trendline of support ( green line ) making for a Reward: Risk of about 2:1 Any leveraged forex trade would amplify both potential loss and potential profit.
FXOPEN:XNGUSDShort
by AwesomeAvani
XNGUSD- Spot Natural Gas Ascending WedgeAs shown on the 15 minute chart XNGUSD is in an ascending wedge pattern which is generally considered bearish. In the past day, price has fallen slightly below the support trendline. Is this a fake-out or a breakdown? The RSI had turned decidedly weak while the MACD lines crossed above the histogram and are now under the horizontal zero line. These both suggest a breakdown falling out of the pattern. Price was well above the high volume area of the profile where there is little trading to support a further price rise. Overall, XNGUSD may have went up too far and too quickly. I expect a full reversal as suggested by the mass index indicator so I will short-sell this forex pair. with moderate leverage. The stop loss will be inside the pattern just above the support trendline while the target is 2.35 about the value where price started its previous uptrend.
FXOPEN:XNGUSDShort
by AwesomeAvani
Natural Gas, Uranium & NvidiaNatural gas has made an epic 2 day rally off the 52 week lows. Looks like the Covid support zone is holding & we can move higher off of tight consolidation. Uranium is into some minor daily chart support, a bounce is likely off the EMA 113. Nvidia reported earnings and had a double beat. This stock was up over 10% in the after-hours. Completely saving and rallying the Nasdaq. Semis will be hot tomorrow, the question is, do they hold their gains?
NASDAQ:NVDA
0
by Trading-Capital
1
NATURAL GAS: Ahead of a 12 month Bull Market at least.Natural Gas is on a very sharp four month decline after failing to cross over the 1M MA50, the second most aggressive four month drop so far in the past 19 years. Since the July 2008 High, the market is trading inside a Channel Down and this sharp decline is technically the final phase of the Bearish Wave to a LL at the bottom of the Channel Down. That means that a long term buy opportunity is gradually approaching and we are estimating a fair target level to be 1.400 unless the 1M RSI touches the 15 year Buy Zone earlier. Every bottom rebound extended initially to at least +134% and that is our target (TP = 3.100) for the next 12 months. It will also be a potential test of the 1M MA200. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYMEX:NG1!Long
by InvestingScope
BOIL vs KOLD Natural Gas Leveraged ETFs : LONG KOLDThe KOLD / Boil Ratio is shown here on a daily char. A rising ratio level indicates KOLD is rising and BOIL is falling making the ratio rather extreme If KOLD rises 10% in a week and so BOIL falls, in a hypothetical say they start out 140 and 20 respectively and KOLD goes to 154 while KOLD falls to 18 the ratio moves from 7 to 154/18 = 8.55 the ratio moves 22% for the week. What does this all mean ? With triple leveraging and management fees taken out long leveraged ETF shares may experience time decay on a daily basis. Share values are net after expenses. From the chart's visible the only time the ratio fell and BOIL was the long play was September 25,'23 to November 15, '23 and December 14, '23 to January 14, '24. In 2023 prior to late September KOLD was always the long play, In 2024, after January 15 and to the present KOLD is the long play and the ratio is accelerating and getting more volatile as it is potentially getting over-extended. Combined volume in the range of 20 M /day is 2X showing great interest by market participants. I conclude especially since natural gas spot prices are falling as recession fears are not yet in the past, that KOLD is the leveraged gas futures ETF to take long. This trader considers the management fees as a cost of business. The futures are stratified and leveraged obivously the cost brings value. I will take shares of KOLD and take a call or two along the way for an expiration in the fall whenever price rises about an even $5.00 amount to be assured of the lowest price. I will follow KOLD on a 60-90 minute chart looking for topping wicks or a price fall under the EMA 7 as a sign that it should be on watch for a market top. Frankly, I do not expect to see it. This is because on the 2-time frame RSI indicator ( by Chris Moody) with the 4H in green and the 1W in red, both lines are rising and in a healthy 75 +/- range. If they top out and fall, then I again think I might be seeing bullish divergence and put the trade on watch. For those who trade VWAP bands and volume profile, the ratio has been in an obvious breakout since early November with a pullback in mid-December after the ratio rose outside the third upper VWAP band. Using the VWAP bands and the volume profile will make any fades very obvious most especially on lower time frames.
AMEX:KOLDLong
by AwesomeAvani
3
Natural Gas LONG TERM TRADE analysis Hello Traders In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET today NATGAS analysis 👆 🟢This Chart includes_ (NATGAS market update) 🟢What is The Next Opportunity on NATGAS Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NYMEX:NG1!Long
by ForexPlanet20