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Natural Gas

Feb 6,22-NG-Going down still or SidewayI zoomed out to the Weekly chart so you can see just how brutal the price has dropped over the last 8 weeks. Question is, will it continue? Or is this going to be a bottom? Answer is to wait this week out to see if price levels out or not. Obviously if price ends the week below 2.3 then we are still going down. I'm looking for a decent close around 2.5 or 2.6. Then I will monitor price next week to see if there is a chance to break up to 3. Remember we are heading into warmer weather soon and we have had a pretty warm winter overall so supplies are pretty full. Price may not do much for the next few months. We shall see what happens. Stay safe. Heiko
NYMEX:NG1!
by HEIKOTradingSystem
11
BOIL | It's Finally Time! | LONGThe fund seeks to meet its investment objective by investing normally in Natural Gas futures contracts. It may also invest in swaps if the market for a specific futures contract experiences emergencies (e.g., natural disaster, terrorist attack, or an act of God) or disruptions (e.g., a trading halt or a flash crash) or in situations where the Sponsor deems it impractical or inadvisable to buy or sell futures contracts (such as during periods of market volatility or illiquidity).
AMEX:BOILLong
by DivergenceSeeker
4
Nat Gas looking oddly similar to BTC chart before a deep declineI am not saying this will happen, in fact I am personally bullish at the moment based on a number of factors. (For more on why I am bullish check out my channel for my nat gas trade) I thought it was worth mentioning that BTC price action over the past few years is lining up very similarly to the price action of nat gas over the past year. Based on this vague information I am still bullish, but as I explain in my other post I will be bearish as we approach a particular zone. That is when I will pull this chart back up and compare the direction between the two prices. Just something interesting to watch over the next few months!
NYMEX:NG1!
by farmtrader15
2
NATURAL GAS-Pt.2- Short term bounce?In our previous post we explained how we believe that NaturalGas is ongoing an ABC correction from 9.995's top. Actually we believe to be finishing wave iii of C of this zig zag, as showed in the chart. As explained in the previous post, we were waiting for the small red zone in chart between 2.4 and 2.5, where the algo tp of the whole move down and the level for which wave iii of C = 1.618 wave i of C, together with the target of the big head and shoulder pattern stand. Since today we wicked that zone, we opened a long position at @2.471, and we are currently holding it with stop loss on entry. Since the retail sentiment is still very extreme towards the long side and since this wave iii can still extend down, we are carefully posing our stop loss on entry. Target is 4.32. We will update below. Happy trading!
NLong
by GMR-Capital
NATURAL GAS-Pt.1- Correction about to complete?Hello traders, here is our view about natural gas. As we can see from the monthly time frame, natgas completed an impulse after breaking a big descending triangle. After reaching a top of 9.995, natgas created a head and shoulders pattern that coincided with a 535 structure to the downside, as showed in the main chart. Then, wave 3 of C seems to be completed with an ending diagonal. If the bullish macro count is in now we should go for another impulse up. Alternatively, we may get a (C) wave to complete the monthly retracement higher than 10. In the latter case to move to 9.995 would only be a (A) cycle correction of the descent from 2005 high of 16.477. In both cases, we expect a big buying opportunity coming soon in natural gas. We are not taking long positions now for wave iv of C since sentiment in retail brokers is over 90% long. When ALL the retailers are buying, who is selling to them? Who is gonna buy to actually put upward pressure on price? This is why extreme sentiment is a contrary indicator. We will update as soon as we see a long setup.
N
by GMR-Capital
9
H&S on the Only Pure-Play FSRU StockWe all have been hearing about the great European floating natural gas trade of the Winter of 2022. Politicians, pundits, intellectuals, academics, influencers... everyone has something to say about it. Well, you know what they say: if everyone is talking about a trade, the opposite might occur. A number of catalysts have reversed people's expectations. European natural gas and electricity prices are crashing as a price caps have been imposed and as gas storage levels remain high. Apparently FLNG terminals are being turned away from Europe's import hubs. So... this trade has probably peaked already. EE set itself up for a beautiful base breakout and retest, but appears to have formed a daily downtrend at $28.40 after rejecting from the all time high of $31, forming a Head and Shoulders Pattern with a neckline at $25.10. There is a possible Bear Flag being sandwiched in between the 50 Exponential Moving Average, downtrending resistence reaching the neckline, and a support line going back to the stock's all time lows six months ago. There is also a double bottom at the neckline-- if it breaks then the target could be around the previous strong demand zone at $22.50.
NYSE:EEShort
by sdeutsch95
Jan 30,22-NG-Almost long? Not so much!So NG price gapped down from the Big Boys on the weekend, putting the price of NG to almost a 2 year low. Not good for people like me that wanna go LONG and make some money. Anyway, hold onto your shorts and keep waiting for the low...someone told me maybe 2.5 - looks like maybe they were correct :-) Anyway, I'm still waiting (isn't that a song?) - doesn't look like anything is gonna change anytime soon. While the U.S. is in a cold snap right now, the long term forecast says seasonal norms so I don't see any crazy price spikes coming anytime soon. Guess we shall see if we can trade the S n P 500 on Wed depending on how much the Fed raises rates. Stay safe all. Heiko
NYMEX:NG1!
by HEIKOTradingSystem
4
WTI Crude Oil / CL1 - Accumulation Before Global ConflictA lot of fundamentals say that oil should be going up. A lot of Twitteratti and furus say that oil should be going up. Yet, it's not. Oil hasn't been bullish since literally June . The only reason sentiment is still confusedly bullish like this is because WTI isn't (yet) trading like bonds. People say that OPEC+ cutting production was some kind of battle with Washington and that the Biden Administration are doing some green energy nonsense saboteuring the country by selling off the Strategic Petroleum Reserve (SPR), because Joe Biden is senile. That's not what's happening. Are you high? The United States is going to endanger its energy reserves while it's in a war with Russia? Don't be fooled by appearances. You need to start exercising critical thinking. In my view, what has transpired is pretty simple: 1. The Biden Administration said they would refill the SPR at $80 2. When WTI fell to $76, instead of refilling it, they sold more of the SPR 3. They keep selling more of the SPR on this bounce at $80 and 90 4. The average price the SPR was filled at, the last time I looked, was $60 So why did OPEC+ cut production? Because they're smart money and they realized the United States is short on oil. The U.S. and its vassals (including Canada) are by far the largest producers of oil in the world. It's their market, especially while Russia is out of the picture, and whoever makes the market sets the price. So OPEC+ understands that oil is going down and cuts production accordingly. When the Biden Administration refills the SPR, that's the bottom, WTI will bounce hard, and OPEC will increase production again. This is a lot of words to tell you that oil is going to make new lows, not new highs. This call that I made at the beginning of September is still definitely in play. WTI Crude / CL - An Intervention: Saving Blind Bulls There are some really important factors to look at in the longer timeframe charts. Consider that we're almost all the way through October and yet WTI, while it's in a bearish market shift, has not made a monthly low: This is even more obvious on the Weekly, where a gap is revealed: This ~$80 January gap range has now been traded extensively but has not produced the requisite re-continuation of a bull run needed, which means that lower prices are on the way. The reason is, $120 was not the top. A big number like $180 or $220 is incoming, probably in 2023, but before then comes manipulation and accumulation, frankly speaking, probably in the $50 range. Whether bulls want to hear that or not or want to believe that or not, that's how it goes. Not very many people believed Natural Gas was going to go from $10 to $4.9 either, but it did. Natural Gas / NG - It's Officially a Bear. Now, Hold My Beer The big wild card right now is actually not the conflict between the Russian Federation and NATO/Washington via Ukraine as a proxy. Even less is it whether the Federal Reserve keeps clowning around with interest rates. Xi Jinping was just crowned leader of the notorious Chinese Communist Party for an unprecedented third term and has consolidated the Politburo with only his own people. But more concerningly, the man who should be fulfilling his historic role to collapse the CCP from within a la Gorbachev instead was quoted by ABC as having made communism and the deteriorating CCP "absolutely central to China's development and future." This amounts to an abject disaster in Xi Jinping's life, a disaster for the Chinese people, and a disaster for the human race. If man won't do something about the problem of the Chinese Communist Party and its campaign of organ harvesting Falun Gong, then Heaven will. The CCP may or may not attack Taiwan. That's a major wildcard in this call. Personally, I don't think the Party has enough stability while being sacked by Wuhan Pneumonia and hit by economic problems to really dare do it. Yet, the more imminent a possible attack on Taiwan is, or the more imminent a major escalation with Russia is, the more violently the US oil market makers will dump WTI/Brent to where they want it to be so they can accumulate and refill the SPR. How you want to trade it and what you want to do is up to you. But I believe we see a number like $89 on WTI this week and I intend to go long on bear ETFs with a target under $50 imminent by January. Oil is something that is going to make a violent and impressive new high, but those cowboys are not going to let early money and dumb money come along for the ride particularly easily. Be careful. Humanity has officially entered the most dangerous moment, and at a period where we're already in the proverbial "Triple Overtime." What you believe can happen and what is actually happening, in reality, are often two different things.
NYMEX:CL1!
by LordWrymouth
4
$UNG bounce here back to the neckline. 60-70% upside potentialWhile I shared a previous idea of UNG falling all the way to $2 (and while I still think that's possible over the course of this year), I'm never one to pass up a good counter trend trade. Idea here: I think $UNG is bottoming here. This would setup a counter trend rally back to retest the H&S neckline it broke down from $17-18 range. There's 60%-70% upside in this trade should it materialize over the coming months. The first thing I'd watch for is a reversal in price action and then you can jump in. I set an alert for this price level and when my alerts hit, I jump into the trade. I'm in from $10.36. Let's see how it materializes over the coming weeks/months.
AMEX:UNGLong
by benjihyam
2