Natural Gas
Natural Gas 4H Inverted Head and shouldersNatural Gas 4H Inverted Head and shoulders
Are gas prices absolutely going to explode?
to $17 per MMBtu
Let me know what you think
Natural Gas 2023 Targets - $3.81 , $3.39Natural Gas has been hanging on key support trend line (WHITE) running from Jun 2020.. If that level gets breached, expect Natural Gas to hit immediate target $4.73 (Yellow Line).
Then eventually we see the targets $3.81 (Orange line) and 3.39 (Green line) in 2023. With economy running into risks of recession in 2023, we'll see pullbacks in NG.
We'll not go to the targets directly, expect technical bounces at the key support levels - $4.73 , $3.81 and $3.39.
Natural Gas (NATGASUSD): How to Buy With Confirmation 💨
Natural Gas formed a harmonic abcd pattern on a weekly.
Its completion point matches perfectly with a horizontal key level.
I am currently looking for a confirmation to buy.
I will look for a bullish breakout of a falling channel on 4H.
It will confirm the strength of bulls.
Goals will be 4.08 / 4.36
Alternatively, a bearish breakout of a blue area will push the market lower.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Exxon mobil and other oil stocks are boughtNYSE:XOM
PEPPERSTONE:NATGAS
Oil stocks usally follow natural gas and the price of oil pretty closly.
this makes sense since they sell oil and if the price of oil goes down then should the stock selling that oil.
recently this has not been true as the price of oil and Natural gas have fallen Oil companies are not falling but why??
i belive this is because of very high profits which they got when the price of oil was high
and also investors thinking that the price of oil will rebound
i think oil is over bought as the underlying asset is down but the Stocks selling those assets arent
Not Financial Advice just an opinon
fell free to Correct me on any of my points if i didnt see something
natural gas(henry hub)Don't you think the gas has fallen too much!? In my opinion, after meeting the demand and breaking the trend, it will go towards full neck gap
The new refinery has started working and we saw the fall, but now the weather is getting colder
NATGAS Bullish & Bearish Scenario Natural Gas is at a major support key zone, after several months of downtrend. My bias is that price would range at this level for a while before a major reversal to the upside. If the price breaks this key level, i expect price to move down to the next key zone.
Jan 11,22-NG-Will Price Drop to 3?In looking at the chart, price doesn't look good for a rebound anytime soon. I think 3 is in the cards for next week.
Weather is warmer than usual across the U.S., NG prices in Europe are dropping, China might have to go back into lockdown because of Covid concerns, the WORLD is heading into a hell of a recession, even though some of the world is already into it.
This is why I have stayed on the sidelines for the last 2 weeks and probably will for the next 2. Unless something changes, but price could actually drop to maybe 2.... I think 2.5 is certainly a possibility.
Hence, I am looking at trading a few other markets in the meantime to make some coin.
I will keep you posted.
Heiko
Natrual Gas at PCZ of Bullish ABCD with Bullish DivergenceNATGAS has Bullish Divergence at the PCZ of a Bullish ABCD on the 2 Day and it also has a smaller intraweek Bullish Shark Setup on the Hourly with a Bullish Divergence.
I will target $4.50 on the Hourly and $8.00 on the Daily.
NG Long IdeaNG must hold this area of support. Many factors at play here and we are still in prime time winter. I believe a long play here is wise.
Trade safe.
$NGAS - Heading to our Target!$NGAS - Heading to our Target!
What a prediction!
Nailed this drop in Natural Gas.
Europe and its its coin: The Euro, have been eating the fruits of this sudden drop.
I expect support to come in very soon, after that I think #NaturalGas will start to play a smaller role.
NGAS UP ! We have two gaps on the road ! HI guys,
Weather in US is crazy.
On the road we have 2 gaps on market.
TARGET 6.30
Good Luck !
It has formed a crab, falling wegde and a channelNatural gas has fallen a lot in recent weeks. Now it is probably time for a correction. It has formed a crab, falling wegde and a channel on the 30min chart which all have breaks. So here I buy.
Natural gas Elliott wave analysisAnalysis does not take account of current geopolitical situation and is based solely on Elliott wave analysis.
I would assume the it will follow the black more than the red scenario.
5.80 is the point where you would exit most of your shorts.
Naturalgas on reversalNaturalgas on reversal due to cypher completion and also as per RTM a very good level to long now.
Natural gas: When will the bloodshed stop?Natural gas prices (US Henry Hub) plunged 20% in the first week of 2023, dropping below pre-Russian invasion of Ukraine levels and continuing losses seen in the fourth quarter of 2023.
The sell-off was violent, mimicking a falling knife pattern, with prices sliding back to levels seen towards the end of 2021 and the RSI returning to oversold territory. aPrices are now two standard deviations lower than the 20-day moving average, while the 50-day and 200-day moving averages trade 70% and 100% above, respectively, than current prices. The decline from the highs reached in August is around 65%.
It appears that the apocalypse has arrived for the asset class that rose by 100% in the first eleven months of 2022, outperforming all major markets, only to lose all of its profits in one month.
Extremely high temperatures in Europe and the United States over the winter season kept natural gas supplies plentiful, causing prices to fall. According to NOAA predictions, temperatures on the North American continent will be above normal again in January 2023.
Prices for natural gas have hit a support level not seen in over a year, suggesting that an abundance of pessimism is already included into market valuations. Below this level of support, the next level to watch is 3.02 (June 2021 lows) and the psychological 3.00 level. That would imply a 70% loss from the peak, which would support some dip buying given that the market has not yet fully resolved the 2022 geopolitical issues.
In this case, technical analysis suggests that further declines are likely to be contained; similar oversold RSI levels in the past have been followed by weeks of bullish price action, suggesting that this sharp decline may not be without some upward potential. Prices might return to 4.47, the level at which they traded on the day of Russia's invasion of Ukraine.
Natural Gas (NATGASUSD) coming to demand zone 💨Hello guys, Everything is clear on the chart for you like always. Next potential move of gas could be an upward. we have a strong support and demand zone at 3.3-3.5 $. So you can consider it and monitor the price's action in the circle to enter buy position.
Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
Write your comment and opinion below to me
NATURAL GAS Potential rebound but bearish long-term.Last time we gave a signal on Natural Gas (NG1!) in late November, we caught a perfect rejection and sell entry for a strong bearish December trend:
As you see, the price even closed below the 1W MA100 (red trend-line), breaking its previous 1 year Bullish Megaphone pattern, so the trend is confirmed as bearish long-term. By doing so, it has formed a Channel Down whose bottom (Lower Lows trend-line) was hit and the price bounced yesterday. Today though it resumed the downtrend.
We believe the key here is the RSI on the 1W time-frame and the Falling Wedge pattern we identified last time. This is now on its bottom as it was on October 21 2022 Low, which caused the short-term rebound to a Lower High for the Channel Down.
As long as it holds, we expect the price to rebound on the short-term in order to test the 1W MA100 and 1D MA50 (blue trend-line). A rejection there should extend the Channel Down to a new Lower Low. A break of the Channel Down downwards earlier, will simply accelerate the downtrend to the 0.618 Fibonacci and the long-term Support Zone just above the 0.786 Fib. Notice that right now the price is on the 0.5 Fibonacci.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Jan 4,23-NG-Has it finally hit bottom?Happy New Year all - time to make a shitload of money this year!!
ok - post first - NG rose today for the first time in weeks, so NG is settling around the 4 mark. Will it go lower?? Possibly, probably.
Warm weather is in sight with no let up in sight for the next 2 weeks minimum.
I'm not doing anything until the storage report tomorrow - lord knows price could fall down to the 3.6 - 3.8 area by close tomorrow. Will THAT then be the bottom?
Maybe....dunno.
OK - So excited!! SO you might find some posts from me this year on different trades, notably the S n P 500, Wheat, Oil and Gold. (OF course there will still be NG updates)
The reason???? Because we should ALL make a shitload of money this year. I've been talking to a lot of you, and I know there is a lot of uncertainty regarding the recession we are in (going into) and of course the ongoing war. Apart from all the worry though, there is ALWAYS opportunity in chaos. People have been made Millionaires from some smart trades not only in recessions, but in uncertain times. (Which we are definately in).
So trade safe, stay safe and here's to all of us making a lotta money this year! :-)
Heiko
UNG | Its Time to Load | LONGThe fund invests primarily in futures contracts for natural gas that are traded on the NYMEX, ICE Futures Europe and ICE Futures U.S. (together, "ICE Futures") or other U.S. and foreign exchanges. The Benchmark Futures Contract is the futures contract on natural gas as traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration.
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.
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
