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Natural Gas

InvestMate| Naturalgas Is Getting More Expensive🏭 🏭 Naturalgas is getting more expensive 🏭 Observing the behaviour of gas in the last few days, I come to the conclusion that the medium-term uptrend is not over yet. 🏭 As you can see gas has been in accumulation since the end of October. 🏭 But in recent weeks something like the next upward wave is building. 🏭 After today's 7.86% rise, further increases are not at all unlikely. 🏭 The nearest zone of resistance is around a cluster of two fibo levels. The first is 0.786 of the last major downward wave. The second is 1.618 of the last local downward wave. 🏭 The support zone is determined by the cluster of the 0.236 and 0.382 levels of the last downward wave. 🏭 Also noting that we have pierced the 50-period moving candle and the MACD and RSI are generating signals towards the continuation of the current uptrend. 🏭 We have no choice but to observe how the price will behave. 🏭 The scenario I'm playing out is a continuation of the uptrend to the designated resistance zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
NLong
by InvestMate
10
Update on US Henry Hub Natural Gas Prices – December 2022A cold weather snap forecast across much of the United States is driving demand for natural gas as a heating fuel higher. Prices of front month Henry Hub Natural Gas Futures have risen over the past week as a result. The front of the curve has moved more than the rest of the curve. The curve is now close to where it was two weeks ago. Natural gas in storage is within seasonally normal range. Since June 2022, when Freeport LNG Terminal had to shut down after a fire, natural gas storage in the US has been ramped up as the gas produced in the US can no longer be exported at the same volume as prior to the shut-down. Freeport LNG accounts for close to 20% of US export capacity. Its re-opening has been delayed many times and the latest guidance from Freeport is a partial opening in mid-December 2022 and full production in March 2023 . However, in an email statement to Reuters they have pushed the reopening to end-of-year , and we remain sceptical that there will be any flow of LNG from the terminal this side of the of the New Year. Ample storage could drive US natural gas prices lower when the cold weather snap passes. Europe has been able to fill its natural gas storage capacity to close to 90% coming into the start of the winter period (October 2022) and is now drawing on that capacity at a slower than expected rate due to thrifting and an initially milder-than-expected weather pattern. However, colder weather has arrived, which could drive higher demand. Natural gas flows to Europe from Russia have slowed to a trickle and hence the region is reliant on Liquified Natural Gas from elsewhere. Unfortunately, with Freeport LNG offline, the US will not participate fully in meeting this demand over the coming weeks, but US Henry Hub may get a boost when Freeport LNG opens. The European Union is currently trying to implement a price cap on imports. There is no final deal to speak of, but the European Commission’s proposal, is for a market correction mechanism that would kick in when the price of month-ahead contracts on the Dutch Title Transfer Facility exceeded €275 ($290) per megawatt hour and the gap between world prices was greater than €58 . Any success in approving this price cap, could limit upside for US Henry Hub used as feedstock for LNG exports to Europe. However, with the price gap between US and European natural gas prices being so wide (almost 6 times ), we believe the upside could nevertheless very large. Source: 1 FREE PORTING NEW ROUTER 2 Reuters 3 Bloomberg 13/12/2022 4 WisdomTree calculation on 13/12/2022 using Dutch TTF Gas 1st Line Financial Futures (USD/MMBTU) as published by ICE Endex who convert megawatt hour to Metric Million British Thermal Unit (MMBTU) and USD using the WM/Refinitiv Closing EURUSD Spot Rates as published by Refinitiv at 4 pm UK time and Henry Hub Front month futures.
NYMEX:NG1!
by aneekaguptaWTE
$NGAS - Is the Gas Crisis Over? (Short Trade)$NGAS - Is the Gas Crisis Over? (SHORT) With the Economy slowing, a variety of commodities are showing weakness, think about $OIL and $COPPER. $NGAS is still retesting this channel breakdown. I'm looking for shorts in this area as the potential rewards are huge. The war in Ukraine may be coming to an end, and this could have an impact on the price of natural gas. If the conflict ends, it may be possible to increase the supply of natural gas from Ukraine, which could lead to lower prices. Additionally, Europe already has enough natural gas to meet its needs for the entire winter, which could also help to keep prices down. However, it is important to remember that the price of natural gas is determined by many different factors, and it is impossible to predict with certainty how it will change in the future on a fundamental level. The charts look good.
FX:NGASShort
by CryptoBoj
Dec 11,22-NG-Who's pissed off now?a 700 point Gap Up??? SERIOUS?? I am sooooooooooooooooo pissed off - I can't believe I missed this buying opportunity last week - like I told you all in my last post last week, I missed the buying opportunity, I screwed up....but then for fate to rub it in my face with a 700 point gap up over the weekend???? CRUEL!! Totally Cruel. Anyway, now that NG has gone up over 1000 points in 6 days, can it go higher?? or is price going to come back down a bit. Hard to say. I'll tell you this though.....I will be watching like a hawk. If price goes down a bit, I think I might put in a Buy Order at 6.8 or so in case price spikes up. If price keeps going down, hits 6.6, then 6.4 then lower, then I will keep my Buy Order about 200 points above the current price in case price action reverses quickly one day this week. I know Wed the FED is going to hike rates again and this is going to cause the markets to go crazy. I've already shorted the S&P500 and making money there so I'm keeping that trade. I'm also Long on Oil as there is the whole Russia uncertainty and U.S. Supplies are dwindling quickly so I'm keeping that trade also. But NG?? Again - I think between now and March price will go up no doubt...I just want to get in at the best price possible, and that was LAST WEEK!!! :-( Anyway, stay safe and hit me up with your comments - I wanna know what you all think - am I crazy? Or is price still gonna go up from here? Heiko
NYMEX:NG1!Long
by HEIKOTradingSystem
9
Dec 9,22-NG-Didn't go as low as is shouldSo how many of you missed getting in on the long trade this week? I DID!! Piss me off - I was expecting price to get to the late Oct low of around 5 - I actually had my Buy order in at 5 and as we all know, it never got that low. So I was without a trade this week. Now it's back up to 6 so I missed an 800 pt profit - oh well - at least I didn't lose any money :-) We will have to see next week where price goes...good chance it might keep going up - colder weather, the War etc. Even though Oil is tanking - who knows, maybe Oil will recover next week. Anyway, I digress... I hope everyone has an awesome Holiday Season. I have 2 weeks off work so I know I will have an awesome time!! :-) Tons of food - tons of people - tons of visits to an from my home. Time to reconnect with everyone and have some bloody fun! Take care and stay safe. Heiko
NYMEX:NG1!Long
by HEIKOTradingSystem
End of the lineCheniere Energy Inc. (LNG) stock has been on the rip since the Russian invasion on Ukraine in Febuary of '22. Russian invasion has shaken the global flows of natural gas and has enabled USA to replace Russia as dominant supplied of natural gas to Europe. Cheniere is the company which basically dominates the shipping of LNG across the Atlantic, so its no wonder their stock did more than 50% since the start of the war. As Natural gas, and energy prices in general, are slowly correcting to pre-war levels it makes sense for LNG stock to correct to its former support. It happens that support at about $120 is the same support which was tested after the war broke out, and the stock broke out to new highs.
LShort
by Owcheew8
1
Natural Gas - WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
N
by Tradelikemee
Natural Gas: Prices Could Plummet in DecemberEU and US futures remain stable, guided by the serene climate of the Chinese markets, where the launch of new support measures in China and other measures concerning the management of the pandemic could be announced shortly. This week the macro agenda revolves around Dec. 8 and 9 with the speech of the president of the ECB and with the US annual PPI, very important for confirming the ongoing decline in inflation. Nasdaq 100 Futures, S&P 500 Futures, DAX, FTSE MIB, IBEX 35: The rebound has almost exhausted its strength with the Christmas rally anticipated by the markets by a couple of weeks. In the short term, I am optimistic that the higher-than-expected drop in inflation in Europe and the US will give further impetus to the markets thanks to the easing of restrictive central bank policies. We saw last week what a boost any indication of easing the restrictive policy could give the markets. We properly exploited the situation with an excellent Buy operation on the Nasdaq 100 index near the market lows, a position still open. From 2023 things will change, and I advise you not to miss the next articles to keep up to date. Natural gas: Natural gas is in free fall as expected. The recent rebound was caused by the wave of intense cold across the US, which brought the demand for heating to a high level. The cold weather immediately vanished, with temperatures now expected to be higher than the seasonal average for December. In the long run, the situation is interesting. Europe will need even more LNG to replace Russian volumes next summer as the continent reloads storage. Chinese demand recovers from lockdowns and offsets lower imports from other Asian buyers. In the short term, the situation is pessimistic. In addition, the reopening of various export plants that have been offline for some time is creating an excess in domestic supply, which is also negative for prices. I will not buy gas at these prices for the reasons mentioned. I will evaluate a long entry only in the $ 4.50 area, which I expect will be tested in December. Crude oil: We are before a setback for oil. Although not penalizing Russia, the price cap could lead to an increase in demand for American oil, which is very positive for prices. Furthermore, the Chinese oil demand, held back by Covid, will pick up in 2023, and Opec is ready to intervene with a production cut to support prices in the event of a new collapse. However, I remain positive in the long term with a target of $90, and I am ready to re-enter after closing an excellent buy operation in profit.
NYMEX:NG1!Short
by Antonio_Ferlito
Natural gas 2023 outlook: Approaching a key confluence zone The recent price action in the daily natural gas price chart updated to December 5, 2022, saw prices falling rapidly and breaking below the supports of two moving averages (50dma and 200dma) and some key Fibonacci retracement levels, such as the 50% retracement of the post-Ukraine war rally to August highs. The two moving averages earlier created a death-cross pattern on November 10, which proved bearish after a brief rally to $8.04/MMBtu. In the summer, natural gas completed a head-and-shoulders pattern, falling below the $5.30 price support. That technical pattern was preceded by negative RSI divergence between April and June 2022, which also led in severe bearish price action to the $5.30 support level. The double bottom in October and July, as well as the significant technical resistance between November 2021 and March 2022, signal a very critical confluence zone for natural gas. The $5.30 critical support line is an important test for natural gas prices, which would have dropped by a recession-like 47% from their peak in August. If the war in Ukraine persists, it is quite improbable that prices will return to the $4.3 level, where they were trading on February 24, 2022, when Russia invaded Ukraine. Bulls may therefore reappear if the $5.3 support line and $5 psychological level are tested. On the upside, it is unlikely that the skyrocketing price levels observed in the summer of $9.5 or more will be retested anytime soon, as they coincide to an unprecedented supply issue in Europe that triggered an increase in US domestic prices due to increased LNG exports. In the first quarter of 2023, a sideways market trend with prices ranging from $5 to $8 appears to be the most likely scenario for US natural gas. The colder the winter. The more severe the winter in the Northern Hemisphere, the greater the possibility that prices will trade between $6.5-8 range. Rising recession risks and warmer-than-average temperatures, on the other hand, could prevent a depletion in gas reserves, keeping prices under pressure.
CAPITALCOM:NATURALGAS
by Capitalcom
Dec 4,22-NG-How Low Can It Go?In my last post last week, I gave several reasons as to NG declining in price. I said that it would probably get down to 6, maybe lower. It opened tonight in a Gap Down situation and now sits around 5.8 - crazy low. What will it do this week? Good question... I'm thinking it could get as low as 5.2, maybe touching 5 in a low 'rubber band' touch one day this week. Longer term I believe price will go up...problem is you have this thing called a Worldwide Recession hanging over us in the 1st quarter next year. This will keep prices down. You have Winter which will push prices up. And who knows what the War holds. Bottom line...dangerous time to trade. Unless you have a sure bet (which we never do), maybe best to stay on the sidelines and keep your cash :-) Stay safe and trade well. Heiko
NYMEX:NG1!
by HEIKOTradingSystem
4
Possible BOIL Cup and Handle in formation ENERGY PLAY LONGBOIL could be setting up a long continuation trade Now working on the handle. MACD shows the lines crossed while under the histogram is very often an excellent sign. Time will tell- My preferred trade will be call options expiring in late January or February. ( This is a triple-leveraged natural gas play with the upcoming winter heating season expected to be expensive especially in Europe. The inverse is KOLD which would be a good put option right now.) AMEX:BOIL
AMEX:BOILLong
by AwesomeAvani
Nov 27,22-NG Neutral this week?As you can see from the Daily Chart, price action is at the outside of the Linear Regression so it's possible this week price action could drop...maybe under 6. 1 - late last week both European AND UK NG price dropped 2 - Weather is looking steady, certainly on the cooler side, but still no snow really in the forcast for basically all of the U.S. 3 - China is in lockdown to the point that the world is now fearing a slowdown at the least - most of the world is thinking China will push the world into a recession as early as Jan, where price would certainly drop for NG 4 - Fractal from last week on the Daily so price will probably drop some. If price acion does NOT go up past 7.6 this week then there will be a fractal on the weekly chart also for next Sun. So will price drop this week?? Or just stay around Neutral?? No idea. Will probably go down some, at least that's what I'm thinking. So I have no idea how to trade this week so I'm on the sidelines till I can figure something out. Heiko
NYMEX:NG1!
by HEIKOTradingSystem
13
oil 11-24 update.good evening, --- remember in my last oil post when i called the top? there was some really salty humans in the comment section who were most likely bag holders from the absolute peak of the bull run. this is an update for them. --- last post: --- i feel like oil has entered into a quatervois here, which is basically "crossroad" in french. currently seeing two potential trajectories: 1. -oil runs up to 100ish through an expanded flat (green targets most probable, grey are weak, and red is unlikely, but always possible). -after which, a swift downturn to my $57 target from the original post. 2. -oil simply see's a dead-cat bounce, creates another hidden bearish divergence, and rolls over yet again - continuing it's bearish trajectory to my original target. --- all paths lead down there, potentially even deeper - but the question as always is: which path's it gonna take? ps. no offense to all the people who talk smack on my posts, you're always welcome if you have a proper argument. just keep in mind, "fundamentals, is not a proper argument".
OANDA:WTICOUSD
by notoriousbids
2
NATURAL GAS Critical test for bullish or bearish DecemberNatural Gas (NG1!) hit yesterday the Lower Highs trend-line of the August 22 top and today we see the first signs of a rejection. Until this breaks decisively, we can expect NG to pull-back to the 0.382 and 0.236 Fibonacci levels. Based on the 1W RSI though, which is on a Falling Wedge since the October 01 2021 High, there is still some room to rally, and if yesterday's Lower High is anything like the February 02 2022 Lower High, then after this pull-back we can expect a rebound back to the 0.786 and 1.0 Fibs even a new Higher High. In that case we will be buying every closing above each Fib. A complete bearish reversal scenario will take place if the price makes a weekly close below the 1W MA100 (red trend-line), which is where NG rebounded on October 24. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!
by TradingShot
2