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Natural Gas

NATURAL GAS Expecting a dead-cat-bounce. Get ready to sell it.Natural Gas (NG1!) has been trading within a long-term Falling Wedge pattern since the April 2023 Low, with its latest Lower High coming right at the top of June 11 2024. With a short-term bullish divergence on the 1D RSI, we expect to see a 'dead-cat-bounce' in August, which even though it might get as high as the 0.786 Fibonacci retracement level to price yet another Lower High, an acceptable level to get a sell entry again, would be the 1D MA50 (blue trend-line). Our Target is 1.400, which would be the -0.5 Fibonacci extension (where the February 20 2024 Lower Low was priced), even though the Wedge's technical Lower Low extends as low as 1.200. ------------------------------------------------------------------------------- ** 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!
by TradingShot
The Price of Natural Gas Finds Support. But for How Long?The Price of Natural Gas Finds Support. But for How Long? On 21 June, we wrote that the trend in the market was weakening, noting that: → Forecasts of a hotter summer, published during April-May, led to a sustained bullish trend in the natural gas market. → According to the technical analysis of the 4-hour XNG/USD chart and the signs of weakness that have formed on it, the level of 3.160 appears to sufficiently account for the risks of an extremely hot summer. → Bears might push the price to the lower boundary of the ascending trend channel. Since then, the price of natural gas has: → tested the median of the ascending channel (shown by an arrow), which acted as resistance; → broken the lower boundary of the channel; → dropped to the level of 2.06 amid news of sufficient natural gas reserves in storage. And, as the XNG/USD chart shows today, it is this level that is now forming signs of support for the market: → the lows A-B appear to be elements of an incomplete double bottom pattern; → the level of 2.06 acted as resistance in March-April, so support here is anticipated by technical analysts. But can the bulls reverse the trend? In the near future, the price of natural gas may consolidate within a narrowing triangle, formed by the support at 2.06 and the descending trend line (shown in red). It is possible that failures in any attempts to break through the red line will lead to a resumption of the downward trend and a subsequent decline in price towards the support at 1.875. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XNGUSD
by FXOpen
2
Natural Gas...New All time lows? Natural gas has seen a failed breakout on the daily chart. After this failed breakout occured its been weeks of relentless sell side pressure. We have lost key weekly and daily supports, which doesn't help the bullish case. There is 1 small positive on the daily chart: a positive RSI bullish divergence. Understanding how this commodity works, one should be prepared for a downside case of $1.60. Its not a guarantee but a possibility. The Nat gas resource stocks are mixed and showing sings of volume accumulation. I'm watching the $1.95 Gap fill on Nat Gas very closely. If the bulls defend that area we could rally quickly. Keep your eye om the "Death Cross" signal, usually a buy signal for a short term bounce.
CAPITALCOM:NATURALGAS
by Trading-Capital
Natural Gas: Will the bulls ever come back? Another sell side day for nat gas...what else is new? back to the same technical support trend line for Nat gas. technically this is support. If this trend line holds we will see an epic bounce IMO. If we break this are we could be testing $1.90. I believe that this is still a great risk to reward to accumulate for the long term, while understanding there could still be another 20% down if we break this level...so HODL accordingly.
CAPITALCOM:NATURALGAS
by Trading-Capital
XNGUSD / NATURAL GAS Robbery plan on Long SideMy Dear Robbers / Traders, This is our master plan to Heist Natural Gas market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Stop Loss : Recent Swing Low using 1h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
CAPITALCOM:NATURALGASLong
by Thief_Trader
Completing the eight-wave cycleGreetings, Dear friends, I hope you are well and have a week full of successful and profitable transactions. I haven't been in the service of the companions on the Trading View platform for a few weeks because I was completing an educational resource. I hope I can make up for my absence from now on, but if I see a valuable market, I will share it with you. The text of my analysis: Regarding his view of the natural gas market, he has advanced five waves upwards, which has formed an impulse pattern, followed by a simple sharp zigzag pattern consisting of three waves, and wave C has advanced more than 161.8%. However, based on my personal experience, I have come across such corrections in several markets, which correct very deeply. Anyway, I am currently waiting for the trend to exit the channel until the price of the aggressive idea passes, and definitely after the formation of each wave, a corrective pattern should be formed, and the trend should continue. Completing the eight-wave cycle. Note: I am an analyst in the world of principle wave, who has entered the fourth year of my work experience, and I am developing an analytical idea. In financial markets, there is no 100% certainty due to the complexity of different patterns that can change. However, I do my best to back up every analysis I share with you guys with everything I've learned so far. A brief explanation of the three fundamental laws of the wave principle: 1. The second wave should never go beyond the beginning of the first wave. 2. The third wave should never be the shortest wave between waves 1, 3, and 5. 3. The fourth wave must never enter the territory of the first wave. Ralph Nelson Elliott was the founder of this theory, and when asked about his view of the market, he always referred to five waves in the direction of a larger trend and three waves against the direction it was taking. After completing an eight-wave cycle, a larger cycle is formed in the future, simply. May his memory be cherished, and may his soul rest in the shelter of God Almighty and the eternal world. I am attaching the analysis of this market that I shared with you earlier to this current analysis. The last word of my analysis text is repetitive, except to explain the current analysis because I also trade in the financial markets and I am active in my social networks, and I work hard to improve my skills in analysis and trading to reach my goal. I apologize for repeating the text. I welcome suggestions and criticisms, and I will respond, but a logical reason is important to me. Thank you for taking the time to review my analysis. First of all, I wish good health and success to all my dear friends and colleagues. Mr. Nobody
FOREXCOM:NATURALGASLong
by Mehdi_Abbasi_EWP
Natural Gas Poised for Seasonal Upswing Natural gas is entering a seasonal phase where the price is attempting to retest a previous demand area. This zone is significant as commercial traders begin to accumulate positions, signaling a potential opportunity for a long position. Our current approach is to identify the optimal reversal point to capitalize on this anticipated uptrend through the beginning of September. As we monitor the market, our focus is on finding the best entry point at a discount price, ensuring a favorable risk-reward ratio. The demand area, which previously provided strong support, is a critical level. A successful retest and subsequent bounce from this zone could confirm a bullish reversal, making it an ideal point to enter long positions. Commercial traders' actions are a key indicator in this scenario. Their accumulation of positions suggests confidence in the potential for natural gas prices to rise. This accumulation phase often precedes significant price movements, as these traders typically have access to more comprehensive market insights. Historically, natural gas prices tend to exhibit seasonal patterns, with certain times of the year presenting more favorable conditions for price increases. The period leading up to September is traditionally strong for natural gas, driven by factors such as increased demand for cooling during the summer months and preparations for the upcoming winter heating season. In conclusion, natural gas is showing promising signs of a seasonal uptrend, with commercial traders accumulating positions in a key demand area. Our strategy involves closely monitoring price movements to identify the best entry point for a long position. By leveraging the insights from commercial trader activities and historical seasonal patterns, we aim to capture the anticipated bullish momentum in natural gas prices leading up to September. Investors should stay vigilant and ready to act as the market presents these opportunities. ✅ Please share your thoughts about NG in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
NYMEX:NG1!Long
by FOREXN1
1
BOIL in strong downtrendBOIL is in a strong downtrend. The daily chart has hit a new low But the 1-hour chart has now become "extended" Remember there are 5 waves in an average trend. Once the trend becomes extended, the price likes to break above the 50 SMA to "recalculate" and continue or "recalculate" and reverse. We love both right? The question becomes, which direction will the market choose? No one knows. So all you can do is trade your strategy off of the current patterns and information that you see. That's why 'risk management" is so important. Use 1% of your current total account value on each trade. That's formula I use in my trade plan and it has served me well. Link in profile :) That's all you can do.
AMEX:BOIL
by thechrisjuliano
Historically Warm Weather to Support Natural Gas PricesAfter the second quarter relief rally and the five-month peak, Natural Gas registered a four-week decline. This has shifted bias to the downside again, creating scope for further losses towards 1.940. However, a look at the daily chart shows that NGAS tries to react at the lower border of the Ichimoku Cloud. Furthermore, a Golden Cross (EMA50 crossing above the EMA200) has been formed, which is often viewed as a precursor of sustained growth. This technical formation compliments the favorable fundamentals, as demand is set to increase this year, while key drillers lower their activity. Although the world shifts to renewables, Natural Gas is seen a bridge fuel facilitating this transition. Furthermore, it is heavily used in electricity generation, being the top source in the US and No2 globally. June was the thirteenth straight month of record high temperatures according to Copernicus, which can provide another tailwind for energy demand during the summer months. This in turn can increase Natural gas consumption and support prices. As a result, NGAS can reclaim the EMA200 that would give control to the bulls and the ability to push for the June peak (3.164). The upside contains multiple technical roadblocks though and there are risks to the upbeat supply-demand dynamics. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:NGASLong
by FXCM
1
Natural Gas Approaching Seasonal Growth PhaseNatural Gas is entering a period where its price tends to grow exponentially until October. We have identified a potential Demand area with a trigger price at $2.20. Given the favorable conditions and the seasonality trend, we see an opportunity for a Buy Limit order. With a reward potential of 2X, this setup offers a promising risk-to-reward ratio, making it a compelling buy opportunity. ✅ Please share your thoughts about NG in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
NYMEX:NG1!Long
by FOREXN1
1