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Natural Gas

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
Natural Gass CompassIn this one I use my preferred charting tool that uses data points from the past: Curved Trendlines. While there are other variations of such lines that I might use depending on the context, in this case the pattern low-high-high or high-low-low is widely detected as relevant and used as such for mapping out potential forces and support/resistance zones. As you can see there is a relevant potential support zone validated by both the white curve and the blue curve which overlap further in time. There will be no surprises if the these levels keep holding the price for a while. The yellow one is the weakest one in my opinion, because of the peculiar case on natural gas that doesn't provide much options for such support/resistance lines, because of the X high that was created in a strong but weird position relative to past highs and lows. Meaning that if the yellow is broken on the up, it might not even matter in the future because a different setup might unfold, creating a totally different type of line in any type of pattern regarding previous highs and lows. What I like about these lines is that the relevant ones tend to provide clear cut cases of rebounds (example in the white dot), retests after break (green dot), or even pure power breaks with no comebacks (yellow dot). The scenarios I find important in this picture are the following: - the obvious potential rebound from the white and blue - the less obvious but very important break on the downside of the white and blue which has a higher chance of a retest because of the significance of these lines (these retests tend to happen for these long lasting lines with many data points) - supposing the yellow line does hold, or if another similar resistance line appears after another high lower than X, and supposing the white is finally penetrated, we enter the C zone which I believe has a decent probability for action inside it. I find the B zone less likely to be relevant as it implies the breaking of the white which should lead to a more bearish or consolidation mood rather that another power bullish move. I decided to post this snapshot here with these lines because as you can see the price has provided decent relevant lines in the recent past with the greens and blue, while in the current present case, these lines are almost non existent because of the position of the X high relative to the previous highs and lows. My guess is that a careful analysis of the reaction of the market to these lines could give us clues of what the sentiment in the market is, shifting from the bullish mood to a more cautious neutral or indecision mood with the break of the white and blue.
CITYINDEX:NATURALGASCFD
by UnknownUnicorn903284
5
Cup and Handle Pattern on Natural Gas near breakout line The chart shows a classic "Cup and Handle" pattern forming on Natural Gas prices, suggesting a potential upside move upon breakout. The pattern consists of a "U"-shaped cup, indicating consolidation and recovery, followed by a handle representing short-term consolidation. The resistance line at the cup's peak marks the breakout point, signaling a bullish continuation once breached. For trading, initiate a long position upon a confirmed breakout above the resistance line and wait for a retest as support. Set the stop-limit just below the resistance line to minimize potential losses. The profit target is around 27, based on the next highest high from January 2024.
AMEX:UNGLong
by PappyTrading
9