NATURAL GAS 📉📉📉Expecting bullish price action on this pair but simply on a fundamental reason, price tapped on 7.0$ institional figure taking out some retail stops below this price area and for now we are going for the ATH - ALL TIME HIGH.
What do you think ? Comment below..
Naturalgasbuy
8$ NATURAL GAS PER GALLON COMMING???Fundamentals;
Russian President Vladimir Putin is demanding foreign buyers pay for Russian gas in roubles from Friday or else have their supplies cut, a move European capitals rejected and which Germany said amounted to "blackmail".
Putin's decree on Thursday leaves Europe facing the prospect of losing more than a third of its gas supply. Germany, the most heavily reliant on Russia, has already activated an emergency plan that could lead to rationing in Europe's biggest economy.
Western companies and governments have rejected any move to change their gas supply contracts to another payment currency. Most European buyers use euros. Executives say it would take months or longer to renegotiate terms.
Payment in roubles would also blunt the impact of Western curbs on Moscow's access to its foreign exchange reserves.
Meanwhile, European states have been racing to secure alternative supplies, but with the global market already tight, they have few options. The United States has offered more of its liquefied natural gas (LNG) but not enough to replace Russia.
European gas prices have rocketed higher on mounting tension with Russia raising the risk of recession. Companies, including makers of steel and chemicals, have been forced to curtail production
British and Dutch gas prices , were up 4% to 5% after Putin's announcement.
European companies had little or no immediate comment on the Russian announcement or on their contracts with Gazprom (GAZP.MM), which has a monopoly on Russian gas exports by pipeline.
Poland's PGNiG (PGN.WA) said it remained in contact with Gazprom with which it has a long-term contract that expires at the end of this year, but it said it would not discuss details.
Italian energy firm Eni (ENI.MI), another major European buyer of Russian gas, also had no comment. It bought around 22.5 bcm of Russian gas in 2020. Its contracts with Gazprom expire in 2035.
Danish energy firm Orsted (ORSTED.CO), which has a long-term take-or-pay contract with Gazprom, said it was waiting to hear from the Russian firm and declined to comment further.
Uniper (UN01.DE) and EnBW's (EBKG.DE) VNG (VNG.UL), two major German buyers of Russian gas, declined to comment, while RWE (RWEG.DE) did not immediately respond.
Technical ;
Okay so I'm a buyer now how would i enter the market and and what are the technical reasons that would confirm my bias As we can see that on the higher time frame the market
has reached an old highs And retraced and made a higher high in confluence with Fibonacci Retracement and if we zoom out to a
MONTHLY TIME FRAME ;
that we can see a significant change in overall market structure is broken to see this shift see it in terms of a broken wedge pattern starting from dec,1,2009 to 1 oct 2021
the market has recently retested that zone at 3.600 with a fib 0.618 + confluence of retest of major resistance turned support 3.600.
4 HOUR TIME FRAME ;
we can see that the market is making higher highs and higher lows with a standard deviation 0.100 points give or take and average of 0.69 points HEADING TO 8.500
THIS IS GENERAL OVERVIEW OF MY PRESPECTIVE
For trend analysis i use quantitative analysis AND ENTRY with help of highly proficient algorithms
CONCLUSION
i understand that 8$ per gallon gas ideas seems far fetched but all i see right now that the market is pricing in something it could be the reasons above or any other reason but this is what i this is going to happen
IF anything happens that changes the fundamentals of this idea, i will update.
please note that this is not financial advice. do your own research and use this information as conformational bias on top of your own analysis.
like for support!!!!
NATURALGAS SHORTS 📉📉📉📉 Expecting bearish price action on NATURALGAS, and we could try to short a market top on this area. We have a lot of bullish imbalances on the NATURALGAS that has to be filled into the incoming week. Also we had a big expansion move and the price should make the retracement move from there.
RSI is overbought in this area meaning the price is very expensive.
What do you think ? Comment below..
NATURAL GAS LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on NATURAL GAS as price is in a clear bullish market strucutre on D1/H4 timeframe, price made a breakout above the weekly highs retraced back into the H4 imbalance testing the weekly highs and clearly reject from that area. I think we will see 6.0 ASAP.
From a market seasonality standpoint we are very bullish as naturalgas should rise in this period of the year + the problems between the Russian Federation and European Union about the gas delivery in the Europe.
What do you think ? Where we go next ?
XNGUSD LONG - Buy Entry - D1 ChartXNGUSD LONG - Buy Entry - D1 Chart
Buy @ Market
Symbol: XNGUSD - Natural Gas
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
TP - Resistance @ 6.0262
TP - BE - Resistance @ 5.1223
H4 Support @ 4.6713
W1 Support @ 4.3370
PP Y1 - Pivot Point Yearly @ 4.2167
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NATURAL GAS LONGS 📉📉📉📉 Expecting bullish price action on NATURAL GAS from a medium-long term perspective as we are in a HTF BULLISH MARKET STRUCUTRE, price kept the 4.5 psychological barrier without breaking it to the downside, we have bearish imbalances somwhere around 5.0 that should magnetize price back there, Market Seasonality is very bullish on chart as we have a BULLISH CYLCE + the fundamental context makes me thing we will go higher. I think in the next 2-3monts we will have a huge problem with supply/demand because Russia advised European Union of higher prices on GAS.
What do you think ? Comment below...
NATURAL GASThere was a big ending diagonal and the price broke out from top and there is pullback you can see in the chart. another reason is fundamental analysis, Russian war and sanctions can grow the price of NATURAL GAS.
Mar 8, 22 NG Go LONG (Buy Order)After Bidens announcement I put in a Stop Buy Order at 4.6 to see if price action would come up once 9:30am hit - Sure enough it took less than 15 minutes.
This of course is all due to Biden, who later today is said to ban Russian imports and/or the purchase of Oil and NG from Russia. This could put a supply issue into the world which will push the price of both up.
I am hoping to ride this price action back up to the 5 mark for some nice profits.
I will keep you updated.
Heiko
Natural Gas (NYMEX) - Weekly UpdateNatural Gas - Weekly
Bottom Line : "Big-picture" Bullish.
Repeating : The higher probability view is to label the Primary wave ((C)) decline as an ending diagonal to complete Cycle y . Ending diagonals are terminal structures. They are typically followed by swift reversals that retrace the entire length of the pattern. There’s not enough historical price data to confidently assess the wave degrees above Cycle, but a multi-year rally from the Cycle wave y low is likely to retrace the bulk of the decline from the 15.78 all-time high set in 2005 .
NATURAL GAS NEAR FUTURE ANALYSISTechnical Analysis Summary
Natural Gas
TREND ANALYSIS
We have 1 Downtrend in red color
We have 1 Uptrend in green color
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
NATURAL GAS NEAR FUTURE ANALYSISTechnical Analysis Summary
Natural Gas
TREND ANALYSIS
We have 3 Downtrend in red color
We have 1 Uptrend in green color (Long Uptrend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy.
Sorry I did not post lately since I had covid
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
Natural Gas LongBullish scenario:
Analysis based on pure technical - trend line analysis - Fib retracement (power of Fibonacci Retracement , so we can use as like our advantage in the future), I think now patience is the essential key. Buy the dip!
"Buy the dip" opportunity
News:
The US benchmark for the price of natural gas was in negative territory early in the December 14 session, extending the sell off from the previous trading day.
The January gas delivery contract at the US Henry Hub was down 1.24% as of 12:35 GMT at $3.75/mn Btu. The contract lost 3.3% in the previous session.
The International Energy Agency (IEA) in its monthly market report showed production of natural gas for members of the OECD increased 5.1% from September 2020 to September 2021, the last full month for which the agency has data. Consumption, meanwhile, declined by 4.9% in the OECD.
Elsewhere, IEA stated that the emergence of the Omicron variant of the novel coronavirus that causes COVID-19 was reason for economic concern, but pessimism has eased since the end of November. Nevertheless, the IEA warned that new travel restrictions could curb overall demand. Drugmaker Pfizer, meanwhile, says its pill for COVID-19 is nearly 90% effective in trials.
For weather in the continental US, the National Weather Service said heavy rains are expected along parts of the West Coast, which would accumulate as snow in higher elevations. For parts of the Plains states and in the Mississippi River valley, temperatures are expected to be well above average for this time of year.
The US benchmark for the price of natural gas was in negative territory early in the December 14 session, extending the sell off from the previous trading day.
The January gas delivery contract at the US Henry Hub was down 1.24% as of 12:35 GMT at $3.75/mn Btu. The contract lost 3.3% in the previous session.
The International Energy Agency (IEA) in its monthly market report showed production of natural gas for members of the OECD increased 5.1% from September 2020 to September 2021, the last full month for which the agency has data. Consumption, meanwhile, declined by 4.9% in the OECD.
Elsewhere, IEA stated that the emergence of the Omicron variant of the novel coronavirus that causes COVID-19 was reason for economic concern, but pessimism has eased since the end of November. Nevertheless, the IEA warned that new travel restrictions could curb overall demand. Drugmaker Pfizer, meanwhile, says its pill for COVID-19 is nearly 90% effective in trials.
For weather in the continental US, the National Weather Service said heavy rains are expected along parts of the West Coast, which would accumulate as snow in higher elevations. For parts of the Plains states and in the Mississippi River valley, temperatures are expected to be well above average for this time of year.
Thursday: Natural Gas - Week 47Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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Saturday: NGAS - Week 46Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
Natural Gas is wanna ready to big move to $6 Natural Gas can reach to $3.1 in coming week , then a correction to $2.8- $ 2.9 is possible
and is ready to break big Resistance $3.1 to $6 in 6 month .
%100 profit in 6 month is not bad :-)
NaturalGASSeries Of Higher High and Higher Low
Hammer Formation at Possibly Higher Low
Entry 5.489
Stop loss at 5.402
With trailing Stop Loss at Lower Highs
DO NOT TARDE WITHOUT STOPLOSS!
NATURAL GAS : LONG POSITIONS SETUP | PRICE WILL GROW...Welcome back Traders, Investors, and Community!
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NATURAL GAS: PRICE ACTION , NEW BULLISH IMPULSE COMING...Welcome back Traders, Investors, and Community!
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Thursday: Natural Gas - Week 35Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
NATURAL GAS - 🌀 Hurricane or Comet ☄️Natural gas chart is a beauty and also a wild beast!
The price has been super volatile before and this is exciting to traders and speculators alike.
Price has broken over it's major resistance and the potential is high, as you can see on the chart.
With Nearly 95% of Gulf Coast oil and gas production offline as Hurricane Ida buffets Louisiana, Natural-gas futures were on the rise, extending a climb to a three-year high.
Covid implications are also valid: If a new lockdown happens, people stay home, that drives Natural gas consumption higher and Oil lower.
Maybe an option to hedge with WTI? Yes, why not
One Love,
the FXPROFESSOR
PS. BE CAREFUL, NATURAL GAS IS OFTEN A COMET..CAN MAKE YOU OR BREAK YOU