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NATURAL GAS The top is in. But how low can it go?Exactly two months ago by making use of Natural Gas' clear long-term cycles, I called for a potential Top of the current Cycle after the formation of a Golden Cross on the 1W time-frame: Even though the price rose a bit more, the peak was made shortly after. This time I am narrowing the horizon to 5-6 years and as you see the Cycle's peak was made exactly on the Higher Highs trend-line that started after the December 2016 High. An important technical development is that the 1W MACD made a Bearish Cross, which when formed on that Higher Highs trend-line, is a Top. Even though on a multi-year basis, the technical outlook has Natural Gas going as low as the Support Zone, on the less long-term, it may follow a consolidation phase as in 2017. A long-term startegy for a cyclical investor would be to sell every rebound as the current one and gain from such swings on a 1-2 year horizon. In 2017/2018 it was only when the 0.618 Fibonacci retracement level broke, that NG broke down towards the Support Zone. So in such strategy long-term traders may resume selling once the current 0.618 Fib breaks (3.374) towards the Support Zone. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
NYMEX:NG1!Short
by TradingShot
4
ng buyThe world is demanding energy for an economic recovery and a winter in Europe. Natural gas prices have been rising in recent months, due to the great demand for various factors, including the search for and implementation of cleaner energies, in this process some countries such as China are entering a stage of de-carbonization, In China's attempt to gradually reduce the use of coal, natural gas is becoming more in demand, the key factor behind the rise in natural gas prices is its demand, the European Union is also stopping the use of coal and needs to supply This energy need with other means, until generating a dependence on natural gas, this benefits Russia a lot since they are one of the largest gas producers and as in OPEC they can manipulate the supply, in some geopolitical scenarios it would benefit them to pressure the European Union in certain gas pipeline projects.
NYMEX:NG1!Long
by juliansb32
NATURAL GAS Time to start selling?Natural Gas has been one of the most profitable trading assets of the year offering great returns to our long-term portfolio. On a long-term scale though (1W time-frame on this chart) it has starting to form a peak pattern, which we have seen previously in the past 20 years. I've plotted the Sine Waves on the chart to more efficiently illustrate NG's long-term cycles. Currently it is within a Bull Cycle having formed a Golden Cross (MA50 crossing above the MA200) in June. However after every 1W Golden Cross since 2000, the market made a Top shortly after. We have three very clear cyclical occasions as you see on the chart. On top of that the current 1W RSI sequence is very similar to these past top formations. Our thesis is that Natural Gas has or is very close to forming a long-term Top and we are starting to take sell positions on that market. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes --------------------------------------------------------------------------------------------------------
NYMEX:NG1!Short
by TradingShot
4
BTC - Press Your LuckThe Potential for a Squeeze in BitCoin is rising. 30,000 lets go and Sellers will indeed press their luck should it fail. Selling throughout the EU Session has gained momentum as the VIX broke it's UTL by 4 Ticks. We had issued a cautious note on Indices into July 20-22, 2021 as tensions were beginning to mount in the South China Sea. RTY has failed IT Support, ES Fails at 4251, YM 34,000 - NQ 14313.50. CCRV has been indicating a Pullback in the Commodity Complex as the Curve appears to be heading South once again. Presently, we are anticipating a minor retracement at some point today, perhaps when the EU Session closes up into 11:30AM EST. Should Selling continue unabated, we anticipate BRC losing 30K this week and heading to out open Target of 24955. 36,000 should contain any ST Squeeze as the Sell Side of the BTC trade is becoming crowded. NG has been a stellar counter-trend trade to CL, $4 appears to be in play. Remembering when NG traded from $1 to $21 - brings back memories. OGZPY (Gazprom) would continue its trend to $20 over the longer term time horizon. The VIX has made a new high just now and is now targeting the 22.75 Level. It's going to be a sporty day indeed, right on time :)
COINBASE:BTCUSDShort
by HK_L61
3
NATURAL GAS approaching the ultimate long-term sell levelI've first published this chart 2 years ago on Natural Gas' 2 year cycles within a +10 years Channel Down. As you see this pattern is holding up to this day and in fact following the aggressive rise of this year (and of Q2 in particular), it becomes more relevant than ever. The time-frame is on the weekly (1W) of course to grasp as much of the long-term price action as possible and right now is has just formed a Golden Cross (when the 1W MA50 (blue trend-line) crosses above the 1W MA200 (orange trend-line)). This is technically a bullish formation as it shifts momentum from bearish to bullish long-term. However within this 10 year+ Channel Down, Golden Crosses have been formed closer to peaks than bottoms. It is therefore no coincidence that the price has already entered the Sell Zone of the Channel Down and is currently approaching its Lower Highs trend-line. I've applied also the Sinewave indicator and it seems very consistent with NG's cyclical behavior within this Channel Down. Even though this Cycle's Top (Lower High on the Channel Down) can be priced anytime within 2022, the price level won't be much higher than the current. Long-term traders and investors should take this opportunity to sell and comfortably wait for (much) lower prices in 2024 before buying again. Such consistent long-term patterns don't come around that often. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> chrissmith98 --------------------------------------------------------------------------------------------------------
OANDA:NATGASUSDShort
by TradingShot
2
NEW POSITION $NG Target 10.09 for 23.20% $NG Target 10.09 for 23.20% Or double position at 6.29 That's one heck of a dip right there. I don't love trading gold so I took a smaller than normal position here... but it looks like it has a nice range. — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
AMEX:NGLong
by SPYder_QQQueen_Trading
NATURAL GAS Action PlanPattern: Channel Up on 1D. Signal: Buy within the 1D MA50 (blue trend-line) and the 1W MA50 (yellow trend-line). Target: 3.350 (just below the -0.236 Fibonacci extension). Most recent Natural Gas signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> CryptoSurfer007 --------------------------------------------------------------------------------------------------------
N
by TradingShot
2
NATURAL GAS 1st Higher High since mid February. Buy.Pattern: Triangle on 1D. Signal: Buy as the price has rebounded on the 1D MA200 (orange trend-line) and formed the 1st Higher High since February 17. After a Higher High, a rally was always followed since July 2020. Target: 3.140 (the 1.618 Fibonacci extension ). Most recent signal on NG: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> kylevd23 --------------------------------------------------------------------------------------------------------
NYMEX:NG1!Long
by TradingShot
NATURAL GAS Buy SignalPattern: Triangle on 1D. Signal: Buy as the price has found support just above the 1D MA200 (orange trend-line) and within the 8-month Higher Lows Zone (green). The RSI also hit its own Support Zone. Target: 3.140 (the 1.618 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala --------------------------------------------------------------------------------------------------------
NYMEX:NG1!Long
by TradingShot
7
Key Trendlines, Support and Resistance Levels in Natural GasDisplayed here on the 4h chart are key trend lines noteworthy in NG during the past year which offer suggestions of imminent support and resistance. What's interesting is how the 200d SMA (blue line here) has merged perfectly with a trendline established 21/22 Sep (red line). The SMA and trend line have acted as a support line and provided a window for NG price trend range - see how the SMA has bound to the trend line as if they were one and the same. Also interesting is how the Linear Regression channel, shown as dotted lines here, is also well aligned with the trend lines in the same way. Other trend line possibilities I've shown here (yellow and dark red) illustrate potential alternative variant support lines. The 100d SMA (orange line) is currently holding us where we are now and explains where we have settled today despite a number of attempts at a breakout. If we drop from here, we may look for the 200d SMA level as support - likely within the timeframe provided by the green line. This is likely to fall indirectly and over time rather than suddenly as a particularly cold snap of weather is due to hit the US by the 27th Jan.
OANDA:NATGASUSD
by Julesdude