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Natural Gas

E-cutieAll year EQT, an unloved natural gas producer has been a swing trader's paradise. I've harvested so many gains from these E-cutie trees I thought I'd make a thread just for it and post trading updates. The macro technical picture is clear. Years of being battered by shorts ended with capitulation in 2020, followed by a swift rebound. Fundamentals are tightening. According to analysts, $25 is fair price for $2.50 NG price. Goldman Sachs has a $23ish target. Price action is showing signs of bottoming. It's lining up but this is much more profitable short term swings. Currently, price is building a base at previous long term support around $18. More downside is certainly a possibility given that NG prices look overvalued. But, EQT is in a channel and fundamentally undervalued. Investors might front run this sector as demand picks up in later in the year, in which EQT will likely be closer to $25. s3.tradingview.com Long EQT +200 @ 18.10
NYSE:EQTLong
by trade-God
NatGas: Take-off 🛫The price of NatGas has gained significantly again since Friday and could thereby move further away from the support at $2.48. Thus, we assume that it has already left the white wave (2) and is ready for high flights. For the white wave (3), it must rise significantly above the resistance at $2.75. After the completion of this wave, we expect a small correction and then another significant rise in the form of the white wave 5. Hence, we see a lot of movement on the upside at the moment. However, it should be noted that there is still an alternative scenario with a probability of 28%, which occurs if the price now falls contrary to our expectations. Then it would first have to fall below the support at $2.48.
NYMEX:NG1!Long
by MarketIntel
#NatGas Update #OOTTThe chart is non-tradable (though I did enter some cheeky shorts). Natgas is tracing out something really intricate, as is its typical behaviour. I suspect (and this is only specualation at this point) that the market is undergoing a compex [ w] [ x] [ y] correction as wave b where [ x] is a flat with an expanding diagonal in wave (C). Then there has to be either another flat or a triangle in wave [ Y] to complete wave b and proceed to a simple impulse c. That is extremely speculative at this moment, and hence not tradable from an ElliottWave perspective. The key points are - I believe the correction within the correction has not yet been completed. - Once wave b is completed, there may be a nice quick short setup followed by medium-term long opportunity This is not advise.
OANDA:NATGASUSD
by Fomenka
NG1! Is Bearish! Short! Here is our detailed technical review for NG1!. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2.667. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2.574 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
NYMEX:NG1!Short
by SignalProvider
12
NATURAL GAS Buy lower, sell the break-outLast time we looked into Natural Gas (NG) we called for a buy entry (see chart below) right after the contact at the bottom (Higher Lows trend-line) of the Bullish Megaphone: The 2.550 target has been hit but the rise didn't stop there, breaking even above the former 2.690 Resistance and making a Higher High in the process. The price is right now above the 1D MA50 (blue trend-line) but in terms of Risk/ Reward neither a favorable buy or a sell. We are willing to buy at 2.400 with a tight stop just below the Megaphone's Higher Lows trend-line and target 2.800 (below Resistance 1). If a 1D candle closes below the bottom (Higher Lows trend-line) of the pattern, we will sell and target the 1.950 Support. The 1D RSI is trading inside a Channel Up pattern. If broken, it will be a first confirmation of a bearish break-out signal. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!
by TradingShot
1
NG1! Buyers In Panic! SELL! My dear subscribers , This is my opinion on the NG1! next move: The instrument tests an important psychological level 2.674 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Target - 2.568 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Short
by AnabelSignals
14
NatGas: Come on! 👏NatGas needs to show a bit more motivation to complete wave 3 in green, as we expect the corresponding top near the upper end of the white zone between $1.88 and $3.43. After the price has also dealt with the short counter movement of wave 4 in green, it should finish the green five part upwards movement, rising from the white zone toward the top of wave iv in pink. As soon as this is placed, we reckon with a significant downwards movement, which should lead to the low of wave 2 in green before the ascent can start anew. However, there is a 40% chance that NatGas could leave the white zone on the lower side prematurely, thus developing wave alt.2 in green earlier already.
NYMEX:NG1!
by MarketIntel