Get started

Natural Gas

Natural Gas Futures ( NG1!), H1 Potential for Bullish BounceType: Bullish Bounce Resistance: 6.607 Pivot: 6.260 Support: 6.013 Preferred case: Price is moving nearer to the pivot level. We are expecting the price to potentially bounce off from our pivot level of 6.260 in line with 61.8% Fibonacci projection and -27.2% Fibonacci expansion towards our 1st resistance level of 6.607 which is in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Alternative scenario: Otherwise, the price might break our pivot structure and trigger a dip to the 1st support level of 6.013 in line with the 78.6% Fibonacci projection and -61.8% Fibonacci expansion. Fundamentals: No major news.
NYMEX:NG1!Long
by Genesiv
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!!!!
NLong
by zeyankhan1318
6
Natural Gas (NATGASUSD): The Situation May Become Worse 💨 Update for Natural Gas. This week the market set a new higher high higher close on a daily violating a previous high. Analyzing a monthly chart we may see a breakout attempt of 6.07 - 6.70 structure resistance cluster. Monthly candle close above that zone will confirm a breakout and may lead to a strong bullish rally. Next resistance on focus will be 9.0 level. Be prepared for bullish continuation traders. ❤️Please, support this idea with like and comment!❤️
NLong
by VasilyTrader
21
NatGas: Ants in Its Pants 🐜🐜🐜NatGas seems to have ants in its pants, seeing that it has been fidgeting above the orange zone between $3.982 and $4.464 during the last weeks. As it has botched its first attempt to move upwards after finishing wave 2 in green, we expect NatGas to try for a second time. It should then rise into the green zone between $5.856 and $6.214 to complete wave 3 in green. After a moderate correction in wave 4 in green, NatGas should resume the ascent and climb above the resistance at $6.466. If its antics have sapped NatGas’s energy too much, though, there is a 40% chance that it could drop below $3.536.
NYMEX:NG1!Long
by MarketIntel
1
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 .
NYMEX:NG1!Long
by ferGOD
1
NATURAL GAS Head & Shoulders of Donbas annexation vs 2014 CrimeaThis is Natural Gas on the 1D time-frame. The recent acts of war by Russia in Ukraine and the annexation of the Donbas region has created a Head and Shoulders (H&S) pattern, which is typically a bearish reversal sequence forming market tops. This is similar to some extent with the pattern formed in February - March 2014 when Russia again committed acts of war against Ukraine by annexing the Crimea region. In both cases the 1W MA50 (red trend-line) was is Support. In March 2014, the situation was de-escalated by a Channel Down, following the peak (head) of the formation. At the moment NG may be forming a similar Channel Down. Could this be a sign of de-escalation and follow up of lower prices in the coming months for Natural Gas? P.S. Always keep in mind Natural Gas' multi-year cyclical behavior as I accurately displayed on the following chart: -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
NYMEX:NG1!
by TradingShot
1