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Natural Gas

NATURAL GAS IN A CORRECTIONNatural gas is in correcting as a ZIGZAG for the 2nd wave and it can bounce from 61.8% of fib level. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #NATURAL_GAS #NG
NShort
by anantadhungana
NatGas: Drama Queen 👑 NatGas is a legit little drama queen these days. Since last week, it has completed wave 2 in green at about $4.049 and has not looked back so far. With several dramatic boosts, it surged upwards and breached the resistance line at $4.825 to finish wave 3 in green. After this exhausting exertion, it put its delicate hand on its forehead, sighing: “I need to recline for a bit…”. This breather led to a descent back below $4.825, but also to a fast recovery. With more dramatic flourishes, NatGas rose higher still and nearly touched upon the green zone between $5.601 and $5.836. Although it has drawn back a bit again, fanning itself with an embroidered handkerchief, we expect Queen NatGas to make it into the green zone to conclude wave 5 in green. If its power suffices, it could even rise into the orange zone between $5.954 and $6.467 to finish wave 5 in green in addition to wave iii in orange there. After all these stresses and strains, we reckon with a distinct corrective movement, which should lead into the lower orange zone between $5.265 and $4.294. There, NatGas should complete the countermovement with wave iv in orange and be royally ready to rise into the upper orange zone between $7.297 and $7.810.
NYMEX:NG1!Long
by MarketIntel
3
US NatGas Hits Trendline - Fundamentals Likely to Buoy Prices US natural gas futures (Henry Hub) are under pressure following a sharp surge higher, pinging former trendline support before easing. Prices may remain elevated, given colder-than-average temps expected to last through next week from the Ohio Valley to the Southeast US. Meanwhile, Europe continues to source a high amount of US LNG cargoes amid a supply crunch and looming Ukraine/Russia tensions. Volatility is likely to continue in the short term.
NYMEX:NG1!
by Thomaswestw
Natural Gas - Bullish CycleWe're currently observing what could be the beginnings of a primary wave 1 of a cycle wave 3. As we're already approaching the top of intermediate wave 1 we'd advise sitting on the sidelines for now until confirmation of intermediate wave 2 We're fundamentally bullish on natural gas as among other things we believe the clean energy transition won't go as smoothly as planned and natural gas will be the main source of energy supply for years to come and as demand ramps up globally the price will go with it as producers will struggle to keep up. Not to mention the geopolitical risks that are happening right now serving as a potential powder keg for a war of resources.
SKILLING:NATGASLong
by RAA_Trading
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.
NYMEX:NG1!Long
by DubaiTraderLLC
1