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Natural Gas

Natural Gas Daily Cycle Bullish ScenarioThis bullish scenario is only for reference, I do not consider it the most likely outcome. For the bulls to turn this into a recovery likely need to see only brief consolidation before continuation. As much as this is a case for the bulls it is a cautionary message for the bears. Trade with a open mind and remain protected at all time if the bulls got momentum it may happen quickly once shorts start covering and fomo from those left behind sets in.
NYMEX:NG1!
by Natural_Gas_Trader
Natural Gas: Excellent Buy Opportunity for Long-term Investors.Natural Gas is trading within a Channel Down (on the log scale) on the 1W chart (RSI = 45.584, MACD = -0.111, ADX = 31.401) since 2009. This pattern provides very accurate Cycles, bullish when a Lower Low is made (green arrows) and bearish when a Lower High is made (red arrows). At the moment the price has just made contact with the Lower Low trend-line, making Natural Gas an automatic long-term buy opportunity for the next 2-3 years. Keep a few reserves for the lower slope dotted Lower Low trend-line for one last buy if needed. Depending on your risk tolerance book the profit just above the 1W MA200 (orange trend-line) and re-buy on the test of the 1W MA50 as support. This pattern took place on the previous two Cycles. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
OANDA:NATGASUSDLong
by InvestingScope
2
Natural Gas - Summer 2020As of now, expecting lots of chop within a range between $1.50 and $1.83 all Summer. Supply is abundant and demand is slow however, bankruptcies from 25-year low prices will soon take chunks out of production and demand may have bottomed already. Hot weather forecasts in high demand states (the South and Northeast) should also pop prices. Risk to the downside is if New York starts locking down again, signalling more demand loss on the way. Trade strategy: Buy near the bottom of the range and sell near the top and/or on bounces from the 200 (4hr) EMA If there is a daily close below $1.50 or some kind of big push below that level I'll close all positions. Active trades ($QG Natural Gas E-Micro Futures): +1 @ $1.53
NYMEX_MINI:QG1!Long
by ryan-snk