Natural Gas Daily Cycle Low June 26Unless there is a substantial decline in price daily cycle low was on June 26.
Bullish price action from April and May did not continue into June with substantial fundamental changes the past months.
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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.
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Natural Gas Weekly Cycle UpdateWeekly trend did not change, new lows made.
Cycle low target date in August or September.
With the continued fundamental uncertainty the natural gas down trend has continued.
Price will likely continue to be extremely volatile.
LONG COGExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
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 @ $1.53
Natural Gas Bounce Important Price Levels Natural gas has started bouncing after significant declines. The strength of this bounce will likely determine price action for the summer.
See previous charts for reference.
Trading plan for Natural Gas- Short Strategy – NG1The market goes back down but two resistance could limit the fall
And don ‘t forget to take your profits…
Natural Gas - Good option for long-term investmentPrice of the Natural Gas is on the floor and this situation is bad for most of the companies and when the summer go away we will use more gas and the price will go higher (supply/demand). (Possible correction till 1.40$-1.50$).
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Trading plan for GAZ - Short Strategy – NG1The market goes back down but a major resistance could limit the fall
And don ‘t forget to take your profits…
Trading plan for Natural Gas - Short Strategy - NGSell : 1,673
Target : 1,639
And don't forget to take your profits...
UGAZ Price TargetsNatural gas weekly cycle update with UGAZ prices added.
UGAZ has decayed about 70% since the April 2nd low.
