''NG1!'' Time to sellafter having a bullish trend we will see a bearish trend after the breakout of the range
Ng1
Short Opportunity in NG1!Little updates on Natural Gas...
Forming Rising Wedge - Bearish Pattern
RSI Divergence - Bearish
PPO Divergence - Bearish
Waiting for the break of the Trendline!
UNG Short SetupUNG is forming Rising Wedge
Long term we can see its forming a perfect Bearish Head and Shoulder pattern
Short term target is at $23
Mid Term target is $21
Long Term target is at $12
Elliott Wave Analysis: Natural Gas Confirms Temporary TopHello traders and investors, today we will talk about Natural Gas in which we can see sharp and impulsive decline from the highs, which in Elliott wave theory suggests and confirms temporary top in place.
From Elliott Wave perspective we can clearly see a completed five-wave bullish cycle within 5th wave at projected 9.0 level. In Elliott waves, after every five waves, we can expect a three-wave A-B-C reversal, so with current five-wave drop from the highs, seems like Natgas is now slowing down within a higher degree (A)-(B)-(C) correction.
Well, wave (A) seems to be completed now, so we may now see a three-wave A-B-C corrective rally in wave (B) that can retest 7-8 resistance area and form a nice Head&Shoulders pattern before we will see another sell-off for wave (C).
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Natural Gas - NG1! - Short SetupI think oil and natural gas are pretty stretched technically and even though there is a real shortage in certain goods out there, the market will eventually take down the commodity with it. It's tough that they will crash markets massively, so there's a flight to dollars to defeat the ruble going on with a fight on inflation , real or imagined. I don't think it will be long lived, but I do think we get natural gas to pull back temporarily. There's a couple different paths to the head and shoulders pattern playing out. It's been impressive how gas and oil have held up so let's see what Friday brings. I think it will be a bit wild, don't you?
XLE XES Bearish Pattern in Play (Bearish)Clearly there is a Bearish Divergence on XLE and XES on RSI and PPO
On Weekly time frame as well, there is negative divergence
Risk to Reward clearly favors Short Opportunity
NG1! Head and Shoulder Bearish PatternA little updates on Natural Gas for those who are following NG1! and UNG closely
Now we are seeing tons of Bearish pressure on Nat Gas on Weekly, Daily and Hourly TF.
Chart shows a possible Bearish Head and Shoulder pattern for NG1!
Also we are seeing tons of Bearish Divergence on RSI and PPO
Gas price will skyrocket !!!! Not too late to get in now !Looking at the monthly chart, one can see quite clearly a few things :
1. Bearish trend ended when it breaks out on July 2021
2. It has a long consolidation phase from May 2010 to Jun 2021 - a total of 11 years. Would you be holding for so long ? haha
I am bullish on this commodity and will be adding some soon.
Please note that commodity trading is volatile so trade with money that you can spare and also make a small % of your total portfolio. The recent Luna crypto plunge has taught many traders the hard lesson with its 99% plunge !!!! When money comes too easy , with 19% interest payable yearly, one wonder if it is a form of Ponzi Scheme or not .
Please DYODD and be safe!
Natural Gas - Short PlayI think oil and natural gas are pretty stretched technically and even though there is a real shortage in certain goods out there, the market will eventually take down the commodity with it. It's tough that they will crash markets massively, so there's a flight to dollars to defeat the ruble going on with a fight on inflation, real or imagined. I don't think it will be long lived, but I do think we get natural gas to pull back temporarily. There's a couple different paths to the head and shoulders pattern playing out. It's been impressive how gas and oil have held up so let's see what Friday brings. I think it will be a bit wild, don't you?
NG1! UNG Short Setup - Rising WedgeI think we should see Natural Gas Tank from here
In US NatGas supply has been declining exponentially
Also technically NatGas is forming rising wedge which is the Bearish Setup
Short Setup on NG1!, UNG, BOILExcellent short setup on Natural Gas!
Waiting for the 7.5 Level to Short!
Also SUMMER is here in USA and across the Globe...
Short Setup for Natural GasNatural Gas Short Setup in hourly time frame
Fundamentally also in aligns with the technical analysis
Its about time and Summer is very close.
Natural Gas (NATGASUSD): Can We Go Higher? 💨
As I predicted, Natural Gas perfectly bounced from a key level.
Now we see an inverted head and shoulders formation with a confirmed neckline breakout on 4H.
I believe that the price can reach 8.0 level soon.
Be ready
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NatGas: GeyserLike a geyser, NatGas is spouting upwards from the white zone between $6.255 and $6.684. We expect it to have enough drive to reach the resistance at $8.065 soon. There, it should gain some more momentum to make it into the orange zone between $8.559 and $9.241, where wave (5) in white as well as wave iii in orange should end. However, there is a 42% chance that NatGas could rebound off the line at $8.065 and subsequently drop below $6.466. In that case, it should fall into the green zone between $5.687 and $4.939 first before rising back above $6.466 and further toward $8.065.
Natural Gas (NATGASUSD): Time to Grow AGAIN?! 💨
This morning with my students we discussed a great buying opportunity on Natural Gas.
The market dropped to key daily structure support.
On that, the price formed a tiny double bottom formation on 1H time frame.
Taking into consideration that the market is trading in a sharp bullish trend,
it can be a very nice confirmation to buy the market.
Goals:
6.825
7.0
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NATURAL GAS Multi-year Cycles.Natural Gas (NG1!) has been one of the most profitable trading assets of the year offering great returns. On a long-term scale though (1W time-frame on this chart) it has starting to form a peak pattern, which we have seen previously in the past 20 years.
I've plotted the Sine Waves on the chart to more efficiently illustrate NG's long-term cycles. Currently it is within a Bull Cycle having formed a Golden Cross (MA50 crossing above the MA200) last June. However after every 1W Golden Cross since 2000, the market made a Top shortly after. This was disrupted this year due to the Ukraine-Russia war and as a result the price negated the peak of October 2021 and broke outside the Sine Wave.
This is not the first time we see that. On the upside this took place in December 2003 - January 2004 and on the downside in June 2015. If 2004 - 2005 is repeated, we should see the price pull-back immediately towards the 1W MA50 (blue trend-line) and within this year towards the 1W MA200 (orange trend-line), and then rebound on Higher Highs/ Higher Lows towards the next Sine Wave to form a Top. On the other hand, this is negated if we get 2 straight weekly (1W) candle closings below the 1W MA200 or if the December 2021 low of 3.535 breaks first.
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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.
NATURAL GAS 📉📉📉Expecting bullish price action on this pair but simply on a fundamental reason, price tapped on 7.0$ institional figure taking out some retail stops below this price area and for now we are going for the ATH - ALL TIME HIGH.
What do you think ? Comment below..
Natural Gas: Short it hereShort NG here looking for $6.35 initially. Trendline has broken down and NG is massively overbought.
8$ 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!!!!
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.
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Nat Gas is completing massive chart baseThe advance in Natural Gas is completing a massive base area.
