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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
Ng could be looking lowerI'm curious to see how this Ukraine Fud plays out. I'm curious if we find a consolidation zone in here or retest a previous resistance above and ping pong around a bit Europe in an "energy crisis", China has been trying for ever to buy our LNG but we can not get it there, Btw they pay $5-7 mmbtu for Lng, that's what they have been doing with Australia for ever and they are geographically closer, but again so is Russia and they have the biggest Natural gas fields in the world with no Green policies of liberals. China couldn't get the product they wanted and has been leaning on coal, so naturally NG came down to accommodate. -Now here is the thing, we got huge congestion of tanker ships all over north America with the exception of Florida. -Ng exports expected to ramp up in Usa to an record high. So supply to flood the market. I guess we are not so green after all hey!!!! Dems But could we even get the NG to market with the back log of ships? -Biden trying to empty the strategic reserve because they are short on product -My guess is Dems in the Usa will be face with the fact they can not eliminate fossil fuels because its the cheapest form energy and low income people can not afford 120k for a vehicle special in developing nations, start revisiting trump policies. -Fed unwinding balance sheet, market goes down, and everything else with it including Commodities -floods into cash buying power returns but we have a bottle neck? *Nothing flowing through Nord stream 2 right now supposedly, that's a wild card.
NYMEX:NG1!
by wrgly
1
NATGAS a head & shoulder at the top 🦐NATURAL GAS after the bull run is losing momentum. The price on the daily chart is creating a heads and shoulder and according to Plancton's strategy if the price will break below the neckline and satisfy the A ACADEMY rules we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
OANDA:NATGASUSDShort
by InkyGrip
34
Natural Gas LONG News: The US benchmark for the price of natural gas was in recovery mode on December 3 after falling significantly over the last four trading sessions. The January gas delivery contract at the US Henry Hub was up 3.6% as of 12:25 GMT to trade at $4.20/mn Btu. The benchmark, however, lost 25.5% over the previous four trading sessions. The latest natural gas weekly report from the US Energy Information Administration shows working natural gas stocks are 10% lower then year-ago levels and 2% lower than the five-year average through 2020 for this week. Moderate weather for the continental United States, however, has kept Henry Hub below recent highs of around $6/mn Btu. The National Oceanic and Atmospheric Administration in its latest monthly forecast calls for above-normal temperatures across most of the Lower 48 states. In the more immediate forecast, the National Weather Service said to expect record-breaking high temperatures for this time of year for parts of the country, though the Northern Plains and Upper Midwest could see heavy snow during the weekend.
NYMEX:NG1!Long
by DubaiTraderLLC
2
NATURAL GAS - BEARS followed by BULLSI believe the price is going to fall rapidly this week (Monday 22nd - Friday 26th) and start growing up again on Monday 29th. First of all technically 0,786 resistance survived the friday attack which only confirms the price downtrend. Fundamentals are on the bear side too because temperature in Europe and USA is going to be high this week. Lesser demand and high production of natural gas can send the price right through 4.73 support down to the next support at 3.66. If you want to play safe I recommend exiting the short position at 4.73 support and see how it plays out. Anyways the price fall should create a great opportunity for entering a big long position at 3.66. Its target will greatly depend on weather but I suspect it might rally again to the October 21st maximum of 6.45. Good luck and don't forget to set stop losses to keep your money safe. By the way good idea to decide how much to invest is to decide entry point and stop loss point then decide how much money you are willing to risk and count the position margin according to the stop loss (amount of money you're willing to risk). Oh and this is my first published idea on tradingview so please leave a piece of advice in the comments if you feel like it.
NYMEX:NG1!Short
by Stribogius
Thursday: Natural Gas - Week 47Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the support! ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
FX:NGASLong
by INotFancy
1