Get started

Ng1

NG - September Pullback Arrived 9/12/2020NG at the daily view. September's pullback finally arrived. This shouldn't be a surprise at all. Temperatures lowered to a level where the A/C doesn't need to be on all the time. However, the temperature is not cold enough to turn on the heat. Utility companies are already planning for how much energy would be needed for the fall. I wouldn't go full short with this. Usually, September is a pullback. However, when approaching October, that's when natural gas rallies again. You do not want to be caught short when the heat demands ramps up. Other than that, NG seemed to have form an upward channel since August. The price action seems to be aligning with the lines.
NYMEX:NG1!
by Itsallsotiresome
1
Natural Gas (NATGASUSD): Update & Bearish Continuation as it been said in my earlier analysis for natgas, the market reached a key weekly supply zone. based on that the market violated a rising channel that it followed from the beginning of August. it looks like the sentiment is changing and bears are willing to push even lower. goals: 2.31 2.19 (on the chart is the short trade that I took yesterday during us opening, it is based on the retest of the support of the channel)
OANDA:NATGASUSDShort
by VasilyTrader
14
September Pullback or Hurricane Rally? 8/25/2020NG at the daily view. Natural gas is stuck between two trend lines. They're acting as both support and resistance. Currently, Natty is above all major moving averages which is bullish on its face. That said, this could go in two directions. 1) September usually has a pullback due to cooler weather and less need for A/C. However, the temperatures are just high enough to not need heat or stay indoors. Judging by how many supports are below, I am not expecting a big pullback. The next support could be 2.25, 2.08, or 1.99... And they're all rising. They keyword is "usually." 2) That said, Hurricane Laura is also disrupting the gas and oil extraction and production sites. If Hurricane Laura causes more damage and cut off production, then the supply of oil and gas may decrease further. That would increase the price. A series of gas companies filed for bankruptcies back in June. That also decreases the supply. In either case, Natty will definitely ramp up when we near October due to increased demand. In this cycle, this would be a terrible time to be a bear.
NYMEX:NG1!
by Itsallsotiresome