$UNG: Next leg up in Nat Gas pricesI think we may see a rapid advance in Nat Gas here, the technical setup in $UNG paves the way for a 18.4:1 reward to risk potential trade. I'm long equity here, but you could trade this with options, or an equivalent fund in the EU or UK (if you're EU based). Futures or options on futures are also an option, but more complicated to execute with maximum efficiency. I suggest you explore this if you're more experienced, and able to determine which strategy to use to maximize RR and performance vs capital allocated to this idea.
Best of luck,
Ivan Labrie.
NGAS
💶 EUR; Lowest Rate in 19 Years ( Risk of Energy Crisis )🆖As the risks of an energy crisis increase, the euro is nearing its lowest level in 19 years
Today, the price of natural gas has increased by 9%, and the price of electricity for one year in Germany is 14 times higher than the level of one year ago. The numbers are crippling for heavy industries, with Germany's DAX down 2.3 percent today, the steepest drop in the global index.
The euro has strengthened over the past six weeks as the US dollar weakened against a less accommodative Federal Reserve, but that rally appears to have come to an end. Meanwhile, Europe's economic outlook is rapidly deteriorating. The EUR/USD low was at0.9952 in July and is now about 20 pips away. If this rate breaks, the euro will hit its lowest level since late 2002.What is surprising is that the people of Europe have not yet realized how bad the economic situation will be. There is a lag in energy price increases that has not yet been felt and depends on different countries and contract structures, but there is a lot of difficulty ahead.
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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Natural gas drop?Natural gas trading volume is huge and it has been a very volatile market, price has printed a new HH but now it looks like the uptrend is exhausted after forming this H&S pattern.
After Nord stream's maintenance success, we expect $NG to retest $8 level.
NATURAL GAS - 240 MINS CHARTThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Natural Gas CrisisGazprom will stop all gas flows to Europe via the Nord Stream pipeline from August 31 until September 2, Russia's gas giant Gazprom announced on Friday.
NGAS:H2Important levels are drawn on the chart
.The price is at a resistance level
.We are looking for a SELL position
.As each trend breaks, the target will be the next trend
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EUR/USD analysis: Euro to fall below parity on EU gas crisis?Europe's wholesale natural gas price (Dutch Title Transfer Facility TTF ) rose to levels not seen since the aftermath of Russia's invasion of Ukraine, bolstered by a mixture of continuing supply disruptions from Russia and soaring demand for power generation in the midst of persistent heatwaves across Europe.
Gazprom ( GAZP ) announced that European gas prices could increase by 60% this winter, as the company's exports and production continue to fall as a result of Western sanctions.
From a macro standpoint, the European gas crisis is wreaking havoc on the economy of the Eurozone and this effect has already been quite visible on the EUR/USD trend in 2022. European and American natural gas price differentials have been widening to their all-time highs, and the EUR/USD currency pair is just 1.7% far from hitting parity again.
EUR/USD fundamental analysis: EU/US gas price spread plays a key role
According to the most recent NYMEX/CME Group data, US Henry Hub spot prices are currently trading at a $57/MMbtu discount ( THD ) relative to Europe's Dutch TTF benchmark as of mid-August 2022.
The link between EUR/USD and Henry Hub-TTF spread has increased significantly over the course of the summer, with the rolling 90-day correlation coefficient rising to 0.82. This is basically telling us that the lower US natural gas prices trade compared to the European Dutch TFF prices, the stronger the downward pressure on the EUR/USD pair.
Along with the economic growth and interest rate disparities between the two regions, the more severe natural gas crisis that Europe is experiencing compared to the United States is now a key macro factor affecting the EUR/USD exchange rate.
EUR/USD forecasts: The pair could fall below parity if EU/US gas spread widens further
If the European gas crisis worsens in the coming months, the price differential between EU Dutch TTF and US Henry Hub natural gas could widen further, which would likely cause the EUR/USD pair to break decisively below the parity threshold.
A de-escalation in the Russia-Ukraine conflict, coupled with a decline in the price of Dutch TTF gas, will be a key factor in preventing a further depreciation of the single currency. However, this second scenario appears much less likely.
Idea written by Piero Cingari, forex and commodity analyst at Capital.com
XNGUSD/ NGAS Long UpdateGood day traders,
Following all our NGAS signals hitting massive Take profit points, we have one current trade running on the monthly timeframe. After a successfull retest an ABCD bearish harmonic trend hike is currently beign formed, we are almost at the end of that trend hike. We now expect the XNGUSD/ #NGAS/ Natural Gas to reach 11.3 before retracing to meet our final take profit point 14.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
$NGAS: Natural gas can go 90% higher from hereIt's clear Nat Gas can gain traction fast here, I'm long since yesterday, via $UNG shares. Looking to add an options position here, since weekly charts are now bullish, I pre-emptively took a trade based on a daily signal, speculating on the weekly and eventually monthly kicking off. I commented about it in the Key Hidden Levels chatroom here and offered it to my clients as a signal as well.
With last night's shelling of a nuclear plant, escalation seemed likely, and the next step could be to enact sanctions on natural gas exports, which could deal a blow to supply and create a dramatic move to the upside as a side effect. Fundamentals aside, reward to risk and probability are on our side, so it's a good idea to get some decent exposure here.
Cheers,
Ivan Labrie.
US natural gas: Bearish clouds ahead?Henry Hub ( US natural gas ) prices have fallen 25% from their peak of $9.64 per million British thermal units (MMBtu) hit in June, as the fire at Freeport LNG’s natural gas liquefaction plant reduced U.S. export capacity by an estimated 2.0 billion cubic feet per day (Bcf/d) or approximately 15% of annual volumes.
The major driver behind the spectacular rise in US natural gas prices had been a rise in price-premium gas shipments to Europe, which was suffering from a drop in Russian supply.
As a complete cutoff of Russian gas supply to Europe looms, this should theoretically put upward pressure on US natural gas prices. In practise, however, the US Freeport LNG’s facility is not scheduled to resume at full capacity until 2023, thus pricing pressures owing to greater exports to Europe can no longer occur as they did previously. And the market has already factored this in. On top of this, there is also the risk of recession in the US looming on gas prices.
US Natural Gas Technical analysis
From a technical perspective, US natural gas prices may have entered a trend reversal phase following the RSI bearish divergence in June, when oscillator values fell from overbought levels as prices reached new highs.
This suggested that the bulls’ strength had progressively diminished, allowing the bears to take over.
In the last three trading sessions, the 50-day moving average level of $7.5 has acted as a strong resistance for US gas prices. This might pave the way for a price pullback towards the $6.5 support level.
A bullish breakout over $7.5 would invalidate the thesis and trigger a test of the psychological $8 mark.
Natural Gas: Due for New 13-Year High During WinterBased on my all-time Natural Gas wavemap (which is not shared in this video) and also based on more recent price action, I believe that Natural Gas is due for a 13-year high just in time for the upcoming winter season. Will price sustain this anticipated regional high between $10.87 and $13.00 or will it plummet in the season(s) to follow?
Check out my TradingView profile or shoot me a PM to discuss Natural Gas in further long term perspective.
If you find this post potentially helpful, feel free to like, share and/or comment as well.
Until next time, surf carefully and don't drown.
BUY Ngas!Natural Gas is a very important energy nowadays especiall in EU zone, Germany fears coming winter as Ngas supply is so tight because of Russia-Ukraine & Russia-Nato conflict.
Most of Europe countries can't survive winter without Ngas which makes it very demanded, NG price is expected to skyrocket starting from now as you can see in the chart, we just flipped bullish after a trend reversal, now price is in a correction phase which is the wave we want to get our entry from.
Buy Natural GasNG is oversold and now setting at a good support zone! price action looks exhausting with weak selling pressure, now preparing for a bounce back up!
Always bullish on energies in this global economic crisis.
Natural Gas At Risk Of Decline At Sellers LevelNatural Gas rally now facing selling pressure from bears in the market. A rejection at current level can possibly drag price to its mean below 6.610
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades