Natural Gas Mini FuturesNN

Natural Gas Mini Futures

Natural Gas Mini Futures forum


NG1! outlook , looks like a contract switch tuesday with volume demand, so on the close of day tuesday an adj up .35 cents, but looks like its a re jig of the scales, if you are using balance adj on your chart, other nat gas equity charts price not affected so i think this is isolated to this chart only.

bias; bearish short term nat gas, but, longer term bullish on gas, most likely last 1/2-3/4 of the year we will see this play out, in summary; a pull back to a support then up, where that support is I’m waiting to see, i have an idea but this is natgas,

longer term and fundamentals, as we need more elec power, gas will fill this demand and help to lower carbon emissions from coal for other countries as we get gas out to new customers.

from a tec point view, theres a bull bear battle on the 200ema and the 50ema and the VWAP, still seeing more sellers at this time, but VWAP is holding around 3.61 bal adjust scale.

weather outlook is stable UK and USA but warmer weathers on the way and we are not yet fully into AC demands yet but thats coming which is bull for gas,

thursday we have the gas tank dip stick to see how much is in the tank (gas reserves). always volatile on thursday
lets see how it plays out
good hunting,

NG1! looks like short coverings this morn driving the price up, and the idea that every ones going to turn on the AC tomorrow and make storage go down and price up , in other words, Rope a dope, lets see how it plays, looking to see what the day close looks like, good hunting

NGM2025 Positive FVG's from earlier, were tested & held, which have built the early rally. We are now reaching the potential top, before a downward movement.
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NGM2025 A wave of profit taking it seems by some shorts, but we should resume a push down. Positive FVG, to be attacked by shorts around $3.14 area.
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NG1! gas update targets on chart, looks like head and shoulders right shoulder forming , if we follow that thinking from a tec point of view for H&S a target of around 2.67. the 2.54 level looks like a possible too , weather temps in the USA and UK are steady and we are in a 2 month period of time where heating and cooling are low. other things to consider is exports to the UK from the USA are effecting price to the upside. lets see how it plays, good hunting all
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NATURALGAS1! I told you in my previous post ........ and see where is going Naturalgas