NATURALGAS in the daily chart, continuation in the direction of the uptrend. In the daily we had uptrend even though price was correcting for 2 weeks in a row. The last reaction on Friday was a strong bullish candle bouncing up from the 50 ema daily with price making higher low compared to the one from 30 Jan 2025, the sentiment oscillator also made a higher low - confirming the strength of the uptrend at daily chart. I'm leaning towards bullish bias for the upcoming weeks purely based on the technical chart from the 1d.
NATURALGAS We had a break of structure in the 4-hour timeframe between 3.95 and 4.01. With technicals and market sentiment indicating a renewed uptrend, dynamic resistance is now observed at 4.13, while a bearish order block lies between 4.22 and 4.30.
If the price continues to make higher highs while the oscillator shows lower highs, it may suggest a potential correction downwards. However, if the price first tests the recently broken resistance zone (3.95-3.99) and holds steady, the likelihood of further upward movement increases.
NATGAS It made retest to the horizontal support level of 3.720 and we can see a strong bullish rebound so we can expect a further bullish move of Natural Gas. Take entries from current level 4.016 and hold till target.Target is 4.450 which will soon be reached. Take entries and wait till there.
NATGAS Just going over the info I've got, looks like Canada's Natgas Exports to the US tanked today to the lowest in years. That's almost certainly why we rallied so strong. They're cutting back their supply because of all the Trump sheit. For someone who wants lower energy prices, he's sure achieving the opposite on most commodities
NATGAS seems like short covering into the weekend, maybe a bit of a short squeeze. Next week we're set for another injection when it's usually a withdrawal. Expecting +25bcf 5 year average -14bcf
As of today, storage is only 4.9% below the 5 year average. Roughly 91bcf. Not sure how much longer we can justify this price level. We've got 2 more months of injections, we'll easily wipe out the deficit and probably hit a surplus before summer at this rate.
NGAS Snow tomorrow on east coast. Enjoy it before it melts 10 mins later. Make sure to fire up those heaters so you don't freeze when it's +15C on Monday. Any excuse to pump it.
NATURALGAS in the daily chart, continuation in the direction of the uptrend. In the daily we had uptrend even though price was correcting for 2 weeks in a row. The last reaction on Friday was a strong bullish candle bouncing up from the 50 ema daily with price making higher low compared to the one from 30 Jan 2025, the sentiment oscillator also made a higher low - confirming the strength of the uptrend at daily chart.
