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Natural Gas (XNGUSD)

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NATURALGAS trade ideas

Energy markets top of mind – got gas?Energy markets are front of mind – we see crude into new cycle highs and riding the 5-day EMA – clients are progressively increasing short exposures, although we’re not at historically high skews. Nat Gas (NG) – the wild west of energy markets – has broken the $1.91 to $2.82 range it has held all year, and the Bollinger Band volatility squeeze is firmly on. EU TTF NG prices were a clear driver, with price closing up 28%, and along with US CPI, will be front and centre in the session ahead. Gasoline has moved to range highs of $3.00 and could get more attention from clients, if and when it closes above the highs. The fundamentals behind the NG move have been firmly debated and whether the potential worker's strike at the Chevron and Woodside LNG facilities has genuine longevity – the three facilities in question account for c.10% of global LNG supply, so it is significant. The risk to NG longs resides in a quick de-escalation of talks and we ultimately see no impact on supply. Married with signs of a mild winter in Asia and LNG not far off capacity limits, we could see a sharp decline in price on a resolution. Conversely, if we do see a full escalation and the market feels it could play out over a period of weeks, longs will be sitting pretty. The trend-following crowd would be triggered on NG, with price closing above the Bollinger band and Donchian Channel (40-day look back). This still needs work, but the fact we’ve seen a breakout has raised the prospect of a test of the 200-day MA and full trending conditions. Looking at the intraday tape in the US500 we see that as crude prices pushed above the April highs, we saw little selling of equity. We also saw the market's pricing of expected inflation (through ‘breakeven’ rates) also falling. This goes part of the way to answer two important questions – the level where higher energy prices accelerate the view that headline inflation may reverse higher again. And, whether higher oil prices become an outright negative for equities. It appears that while we are closer to that tipping point, it feels like it may take a break of the psychological $100p/b to change the risk dynamic. For now, longs in Nat Gas seem the right position, knowing the clear near-term risk/catalyst is headlines on strike action in W.A.
PEPPERSTONE:NATGASLong
by Pepperstone
1
NATURAL GAS BULLISH OUTLOOKNatural gas futures surged to over $3 per mmBtu, a seven-month high, driven by increased demand for indoor heating and cooling. Speculation and reports of pipeline issues causing production slowdowns contributed to the price rise. The September gas contract on the NYMEX Henry Hub reached $2.95 per mmBtu, up 6.2% for the day, briefly hitting $3.018. Prior to this, gas prices had lingered around the mid-$2 range due to higher production and milder weather. Gelber & Associates, an energy advisory in Houston, warned of maintenance problems in NEXUS and REX pipelines, potentially impacting their daily gas delivery capacities. The NEXUS pipeline moves 1.5 bcf of gas daily from Ohio to Michigan, while the 1,679-mile REX pipeline runs from the Colorado Rockies to Ohio. Analysts anticipate reduced Northeastern gas flows affecting production. MACD and RSI are confirming the bullish anticipation, with probable levels of resistance at 3.227, while as a pivot point might be considered 2.757 and from there the price might face support at 2.648 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
PEPPERSTONE:NATGASLong
by legacyFXofficial
NATURALGAS - First Correction Of Bull MarketPrinting shallow here and this is likely a 0.382 correction to begin the bull market. Trundling down the Supply Line it could print a shakeout and have a stab down but we don't really mind, this is DEEP DEEP here and one day we'll look back and think about when NATURALGAS was sub $3. Think about it - energy is going up up up. This could be a multi year or multi decade bottom 🚀. Hopefully my clients enjoyed this one and now here it is for you guys at TradingView to enjoy! Not advice.
CAPITALCOM:NATURALGASLong
by dRends35
1
Natural gas breaks resistance, ending retracement phaseNatural gas has finally broken through resistance today, with US gas pushing through the $2.762 resistance level to bring about a fresh one-month high. Elevated stockpiles in Europe have subdued calls for another winter spike in Europe despite the need to once again source product from around the world in the absence of Russian imports. Nonetheless, todays breakout does signal a potential upside push from here, with the recent decline bringing price into the 61.8% Fibonacci support level. That retracement now appears to be over, with further upside looking likely as a result. Towards the upside, a target around $3 makes sense as this also represents the March peak. A decline through the recent low of $2.48 would be required to negate that bullish outlook.
CAPITALCOM:NATURALGASLong
by ScopeMarkets
Natural Gas May Test 2.3 During This MonthNatural Gas May Test 2.3 During This Month After a big corrective pattern where the price spend many days finally we can see NG moving down again. NG had a long time that it was not holding very well the bullish volume and a bearish movement was again on the cards. The price broke below 2.55 today and it is increasing the chances that it can move down further and if all goes fine it may test 2.3 price zone this month. Thank you and Good Luck!
CAPITALCOM:NATURALGASShort
by KlejdiCuni
6