Natural Gas (XNGUSD) forum
NATURALGAS $4.2 station reached next target $5,call me crazy,but my plan works.
NATURALGAS nice gap up, people might think price is hot and overextended but I am not in a rush to short yet, wait and see what will be the extent of correction and if a) price finds support for a long entry continuation after correction or b) breaks down after consolidation in the upcoming pre-market session for a short later during the day. Price made a higher high after a higher low, these are bullish signals so far.
NATGASUSD time for a good guess again, gap up comment up, gap down comment down.
NATURALGAS No sign of short, probably gap up when market open...
NATURALGAS expecting a gap down
and if in case we get gap up, it would hardly be for 2-3% to take of sl. so better be short but with limited quantity or no leverage positions
NATGASUSD trading platform Plus500 shows 66% of traders is short orientated. at the start of the week it was opposite 33% short positioned. it also states that it was the most traded instrument in past 24hours. so there will be pain if there is a gap up.
NATGAS Well, I'd be surprised if we didn't have a good gap up tomorrow.Production over the weekend was 101bcf, still incredibly low.
Exports made a new all time high of 15.7bcf.
This week's report is still forecast to be -250bcf.
5 year average is -130bcf.
It'll be the 3rd largest withdrawal in 30 years for the same week.
The 4 weeks following are very bullish too.
I've been building short positions for injection season, but this might have a good amount further to run. I have stoplosses protecting my positions. Also hedging.
For Pepperstone, I'd be targeting $4.5
For XNG, I'd be targeting $4
If production remains at 101bcf, we could see $5 to $6.
Supply is just too tight in the US and Europe.
If Donald Trump has his way, Europe will be forced off Russian gas and only onto US gas, which will tighten supply for all of 2025.
Looking forward, I think the Summer demand and Winter demand for Natgas will almost certainly make price test $5 at minimum. During 2025 winter, we could also test $6.
That's assuming the Russia war continues.
Keeping an eye out on Production, that could change everything if it picks up again to new highs.
Production is key.
NATGAS weather models have turned colder for 19-24th over the weekend. On the other hand the production has recovered a bit, but I think we’re gonna see 5% gap up on Monday. What do you think?
NATGASUSD Natgas trades from Friday
NATGASUSD video is publicly available, check my bio for link. shows my Friday trade, and theories behind. I have no intention to say this is for everyone and to claim that I m good. it is just to share my own interpretation.