Natural Gas (XNGUSD) forum
NATGAS Production has rebounded a lot to 103bcf.Up from 100bcf just 2 days ago.
Exports have moved higher to 14.4bcf.
NATURALGAS whatsup guys, good day all.Awaiting for the news today, let's see, hoping to hit news highs from here.
NATURALGAS 3.33 target, what say guys ?!
NATURALGAS currently in consolidation but still maintaining the momentum from the previous swing high. I am expecting either some liquidity grab upwards and then correction from previous swing high OR outright breakdown of the current consolidation, there's also a possibility of small sellside liquidity grab and then further uptrend so each scenario should be analysed separately with it's own conditions. There is also the weekly production report today so price can be highly volatile in anticipation - extra careful today!!!There is incentive for the price to break up consolidation and grab liquidity at 3.15-3.19. On the other hand, recently a liquidity level was built at 3.08 after market hours (likely to get wiped out sellside). Further sellside liquidity which can act as incentive for price to go down lies at 3.01 and 2.97-2.93.
I will wait for consolidation to break (break above or below the 50 ema BB at 15m). Then I will monitor price action to see if we have 1) a buyiside liquidity grab above and then correction or 2) sellside liquidity grab and bounce from the 200 ema (near the neutral zone market in blue) or 3) outright breakdown of the current consolidation with price wiping out sellside liquidity below the 200 ema (down to green zone).
So for a long entry, I will see if price action bounces off the 200 ema at 15m with volume and momentum. If price dips further down at liquidity pocket near 2.95 then that would be a big move for today, unlikely for price to get up within the same session and I would wait for long entry with confirmation until tomorrow.
For a short entry, I will wait to see if price grabs buyside liquidity at 3.14 and then rejects with volume and momentum divergence OR in case we have a breakdown of current consolidation channel with high volume and momentum. Because I see that ultimate RSI is already very low I have low confidence in taking a short at breakdown but markets can go from oversold to oversold if there's enough volume so it's still a probable scenario just I'm not highly confident in it.
As always, make your own analysis and keep in mind both technicals and fundamentals. Also manage your risk and set reasonable stop losses - do not take unnecessary risk or high cost risks.
Good fortune everyone!
NATURALGAS I think this is a long, check out the massive inverted head and shoulders on the weekly.. this could run today. I've gone long here, could be wrong...
NATGAS A pullback is due, we're up almost 20% in 5 days.It'll be a buying opportunity.
NATURALGAS It's stretched far enough to re-enter the short. I'm gonna regret this. 😁
XNGUSD Everytime it sound bearish from the news price goes up. Same with crude oil. seems like to squezze the shorts all the time manipulated. shake the tree and repeat.NATURALGAS time to trail profits for longs guys, it's starting diverging now, keep your gains don't give them back to these manipulating scumbags, stay green and tomorrow you can open a new trade guys.
NATURALGAS 10%rally?oh my god insane move going onNATGAS Funny how wrong all these news agencies are. It's like you should do the opposite to what they say 😂Best choice i made was contacting S&P for the daily natgas numbers. Can see through all the lies and manipulation.