XNGUSDNATURAL gas price will go up based on the demand and supply strategy,price is setting on demand and will clear weak resistance structure to keep buying
NATURALGASCFD trade ideas
Natural gas longNatural gas
long
Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
INSTRUCTIONS:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
Trading is not easy, there are difficult times too. However, with a lot of courage and strategies, we always end up coping with these bad moments. Don't be afraid to hit stop losses, there is no shame in hitting stop losses. fame doesn't make you a bad trader. Even a good trader does not win all of his trades, but he wins more than 75% of them or at least he remains positive or stable in his wallet.
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NGAS - UniverseMetta - Signal#NGAS - UniverseMetta - Signal
D1 - Potential rebound from the level, after the impulse correction.
H4 - Formation of the 3rd wave with an exit from the descending channel. You can try to consider an entry from the current levels or wait for the formation of the pattern
Stop for the 2nd wave on H4.
Entry: 2.3492 - *2.3683
TP: 2.3953 - 2.5080 - 2.6169 - 2.8299
Stop: 2.3064
natural gas long resultsnatural gas
long
targets 1 2 3 4 5 done
all targets done
417% lev x 100
83% lev x 20
congratulations followers
you have to learn, tireless. You have to make sacrifices to be a good trader: dedicate time, invest money, win some, lose some, invest money to train, you must never be discouraged.You must learn to one day be a winner and financially free.
natural gas long results, crude oil long resultnatural gas
long
targets 1 2 3 Done
target 4 almost done
300% levx 100
60% lev x 20
Congratulations followers
Crude oil
long
target 1 done
86% lev x 100
17% lev x 20
Congratulations followers
you have to learn, tireless. You have to make sacrifices to be a good trader: dedicate time, invest money, win some, lose some, invest money to train, you must never be discouraged.You must learn to one day be a winner and financially free.
natural gas gold long resultsnatural gas
long
targets 1 2 done
151% Lev x 100
30% lev x 20
Congratulations followers
gold long
target 1 done
61 % levx 100
12 % levx 20
congratulations followers
very bad market these days; very weird
natural gas longnatural gas
long
Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
INSTRUCTIONS:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
NATURAL GAS looking like this might be the BUY zoneHi everyone,
Let us see if OANDA:NATGASUSD will rise in price from this zone.
XNGUSD. A possible upside rebound in the short termFundamental analysis
US natural gas prices consolidated in the short term after forecasts for higher demand and a federal report showing smaller-than-usual storage additions. This comes as producers reduced drilling earlier this year.
However, gas stocks are still more than 4.5% above normal levels. Meteorologists expect warmer-than-normal weather through Nov. 1, though demand, including exports, is now forecasted higher than previously thought.
Technical analysis
Price continues in a downtrend in the short term, however, it is approaching the 38.2% Fibonacci level (around 2.71) while the RSI is showing a bullish divergence after being in oversold sold. This could suggest an upside recovery in the near term.
NATURALGAS -- BEARISHNaturalgas may fall further with suport of 2.6650 as per the channel. Negative if it is closed above the bollinger band medium line. (POSITIONAL)
16R Trade - Natural Gas LongHard to say whether NG now continues lower however the market is approaching key support and so if there is a reversal here there is a large move up to catch.
I feel like there is a 40% chance this trade is successful so it is high risk.
The trend down is also steep which is why I’m going lower risk than usual on this one.
I prefer adding to my position once a trend is established on trades like this which I am less confident on.
Natural Gas Price Drops Over 8% Since the Start of the MonthNatural Gas Price Drops Over 8% Since the Start of the Month
On 26 September, when analysing the XNG/USD natural gas price chart, we noted that:
→ Bulls might be "gathering strength" for a potential attempt to break the psychological level of 3.00.
→ If successful, this would pave the way towards the yearly high around 3.20.
Since then, the price of natural gas:
→ Broke above the 3.00 level on 27 September;
→ Reached 3.20 on 4 October, after which it reversed downward.
Bearish sentiment was driven by:
→ News that Hurricane Helen had minimal impact on natural gas processing facilities along the U.S. Gulf Coast;
→ Adequate gas reserves ensuring sufficient supply;
→ Weather forecasts indicating short-term gas demand at the end of September.
Technical analysis of the XNG/USD chart shows the upward channel (marked in blue) has lost relevance. It’s evident that:
→ The bounce from the median line (shown by the first arrow) was weak;
→ The attempt to re-enter the channel from its lower boundary (as shown by the second arrow) led to a test of the 3.00 psychological level, which acted as resistance.
There are no signs yet of bulls trying to regain control on the XNG/USD chart. If the supply and demand balance remains unchanged, the natural gas price may continue its decline within the red downward channel, possibly towards its lower boundary, reinforced by the former resistance at 2.65.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NATGAS - BEARISH MOVEHello Traders !
After a huge bullish move,
The Natural gas formed an ascending channel.
Currently, The support line is broken !
So, I expect a bearish move📉
_______________
TARGET: 2.396🎯
NGAS - SHORTNGAS forming rising wedge at the high of the ROUNDING TOP on higher time frame
A nice fall is imminent as per the levels marked.
Sustaining above the rounding top would negate the view (BLUE line resistance)
NATGAS_4Hhello
Natural gas analysis Analysis based on Elliott waves The market is forming wave 4 of correction. The bottom of wave 4 can be considered the range of 2.700 and by maintaining the high price of this number, it can form an upward wave. The target of wave 5 can be considered as 3.333.
Natural Gas still coiling! breakdown or breakout?Hello Traders
In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
today NATGAS analysis 👆
🟢This Chart includes_ (NATGAS market update)
🟢What is The Next Opportunity on NATGAS Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NATGAS - The American elections are pendingEverything is ready just for the elections to end. Hello, loyal voters. :)
NATURAL GASSupports Broken and May come more down to next support
This chart is only for educational purpose
NGAS (Henry Hub) - NO LOSS Trade OpportunityFrom the highest of 10 mark till the lowest of 1.5.. at the moment Natural Gas is giving the golden opportunity to buy and accumulate for apparently 1-2 months of holding with a good reward of 1:4+.
This is literally a NO LOSS Trade but for those who can wait patiently for a golden reward
Good Luck!
Natural gas may pivot higherNatural gas had corrected during the first part of the week.
Commodity markets still remain stay in play amid geopolitical escalation in the Middle East and declining stockpiles: for example, we observe a consistent decline of Natural Gas in Henry Hub for several weeks in a row.
From a technical standpoint, Natural gas had bounced back from the intermediate-term resistance area of $3 per contract, but the market structure is still bullish, as there haven't been three full bearish candlesticks yet, and today we might observe a pullback as shown at the chart.
Manage risks and trade well!
Wait for it!!! Natural Gas may have more downside.The double bottom playing out in natural gas is a classic bullish reversal pattern. This pattern typically signals a shift from a downtrend to an uptrend, characterized by two distinct lows at approximately the same level, separated by a peak (the "W" shape). Here's an in-depth analysis of the recent move and potential future trends for natural gas:
Recent Move
1. Formation of the Double Bottom:
- First Bottom: Natural gas prices hit a low, rebounded, and then fell again to form the second bottom.
- Second Bottom: The second low was formed at a similar level to the first, confirming the double bottom pattern.
- Neckline Breakout: The price then broke above the peak of the "W" (the neckline), signaling a potential bullish reversal.
2. Pullback to the Neckline:
- After breaking the neckline, prices often pull back to retest this level. This pullback is typically seen as a confirmation of the breakout.
- In this case, the pullback is expected to be around $2.30 to $2.40, aligning with the peak of the "W".
Future Projections (October 8th, 2024 to Year-End)
1. Short-Term Outlook:
- Support Levels: The $2.30 to $2.40 range will act as a critical support zone. If prices hold above this level, it reinforces the bullish sentiment.
- Volume Analysis: Increased trading volume during the breakout and subsequent pullback would further validate the pattern.
2. Medium to Long-Term Outlook:
- Bullish Continuation: If the support at the neckline holds, natural gas prices could see a continuation of the uptrend. Key resistance levels to watch would be around $2.60 and $2.80. Natural gas could easily rally into the 3’s if these resistance levels are broken.
- Market Sentiment: Factors such as seasonal demand, geopolitical events, and supply constraints will play a significant role. Historically, natural gas prices tend to rise during the colder months due to increased heating demand.
3. Potential Risks:
- False Breakouts: There's always a risk of false breakouts where prices fail to sustain above the neckline and fall back into the previous range.
- External Factors: Unexpected changes in weather patterns, regulatory shifts, or significant changes in production levels could impact prices.
Conclusion
The double bottom pattern in natural gas suggests a bullish outlook, especially if the prices hold above the $2.30 to $2.40 support zone. Monitoring volume and external market factors will be crucial in confirming this trend. If the bullish momentum continues, we could see natural gas prices testing higher resistance levels and rallying into the $3 to 4 range towards the end of the year.
Natural gas is on the moveEnergy markets are on the move: volume in the largest oil ETF of the United States (USO) rose to a new peak in 2022. CME Group took a similar action for WTI Crude oil futures. The situation was fueled by geopolitical escalation in the Middle East.
Natural gas has developed a strong momentum, getting back to $3, and if it holds this level, it will complete the “cup-and-handle” pattern, which points to the continuation to the upside, up to $4 area and above.
The current price is also above the 20, 50, and 200 moving averages, indicating a “price discovery” regime. If XNGUSD doesn’t correct itself, it may develop another sharp spike upward.
