NGAS Remember, 4 dollars is a concrete floor, reinforced with rebar, supported by a grid of tungsten beams, underneath which lies a SOLID platform of diamond.Natural Gas CFD forum
NGAS Remember, 4 dollars is a concrete floor, reinforced with rebar, supported by a grid of tungsten beams, underneath which lies a SOLID platform of diamond.
NATURALGAS Well it looks like China isnt interested in Donnys LNG
NATURALGAS has anyones broker gone crazyy with the pricing mine is showing 25x the normal price it should be
NATGAS Pretty crazy the markets are effetively crashing due to demand destruction and higher potential for recession and NG is not moved.I suspect there has fo be a waterfall moment coming up soon.
Next weeks report is also super bearish, it's set to wipe a large amount of storage.
As of today, from the data I have, storage is only -2.5% from the 5 year average. Roughly -45bcf.
We've affectively wiped the deficit, we'll be back in a decent surplus by the end of May.
Fair value right now should be $3.2 in my opinion.
If you're looking far out, summer is set to be cooler this year for the US, Winter is set to be warmer as we move from La Nina into El Nino.
Something else to watch, Hurricane season starts soon (June Onwards). They're expecting a very active Hurricane Season this year with 18 Named storms expected.
Many expect a repeat of last year.
I'm personally short and continuing to add.
This price makes no sense to me with Power Suppliers switch to Coal, Renewables and Oil right now.
NATGAS what a time to live, right Pandemics, tariffs, wars, inflation, Ai
Crazy times
NATGAS US Oil crashed but no affect on Natural Gas??!NATURALGAS nattygas falls on mild weather forecast just waiting for it everytime after a rise
NATGAS Actually this is quite something. Next week looks promising.NATURALGAS Todays whole price action has proved beyond doubt that this market is fully controlled and does not trade according to factual data.
NATURALGAS I'm monitoring the area around 4.24-4.30 for possible short correction. This area so far has acted as a resistance in the 4h chart and price got rejected multiple times from here. We had a swing high today but price made a lower high at 4h compared to the previous swing high of 31 March. So far we have uptrend based on the technical indicators across all timeframes but the market structure for 4h is mixed with price making lower highs so far.
For a short I need to see a clear rejection from 4.24-4.30 with bearish divergence or a breakdown of the most recent swing low at 4.15 with volume spike.
For a long continuation I need to see a breakout above 4.30 and then a test and hold of that area.
Good luck everyone!
