NG trade ideas
GAS dump finesseTrying to fine tune the system that tries to predict anticipate or manifest. Coincidences. Candlestick patterns, spikes or follow up paths around the shapes. This is just an experiment.
XNGUSD BUY Long Trade Active, Time to Buy NAT-GASMy Trade Setup
Buy on current price (2.6000)
Take Profit Targets
Target 1: 3.5
Target 2: 5.0
Target 3: 6.0
Greetings, fellow traders!
I would like to share a long trade setup on NAT-Gas that has the potential for high profitability, an opportunity not to be overlooked. NAT-GAS prices have been steadily declining over the past nine months, indicating a strong bearish trend. However, it appears that this downward trend is coming to an end, and we can expect prices to rise in the months of July, August, and September. Both technical analysis and fundamental factors support a long buy setup for NAT-Gas.
Technical Analysis:
From a technical perspective, XNGUSD has found support in the 2.1000 area, leading to a rebound that is reinforcing the bullish momentum in prices. Indicators in the monthly timeframe have become highly oversold, further supporting a bullish price action. Additionally, NAT-Gas prices are currently trading above the 50-day Exponential Moving Average (EMA), suggesting a change in trend from downward to upward. The first major hurdle to overcome is the resistance area of 3-3.5. If the price manages to stay above 3.5 and a weekly candle closes above that level, it will indicate further upward movement, potentially driving prices towards the psychological mark of 5.00.
Fundamental Analysis:
In terms of fundamental analysis, there are several factors at play. NAT-Gas inventories are expected to decrease by 4 BCF, a figure larger than the five-year average. Moreover, maintenance activities at key LNG plants have resulted in a 10% decrease in US LNG exports for the month of June. European gas demand has also experienced a decline in the final week of June due to scheduled maintenance at plants. However, analysts anticipate an increase in LNG exports this quarter as maintenance activities conclude. The shift in gas supply from Russia to the United States in Europe is expected to stimulate prices, leading to the opening of many long trades. Additionally, the 50-day EMA indicates growing support, and traders are expected to become more active this month in order to secure substantial profits within a short period of time.
The increase in gas flow to LNG export plants, coupled with a positive demand outlook, is boosting NAT-GAS prices. In Texas, power usage has remained high and even reached record levels during the recent heatwave, consequently driving up gas consumption for electricity generation. The forecast predicts hot weather in the southern, western, and eastern parts of the US from 3-9 July. As temperatures rise, analysts anticipate an increase in US gas demand, including exports. In June, US exports to Mexico saw an average increase of 6.6 Bcf/d. All these factors combined contribute to the bullish price momentum of NAT-Gas.
Best wishes, and may you be rewarded with significant profits!
Natural Gas - Strong Bullish SignSince 1th June NG is in a double ascending chanel, and we saw rejection when price touched 4H MA100, confirming the bullish trend.
On MACD side, when bottoming buyer and seller fight below positive, now it is near neutral to positive.
The trend is formingNatgas is forming trend change or a bigger correction .I am still leaning bullish.RSI on HT bullish.
Natural gas-head and shoulders patternClear bearish head and shoulders pattern for natural gas. The head and shoulders is a reversal pattern that can indicate a potential trend reversal from bullish to bearish. The pattern consists of three peaks, with the central peak being higher than the other two, resembling the shape of a head and two shoulders.
In the context of natural gas trading, the head and shoulders pattern typically forms during a prolonged uptrend, indicating a potential exhaustion of buying pressure and a shift towards selling pressure. The first peak represents the left shoulder and is formed as the price reaches a local high. This is followed by a retracement or pullback, where the price temporarily declines.
NATGAS POTENTIAL BUY PEPPERSTONE:NATGAS
Watching NATGAS bouncing at a wonderful support level.
Let's see if it break the trendline to confirm bullish flag break for a nice buy.
Plan
#Watching Closing
H&S on NATTY 12% Drop imminent?H&S Pattern has developed on natty with a potential 12% drop for some huge gains.
Once broken and retested, I would put a put order in until the targeted area, until then we wait and watch.
NATURALGASNatural gas prices are expected to rise to the next levels
3,048
3,151
3,458
This is after retesting the level of 2.575
Finally, it succeeds in breaking the important resistance level 2.723
NATURAL GAS ( XNGUSD ) Long Term Trading IdeaHello Traders
In This Chart XNGUSD HOURLY Forex Forecast By Forex Planet
today XNGUSD analysis 👆
🟢This Chart includes_ (XNGUSD market update)
🟢What is The Next Opportunity on NZDCHF 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.
Natural Gas - KeyLevels for next WeekIf you wanna take a trade on NATURAL GAS, maybe before that, you need to conisder this KeyLevels of support and resistance areas.
Careful with shorts until on daily is bullish / upptrend + August and september is coming , when de big companies refreshes their stocks for the winter
Natural gas head and shoulder pattern then blast offNatural gas head and shoulder pattern then blast off, it aligns perfectly for the August Rally, we could see this rally happening starting in late july to august where it breaks 3$ and goes to 4$ , 4.50$, 5$ really quickly.
Natural Gas Due for a move to upsideI believe natural gas is respecting the support trendline quite strongly and as long as this trendline is held I am long on gas.
One thing is for sue, we are much closer to the bottom than ever before... it is amazing that NATGAS is now worthless! too much production and storage has contributed to this freefall (not to mention that I believe it is highly manipulated).
At some point the producers will cut production to balance their costs...
Natural Gas - Very Stron Buy Signal Confirmed - Cycle Analysis Dear Trader
As my last NG ideas multiple factors on long terms are pointing higher high, today injection was +76 on forecasted +83, it is very bullish, especially knowing how it was still cooler temperature than actually
We expect storage injection keep getting bullish as we will soon enter july and august depleting storage for winter, any more catalyst like El Nino, Maintenance, or anything disrupting Supply, it will get higher than my analysis
But for now, IMO, 4.5 end of October is due, on the near term we can aim 3.5 we a scalp to 3
Enjoy the free ride to the top
But never forget to invest on your own risk as I am not a professional financial advisor.
#Like and comment my ideas will help me enjoy keep sharing ideas.
Cheers
Natural Gas - Strong Buy Signal Long TermDear Traders,
As we can see on higher time :
- Weekly
MACD just crossed into a buy position and it is heading toward positive area
- Daily
We have MA20 crossing MA50 and MA100 and MA50 crossing MA100
As you can expect those bullish cross is well timed with a heat wave we are about 90 CDD above average for +35 GFS long term run, same for ECMWF but with a little less CDD
Yesterday retracement was quick, but I think if this support is not broken, it will continue to support the price until 3,5 - 4,5
What about your thoughts on NG short term and long term ?
#Please trade on your own risk
NG behaviourThe natural gas has expanded long enough but given its nature it will still continue to rally up due to weather and political conditions. On Daily chart there is a short pull back around supp lvl 2.680 but will continue up until its recent high 3.050... Note the previous high that hit 3.050 has rallied which is a major resistance level.
The price keeps bouncing on grey trendline so it is still in long. The indicators also validate since the RSI is between 50-80 mark.
MACD has also crossed 0.0 so it should be a bull market. if any of this fails otherwise then its a re-tracement period. so watch out for the bull trap.
The candle sticks keep making higher high which indicates that NG has started setting for long and is trying to test the 200 EMA but need to look out for the price action and what it does to the red and green trendlines. Good potential to break the red trend line over couple of week.
Overall conclusion: LONG
Natural Gas Strong short-term Sell SignalNatural Gas since 12th June followed an upper trend channel with lower than expected injection through several weeks, although temperatures were cooler than average.
Higher temperatures are showing with texas being the main catalyst but a higher injection on last weekly report are increasing volitily of the natural gas market.
On technical basis, we are having similar set up as end of April, breaking through MACD upper chanel with a retest, and following same RSI pattern.
#Likes and comments are highly appreciated.
##Trades with your own risks and money management.
Natural Gas Daily ChartDear GAS will continue its bullish trend till its wave 4 is completed and then will go to bearish wave 5.
XNGUSD, DailyThe price of Natural gas is leaning to the upper side of a massive range-bound formation, which can lead to a continuation to the upside, as shown in the chart below.
As the volume and open interest for NG contract on Chicago Mercantile Exchange has increased to a new high, it’s possible to see a rapid development.
NATURAL GAS ( XNGUSD ) Long Term Trading IdeaHello Traders
In This Chart XNGUSD HOURLY Forex Forecast By World of Forex
today XNGUSD analysis 👆
🟢This Chart includes_ (XNGUSD market update)
🟢What is The Next Opportunity on NZDCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This Video 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.
Natural Gas: Price May Move Down To 2.2 AgainNatural Gas: Price May Move Down To 2.2 Again
Natural gas is not finding the right bullish volume and it seems that 2.75 is creating a strong resistance zone from above.
All the times that we think it will grow further NG moves down.
It is not managing to hold the bullish volume.
Considering how the price began the movement it seems that it will
test 2.2 zone again.
Thank you and Good Luck!
