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Natural Gas crash?Natural gas has crashed when comparing it to the DBC commodity ETF. If a recession takes hold, demand destruction always prevails and it looks like Nat gas is pricing this in. This price action could be a leading indicator that many other commodities may be vulnerable to a pullback. Since Natural Gas is one of the smaller components of this ETF, it can see a large influx of capital that has to stay long by rotating out of other overbought commodities. Natural gas has broken out before the DBC and it has bottomed before the DBC. Nat Gas has the largest divergence from its peers.
CAPITALCOM:NATURALGASLong
by Trading-Capital
1
Natural Gas: Commodity DivergencesThe correlation between DBC (orange line) and Nat Gas is strong. However, Nat Gas gas does have price history where it diverges, leads & lags the average DBC price action. The white arrows on the screen display the periods where Nat Gas And DBC (in orange) diverge. Some of the divergences have lead to steep pops & drops of mean reversion. What were seeing now is a massive divergence of about -33%, Nat gas has crashed and is the number one underperforming commodity in this basket. Nat gas has retraced back to the Pre Covid low levels. Looking at the DBC ETF its about 33% off the Pre Covid Lows. Over history the correlation usually tightens up and it has a long way to go to close the gap divergence. This presents one of 3 scenarios.. 1. Other commodities in the basket collapse 2. Natural Gas Rallies 3. Both options (Our Base Case)
NLong
by Trading-Capital
NatGas pressing against the lowsTrade Idea: Selling NATGASUSD Reasoning: Price action remains entrenched in a downtrend. Short-term rallies continue to be sold. We are looking for a break of support at 1.97. Entry Level: 2.029 Take Profit Level: 1.900 Stop Loss: 2.080 Risk/Reward: 2.53:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
OANDA:NATGASUSDShort
by Signal_Centre
NATGAS FORECAST 2023The prior entries flopped but i couldnt update the reversals cause i was banned by trading view (matrix attacking) that being said LETS BE HONEST ALTERNATE ENERGY SOURCES IS A JOKE those sources need to reduce exports to meet their own demand too Market insider headlines id paste the link but matrix be finding reasons these days The European Union's upcoming ban on Russian oil products could spell more turmoil for the Kremlin. China and India are unlikely to buy refined Russian fuels that were once sold to the EU, which will ban them on February 5. That's in contrast to Russian crude oil, which were snapped up by China and India after Europe shunned those supplies.
NLong
by Bekiumuzi_Dube
19
XNGUSD Mar-Apr 2023Code XNGUSD is available Month: Trend: down. The month is not closed yet. But the possibility is still a month down Amplitude: Back to the hard HTCC mark is 2.1 Duration: at least 3 bars left (9 bars are typical down phase). That is, the possibility of the month going down to July 2023 Week: Trend: The trend is unknown. Range: Back to HTKC 2.1-2.2 to test channel, pattern and resistance Time: The ability to buy time until the end of the month because the down phase was too harsh The end of the month is exactly 17 weeks, there is harmony in time with the form 1-5 long, 3 short Day: Trend: The trend is unknown. Across Amplitude: Going back to the milestone of HTKC 2.1-2.2 is the end of the weekly range. So there is absolutely an entry point in the day. Time: Typical cycle is 40 bars down, 37 bars up. So, if you follow the typical cyclical range, the possibility of a correction to 2.2-23 at the beginning of the month and then a bounce is high. Detailed comments on the codes of interest Scenarios and probabilities Scenario 1: The month has an upward pullback (wave 2 of the month), creating a mid-term (weekly) reversal point. It is expected that the week can go to July/23 and then break down on the monthly frame. That is, we have a scenario where the mid-term week is about 6.0 points, from April/23 to 7/23 So we need to wait for the entry point on the date frame. Trading strategy for the highest probability scenario Command Types Position order: Monday 27/3, enter buy position at 2.2, sl 0.05 because of high overnight fee Stuff order: Break through the 10-day MA and add a stuffed order with a volume of 70% of the capital
FXOPEN:XNGUSDLong
by ducnl94nan
2
Natural Gas long opportunity Potential long opportunity, as Natural Gas seems to have hit the swing low on the 4 hr chart in the same support zone as the previous swing low around 22-Feb. There is positive momentum and price towards upside and end of bearish Elliot wave end(5). Also, PSAR shows buy entry and price deviating away from the bearish trendline towards upside. Prefer to wait out the weekend and take long opportunity on the 30min/1 hr timeframe swing low, after any gap opening on Monday if support holds and volume remains positive.
CAPITALCOM:NATURALGASLong
by deepm83