Selling idea for XNGUSDon 60min TF breakdown of price happen so we can plan short sell with small risk sl
NGAS.F trade ideas
Natural Gas Supply AreaNatural Gas managed to break through 2.5 and now trading around 3.01 area.
Note that there's massive resistance zone around 3.040 and above.
Higher time frame = bullish + break of structure.
Lower time frame = Ride a short down to a point of interest then look for buys.
> Short = wait for confirmation = change of character + supply
> Long = wait for confirmation at POI = change of character + demand
kind regards
Natural Gas Price Hits 5-month High The hostilities in Ukraine have drastically changed the world's natural gas transportation routes, and yesterday's information about possible interruptions in the supply of liquefied gas from Australia due to the planned strikes of workers led to the fact that the XNG/USD quote jumped above the psychological level of USD 3.0.
Citigroup analysts believe that gas prices in Europe could double by January if strikes in Australia, which is an important supplier of liquefied gas to Europe and Asia, drag on through the autumn.
And the FT writes that yesterday's growth was accelerated due to the fact that traders closed short positions, thereby increasing demand.
The XNG price chart shows that the extremes of summer are forming an ascending channel, and its upper limit has not yet been reached. The ability of the bulls to gain a foothold above the psychological level of USD 3.0 will indicate the strength of demand.
Important lines on the XNG/USD chart:
→ resistance from the upper border of the channel;
→ support from the median line of the channel;
→ support at USD 2.51;
→ support at USD 2.85 – yesterday this level near the June maximum acted as resistance, but was broken.
Market volatility is likely to continue today as news on US natural gas reserves is scheduled to be released at 17:30 GMT+3.
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.
Natural Gas bullish move!Big move down today!
But! i still believe we have a potential huge upside.
We could go a little lower to a support level around 2.5~
but we should go up over the coming week(s).
I expect a target price around 2.7~ and after that, another move upwards towards 3~.
lets see what happens!
Good luck!
Energy markets top of mind – got gas?Energy markets are front of mind – we see crude into new cycle highs and riding the 5-day EMA – clients are progressively increasing short exposures, although we’re not at historically high skews.
Nat Gas (NG) – the wild west of energy markets – has broken the $1.91 to $2.82 range it has held all year, and the Bollinger Band volatility squeeze is firmly on. EU TTF NG prices were a clear driver, with price closing up 28%, and along with US CPI, will be front and centre in the session ahead.
Gasoline has moved to range highs of $3.00 and could get more attention from clients, if and when it closes above the highs.
The fundamentals behind the NG move have been firmly debated and whether the potential worker's strike at the Chevron and Woodside LNG facilities has genuine longevity – the three facilities in question account for c.10% of global LNG supply, so it is significant.
The risk to NG longs resides in a quick de-escalation of talks and we ultimately see no impact on supply. Married with signs of a mild winter in Asia and LNG not far off capacity limits, we could see a sharp decline in price on a resolution. Conversely, if we do see a full escalation and the market feels it could play out over a period of weeks, longs will be sitting pretty.
The trend-following crowd would be triggered on NG, with price closing above the Bollinger band and Donchian Channel (40-day look back). This still needs work, but the fact we’ve seen a breakout has raised the prospect of a test of the 200-day MA and full trending conditions.
Looking at the intraday tape in the US500 we see that as crude prices pushed above the April highs, we saw little selling of equity. We also saw the market's pricing of expected inflation (through ‘breakeven’ rates) also falling. This goes part of the way to answer two important questions – the level where higher energy prices accelerate the view that headline inflation may reverse higher again. And, whether higher oil prices become an outright negative for equities.
It appears that while we are closer to that tipping point, it feels like it may take a break of the psychological $100p/b to change the risk dynamic.
For now, longs in Nat Gas seem the right position, knowing the clear near-term risk/catalyst is headlines on strike action in W.A.
NATURAL GAS BULLISH OUTLOOKNatural gas futures surged to over $3 per mmBtu, a seven-month high, driven by increased demand for indoor heating and cooling. Speculation and reports of pipeline issues causing production slowdowns contributed to the price rise. The September gas contract on the NYMEX Henry Hub reached $2.95 per mmBtu, up 6.2% for the day, briefly hitting $3.018.
Prior to this, gas prices had lingered around the mid-$2 range due to higher production and milder weather. Gelber & Associates, an energy advisory in Houston, warned of maintenance problems in NEXUS and REX pipelines, potentially impacting their daily gas delivery capacities.
The NEXUS pipeline moves 1.5 bcf of gas daily from Ohio to Michigan, while the 1,679-mile REX pipeline runs from the Colorado Rockies to Ohio. Analysts anticipate reduced Northeastern gas flows affecting production.
MACD and RSI are confirming the bullish anticipation, with probable levels of resistance at 3.227, while as a pivot point might be considered 2.757 and from there the price might face support at 2.648
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This is the time. Looking for big moves in energy. Natural gas looks fantastic.
A key level from history has been defended, markup next?
NATURALGAS - First Correction Of Bull MarketPrinting shallow here and this is likely a 0.382 correction to begin the bull market.
Trundling down the Supply Line it could print a shakeout and have a stab down but we don't really mind, this is DEEP DEEP here and one day we'll look back and think about when NATURALGAS was sub $3.
Think about it - energy is going up up up.
This could be a multi year or multi decade bottom 🚀.
Hopefully my clients enjoyed this one and now here it is for you guys at TradingView to enjoy!
Not advice.
NATGAS (Spot) is higher.Natgas has broken accumulation and has rised. We can take a target profit by using Fibo extension.
Good luck.
Stop Loss is very necessary.
#NatGas UpdateI have almost gave up on the count with ongoing correction than suddenly noticed that it looks like an expanding triangle.
Natural gas breaks resistance, ending retracement phaseNatural gas has finally broken through resistance today, with US gas pushing through the $2.762 resistance level to bring about a fresh one-month high. Elevated stockpiles in Europe have subdued calls for another winter spike in Europe despite the need to once again source product from around the world in the absence of Russian imports. Nonetheless, todays breakout does signal a potential upside push from here, with the recent decline bringing price into the 61.8% Fibonacci support level. That retracement now appears to be over, with further upside looking likely as a result. Towards the upside, a target around $3 makes sense as this also represents the March peak.
A decline through the recent low of $2.48 would be required to negate that bullish outlook.
NATURAL GAS SWING3/6M:1-2 Bear RTM (Bullish)
Note:
Look for Bullish Patterns
Monthly 3 Bar Range (Look for Bo)
NATGAS BULLISH SETUP LONG UPDATEEasy long, easy money! NATGAS ended up doing exactly what I said, hope you caught on and made some money!
Natural Gas LongNatural Gas forming a butterfly in 4 hours timeframe and price action confirms the long side view in NATURAL GAS. SL will Be below 2.3$.
natural gas longnatural gas forming a bullish butterfly pattern, hence on can plan with minimum sl but only after proper confirmation
#NatGas UpdateThis week, natural gas performed nearly perfectly. The wave count remains unchanged. Although I am still unsure about the ultimate shape of wave b, the scenario allows me to open cautious shorts. Of course, this is not advice. I look forward to the structure shaping the bottom and entering long positions into the winter.
Natgas H&S formingClose above neckline will generate strong momentum to push prices through the next resistant to around 2.7$ area
Natgas H&S formingClosing above neckline will generate strong push up. Probably above recent major resistants above 3$
NATGAS BULLISH SETUP LONGNATGAS is making a rebound from the support level of 2.42 so I think that we will see a further move up.
Natural gas- Short Natural gas (spot) is still keeping down trend as it never gives a higher high but lower high.
In a minor trend, it can break a trendline and did a retesting. So, it is possible to go down.
So, we can look for short term trading with short positions.
Good luck.
✅NATGAS BULLISH SETUP|LONG🚀
✅NATGAS is making a rebound
From the support level of 2.42
So I think that we will see
A further move up
LONG🚀
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Natural Gas May Test 2.3 During This MonthNatural Gas May Test 2.3 During This Month
After a big corrective pattern where the price spend many days finally we can see NG
moving down again.
NG had a long time that it was not holding very well the bullish volume and a bearish movement was again on the cards.
The price broke below 2.55 today and it is increasing the chances that it can move down further and if all goes fine it may test 2.3 price zone this month.
Thank you and Good Luck!
Buy? or Bye? Still a little bit disappointed that the big move upwards didn't materialize mid July, BUT.. there's still a chance and I think this is a pivotal area.
I'm neautral ATM
