Natural Gas (NGS) / US Dollar forum
NATGAS Recent updates on natural gas :Supply Trends:
Total U.S. natural gas supply increased by 4.7% over the latest reporting week. This was driven by a 5.0% rise in dry natural gas production, recovering from earlier declines due to cold weather. Average net imports from Canada also rose by 2.8%.
Demand Trends:
Total U.S. consumption of natural gas decreased by 7.6%, led by a 12.3% drop in the residential and commercial sectors as weather conditions moderated. Consumption for power generation fell by 3.7%, and the industrial sector saw a 3.0% reduction.
Pricing and Regional Insights:
At the Henry Hub, natural gas prices recently rose to 3.35/MMBtu, influenced by increased demand and reduced capacity in certain areas like the Pacific Northwest. In Texas, Waha Hub prices showed significant gains compared to previous weeks, indicating a tightening supply-demand balance.
Liquefied Natural Gas (LNG):
U.S. LNG exports saw an uptick, with 20 LNG vessels departing between January 18–24, carrying a combined 76 Bcf of natural gas. Natural gas deliveries to LNG export terminals increased by 5.6% during the same period.
Rig Count:
The natural gas rig count rose by three rigs, reflecting increased activity in key producing regions like the Barnett and Marcellus shales.
NATURALGAS next week🚀🚀🚀🚀I'm In long
SL 3.4
aiming for 4.7
NATGASUSD anyone interested in my trades today? 10 rockets I will do a video
NGAS wish me luck guys, I think there will be gap up at Monday so I go to long, 🤞have nice weekend and luck for everyone in next week
NATURALGAS cmp 3.59... this is it... i think 3.55 should be the support, even if SL hunting it should be max 3.52.. just my analysis based on last 1 month chart, may be last bull run this month.. i'm long @ 3.63..
NATURALGAS possible gap up on Monday with the upcoming freezing weather during the weekend but if there is a trend there’s also many pullbacks. Stay safe, guard your earnings and let’s see if we ride the wave next week. Good luck all!
NATGASUSD decided to get in long at this point but bejezus 🙈
NATURALGAS back to 5 soon.NATURALGAS this has the potential to reach 3.55 given that we still have the NY pm session in front of us and the trend so far is still bearish. Reversals can happen of course but usually it's near areas of confluence.We have from the 4h timeframe a liquidity pocket at 3.45-3.55 which is being protected by a bearish order block at 3.53-3.56.
I wouldn't be surprised if price pushed as far as 3.55 to try grab some of that sellside liquidity before we see consolidation and possible reversal into the uptrend by next week. That being said, setting a trailing SL above the VWAP (red line on chart) to protect you in case of a sudden reversal is not a bad idea at this point because price is overextended and we are near a bullish area of confluence.
Stay green and trail your profits, good luck everyone!
