natural gas july monthnatural gas july month levels for 26-06-2023
Technical Levels
Buy Above: 224.00
T1: 229.51
T2: 234.59
T3: 236.51
SL: 219.52
Sell Below: 219.52
T1: 214.61
T2: 209.76
T3: 207.95
SL: 224.49
JKM1! trade ideas
Summer Heat expected to uptick energy demand-good for nat gasHot days mean more Air conditioning, which is good for natural gas since its 40% of electricity generation.
The Nat gas chart has been in a down trend since losing support in fall of 2022.
Will the chart turn directions? Currently its trying to begin higher highs.
NATGAS Will Keep Growing! Buy!
Hello,Traders!
NATGAS broke the key
Horizontal level of 2.679
And the breakout is
Confirmed which reinforces
Our bullish bias on NATGAS
And makes us expect
Further growth
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
NG1! Expected Growth! BUY!
My dear followers ,
I analysed this chart on NG1!, and concluded the following:
The instrument tests an important psychological level 2.731
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Target - 2.857
Safe Stop Loss - 2.661
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
Question:What is more profitable longing the strongest market ortrading concepts that can not be automated?
as interessting as ICT concepts sound price always always always
has a 50% or 61,8% level or a fair value gap or a
BPR = balanced price range =
a bearish and bullish FVG
(fair value gap) overlapping
but does price most of the time re-act on these levels?
NO!!! only sometimes
so why not simply go long on the opening bar with a low risk and exit at the end of the session
or trade market structure changes on the 3 min NQ
most of the times its the simple (automated) things that perform better in the long run...
✅NATGAS BREAKOUT|LONG🚀
✅NATGAS keeps growing
And the price broke the
Key horizontal level of 2.674
Which is now a support so
After the pullback and retest
I will be expecting a move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
NG ABC BULLISH PATTERN NG has formed an ABC Bullish Pattern on its daily chart and the price is trading above near the long entry-level EL: 2.289
ST: 2.031
Target1:
62% AB: 2.692
79% AB: 2.871
Target2:
127% AB: 3.384
162% AB: 3.747
Target3:
272% AB: 3.747
262% AB: 3.747
Time To Get Long Natty! Natty is finally moving. For whatever reason. Longs are itchy. Shorts are bailing. Gettin' squeezy! Get In Long. I like BOIL - just had it's 20:1 reverse split... Stops @ 60.75 or so, 1st target 84.75.
natural gas levelsBuy Above: 214.00
T1: 219.09
T2: 224.05
T3: 225.92
SL: 209.33
Sell Below: 209.33
T1: 204.54
T2: 199.80
T3: 198.03
SL: 214.18
NGAS - SHORT SCENARIOLast week, fuel inventories in storage rose by 95 billion cubic feet (bcf), surpassing analyst forecasts. Gas futures initially dropped but rebounded by the end of the week. The market expects increased cooling demand in the coming weeks as summer temperatures rise. Gas futures on the Henry Hub are heading for their best month since August. However, the storage build exceeded last year's levels and the five-year average. Total gas in underground storage in the US is significantly higher than last year and the five-year average.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NATURAL GAS: Short term Sell opportunityNatural Gas got supported on the 4H MA50 yesterday but the rebound seems to be running out of steam. The R1 at 2.697 is so far a Double Top and as the 4H RSI is forming the same bearish pattern as in late May while the 1D technicals are losing strength (RSI = 59.608, MACD = 0.079, ADX = 32.120), we are shorting NG targeting the HL trendline (TP = 2.300).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
NG for further longsupport by fundamentals and now by technical move. now filling low value gaps, NG looks to trend up if bid keep 2.61
all last sells from 2.68 have bad highs so something to be vistied anmaybe to be taken out.
natural gas technical levelsBuy Above: 209.00
T1: 213.70
T2: 218.60
T3: 220.45
SL: 204.06
Sell Below: 204.06
T1: 199.33
T2: 194.65
T3: 192.91
SL: 208.85
A general market review mostly Futures6.21.23 This video shows some relationships between the Russell and the S&P 500.... I think there's a potential message here if the markets may start going lower. We looked at Tesla coffee, And a brief look at the natural gas market.
Decision day for NGSince NG land on VAH of last bigger sell and additional on a nice loaded value loaded M30 candle we may see a rotation day as fight between sellers and buyers.
However if buy will show strength and lift above 2.50 we may see some run up.
Sell must push below 2.49
so waiting to see the action.
on fundamentals: still some work on LNG terminals in USA, a bit colder weather in TX, hot in Europ, still works on Norway
NATGAS Bearish Correction! Sell!
Hello,Traders!
NATGAS was trading in an
Uptrend but then hit a strong
Horizontal resistance of 2.683$
While trading in a bearish wedge
Pattern from where the
Price made a nice bearish
Breakout so I think that
Natgas will go down
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
NG further up with a possible rotation NG is pushing further up. Friday a normal day with some P volume type indication due to open rejection reverse cash session.
NG is in area of single prints built in May (see link below)
We are close to a volume loaded level of 2.693 so we may see fight between sellers, who pressed below buy VPOC and buyers who would like to be back above it.
So next day or days will show if sellers are still there and if they have enough power left.
why not a scenario to open with a gap up to around 2.693 :)
app.screencast.com
NG close to 2.7 area where we may see sellers quitting positions. So 3 ideas for trade:
1. just StopLos covering and this will be with a fire above 2.7 and in case of no continuation we get sell down
2. Liquidation of stops above 2.7 in fast way or with some rotation but in that case we should keep 2.693
3. rotation in range 2.565 to 2.636
Gas price Bullish viewBullish view on Nat Gas. Target 230 for wave 3. Below 200$ a more bearish view. This count is still a final leg up in corrective larger wave 4.
Neutral: Bearish continuation or Bullish reversal:Descending TriThe last four trading days saw gas closing lower after attempting to breakout(see prior post) and in so doing, filled the gap created on the 17th of April. I am still long on this and have not closed my swing trade.
Technicals:
chart: A potential descending triangle is forming.
Volume: Massive build up on volume over the last few weeks.
RSI: ...
Whether this will end up being a bearish continuation or be a bullish reversal is a story worth watching.
What ever direction this takes, it will explode.
Disclaimer: Not financial advise.
Natural Gas Forecast | Detail Price Level Trend Guide- Natural Gas confirm its daily uptrend
- broke bullish out of the equilibrium wedge that has been chopping around for months.
- Ideally for bulls we re-test the wedge and bounce off of it
- for bears they would want it to break back into it
Bullish Setup in Range-bound MarketNatural gas has been moving within a range, and currently, we are at the lower part of the range.
We are patiently waiting for a shift in market structure (creating a HH). This would indicate a potential upward movement within the range.
Entry Point:
We plan to enter a trade on a pullback (LH) utilizing the (weekly FVG) with the trendline acting as a support.
Target:
Our target is set at the upper end of the range, with tp1 at 50% of the range.
NFA
Natural Gaz long termThese are long term expectations in relation to natural gas prices and the most important levels that will be affected by them in the future
NG on bust possible to close old gap at 3.00 quite possible in mNG did a nice move not just from technical point of view covering some low value areas but was pushed by:
1. warm weather USA and parts of Europe
2. Nederland closing one of biggest NG field
3. Some maintenance work of gas pipe lines in Norway (for June time)
4. some work on LNG terminals in USA
Gas in Europe jumped as well and this may give push for further moves for the NG
NG has tendence to do a sell after such a jump of 9% after some small up days. So if this time we see a pull back to 2.52 and bid coming back it may be a game changer for next days.
Since NG enters some low value areas ( and single/poor TPOs, sell from 2.8) don't mind we may close gap around 3.oo
below ling to TPOs and foot print chart (here by the way we had 4 M30 blocks with some nice bid so who load there, would for sure try to push price up to distribute this). Hope it works
app.screencast.com
