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LNG-Platts JKM Futures

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LNG1! trade ideas

Feb 27,22-NG-Was 2 the bottom?Not sure if 2 was the bottom or not, but there was a support/resistance line around 2.3 so I put a Buy Order in on Fri at 2.350 to see if I can catch 500 points. So far so good but I might cash out shortly. We shall see. Question is....WAS 2 the bottom? Or will price just reverse this week and head back down to 2? Regardless, keep an eye on your trades - anything can happen and the recession is still coming(even though it's already here but most people don't want to admit it - AND - their realization hasn't shown yet in the markets). Trade safe, stay safe. Heiko
NYMEX:NG1!Long
by HEIKOTradingSystem
QG1!2.27.23 Natural gas has had a rough ride lower that was good for Sellers but not so good for buyers... and we got burned with a small loss if we had taken the buy signal that I recommended. Right now the market is transitioning to a very narrow range, and that range has doubled. First it ranged, and then it doubled the range lower, and then it doubled back to the top of the initial narrow range. So there is some element of buyers at this level, but I would not take a long trade just yet. I would wait for the market to expand a little bit and possibly take a trade if It moves higher and then correct lower so that I could find a buying opportunity. I will have to let the patterns play out to make a decision.
NYMEX_MINI:QG1!
by ScottBogatin
2
Natural Gas prints an RSI bullish divergence As you can see in the chart, natural gas had a big downside movement for the last months. Now It looks like the bottom is printed so I will consider entering a long here with targets 3.11$ and 4.69$ . You can see apart from the Bullish Divergence that It is starting to show a lot of strength, you can observe a gap-up between 2.314$ and 2.415$. For the buy setup I will enter now and set an stop loss order under the gap. If the position goes well, I will keep locking profits manually trailing the stop under key areas. Don't forget to share your thoughts on the comments and happy emotionless trading.
NYMEX:NG1!Long
by piccard54
When do you prefer to catch falling knives- nat gas up 9%Nat gas isnt a stock, its also a weird commodity. Its almost always oversold and cheap, and then all of a sudden its wrecking shorts. Remember James Cordier? the option seller who blew up his clients selling calls on nat gas? geez. tough. Any who, there momentum divergences in nat gas, showing the selling is slowing. theres lot of volume showing interest. I saw a guy on youtube saying he likes it. I saw a guy (well respected) saying hes taking a stab at it. today its up almost 10%. From past experience, its better to be late to the party. its better to be the 2nd mouse in the mouse trap, not the first. The first one gets dead, the 2nd mouse gets the cheese.
NYMEX:NG2!
by ValuePig
Natural gas is stuck, but nearing a move Natural gas has been oscillating in a wide range between $2.34 and $2.60, give or take a few cents. $2.50 support/resistance has been the decision level for a sharp move in either direction. At this point, both extremities have been tested multiple times , weakening both support and resistance. I believe that if natural gas bounces here and tests the higher extremity, it will be broken with ease. However , the longer it stays near the bottom of the range, a break of $2.34 becomes likely and a fall to the $2.20 level materializes. $2.20 is roughly the top of the resistance channel that natural gas has been stuck in since December of last year (highlighted by the green box). That flush might wipe out the remaining stops and a big portion of the bulls that are remaining in natural gas, which could yield a nice bounce and trigger a short squeeze.
NYMEX:NG1!
by Fida4u
1