NATGASNATGAS was trading in descending parallel channel. The price was reacting well the support and resistance of descending channel.
Currently the price has given the breakout of channel and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 2.8.
What you guys think of this idea?
USDNTG trade ideas
Natural Gas in a Free Fall Natural Gas in a Free Fall
Natura Gas is moving in a well defined bearish trend.
During the previous week the price found the strength to breakout from a strong
daily/Weekly support zone located near $2.5
The support area now turned into resistance stopped the price rising more during yesterday afternoon.
Today the price is moving down again and probably it can test $2.1 price zone during the coming days or weeks.
Thank you and Good Luck!
NATURAL GAS Breakdown OpportunityHi!
NATGAS is pretty bearish, reading about a warm December, at least in the US, and overproduction. (reading headlines at naturalgasintel.com).
So, I'm expecting price to break down at the test of this trendline, which could be a good opportunity to SHORT on this one.
Have a great week ahead, and please comment if you have something good to add.
Best Regards,
ThomChris
Natural Gas Prices Recover from 6-month LowsSince November 1, the price of natural gas has fallen by more than 30%. This was facilitated by:
→ relatively mild weather at the beginning of the winter period;
→ record volumes of liquefied gas production, as reported by Reuters. Analysts estimate there is currently about 7.8% more gas in storage than normal for this time of year.
On December 13, the price of natural gas dropped below 2.20 for the first time since the beginning of June. This level may provide support given how price has interacted with it throughout 2023.
At the same time, the graph shows that the price of natural gas:
→ is within a downward trend (shown in red);
→ On December 11, a surge in demand was noticed on the market (shown by the arrow) — it is possible that it was caused by a low price and the expectation that in the future the price of gas could rise until the end of winter;
→ the median line still offers resistance;
→ RSI forms divergence.
Thus, there are reasons to believe that the level of 2.20 may be able to stop the downward trend. And even to provide support for a rebound if the weather becomes colder and causes an increase in gas consumption.
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.
Winter Cash-Cow@NaturalGas is a sure bet as we come to the end of each year. Winter is coming and households need to be warmed up. With the escalating tension in oil-producing countries, and temperatures dropping, Natural Gas has the best opportunity to close this quarter strong as demand increases and supply is under threat.
Despite being down about 40% YTD, there is still a lot of upside left. However, there is some historic price resistance and the 50EMA is backing this up. With fundamentals aligning up for further upside, we might see resistance turning support in the course of this quarter.
NATURAL GAS BEARISH OUTLOOKThe recent surge of warm fronds impacting the United States, the largest consumer of natural gas, shows no signs of dissipating soon, exerting significant pressure on its market. This has led to a substantial decline in the price of the gas, plummeting for eight consecutive days from 2.841 to 2.375, marking a staggering drop of over 16%.
Technical indicators are not signaling an imminent reversal of this trend in the short term, as both the MACD and RSI exhibit robust Sell signals. Should the current trajectory persist, there's a possibility that the price could dip to support levels around 2.124.
A potential pivot point at 2.405 might be considered, potentially leading to a price rebound to 2.712.
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Long Natgas and Short USDJPY - Financial Disaster SpeedrunWeather looking warmer than it seems? Gas inventories high as shit? IT DOES NOT MATTER. KANDA OUT OF HIS JOB?? WHO CARES!
TL;DR: Long NatGas Calls 2.950 USD DEC Expiry and Short USD/JPY spot at 149.6 SL 150.10.
In the grand tradition of financial kamikaze dives, Redridge Capital has just executed a trade that makes even seasoned market veterans cringe. We've simultaneously longed natural gas through December expiry options and shorted USDJPY through a highly leveraged spot position.
Yes, you read that right. We've essentially bet that natural gas prices will skyrocket while the Japanese yen will plummet. It's like betting on both red and black at the roulette table – a strategy that's sure to leave you with an empty bank account and a newfound appreciation for financial stability.
We're not here to play it safe. Of course we are not, what do you think this is? S&P ETF?
We're here to make wild bets, break all the rules, and generally shake up the financial world. And if we happen to lose all your money in the process, well, at least we'll have a few good stories to tell at the bar.
So, let's break down this idiotic trade, shall we?
Betting on Natural Gas: A Recipe for Disaster
We've longed natural gas through December expiry options, meaning we've bet that natural gas prices will be higher in December than they are today. This is a risky proposition, considering the mild winter we just had and the massive glut of natural gas sitting in storage.
But we're not just betting on a mild winter; we're betting on a full-blown apocalypse. We're talking polar vortexes, snowmaggedons, and a nationwide shortage of flannel shirts. If our bet pays off, we'll be heroes. But if we're wrong, we'll be the financial equivalent of the Hindenburg airship.
Overall, we think the sentiment here has gone too far and we could see a 10-15 % rally in the gas market based on the inventories surprise.
LONG DEC Expiry @ 2.950 USD
Shorting USDJPY: A Dance With the Devil
On the other side of the equation, we've shorted USDJPY through a highly leveraged spot position. This means we've borrowed a bunch of money to bet that the Japanese yen will weaken against the US dollar.
Now, we're not exactly experts on Japanese monetary policy, but we do know that the yen has been on a strengthening streak lately. So, why are we betting against it? Because we're Redridge Capital, and we like to make life difficult for ourselves. We are expecting an unwinding of long dollar positions based on an acceleration in Japanese CPI and weakening of the USD.
If our yen bet pays off, we'll be hailed as financial geniuses. But if we're wrong, we'll be forced to sell our kidneys to cover our losses.
The Road to Financial Ruin
So, there you have it. Our latest trade is a recipe for financial disaster. And we're not going to sugarcoat it: we expect this thing to go tits up in no time.
But that's the beauty of Redridge Capital. We're not afraid to make bold moves, even if they're incredibly stupid. So, sit back, relax, and enjoy the ride as we barrel towards financial oblivion.
Analyzing Natural Gas Stocks: Navigating Trends !Description:
In a comprehensive analysis of natural gas stocks, a discernible bearish trend emerges, signaling a potential downtrend in the market. Investors may anticipate a decline in prices, with the next support level acting as a crucial point of interest. As the stock approaches this support zone, careful observation becomes imperative, as it represents a pivotal juncture that could either solidify the bearish sentiment or serve as a launchpad for a bullish reversal. Should the support hold firm, there is a prospect for a rebound, with the stock potentially entering a bullish phase, marked by increased demand and positive market sentiment. However, prudence is essential, as even in the face of a bullish resurgence, the stock may encounter resistance at the supply zone, leading to another potential downturn. Investors navigating the natural gas market must remain vigilant, leveraging technical analysis and market indicators to make informed decisions amidst the dynamic shifts in this ever-evolving sector.
Readers are urged to conduct their own research and seek the guidance of financial professionals before making any investment decisions in the volatile natural gas market.
thank you.
Leading Diagonal?? Or One Leg Downside!!Hello there!
I am a big fan of the Elliott Wave Principle, which is very interesting and useful for analyzing the market. I have developed my analytical approach by combining the principle with my personal experience and considering various scenarios that may occur in the market.
Although I want to share my analysis with you, I want to emphasize that I do not provide buy or sell signals. My main intention is to share my unbiased analysis so that you can use it as a guide to make informed decisions.
To build your confidence in my analysis, I always share my previous analysis of the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand.
I hope that my analysis will be helpful in your trading journey and wish you all the best.
Sincerely,
Natural Gas Support and Fib level- LONG
Hello fellow traders
Why do I think there is time for Natural Gas to rise? Few reasons
1. Fib levels at 0.618 of a drop
2. Support level right now!
3. RSI at a very low levels- exhausted sales
This is just an idea not a tradfing advise, I am keeping this position opened with s/l and t/p as shown 3.04 t/p is for the remaining half of the position as I plan to close half when it's at the marked resistance level, always trade with s/l avoid tears..
NATURAL GAS DIRECTION Embarking on a strategic investment journey, I've decided to open a long position in natural gas within the range of 1.5000 to 2.5000.
This thoughtful move is part of a broader strategy, intended to be held for several months. Importantly, I'm incorporating robust risk management practices to navigate the inherent uncertainties of the market. With a keen eye on global economic activities impacting the energy sector, this personalized approach reflects my commitment to a patient and informed investment strategy. By monitoring economic dynamics, I aim to make the most of potential shifts in natural gas prices over the coming months, seeking sustainable returns in this dynamic market.
This is a long term position I am holding ,same principle applies to all my analysis
GAS: WE HAVE THE SAME PRICE ACTIONHi guys,
we are in the same situation as I'm showing you in the chart, for the moment I do not consider take any short on Gas, but if we go lower I consider a entry long position.
For now it's better wait and see, because Gas and Oil are dumping, market is rising and tech stock are close to reach new interesting level, so put a percentage of my portfolio on gas seem useless.
Let's see.
Recap NatgasClose as the end of this day might give us a clue of where and how we gonna trade this this instrument. As trader we love trading on either pullback or breakouts, and in this case we can see a minor resistance just above the now price. If bullish momentum keep increasing (1) I might consider going long above resistance (2) wait for the breakout above resistance, then a pullback to the breakout point before going long. Will read the candlestick on lower timeframe and use lower timeframe for entry and to get a affordable RRR.
Bullish for NATGASIdentifying an intriguing chart setup in NATGAS: Since mid-October, the price has experienced a decline of approximately 22%. Examining the broader chart perspective, the correction has, so far, only retraced 50% of the upward movement since April 2023.
The On-Balance Volume (OBV) indicates a clear hidden bullish divergence. Consequently, we anticipate an imminent rise in natural gas prices.
A realistic target range is around 4,000 or higher.
It is important to note that this is a longer-term trading idea.
Two possibilities in gasGreetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!