Natural Gas Short Term Sell IdeaH4 - Bearish divergence
Most recent uptrend line breakout
H1 - Bearish trend pattern followed by a pullback
Until the two strong resistance zones hold my short term view remains bearish here.
USDNTG trade ideas
Natural Gas: The Bearish Movement Remains IntactNatural Gas: The Bearish Movement Remains Intact
From our previous analysis, the price confirmed a double top pattern and moved down as expected.
Although the pattern was somewhat complex, it performed well.
Today, the pattern is once again confirmed, indicating that natural gas may continue to move down if it holds below $2.13
📺You may watch the video for further details📺
Thank you and Good Luck!
XNG/USD: Natural Gas Price Hits 2.5-Week LowXNG/USD: Natural Gas Price Hits 2.5-Week Low
As shown on the XNG/USD chart, today, the price of natural gas fell below $2.16 for the first time since 8 August.
Bearish sentiment is being driven by the fact that: → This is the last week of summer. Gas consumption typically decreases in mid-September as the use of air conditioning declines; → Gas storage levels are abundant. According to Reuters, current stock levels exceed the seasonal average by 12%.
A technical analysis of the XNG/USD chart provides several arguments suggesting that bears hold the upper hand in the market:
→ Price action is forming a descending channel, shown in red. The upper boundary of the channel acted as resistance, with the price forming a bearish rounding reversal pattern (as indicated in blue).
→ After a large bearish candle on 22 August, the resistance level at $2.24 became more significant.
→ Support lines, forming a fan shape, are being broken one by one, with increasingly shallow angles indicating weakening demand.
Nevertheless, bulls have an opportunity to turn the situation around by using support from the trendline (shown in yellow) at least in the short term.
However, in the longer term, if the supply-demand balance remains unchanged, there is reason to believe that the price of natural gas on the XNG/USD chart may continue its downward trend within the red channel.
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NATGAS - Head and Shoulders Hello Traders !
On Monday 12 August, The NATGAS reached the resistance level (2.213 - 2.250) and failed to break it !
The price formed a head and shoulders pattern.
Currently, The neckline is broken !
So, I expect a bearish move 📉
____________
TARGET: 1.974🎯
XNGUSD(Long)Turtle soup Trading Strategy
The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend.Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts.
It takes inspiration from the famous Turtles trading experiment, where novices were trained on a trend-following system.
NATGAS WILL GO UP|LONG|
✅After the retest of the of horizontal support of 1.90$
It makes sense to expect a bullish correction
Aa the NATGAS is oversold and the market players
Will be taking profit from the level
Fuelling a buying wave
LONG🚀
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EWTSU NATGAS H4 micro ((5)) going to end
EWTSU
NATGAS H4 micro ((5)) going to end in a zigzag subminuette abc
invalidation 2084 wave a of abc
US GAS (Short) Turtle soup Trading Strategy
The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend.Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts.
It takes inspiration from the famous Turtles trading experiment, where novices were trained on a trend-following system.
Natural Gas King #2Hello Ladies and Gentlemen,
Natural Gas is approaching its lowest price since its inception!
Who knows who Arnold is?
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NATGAS OutlookPAIR:
Bearish Outlook:
NATGAS has been breaking into new lows on our Weekly, Daily, and 4hr time frame. I would like to see price make a pullback followed by 1 of our valid-engulfing-candles while staying below the 50ema.
Natural gas falls as Middle East ceasefire talks progressNatural gas falls as Middle East ceasefire talks progress
On Friday the Natural Price decreased by almost -4.5%
This was related to fears that weaker demand from major NG importers could weigh on market sentiment.
Investors focus on the progress of ceasefire talks in the Middle East, which could reduce supply risks.
NG was also followed by a drop in oil prices. We didn't have a different move on fuel prices as we are used to when Oil and NG move in different directions. News about the ceasefire in the Middle East is supporting the decrease in fuel prices
NG may rise slightly for a small correction before it moves down more up 2.00 and lower as shown on the chart
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Continued growth of NaturalGas H4. 23.08.2024Continued growth of NaturalGas
The price bounced perfectly from the margin zone
and confirmed the pattern Repositioning.
Further I expect an internal pullback and continuation of growth
to 2.35 and next target at 2.52.
Natural Gas: are bulls capitulating? The bulls have made 9 attempts at breaking out. All attempts have failed which has led us to this sharp decline.
Nat gas is holding the 20 day MA but it does look somewhat vulnerable to going lower.
The death cross is getting closer and closer as we approach the 50 MA & 200 MA downtrending intersection.
Our members stopped out of the second half of UNG in profits
I am now hoping and waiting for a sub $2 pierce retest. we shall see if we get it.
NaturalGas (SHORT) Hourly1. There is a fake breakout in the hourly time frame, perhaps the price may go lower.
2. According to the wave, the 2nd wave of the bear side has just ended.
3. There is opportunity for a bearish side by keeping stop loss at high of 2.3420.
Natural Gas Looks Poised for a 7.65% SurgeAfter a 39% decline since June, natural gas prices seem to have bottomed out on August 5th. However, after the initial bounce, the price has been consolidating over the last 9 days, forming an inverse Head & Shoulders pattern. This pattern suggests that a breach of the $2.38 level could potentially lift the price by 7.65%, targeting the $2.57 level.
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NATGAS BUY LONG👉🏻 Navigating the markets with a clear trading strategy is essential for success. 📈 The chart shows an interesting setup for a potential long trade on Natural Gas (NATGAS), in line with the market cycle theory.
📌 Pattern analysis: The price has recently broken a descending trendline, which is a potentially bullish signal. After a retracement towards the 0.618 Fibonacci level, the price has formed a solid support, highlighting a key demand area. This zone is well marked by the gray rectangle, indicating an accumulation region.
📌 Next move: With an upward breakout confirmed, we see a clear potential for growth towards the target indicated in the green area, with a target of 2.600. This move is reinforced by the recent positive reversal, suggesting a trend change is underway.
📉 Risk management: The stop-loss level is strategically placed below the recent low at 2.084, which allows minimizing losses in case of false signals. The risk/reward ratio appears favorable, making this setup interesting for long-term-oriented traders.
👉🏻 Conclusion: As always, capital protection is crucial. By following this strategy based on solid technical analysis, you can identify an entry opportunity with well-calculated risk. Patience and discipline in following the trading plan are keys to long-term success.
📩 If you have any questions or want to discuss this analysis further, leave a comment or send us a message. We’re here to help! 😃
NATGAS inverse H&SNATGAS creating an Inverted HS. First objective 2.80$.
Keep in mind there’s a larger inverted HS on the making, which could throw the price beyond 4$
Natural gas is the downtrend resuming? Nat gas still fits all the criteria for a large downtrend.
Lower highs & Lower lows are still in place on the weekly timeframe.
This obviously swings probabilities in favour of lower price.
However historically were still at some oversold levels.
Just because this asset is oversold honest mean it can't go lower.
Im watching the daily 50MA & 200MA closely...do we get the death cross formation to occur again?
Usually this signal provides a near term bounce but medium term decline.
$NG: Bearish decline now switched off, potential reversal on!Bearish Decline from June to August 2024
The AMEX:NG market has experienced a significant bearish trend, beginning from the high of $3.192 on 11 June 2024. This marked a crucial peak before prices entered into a pronounced downtrend. The decline intensified after 25 June 2024, following three failed attempts to breach the declining trendline. These failed tests solidified the bearish momentum, driving prices lower as market participants lost confidence in the possibility of a reversal.
The initial phase of this downtrend was marked by steep declines as bearish sentiment dominated the market. Prices continued to fall sharply, with little to no relief rallies, reflecting a market overwhelmed by selling pressure. However, the decline began to decelerate around 9 July 2024, transitioning from a steep drop to a slower, more gradual downtrend. This period of slower decline lasted for about a month until 7 August 2024, when a notable shift in momentum began to emerge.
Shift in Momentum and Trend Reversal
On 7 August 2024, the natural gas market began showing signs of a potential reversal. This shift was confirmed when prices broke through the yellow trendline that had defined the bearish decline. The break of this trendline was significant, as it indicated that the market was no longer confined to the downward trajectory that had dominated since mid-June.
Following this breakout, the price rapidly tested and retested the original bearish gradient around 8 August 2024. This action suggests that the market was determining whether the bearish trendline would now act as resistance or if the breakout was strong enough to sustain a new upward trend. The successful breach and subsequent holding above this gradient marked the beginning of what appears to be a new bullish phase.
Potential Price Rise and Resistance Levels
With the trend reversal underway, the market is now poised to test key resistance levels. The immediate target is the resistance around $2.47, which represents an 11% increase from current levels. This target is realistic given the support levels identified at $2.16 and $1.91, which have provided a foundation for the recent price action.
The white line on the chart suggests potential price rise fluctuations, leading to $2.47 by 27 August 2024. This would represent a significant recovery from the lows and could set the stage for further bullish momentum.
If the bullish momentum that began around 5 August 2024 continues, the market could see a high-velocity price change between $2.47 and $2.87, representing a 12% increase. This scenario is plausible if supportive factors, such as clearer forecasts of winter demand and inventory reports, continue to drive market sentiment. The blue rectangle on the chart and corresponding volumes indicate that increased trading activity and bullish interest are backing this potential rise.
The timeline for reaching $2.77 by 13 September 2024 is also feasible, representing a 25% increase from current levels. This would require sustained bullish momentum and possibly some positive fundamental news regarding supply-demand dynamics as the market approaches the winter season, a period typically associated with higher natural gas demand.
Conclusion
The natural gas market is currently in a critical phase, transitioning from a prolonged bearish decline to a potential bullish reversal. The key levels to watch are the $2.47 resistance, followed by $2.87 if the bullish trend strengthens. Market participants should monitor volume trends, winter demand forecasts, and inventory reports, as these factors will likely influence the market's trajectory in the coming weeks. The timeline to mid-September 2024 will be crucial in determining whether this bullish reversal can be sustained, potentially leading to a significant recovery in natural gas prices.
CFD.Natural.Gas (Y24.P2.Video1)Bullish structure in the makingHi Traders,
Here are my thoughts for this structure.
Ranging price in accumulation mode and finding the good entry or breakout might align with price hikes for Gas as inflation rises and Europe struggles with supply.
All the best,
S.SAri
