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BOIL

$BOIL Target 26.76 for 32.08% $BOIL Target 26.76 for 32.08% Or next add level is at 13.76 I meant to publish this last night but fell asleep. Target still holds... — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
AMEX:BOILLong
by SPYder_QQQueen_Trading
1
Still on track so far --> $BOIL Target 26.76 for 32.08% $BOIL Target 26.76 for 32.08% Or next add level is at 13.76 So far so good… I sure do love trading Natty On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
AMEX:BOILLong
by SPYder_QQQueen_Trading
$BOIL Target 26.76 for 32.08% Or next add level at 13.76$BOIL Target 26.76 for 32.08% Or next add level at 13.76 I started this BOIL position after selling KOLD yesterday. Let’s see what happens. Go Natty. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
AMEX:BOILLong
by SPYder_QQQueen_Trading
3
Short-term Spring ShortNatural Gas got a nice boost from colder weather. Looks about ready to crumble in the next month or so. I am short April(J) @ 2.81 Worst case on this is if weather defies it's tendency to flip bearish and the longer time frame trend line is targeted. But, it will take a lot to push past the highs at $3.00 (April). In which case adding another short there could work. Bearish inverted hammer on yesterday's move signals selling is strong and this is the top of a channel. Red box shows that upside risk and below there are a couple gaps that look promising. Trading is risky, don't do it. I am still long August(Q), EQT, RRC and would add on significant dips on any of those.
NYMEX:NGJ2021Short
by trade-God
Natural Gas --- ( 2 0 2 1 ) Swing TradeAlas! I am free to post what I want thanks to the help of everyone's contribution thumbs. ------------------------------------------ The Natural Gas setup for 2021 is not only fundamentally bullish, it's a technical trader's gassy dream. Welcome to the G a s i n o. Macro View From a macro view we can see that prices are now at the bottom of a historically supportive range. The previous deviations that dipped below this range were due to the bearish sentiment as production was trending up. This is no longer the case. Sentiment has now flipped cautiously bullish as supply/demand balance is expected to remain tight. Bullish Indicators First, we can see the weekly MACD is decisively bullish and above the zero line. This confirms momentum is going to likely remain bullish longer term. Secondly, looking at the Commitment of Traders (COT) report on the indicator below the MACD, we see that Asset Managers and Speculators are more interested in long positions than usual. Should be plenty more next year. Thirdly, prices are maintaining above the 50 week EMA. Not to mention the inverse head and shoulders that is under construction. You heard it here first. The Trade Setup Now, if we overlay two important contracts for Summer(orange) and Winter(blue), we can start extrapolating potential targets. Current prices for either one are at the bottom of the range. This is what large speculators are looking at. This is where I am going to start accumulating starting with Summer. In addition, I am also buying dips of EQT as producers will benefit from stronger prices over the next couple years. Looking at the August 2021 contract, prices have broken out of the down trend. Today, in anticipation of a large swing trade next year, I opened a starting long position on the mini contract (QGQ2021) @ $2.78 I welcome dips and estimate a sell target somewhere well north of $3.00 TBD Trading is risky, don't do it. Long EQT and QGQ2021 +1 @ 2.78
NYMEX:NG1!Long
by trade-God
1
Natural gas down trend continueAs you can see lower highs and lower lows are being made and rsi is being reset every time when at or near oversold condition. I’m calling for continue low... it has a little bit more room to go up before dropping again. Furthermore I believe it’s confirmed with the weekly rsi with plenty of room left before going oversold. Natural gas tends to hit oversold on the weekly which is usually a strong signal for a trend reversal. Conclusion I believed the trend is still trending lower with lower lows and lower high as evidence of rsi reset with weekly rsi still in a dow trend. Breaking above the last lower high would disapprove this.
NShort
by namv2008
NG: UNG: BOIL: Natural Gas Rebounded on Feb 2021 RollNatural Gas prices rebounded after dropping earlier in the week from $2.5 to $2.25 on warm weather. Prices rebounded on tight balances, oversold technical conditions, and roll into February 2021 contract. Support is expected to hold, as LNG flows are above 11 Bcf/d and balances are tight, with last draw at -152 Bcf. Technical Analysis: 4 Hr chart shows oversold condition. Support is seen at $2.25. However, double bottom is still possible, before going higher around January 10. Potential price target for the next leg up is $2.75 - $2.8. Upside potential for NG and BOIL may be limited due to roll into lower March 2021 contract on January 22 -27. Fundamental Analysis: Bullish picture with tight balances and potential for a deficit is possible going into 2021. Lower 48 state production lost -4 Bcf/d vs. 2020, while gas exports increased +4 Bcf/d, resulting in net increase in demand of 8 Bcf/d. Lower 48 production is expected to remain at 91 Bcf/d, while LNG flows and Mexico exports will total 16 Bcf/d. HFIR energy believes, that forward curve is underpriced at avg. of $2.58/MMBtu. Should weather turn colder after January 11, 2021, as projected by NatGasWeather, we may see NG prices bounce back to $2.7-$2.8 levels. Cash prices are likely to go much higher during winter. However, NG and BOIL, will start rolling into lower March contract around January 22 -27, which may bring futures prices back to their current support level at $2.3-$2.5 at that time. Overall picture for NG in 2021 is bullish, given lower production and higher LNG demand and exports remain in place. Traders are bullish EQT and BOIL (day trade). Short sellers will still have their opportunities on selling 4 Hr tops. KOLD is an inverse daily ETF, that does well during March - April contract timeframe.
NYMEX:NG2!Long
by tradexchart
Natural Gas - Long Setup ( Near-term )Price action suggests a winter pop is on the horizon. Target Profit: 8% The time frame for this trade is about a month so I will be using the March contract ( NGH2021 ) Technicals This week Natural Gas initially sold off but traders eventually bid prices back up to form a bullish hammer which now sits just above a previous support level. In addition, the weekly RSI is near the lows and starting to curl up indicating a reversal is on the way. Looking a bit closer at the daily chart, it is clear the downtrend is broken and the MACD is showing momentum is starting to shift. Targets Now that the bullish technicals are confirmed I'll use Fibonacci retracements to find a good sell target, measuring from the top to recent low. Conventionally this should be somewhere between the 0.5 and 0.618 with 0.236 now acting as support. If prices close below this level then it's time to reassess. For now the target is about $2.9ish. Trading is risky. Don't do it. Long QGH2021 +1 @ 2.68
NYMEX:NGH2021Long
by trade-God
6
NG: UNG: boil: Natural Gas Looking for a Bottom - Mid DecemberNatural Gas futures dropped disproportionately to fundamentals on lower national demand in the first half of December and slightly higher recent production. However, NatGasWeather forecasts for the storage draw covering next three weeks are not as bearish as the drop in gas prices. LNG flows are consistently bullish exceeding 10.5 bcf/d. The fundamentals are still strong. It seems that bullish traders are waiting for colder weather patterns to settle in before driving prices higher. If we get the forecasted warming next week, the prices may go lower. Expected trough at around December 9-12. Technicals: The 4 Hr chart is oversold. Yet, this condition may persist for another week. The double bottom is more likely before going higher. Per NatGasWeather Report: EIA Weekly Nat Gas Storage Report Outlook: EIA Weekly Report Week 1 – December 10 -70 to -80 Bcf Slightly Larger vs Normal Draw (Nov 27-Dec 3) Week 2 – December 17 -80 to -90 Bcf Slightly Smaller vs Normal Draw (Dec 4-10) Week 3 – December 23 -85 to -100 Bcf Slightly Smaller vs Normal Draw (Dec 11-17) NatGasWeather.com Forecast 5-Year Average -61 Bcf -105 Bcf -127 Bcf
NYMEX:NG2!
by tradexchart
NG: UNG: BOIL: Natural Gas Oversold, Roll into January ContractNatural gas futures NG moved higher as it started rolling into January contract on Nov 20. Technical conditions are oversold on 4 hr chart. We have an unfilled gap at $3.1 level, a possible target for an upside move. Weather forecasts into early December are less bearish than last week, but still alternate shots of cold air with periods of warming. Next week EIA report is expected to be on a bullish side, a draw of about 20 Bcf, as demand exceeded supply for the period ending Nov 18. Expecting a gradual move to higher prices, unless weather forecasts change showing more cold temperatures coming.
NYMEX:NGF2021
by tradexchart
NG: UNG: BOIL: Natural Gas Looking for Support NG: Natural gas NG contract may find its support at $2.6 level before moving higher into January contract. Prices dropped on warmer weather forecast Nov 18 -Dec 2. From technical perspective, NG is approaching oversold condition on 4 Hr chart. Lower prices are still possible due to bearish EIA report on Nov 19, as built is expected on the backdrop of low demand through November 20. However, roll into January contract Nov 22 - 25 may provide support for this transition into colder temperatures starting first week of December. Should NG start rolling into January as early as November 19, the dip may not be a slow as expected due to warm weather.
NYMEX:NG1!
by tradexchart
NG: UNG: BOIL: Natural Gas testing support before moving higherFundamentals remain bullish. NG Natural gas futures are getting ready for December roll. November contract made a rally up to $3.1 on Wednesday and now is testing support at $2.97 - $2.95 level. A three dollar price level needs some digestion. To break above $3.2 December price will require support from colder weather forecasts and higher LNGs. Rise in seasonal demand is confirmed by weather forecasts for the second half of November and into December - January. Last week in October forecast has now turned colder predicting high national demand for the next week (NatGasWeather). Supply/demand balance is tightening. LNGs are at 8-8.5 bcf/d with expectations to increase to 10 bcf/d within the next a couple of weeks. Technicals are pointing toward a pullback before the roll begins and prices move higher. Currently, support for November contract is seen at $2.97-$2.95 level. Even if lower prices are seen on Friday, the dip may represent a buying opportunity before the roll.
NYMEX:NG1!Long
by tradexchart
NATURAL GAS EXPLOSIVE ACCUMULATIONNatural gas has been under pressure for quite some time. As a whole, the energy sector has been beaten down severely and is historically cheap. I do not believe this will last. We can certainly have another big drop and even take out March lows but I wouldn't count on it. There are some BIG BIG BIG changes heading our way and we will look back on these days and regret not paying closer attention to energy.. Look at what's cheap.. look at what's expensive. BTW, we're at a critical junction here. There's a 3x hidden bear divergence that has been respected on weekly timeframe. I think this could push price lower. I sure hope so. But big picture is wildly explosive. here's a chart on XLE to XLK (energy compared to tech). What do you think is the better deal?
OANDA:NATGASUSD
by gghsusa
2
Holiday GasNatural Gas continues to show a build up of bullish price action. Linked below is a previous analysis on the winter contracts showing the target hit DEAD on. Being that winter is not here yet, it's very possible this pattern continues to play out to the upside. First. The most recent weather outlook now points to December being the coldest month which means the January contract is in focus. On the daily chart the price action continues to knock on the ceiling of resistance with several key indicators all flashing bullish signals. 1. Support at the 50 EMA 2. RSI breakout 3. MACD above zero with room to run Targets. The fibbonaci extensions map out objective targets. A big enough cold blast could easily send prices to the $4.20 level by Christmas. Which happens to line up almost perfectly with a macro fibonacci retracement from the 2018 highs to the 2020 lows. Are you bullish yet? Taking a step back looking at the weekly chart it looks even more bullish bouncing off both EMAs. My buy signal will be a break above the top of this weekly candle at 3.435 with a stop below last weeks candle. Trading is risky and should not be attempted by anyone.
FX:NGASLong
by ryan-snk
NG: UNG: BOIL: Natural Gas Upside Potential vs. Bearish WeatherNatural gas NG is getting ready to roll into higher priced December contract, Oct 25-29. The upside potential on a roll is $3.2 price level vs. current $2.8. However, weather forecast is bearish for the rest of the week and into early November. LNGs are higher at 8 bcf/d, but Cameron facility and Sabine pass are still blocked and expected to stay that way for the next a couple of weeks. NGI predicts trough in demand later this week. NatGasWeather predicts low national demand Tue -Fri on warming in high consumption areas. November contract may dip toward expiration. Technical Indicators: MACD chart has formed a double bottom pointing to higher prices. RSI has potential for a move higher, but may also form an island top with a dip lower before going higher, should traders react negatively to bearish weather forecast for end of October - beginning of November. The Volume bars on a price chart (see circle on top chart) showed limited buying at $2.8 level. Support for November contract is seen at around $2.7 level. Some analysts see support at $2.595 - $2.572 levels, should weather models lose TDDs later in October. Higher prices on Monday afternoon were supported by cold shot over Plains and Rockies and trader optimism.
NYMEX:NG1!
by tradexchart
Spooky GasTime to start looking for another spooky Halloween trade as the latter half of October brings in cold temps. Prices are now sitting near historically supportive levels and bullishly above the 200 week EMA, with the 50 curling up. A closer look at the 4hr chart shows prices are coiling up with the RSI in buying territory. Buying here. Targets 2.8 to 3.08 Longer term we can also see the Winter contracts are consolidating at the 50% retracement and the next targets would be the 61.8% and possibly the 78% level. Remember, December has been a "warmer than normal" month the last couple years so if this repeats there should be a nice pullback to take advantage of next month.
FX:NGASLong
by ryan-snk
NG, not Coal. Thanks!The big question is what is going on with Nat Gas this year??? The December(Z) contract is still coiling up in a wedge pattern and about to reveal the answer. A closer look at the bullish scenario... It's looking technically hopeful with the 200 Week EMA, $3.00 level, and the bottom of the wedge all lining up. Now the bearish scenario... The RSI could actually be showing that the strength of this trend is toast and it's possible the MACD is over-extended. It would be a good idea to keep a close watch for the whole thing to fall apart, just as bulls are piling in for an anticipated leg up. As of now I'll be looking to buy December(Z) again around $3.00 if a bounce is confirmed and it remains within the wedge pattern.
NYMEX:NG1!Long
by ryan-snk