GAS
#NATGAS - Surely not?Hi all!
This chart is pretty self explanatory and tells a lot of potential stories.
As we all know, NATGAS is a beast of it's own and often technicals are embarrassed by NATGAS movements.
But considering inflation, whispers of war, absurd weather, perhaps this isn't as crazy as it sounds.
Anyhow, I really wanted to put this out there as a lot of technical indicators are suggesting a bull run.
Weekly and Monthly RSIs are both towards oversold and the current political and economical situations point at a commodity bull run, especially is Oil and NatGas.
NATURAL GAS LONGHelloooooooo PIPPIN TRADERS!!! I'm back with another one. Natural gas is showing a sign of a small correction down to around 6.70 before we have another push upwards to 8.00. Good risk to reward...trade with care!!
$USOIL purely technical 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
$USOIL appears to be on a pathway to retest its support zone for the third time. If this zone is breached, we expect $USOIL to head into the $80-$90 range.
This scenario is purely technical.
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Why has the Russian ruble not collapsed yet?
Russia’s efforts to prop up the ruble appears to be working despite sanctions imposed by Western countries aimed at cutting the Kremlin’s access to external resources and crippling the nation’s ability to fund its war against Ukraine.
Last week, the ruble surged to a more than two-year high against the euro and the US dollar, recouping its losses during the war. The rally was triggered by Russia’s last-ditch attempt to avoid defaulting on a eurobond on Friday.
Russia’s finance ministry paid $564.8 million in interest on a 2022 eurobond and $84.4 million on another 2042 bond, the ministry said Friday. Both payments were made in US dollars, marking a reversal from its previous threat to pay its debts in rubles.
To begin this week, the ruble has continued its strong performance, with the USDRUB down almost 3%. As it stands, Rubles are exchanging hands at less than 69 per USD.
Rating cut to selective default
Prior to the payment of these bonds, Russia had earlier paid its dollar-denominated bonds in rubles, triggering a rating downgrade by S&P Global Ratings to “selective default.”
The rating agency said investors won’t likely be able to convert those payments into dollars equivalent to the amount due as sanctions on Russia are predicted to worsen in the coming weeks.
Gas for ruble
In a bid to bolster the ruble and retaliate against Western sanctions, Russia, one of the top oil-producing countries worldwide, required “unfriendly” buyers of the country’s natural gas to pay in rubles. While many European Union leaders were quick to reject the Kremlin’s demands, one of Germany’s biggest energy companies, Uniper, said it was ready to buy Russian gas by converting its euro payments into roubles.
"We consider a payment conversion compliant with sanctions law and the Russian decree to be possible," a spokesman was quoted by BBC as saying recently, adding that the absence of Russian gas “would have dramatic consequences for our economy.”
Russian national energy giant Gazprom recently cut off its gas supplies to Poland and Bulgaria due to their refusal to pay in rubles.
Commodity powerhouse
Many countries’ reliance on Russian oil and other commodities like wheat has helped the ruble avoid collapse and may play a role in supporting the currency moving forward.
Vyacheslav Volodin, a top Russian lawmaker, over a month ago said Russia should demand ruble payments for other commodities like wheat, fertilizer, and lumber, adding that Western governments have to pay for their decisions to sanction Russia.
Natural gas might be going to the Moon shortly Hi guys, my previous natural gas long position has hit, this is a follow up as I believe that this will continue battling up after regaining it's position within the descending triangle.
Weather isn't looking any better for majority of the US and storage levels are lower than usual for this time of year.
Best of luck!
92e Uranium. Looking for a move higher$92e.ax
-Weekly candle holding the breakout.
-EMA's about to cross.
-Push past 0.62-0.630 supply and its away imo.
Quick deal on natural gas 16% profit for 5.5% Stop Loss "3:1"simple analysis
Trend lines have been relied upon
and volume analysis
and moving averages
Startring to short natural gasNatural gas was off my radar for obvious reasons. I am starting to think it is getting ridiculously over priced and perhaps some noob hedgefunds have been already short squeezed or in the process of being squeezed.
My plan is to short now (3% at my portfolio) and if we go the the next resistance, around 8.5$ I will commit another 3%.
Target take profit around 5$.
I mean the war can go on for a long time. But then we have the summer and I have some hopes by the May 9th, where the Russians have their parade they will say we have won the war and end it :)
NOT A FINANCIAL ADVICE
NatGas UpHey.
NatGas, I'm betting that it goes up again after a little retracement. As far as I'm aware, there is still bullish sentiment on US Natural Gas, given the macroeconomic situation with Russia and everything.
God bless, and safe trading!
Remember, taking a bet in trading is okay, as long as you keep your stop losses tight. No need to lose your whole wallet on a single trade.
Peace out, in Jesus' name.
Disclaimer: I do not swear to abide by Tradingview's "House Rules", and therefore I won't be mad if my idea is hidden. I will never swear on anything, because Jesus told us not to.
I simply want to publish my idea.
⁉️ GAS Weekly Analysis ✅ Here we are in a bullish market structure so I am looking for a long position if the price takes out the liquidity below (previous weekly low) and rejects from the daily bullish orderblock + mid figure 6.50.
Nat Gas Should Hold Support @ $6.5The natural gas market has been supply constrained ever since the Russian ukraine war started. The war is significant to the natural gas market because Russia is the worlds 2nd largest producer of natural gas. Russia also holds 20% of the worlds natural gas reserves. NAT GAS is trading above a crucial 10 year resistance level around $6.5, we broke this level around April 13th. Since breaking that level we saw NAT GAS trade up to $6.5, now we are seeing NAT GAS come back down to this level, I believe we see this $6.5 level hold and NAT GAS move higher
natural gas forecast waiting for another confirmation to place a definite buy or sell on natural gas. Confirmations are leaning more toward the bullish side than the bearish. Consistent uptrend, and currently hasn't broken. A hidden bullish divergence on the 30 minute time frame, currently no signs of major price reversals on the 4hr and daily. News of a potential Russian oil ban has push the market up with fears. Made a small white box if price breaks below and closes will sell for a pul back, and if price closes above box that is a confirmation for a continuation. Signs are pointing bullish, but always weigh out ll possibilities and be patient
Fundamentals:
According to the IEA"S latest quarterly report natural gas demand is set to slightly decline in 2022 as a result in higher prices caused by Russia's invasion.
Europe continues to consider a ban on Russian energy exports.
an immediate
russian natural gas ban would have a severe negative impact on industry and jobs. Germany alone depends on Russia for 1/3 of its energy consumption. so 40 percent of the European Union's natural gas and some 25 percent of its oil now comes from russia, mostly through pipelines.
Stocks To Watch This WeekThere are no certainties in the stock market. These names have shown good relative strength and accumulation volume . This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 24 total stocks on this list with 0 short squeeze candidates . Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!