Top and Bottom analysis on Natural Gas (NG) by ThinkingAntsOkUse this as a guide to develop your view on the Chart.
Main Items we can see on the 4hs Chart:
a)After the breakout of the Massive corrective structure, we saw the beginning of a new bearish motive wave
b)Our main target for the end of the bearish trend is the Daily Support zone at 1.650
c)The main structure for the down move is a descending channel, is very important to pay attention to it and see if the price keeps respecting it.
d)If you have a short position opened the support zone can be an excellent target
e)If you want to open Long positions, wait for the price to reach the support zone, and give at least one week to see a formation there.
Daily Chart
GAS
CHK hits support and will bounce to 0.96 All indicators are lining up and it has obviously hit support. In my opinion, this is a decent long because of indicators and high volume.
Selling spread WTI-GASHi.
Maybe you'll find it useful. What we see is a price movement in last 5 years. In my opinion(hope you see it too) spread between prices is close to extreme readings so i'm looking to sell it. You can convert barrel to BTU and compare prices, but let's keep it simple for now. Strategy is also simple. Sell WTI and buy Gas. Considering my longs on WTI it seems legit. It's true, the winter is "hot", but will it remain like that for long?
Tell me what you think oi comments below
NatGas - bull or bear?The last few candles show a sustained sell-off followed by a brief recovery below the short term trend line (white dotted line).
Will natural gas follow the end of day recovery and go back over $2?
I see 2 scenarios here:
1) The price closes over $2.03 on Monday and tests $2.15 this week
2) The price breaches $1.84 and starts a new descending channel between $1.68 and $2.02
My long term trend line (red dashed line) suggests $1.34 is possible, which boggles my mind, but anything is possible if inventories continue to build and our winters continue to be mild on average.
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My goal is to keep tabs on Natural Gas Futures to hopefully find the bottom before a bullish reversal. However, I am not currently playing NatGas as I believe it will stay suppressed until production is shown to have meaningful decreases. Fracking bans, regulations, etc can impact prices but I don't have a crystal ball and will simply follow the market as it happens.
*** Note: I draw my trend lines on a daily line chart as line charts are easier to see then switch to candles since candles illustrate the price action much clearer. A few pennies here and there don't concern me as I am a swing trader.
$GAS, Crossing over ~12.6k resistance level$GAS
Could be following what #NEO is doing as it tries to break from descending trendline and crosses over ~12.6k resistance level...
Looking for a potential R/S flip // or entering with a tight SL are both good setups..
Market is just showing pumps everywhere 🙂
#GAS
Natural Gas (NATGASUSD) How To Buy With Confirmation?
hey traders,
this is my update for NATGAS.
I know that most of you have noticed that the price is approaching a current market low
and many of you are waiting for a signal to buy.
I suggest you focus on a falling trendline on 4H.
Being broken it will trigger a buying reaction of market participants and most likely we will see a nice impulse upwards.
While it is trading below the trendline just wait!
once it breaks I will buy the market
my targets will be
2.30
2.45
stop will be below the last lower low.
Natural Gas: Buy opportunity on the 1W Support.Natural Gas has been on a strong sell sequence since the rejection on the 2.700 Resistance. 1D may be bearish still (RSI = 39.610, MACD = -0.081, ADX = 41.622, Highs/Lows = 0.0110) but we are on the 2.100 - 2.035 1W Support Zone. This is the first bullish sign with the second being the flat RSI (bullish divergence) since November 29th. We are expecting Natural Gas to reverse towards the 2.500 and 2.700 Symmetrical Resistance levels. If however the 1W Support breaks, a new selling sequence may be initiated towards 1.600 - 1.440.
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#GAS | Breakout !Entry : 0.0001307 - 0.0001246 - 0.0001200
Target 1 : 0.0001399
Target 2 : 0.0001560
Target 3 : 0.0001798
Target 4 : 0.0001910
Target 5 : 0.0002090
Stop loss : 0.0001182
Risk/Reward : 8%/60%
Do not risk a large amount of your money
Do not hurry to buy, the price may go down to good places
Please share your opinion in the comments box and do not forget to press the like button
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LONG - GAS - Trading OpportunityPrice retraced back to support and as volume settles bulls get ready for next leg up.
Entry: 0.0001270
Target 1: 0.0001407
Target 2: 0.0001517
Target 3: 0.0001663
SL: 0.0001192
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CPE an inexpensive bet to profit from Iran conflictWith energy prices rising and war with Iran looming, it's a good time to buy a company that exploits domestic oil resources in the United States. The problem with many such companies is that they either trade at a high multiple or their long-term prospects are very poor. Callon Petroleum, which drills oil and natural gas in West Texas, avoids those problems. With a P/E of 4.56, a P/B of 0.44, and forecasted earnings growth for the next couple years, CPE is a strong value for the long term and also should benefit from any escalation of Iran conflict in the short term.
CPE has had a tremendous amount of trading volume in its current price range.
NATURAL GAS HEAD AND SHOULDERS??GOOD EVENING, HERE IS A POTENTIAL PAN OUT FOR NATURAL GAS. CURRENTLY AT NECKLINE OF WHAT COULD BE A COMPLETED HEAD AND SHOULDERS PATTERN, RIGHT SHOULDER JUST NEEDS TO DEVELOP! PRICE IS CURRENTLY AT A KEY SUPPLY/DEMAND ZONE AND A NICE REJECTION CANDLE ON LAST DAY, EXTREMELY GOOD RR IF THIS WAS TO COME IN BUT EVEN HALF THIS TARGET WOULD BE GREAT. THE MOVE WILL MOST LIKELY BE VERY IMPULSIVE AND TAKE A FEW WEEKS TO CLIMB TO TOP IF DOES GO THIS WAY.
I WOULD HIGHLY RECOMMEND HAVING A LOOK AT @MESZAROS & @RANDYFUEGO NATURAL GAS PUBLICATIONS FOR A MORE DETAILED PERSPECTIVE, LINK AT BOTTOM.
Saudi Aramco Chart ( 2222 ) Large IPO 2019My chart for TADAWUL:2222 a major 2019 IPO late in the year
Enjoy
I am not trading this, just observing the fallout in the kingdom and middle east in general as a 2t valuation begins to sink over time.... The channel is downward; even if we make it back to the top I would likely expect heavy selling when we get there.
Manage your own risk
GL HF
XOXO
Snoop
OXY / Long Term Long Position!Extended my Energy Portfolio with Occidental Petroleum Corp shares.
Fundamental:
I will stick to my opinion and investment strategie by adding this asset to my list.
I personally think that nearly every energy-related stock is trading unter it's actual value .
Revenue in 2019:
Q2: 8543 mio USD
Q3: 5743 mio. USD
Profit both positive minus nearly the same costs.
Technical:
Support: 38.500
RSI(14) 61,443 BUY
STOCH(9,6) 67,992 BUY
STOCHRSI(14) 78,901 Overought
MACD(12,26) 0,190 BUY
ADX(14) 29,425 BUY
Williams %R -22,727 BUY
CCI(14) 117,1167 BUY
ATR(14) 0,2536 low volatility
Highs/Lows(14) 0,1743 BUY
Ultimate Oscillator 56,784 BUY
ROC 1,331 BUY
Bull/Bear Power(13) 0,5600 BUY
Natural Gas (NATGAS) Trading Plan
hey traders,
from November the market is prevailingly bearish.
after a retracement from 2.150 support, I believe that the market may continue lower.
Pay attention to a small rising channel on 4H. Bearish breakout of it will trigger a bearish reaction of market participants.
our target levels will be:
2.2
2.1
*in case of a bullish continuation and market close above 2.35 setup will be invalid and bias will switch to bullish