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💡 NATGAS . Weekly Technical Analysis UpdateMidterm forecast: While the price is below the resistance 3.000, beginning of downtrend is expected. We make sure when the support at 2.250 breaks. If the resistance at 3.000 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI resistance #1 at 52 is not broken, the probability of price increase would be too low. A trough is formed in daily chart at 2.378 on 12/08/2020, so more gains to resistance(s) 2.700 and maximum to Major Resistance (3.000) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 42. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
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by ForecastCity
10
Again Waiting Downside Trend Resistance 1.870 to 1.920 level.Last week Price hit multi-year Support level 1.580$ and bounce back from multi-year support, Currently price hit long term downside trend resistance. Next, some month now Demand of Gas VERY LOW as Summer period starts, we will see come next week Price go back 1.510$ support 🛑SUPPORT/RESISTANCE ✅S1= 1.725 ✅S2=1.510 ✴️R1=1.840 ✴️R2=1.920 Please like, share, comments and follow me to get daily base analysis Thank you for your support, I appreciate it.
OANDA:NATGASUSDShort
by Allmypips
2
The best deal of the second half of the yearToday we are writing about the best deal of the second half of 2019. While many believed that this is the pound purchases (this is potentially the best deal in the foreign exchange market, but not in the financial markets as a whole), but no, the best deal is natural gas purchases. Its current price looks extremely attractive for several reasons. let's start off with the fact that over the last 9 months, natural gas prices of international markets have fallen from $ 5 to $ 2 per MMBTU, that is, almost 2.5 times (!). There were a lot of reasons for, but the main ones were the sharp increase in gas production in the USA due to the shale revolution and the intensified struggle in the gas market for a share, where price became the main weapon. The unexpectedly warm winter, especially in the USA, as well as the trade war escalation, led to increased fears about the demand growth for natural gas. What is happening is very similar to what we observed in the oil market in 2014, when Saudi Arabia announced that it would increase production to increase its share in the oil market. As a result, oil prices for half a year fell by about 2.5 times. But after that, oil prices rose by 2.5 times. how the situation on the oil market was straightened out. - the collusion of a number of oil producers within the OPEC + framework and the artificial reduction of supply on the oil market. Could this happen on the gas market? The answer is unequivocal: yes. Moreover, it is much easier to do on the gas market, rather than on the oil market. If OPEC controls less than 40% of the market and therefore additional participants were needed such as Russia and a number of other countries, then the GECF gas cartel controls more than 50% of the market. And the top 5 countries in gas production hold a market share of over 65%. All you need is 5 countries to change the balance of power in the market. Recall, in order to organize an OPEC + agreement in the oil market, 25 (!) Countries were needed. However, such a deal in the gas market may not be needed. US production growth is rapidly falling (from 50% to 10%). And according to the Energy Information Administration (EIA) forecasts, in the first quarter of 2020 gas production will begin to decline. Natural gas today is the main source of energy generation: According to British Petroleum estimates, global energy demand will increase by a third by 2040. As a result, the growth in demand for natural gas will be about 50%. That is, you really should not worry about. A potential positive force majeure for the gas market could be the dollar devaluation. Whether it happens as a result of US currency interventions or would be associated with an easing monetary policy by the Fed, we do believe that there is a chance of a decline in the U.S. dollar value. And since gas prices are denominated in dollars, its fall will automatically mean an increase in gas prices. The minimum goals in case of correction development are growth by $ 2.7, which is equivalent to 35% excluding leverage (with a leverage of 1 to 10, which is about 350 (!)%). As for the medium-term goals, it is appropriate to expect the achievement of the $ 3.3 mark. Profitability, in this case, will be unrealistic 65%. Unrealistic because taking into account the leverage 1 to 10, this is equivalent to 650% of the profitability of the deal.
FX:NGASLong
by Trade24Fx
Will NaturalGas test 2600? or go back long to 2800 area ?NaturalGas could probably short to 2600 area when it breaks the current fibonacci resistance. When it doesn't break; long to 2800 area. Gas is between the two bollinger bands now, so volatility / price fluctuations expected! difficult to open a trade on this one now. ------------------------------------------------------------------------------------------------------------------------------------------- My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. But, still the most difficult part and what it's all about, is where does a long or a short start? and which point is telling you that the cycle is started, so that you know it will probably go to the next fibonacci resistance? .... therefore I have developed some own indicators! The exact positions of where to open, to close and the stop loss position and take profit position is very important to be successful with trading! My strategy is to never trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility! One of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try! How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators, some I show in my charts. Therefor I use the fibonacci sequence. My indicators tell to open a position or not and in combination with other own created indicators I decide where to place the stop loss and take profit positions. - and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! or open directly. - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are other positions than the resistances in the market! - the moving-averages and bollinger-bands are very important indicators also. They are helping a lot! by making decisions. And that is Why I win more than I lose in the end. Patience is everything, we’ll wait for the right moment! But don't forget; trading means investing. Sometimes you lose more than you win in the beginning of a period! Most of the times the sentiment changes on Monday! please consider that when you start a position on Monday. Tuesday, Wednesday and Thursday are on steady markets normally calm trading days. Than, my strategies work at their best! Don't forget to follow me, so you get updated when I post new ones. Also read my account and the 'status updates' to be informed. Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
OANDA:NATGASUSD
by Rich_Exclusive_Trading
NaturalGas at important resistance now. Will it go long further?NaturalGas at important resistance now. Will it go long further? NaturalGas is very interesting now. It broak 2.755 which is an important breaking point. When it does, 2.845 we are going to look for opening a long position! After years of studying, learning and practicing I have developed a way of trading which can provide an profit every month by trading cfd's. The strategy I learned from an visionair is 'Cycle trading' and I have developed this further and made it my own. How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators, some I show in my charts, as; is the trend horizontal / uptrend or downtrend or volatile. - and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! one of the indicators I use here to help me is the Fibonacci sequence. - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are Other positions than the resistances in the market! Here I work with 'the total expected possible profit' and an percentage from this total opportunity where I mostly close the trade to be safe. And that's not all at all. Also I check if the opportunity is interesting, by analyzing the charts and when I can make the conclusion that when I should open an certain trade and the possible profit would be 2/3rd of the amount you can possibly lose. So, in bad case lose 100 dollar and best case win 300 dollar it is worth the try! losing these kind of trades, I see as an investment on the possible loss. Stop loss needs to be tight here. Patience is everything, we’ll wait for the right moment! Sometimes we are in huge loss, before we end the month in good profit. This is all part of the game. Without trading positions which we lose, we could never win more than we lose. Losing orders is investing in the knowledge to trade the right one to earn money. Thank you for following and Succes with trading ! and please check my main TradingView account! When you like my ideas, please follow me, so you don't miss my analyses and my 'status updates' ! Richard from Rich.Exclusive.Trading
OANDA:NATGASUSDLong
by Rich_Exclusive_Trading
$RLE Symmetrical Triangle With the oil and gas sector currently in the spotlight due to increasing East Coast gas prices the sector is seeing reasonable growth. Government subsidies are helping small explorers realize their production ambitions. Due to the prior downturn in gas prices the drilling and completion costs have been heavily challenged with some companies reporting costs have reduced by as much as 60%. $RLE are cashed up with low cash burn and are currently proving up their basin centered gas play in the Cooper Basin with the current focus on the Tamarama-1 well which has been seeing improved gas production rates since the installation of a plunger lift system to dewater the upper formation. Chart wise we have come off a previous base at around 8c, overshot somewhat and have now consolidated around the previous resistance at 10c. With news flow expected over the coming weeks and months regarding well flows, commercial agreements and asset acquisitions there are several potential catalysts for share price appreciation. Short term I think we may see the a breakout with 14c the first target, with gas resources of over 13tcf longer term successful development could see this company become a mid cap although plenty of capital will be required along the way.
RLong
by Michaeljob
Natural Gas: Cautiously Optimistic... NG feels oddly strong today. Support has been found in the middle of the adjusted keltner bands as well as the lower part of the Cloud (not not visible here). No major signal by them selves, but the strong support on the weekly chart in combination with the current rally does suggest that at least a new push higher will be attempted. Worth a gamble? We think so, but not too large and remain vigilant for a false break. Upside potential for the near term: 181.25 / 203 SL: ~158 NATGASUSD
OANDA:NATGASUSDLong
by buyem_nl
NAtGas - Buying before 9/11We had our convincing bounce from the lower trendline near to the 400 SMA. I was close to call the bottom a few days ago. But it's still not ready yet. The last bounce was showing weakness. We weren't able to tag nor the upper trendline of the triangle nor the 200 SMA. We are waiting for an intermediate low at this point in Natty. A rally out of an intermediate low is almost always strong, price should not hesitate to break the trendline or the 200 SMA. After Friday's close it seems we are attacking the lower trendline again. The plan is the same as it was in the previous idea. The difference is the time frame: we need to buy before 9.11. The cycle cannot stretch longer than that date. The plan is to Buy between 2.73 and 2.5$. I still would like to see the RSI and SlowStoch become oversold extremely . And we still mustn't break below 2.387$ ( the previous ICL). I modified a little bit the lower trendline : the last drop was just a false breakdown.
OANDA:NATGASUSD
by chartwatchers
25