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GAZ

Natural Gas at Key Resistance: Rejection or Breakout?Hey traders! Natural Gas (GAZ) is currently testing a strong resistance level. There’s a chance we could see a rejection here, with the price pulling back toward the support level. If this happens, we could also see a gap fill at the support, making it a potential target zone. Here’s the setup I’m watching: Resistance Level: Price is testing resistance; we could see a rejection soon. Support Level: A pullback could take us down to support, with a potential gap fill in that area. Target Zone: Watch for price action around support as a potential entry point. Stay sharp and trade wisely!
NYMEX:NG1!Short
by rebenga93
Europe Pays for Its Mistakes as Gas Prices Go Sky-High AgainThis week started with rising fuel prices, as it is getting colder in Europe. The ICE Dutch TTF January gas futures’ prices are close to $160 per MWh and are above October all-time highs. The Weather forecast reports that the temperature will soon drop below zero centigrade in several European cities, and that may cause the power grid to exceed its capacity. But Europe became a victim of higher gas prices by its own fault. The European Union is moving towards green energy, and many details about this transformation have been overlooked, including gas pricing. But officials in Brussels are far from blaming themselves. Instead, the European commission moved to scrap long-term gas supply contracts after 2049. Russia, which is a major gas supplier, constantly called on Europe to extend such contracts to avoid high volatility of gas prices on the spot market. Even 2049 looks like a distant future now. This winter in Europe may be painful as gas supplies from Russia via the Yamal-Europe gas pipeline are close to zero. Warsaw refused to extend long-term contracts with Russia’s Gazprom, replacing it with spot gas auctions. Germany said it would not certify the newly built Nod Stream 2 pipeline until the second half of 2022, and it is also threatening to block the pipeline operations as part of sanctions against Russia in case Russian troops invade Ukraine. Whether there is a political reason behind this threat or not is not really important since Germany will just end up hurting itself. According to BBC polls energy bills will continue to rise. A cold winter and gas reserves shortage are two main reasons for this. Germany’s gas reserves are only 59% full and will not be enough to satisfy demand in case of a severe winter. On top of this market speculations may push gas prices above $200 per MWh in the beginning of next year. Some electricity producers in Germany like Neckermann Strom AG went bankrupt due to high production costs. Five more electricity producers in Germany filed for bankruptcy in October.
NYMEX:TTFF2022Long
by scavoanastasiia
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
Technical Analysis outlook- VelocityShares Long Nat Gas 3X- UGAZMon 14.Jan.2019 Ticker: UGAZ LAST= 45.99 The movement during the last few days showed a Sideways movement, with a recent low price seen on Thu 03.Jan.2019 at 36.61. During the next few days an increase in momentum is expected to take the price up for 49.40 and then to 57.30 Taking in consideration the resistance levels. other than the above the price will maintain a consolidation between the 53.45 - 39.75. Res_2 = 67.00 Res_1 = 53.45 Sup_1 = 39.75 Sup_2 = 26.15
ULong
by EmadSaqqa