Natural gas just keeps bleeding lower. Despite the oversold intra day condition this commodity is finding no support. Natural gas equities are mixed right now, but are definitely showing some signs of accumulation. We think the next 2 support zones on Nat gas if we lose this critical area are $2.21 & $2.00 Beware Nat gas tends to overshoot. This trendline...
Natural Gas has been a very volatile asset in recent sessions. The price action in the 4 hour chart has triggered a bullish breakout. The next bullish inverse head and shoulders pattern on the daily chart is starting to take shape. This pattern has not yet triggered. If we see a breakout of this pattern there is about $1.50 of upside from the neckline....
UNG on the daily chart has put in another monthly low similar to that of December after falling from a double top in early January. Gas production may be low. Storages may be depleting as demand is steady even in mild winters. The indicators show mild bullish divergence on the zero-lag MACD and volatility compression on the Fibonacci levels with low...
NAtural gas has broken out of a powerful base. We have seen some stellar price action over the last couple weeks. A short squeeze in the making could be brewing. s we approach some heavy daily and weekly resistance, you may see some profit taking ahead of the next leg up. The daily 200 MA & weekly 50 MA should be respected until they're broken.
This chart has gone through ample consolidation. Once this pattern breaks its going to be a very powerful move. Being the fact that were seeing a bullish shift in Utilities and gas & Oil, we think this name is setting up for a upside move. if Nat gas makes a true bottom this name will likely outperform. This is a lighter volume name so trade with caution.
Nat gas confirmed a daily chart breakout! Its looking likely that we are now putting in a basing formation to move higher. Now that we are holding above $1.86...we could start to see shorts cover. I remain bullish as long as were above this key gap zone from 2020. Nat gas resource stocks are continuing to show signs of accumulation. $2.25 upside target on...
Petronet breaking out after forming a base for 2.9Y and reached target 1 today at 285. 317, 379, 402, 423 are the subsequent targets. 379 should be an easy target.
on the 4H chart is showing a round bottom reversal at the bottom of the high voume area and rose over the POC line of the intermediate-term voume profile. Price now has room for a 50% move to the top of the high volume area at $ 52. The chart shows the relative volume indicator supports a long buy as does the dual time frame RSI. A speculative call option...
as shown on the 15 minute chart is rising in an ascending parallel channel and is suitable for a long buy entry when the indicators are triggered. The onslaught of winter cold, the sanctions against Russian gas exports and inflationary pressure on commodities all bode well for the trend up for natural gas on forex and equities markets. See also my idea linked...
While PEPPERSTONE:NATGAS drops to lows not seen for decades NYSE:LNG may be setting up for a potential trade to the upside. Recent low is a Gann Pivot and should be used as Stop Loss You can also play this using option - see my X post
This publication was partially created by ChatGPT AI, under request to Highlight Ten Factors That Could Drive Natural Gas Prices Below Zero in 2023. Good or bad, y'all be the judge. But here's what ChatGPT said... As an AI, I cannot guarantee the accuracy of such statements, but based on common knowledge, the following factors may be the reasons why natural...
Have been waiting for the bottom to form for the past year, finally looks like it might be there for a rebound. Price spent past couple weeks building around $.50 and today's boost definitely could have solidified the bottom. I have yet to take this trade, however, since as I've stated in the past, the stock is pretty terrible and the company is in danger of...
*revised trade entry for my last post on TELL: Price finally hit the bottom of the wedge which I'm sure many other TELL traders were waiting for. The thing is though, that the macro story for the core of their business has never been better as demand for natural gas and LNG transfer will only increase as geopolitical tension rises in the Middle East and Russia...
BOIL is preparing to shift out of the range as it Bullishly Diverges on the MACD during its spring and backtest and shifts out of the lower RSI Extremes. We may just get a move to $90 and call it there, but I do think it's possible to see the $150s if this setup truly does result in the absolute bottom.
Looking back into Tell for a long opportunity that I believe I entered at $1.20. If you've ben following TELL for the past couple years, you'd know it as an excellent trading stock due to volatility. You also may know that They've been struggling to find an equity partner for financing their newest LNG terminal (Driftwood, in Louisiana; $14.5b cost), which,...
support and resistance guide natural gas DXY gold silver forecast DAILY UPTREND CONFRIM
Cheniere Energy presently testing channel resistance, able to absorb weekly buying pressures. From here, (LNG) can fall back to channel support, eliciting losses of 15% over the following 2-3 months. Inversely, a weekly settlement above channel resistance would elicit a buy signal where gains of 10% would be expected within 1-2 months, and gains of 20% would be...
In mid June, I had made a call that Natural Gas was about to rally, because price action and timing supported a move upwards. Natural Gas - The Girl Who Hopes You Remember Her But that call became abandoned as I enlightened and improved further, and began to note that rallies were sold off and lows kept being taken. The trade degenerated into looking at a...