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Natgas

NATGAS On The Rise! BUY! My dear subscribers , NATGAS looks like it will make a good move, and here are the details: The price is coiling around a solid key level - 2.047 Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Goal - 2.206 Recommended Stop Loss - 1.960 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
PEPPERSTONE:NATGASLong
by AnabelSignals
6
Understanding NATGAS MarketsHey Traders, Loads of traders keep asking me privately and on my streams about this asset. The reason why people are interested in it is purely because they want the thrill and the chase. You can see the start of the enormous explosion came because of news sentiment and shortages of gas due to the ongoing war. That means the price goes up due to demand and diminished supply. However, naturally, with any market that ends and you get an enormous fall much like you saw with the USDJPY and other assets like gold. After large moves up comes large moves down. And in future, again, large moves up. But the question of 'When' is what makes people excited. If you are Trading due to excitement, stop. It will crush you. You need to take logical decision based on the value of the asset and continuous gains. If you are trying to buy so you can catch an ultimate rise despite market sentiment you are trading for excitement, because you don't know when sentiment will be extreme enough to get sufficient gains on a move up. The price, technically, is low like it was before and somewhat constitutes only light entries to the long side with early exits based on previous minor PA. But do not trade this for a 'big win'. Trade assets with tonnes of price data that is concrete. Mostly NATGAS flies when there is some sort of crisis which are not all too frequent (see 2000, 2008). Trade safe and Trade small. Do not load in there is STILL a chance you can go further.
PEPPERSTONE:NATGAS
by WillSebastian
WTI Crude - Step 1) $88 --> Step 2) $58.When it comes to oil, it was supposed to do the super moon back to $120 thing when Xi Jinping and his Chinese Communist Party finally stopped welding people in their homes and going full blown technocratic social credit while humans tried to "fight" Wuhan Pneumonia (COVID-19), but for one reason or another, the pump never got off the ground. Probably because a whole lot more than the 87,468 people Xi and his CCP claim to have died from the disease are actually dead, and so demand is just legit in the toilet and industry can't get going, because China has big time problems stemming from its 23-year-long persecution of Falun Gong, which includes the unprecedented crime of live organ harvesting (they've done it to Uyghurs too), and the Party's outright fetish for human rights, freedom of speech, and freedom of belief abuses. Being bullish on "China" is a totally separate thing from being bullish on "the Chinese Communist Party." One is extremely wise, while the other is totally moronic. Totalitarian regimes never last a long time, and the Party has already had more than a century. Clinging to Marxism is like clinging to the Titanic when it's 5/6ths of the way under the water. When it comes to WTI oil, both the fundamentals and the price action are strange. This is a commodity that you don't want to be very bearish on after it traded at literally $0 during 2020's western COVID pseudopandemic theatre hysterics. Yet, while oil also isn't liking to go down, it isn't liking to go up. In October, I had a pretty accurate call that WTI would plink the $70 range. WTI Crude Oil / CL1 - Accumulation Before Global Conflict And a pretty good call in September too when everyone was convinced oil could never trade low again WTI Crude / CL - An Intervention: Saving Blind Bulls But the ultimate endgame of the calls, $50, has not manifested. It seems as if perhaps these prices won't manifest, and it's almost time for the uppy. There's some problems with this narrative, however. The key factor is that the United States and its vassal states (including Canada) are the world's largest producers of oil, by far. Russia and OPEC combined are really the only challengers, but the US has the advantage in that you need the USD to buy oil, and so ultimately the Biden Administration is the legit market maker. The problem with the bull thesis is that the SPR was filled at $29.70 over the years while Biden and friends sold half of it off in the $80s and $90s. This inherently tells you not that they're trying to destroy themselves, but just that they're short on crude oil. The news in December, right after oil wicked the $70 mark, was that the Biden Admin was buying it all back . But then in January, the tune changed as the US Government said "The bids didn't come in low enough, so we haven't bought yet." Media says they want to buy around $70. And this brings us to our very strange price action in WTI. Crude has a gap at $85-86 and combines with a Dec. 1 pivot around $83, while recent trading activity was a triple top of successive lows at $82~. Then we dumped to $72, but did not make a new low, and have since bounced back to $80. All of this combines to give us no reason to believe that a hybrid short-killer/breakout trader-crusher play is not about to be made around the $88 level. This gives us 10% to the upside, which is really quite nice to work with when WTI trades 1,000 barrel lots and you also have access to the leveraged ETFs like UCO and SCO. But the bottom is not in. Look at the weekly candles. Oil just hasn't retested the long-term trendline from late 2021, and in combination with the US Government having been unwilling to refill the SPR at $75+, should give you all the reason in the world to be extra cautious with going long as more than a scalp. Under $60 **combining** with media chatter that Democrats are refilling the SPR is where you want to go long. And if you do it right, you'll get the bottom for what will quickly turn into $180. 2023 is going to be a wild year starting in July. If humanity makes it to 2024, it will be even more of a ride. TL;DR: Long to $88 --> Short to $55, and start treating Bloomberg's Javier Blass like Jim Cramer. Trade against the narrative. Be patient. It's too early for the next moon, yet $120 in '22 was no top. This should combine with natural gas being on the cusp of pumping: Natural Gas? More Like Natural Go. 4-Handle Coming Be careful, and trade safe.
NYMEX:CL1!Long
by LordWrymouth
6
Apr 10,23-NG-Finally hit bottom?Some decent gains today...Finally!! So have we finally hit a bottom? Back in Mid to late Feb price bounced off the 2 mark...so it looks like 2 is a very strong bottom. Or are we just going to go sideways now for a while? No bloody idea! But at least we have some gains today...could be a good week...or could just be sideways week - keep your eye on it. Lots of financial activity this week from the Fed etc so markets could change instantly. Trade safe and stay safe! Heiko
NYMEX:NG1!Long
by HEIKOTradingSystem
11
NAT GAS LONG. The lows are LIKELY in for Nat GasNat Gas is probably THE most hated commodity now. Its reached MAJOR Horizontal Support, and 2 CONVERGING Trendline supports. ALL 3 are Converging at $2 level. Expect a bounce to 1st Target at recent highs $3 with Ultimate Target price at upper end of falling trend channel ~$3.55. Historical average Price of Nat Gas is $4 since 1990 with $1.62 - $2.00 range acting as MAJOR Support Zone for the last 35 YEARS. Current price is also at the BOTTOM of the recent trading range and price appears to be forming a Wyckoff ACCUMULATION. LONG Nat Gas at $2.01 and anything <$2.01. SL = CLOSING PRICE < $1.44. Reward:Risk = 1.75:1 at $3.00 target price and 2.7:1 at $3.55 Target Price Trade what you see.
NYMEX:NG1!Long
by eganon69
3
Natural Gas: Commodity DivergencesThe correlation between DBC (orange line) and Nat Gas is strong. However, Nat Gas gas does have price history where it diverges, leads & lags the average DBC price action. The white arrows on the screen display the periods where Nat Gas And DBC (in orange) diverge. Some of the divergences have lead to steep pops & drops of mean reversion. What were seeing now is a massive divergence of about -33%, Nat gas has crashed and is the number one underperforming commodity in this basket. Nat gas has retraced back to the Pre Covid low levels. Looking at the DBC ETF its about 33% off the Pre Covid Lows. Over history the correlation usually tightens up and it has a long way to go to close the gap divergence. This presents one of 3 scenarios.. 1. Other commodities in the basket collapse 2. Natural Gas Rallies 3. Both options (Our Base Case)
NLong
by Trading-Capital
Natural Gas and the Dangers of Swing Trading Leveraged ETFsThinking that the war in Ukraine would cause the price of natural gas to surge higher over the winter, many traders got stuck on the wrong side of a trade. Natural gas futures have plunged more than 90% over the winter. In this video, I explain that regression analysis was warning that a significant price decline was imminent in late 2022, and I explain that it is now suggesting that a bounce in natural gas prices may soon occur. This video also explains the pitfalls that many novice traders experience when trying to swing trading leveraged ETFs that employ derivatives and which undergo volatility drag over time. Here is the link to the risk-reward / win-ratio spreadsheet that is referenced in the video. docs.google.com Shared with permission from @HeWhoMustNotBeNamed Note for stats nerds: The log-linear regression channel indicator does not give negative numbers for the Pearson correlation coefficient (r). The indicator gives the absolute value of the Pearson correlation coefficient |r|. So if the correlation is strongly negative or strongly positive, it will appear near 1 in both cases. Important Disclaimer Nothing in this post should be considered financial advice. Trading and investing always involve risks and one should carefully review all such risks before making a trade or investment decision. Do not buy or sell any security based on anything in this post. Please consult with a financial advisor before making any financial decisions. This post is for educational purposes only.
AMEX:BOIL
by SpyMasterTrades
54