Sep 2,22-NG consolidating around 9?Not sure what's going to happen next week. There seems to be some consolidating around 9 the last few days with today also looking that way.
If I get cold feet, before days end today I might close my 9.5 order with about a 500 point profit. If price action breaks 9, I will keep my order to see how NG opens Sun night.
Stay safe.
HEIKO
Natgas
WTI Crude Oil - Running and GunningAll of the fundamentals in the world tell everyone that because of mankind's insatiable requirement for oil to fuel its transportation network and electricity generation, supply and demand should result in a new all time high.
This is correct.
However, before this happens, the condition to be cleared first is that many unpleasant things will happen in the market and in the world.
Oil is about to take bulls and bears both for a ride with a run to $108~. The bears will say it shouldn't be happening, while the bulls will say that of course, oil is heading to $180, $350! and nobody can stop it.
After it takes a few heads it will begin to seek for new lows. $86 is the first stop. When I initially began to foresee this move in the last two months, I had assumed that this would come faster. However, with lows at $90, $93, and $92 in recent weeks, and the huge amount of volume being sold between $100 and $125, $86 is bound to be merely the first stop.
$80 will come next. It may come after some more chop and bucking, and it may just be bearish and run straight towards $74.
Be forewarned, before you mortgage grandma's couch to take a leveraged long on the nearest discount brokerage, numbers like $60 are probably enroute before we see any kind of bull activity.
But after everyone has capitulated, watch out. Oil is going to be expensive. Gasoline is going to be unaffordable. And the western Communist Party that runs our governments is going to install lockdown fuel rationing (Don't believe? Google: Sri Lanka QR Code Fuel Rationing, Ireland Oil Shortage Wargame).
Frankly speaking, I see Natural Gas hurting everyone's feelings under $5 before it turns around and runs to $18 near the end of the year. Never forget how cheap natural gas is is in North America and how expensive it currently is in Europe.
Going short at $108 with a stop of $111 and a target of $86 gives you an RR of 7.77. The perfect kind of number for cowboys, who love casinos.
What I want to tell you with this trade call is that when oil is dumping and everything seems hopeless, people who are good at detecting opportunities will realize they can find a glimmer of yield by investing in energy companies.
However.
And this is a big however.
You'll have to find energy companies who do not have links to China and the Chinese Communist Party. Those companies will be wiped out as the CCP is embroiled in scandals and targeted by the International Rules Based Order as the western regime makes a powerplay to depose and/or cuckold Xi Jinping in the coming months.
What I also want to tell you with this call is that the Party is over in this world, and it isn't coming back. This old paradigm you are used to of mashing the buy button in huge sizes of risk on anything listed on Nasdaq and making all time high after all time high before going and getting wasted at the bar every night and hiring call girls is over.
It's over, and it's never coming back. It's time to sober up. Now.
This new paradigm is a bear market. Have you traded a bear market before? Have you traded a choppy market before? A seek and destroy market before?
These types of markets are nothing like how getting long on the S&P and the Nasdaq have been. You will buy a dip and it will keep dipping and not come back. You will short a bump and it will be green for a day and then you'll get margin called in the morning and have to tell your wife you lost the last of your rice money.
For many, it would be better if you withdrew your coins, bought some gold , bought your wife something nice, and started to prepare to practice cultivation and return to tradition.
"What goes up, must come down" is a fundamental law of the Universe and part of how matter moves. Failing to respect it is the same as failing to respect an oncoming train.
Natural Gas (NATGASUSD): Waiting For Breakout 💨
A lot of questions about Natural Gas:
The price is currently coiling around 8.8 - 9.65 resistance.
I am patiently waiting for its bullish breakout.
I believe that a weekly candle close above that structure will trigger a strong trend following move.
Only after the confirmed breakout, I will consider buying.
For now, be patient.
The market may be stuck around the underlined levels for a long time.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Natural Gas already priced in ? I always think it's great to look at the screen in the evening until you notice the patterns.
In this example, however, I find this not so uninteresting, as gas prices will also fall due to the rising dollar.
Perhaps a brief cooling of inflation.
Definitely not an easy topic.
Your opinions?
Aug 21,22 NG back up to 9.5?I know I know, I totally screwed the pooch on my last call.....totally incorrect. I lost some money - hopefully you didn't. Onwards and upwards.
I was on vacation for 3 weeks in the US for some downtime. Now I'm back.
I'm thinking price will go back up a bit, I will wait then for a pullback and go short.
Heiko
Natural GasHold the level and play the range, up to the res and retest trend line ...bull divergence on D-RSI and Elder
NATGAS MKT UPDATE: 1st TP HIT +50% CONGRATS TRADERS (UPDATED)Why get subbed to to me on Tradingview?
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NATGAS MKT UPDATE: 1st TP HIT +50% CONGRATS TRADERS (UPDATED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
TP1 Hit +50% gains click play to recap original trade
setup posted on June 30th 2022.
NATGAS WK: 250%+ gains BEST level to BUY/HOLD (SL/TP)(SWING)
🔸 Summary and potential trade setup
::: NATGAS weekly price chart review
::: chart looks strong / favors BULLS
::: natural gas STRONG BULL MARKET
::: 200% upside from current level
::: massive breakout in progress
::: expanding triangle bottom formation
::: we just got a clean breakout of the pattern
::: best strategy: BUY DIPS / ACCUMULATE DIPS
::: best reload BULLS: 4.50-5.50 USD range
::: TP bulls is 250% gains final TP 14-15 USD
::: we are currently entering commodities super cycle
::: prices are set to increase 100-300% over next 24 months
::: speculative setup always do your own due dill
::: fresh liquidity will be targeted by BULLS
::: BUY/HOLD setup do not expect miracle/fast gains
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/SUPERCYCLE
::: Sentiment outlook short-term: BEARS/PULLBACK
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
BOIL: Rally into Year-EndFirst time creating my own chart.
Boil looks to be forming a cup & handle pattern if you ask me. I expect the down trend to continue for week or 2, but rally into the fall and summer looks like a good risk/reward set-up.
Hope to get some good feedback!
Let me know what you think!
Natural Gas, Cup & Handle or RSI Bearish DivergenceAt this point I am not sure what is going on with this chart...
One thing is obvious... there are some big entities behind these massive moves, it is most likely governments or big funds like BlackRock or alike. Retails are getting crushed on this ticker!
On one hand there is demand for winter, and on the other hand the supplies are getting filled for THIS winter in Europe.
If you plan for trading this ticker, be extra cautious.
I am sure that in the long run, we will go sub $6 ... but the timing is not so obvious.
NatGas: Energizer Bunny 🐰🔋🔋A certain fondness for pink is not the only thing, NatGas and the marketing mascot have in common. Both, NatGas and the mechanical toy rabbit, are also full of energy. NatGas has steadily been climbing upwards from the pink zone between $7.435 and $8.320 and has already finished wave (i) as well as wave (ii) in turquoise. Now, we expect it to rise above the resistance at $9.600, heading for the turquoise zone between $10.796 and $11.327 to complete wave (iii) in turquoise. There remains a 35% chance, though, that NatGas could lose steam and could decide to make a detour below the support at $6.898 first before resuming the ascent.
NATURAL GAS testing the 1D MA50 support.It has been almost 1.5 month since we last updated our Natural Gas (NG) thesis:
As you see the symmetry within this long-term Bullish Megaphone worked perfectly and our sell hit the 1D MA200 (orange trend-line) - 1D MA300 (green trend-line) Support Zone and rebounded. If you took that last buy and you haven't booked profits already, it may be a good time to do so if the current Support on the 1D MA50 (blue trend-line) breaks. The reason is the Double Top formation created on the July 26 rejection. If the 1D MA50 breaks, target again the 1D MA200 at least. This long-term pattern has been very consistent and there seems to be no reason to change that until it breaks either direction.
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$NGAS: Natural gas can go 90% higher from hereIt's clear Nat Gas can gain traction fast here, I'm long since yesterday, via $UNG shares. Looking to add an options position here, since weekly charts are now bullish, I pre-emptively took a trade based on a daily signal, speculating on the weekly and eventually monthly kicking off. I commented about it in the Key Hidden Levels chatroom here and offered it to my clients as a signal as well.
With last night's shelling of a nuclear plant, escalation seemed likely, and the next step could be to enact sanctions on natural gas exports, which could deal a blow to supply and create a dramatic move to the upside as a side effect. Fundamentals aside, reward to risk and probability are on our side, so it's a good idea to get some decent exposure here.
Cheers,
Ivan Labrie.
Tourmaline Oil - Beauty to Beast and Beast to BeautyTourmaline's pullback from it's $80 all time high and its bounce off the previous all time high is simply not deep enough, as evidenced by today's stop run over the June monthly close, which also produced one of those very credible "head and shoulders" patterns, on the back of the maniacs in the Natural Gas market running a monster short squeeze that ruined a lot of Q2s for "hedge funds."
WTI and NatGas are going to dump. Stocks are going to dump. It's not going to be a very pleasant period of time. But, natural gas and oil are something that the ruling regime cannot do without, because transportation and electricity rely entire upon them.
Oil is going to set a new all time high, and so is natural gas. They will do it at the same time, as the middle class is already experiencing maximum pain. This will give the central banks the handle they need to increasingly tighten, in addition to giving the Marxist-Leninist globalists a pretext to install social credit digital identification for the sake of fuel rationing.
Don't believe? Google Sri Lanka fuel rationing QR code & Ireland oil shortage war game.
Anyway, for Tourmaline, this Alberta gem is apt to give you a fine buying opportunity as commodities dump and the stock market crashes under $55 and $50. The target is simply $100+. With stops below the July 2021 highs of $35, you get an RR of 4.
Oil and natural gas, when they bounce, should be painfully brutal to bears. The situation should go parabolic, but it won't go all that high, and it won't go for all that long.
Think about what gold did when it set a new all time high, but faster, and for less time.
After the Party is over, the lights turn on and the music stops. Everyone will find a lot of vomit and trash to clean up, and it won't feel so fun and you won't feel so good with all that hangover and tab to pay, so make sure you sell your portfolio at the highs and buy your family something nice.
The best thing you can do is capitalize on your investment, put your wealth into something classical like gems, silver, gold, and prepare to return to tradition and prepare to cultivate yourselves.
Natural Gas NATGAS wave C is pending - Elliot Wave AnalysisNatural Gas NATGAS wave C is pending - Elliot Wave Analysis