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Natgas

NatGas NG1! - Further Decline Ahead, P5 Possibly ReachedAllen Andrews gave us great rules. The P5 rule is one of them. As we see in the chart, P5 could be reached. What does this mean? It's an indication that price is at it's peak and a potential turn is ahead. Furthermore we have reached the center-line, where a) price will beak through, revisit and continues or b) price will turn and trade to the opposite direction, which would be far below at the L-MLH (the lower parallel). I like to wait for some kind of confirmation. One of these I have in my arsenal is the break of previous lower highs. You can see the short line in the chart, where I would start to take action. So, we have another LT chart to observe. Keep it in your watch list - it could be an epic play.
NYMEX:NG1!Short
by Tr8dingN3rd
2
Jun 14, 22 NG - Nice ProfitsHope all profited in that last huge drop today. Price action didn't hit 9 like I wanted, so I got in a little late, but still got in at 8.2 and got out at 7.2 for a very nice 1000 point profit in a couple hours!! NICE! With the hot weather across the U.S. and the LNG terminal damaged, I'm expecting price to go back up - not sure how high, but I put in a Buy Order at 7.5 expecting it to go to at least 8, but I'm hoping 8.2 Stay safe and congrats to all who made some serious money!! :-) Heiko
NYMEX:NG1!Long
by HEIKOTradingSystem
12
US Natural Gas Had Its Worst Day Since 2018: RSI falls Below 50US natural gas prices posted their worst daily performance since mid-November 2018 today, plummeting 17% to $7.2/MMBtu, as of writing, after Freeport LNG announced early Tuesday morning that it does not expect the export facility to resume full plant operations until late 2022 due to the explosion occurred on June 8. The Freeport LNG facility has a production of 2 billion cubic feet per day, or around 16% of US LNG export capability, and has been operating at near full capacity in recent months. The disruption at one of the largest US liquefied natural gas export terminals will put a severe upward pressure on European gas prices ( Dutch TTF ), which have been falling in recent months as Europe has significantly increased its liquified natural gas imports from the United States. Technically, US natural gas prices are now testing the 2022 bullish trendline, with the momentum indicator (14-day RSI) dropping to 38, the lowest level since the start of the year. A breach below the psychological threshold of $7/MMBtu would open the door for a bearish assault to the nearest support in the 6.50 zone (lows of April 25 and May 10).
CAPITALCOM:NATURALGAS
by Capitalcom
3
Jun 8, 22 NG WINNERS - Nice Profits for allWOW!! What a crazy ride eh this past week?? I put my initial order in and I was correct that price action dropped, but not low enough - I had my TP set at 8. Then price went skyrocketing up so I put another Sell order in at 9 and moved my TP to 8.2 And just in the last 45 minutes or so, price action hit my TP at 8.2 and I made out with some NICE profits, one order at 800 points profit and the other order at 500 points!! All in a weeks work :-) Congrats to all who traded the same - enjoy your profits!! Heiko
NYMEX:NG1!Short
by HEIKOTradingSystem
10
Jun 3,22 NG Sell Again if it hits 9?I thought price action would fall all the way down to 8, but it didnt. It came down to just under 8.2. Congrats to all who took your profits then!! I was out at the time so I missed the price change back up. Now that price is basically back where I started, it might try to touch 9 again which is where I will put in another sell order. I moved my TP to 8.2 as that is the new support level. This might now happen till next week sometime. Stay safe. Heiko
NYMEX:NG1!Short
by HEIKOTradingSystem
10
EQT Flare-Off Top Somebody tell Toby Rice Sell Them SharesWhat Is Tragedy of the Commons? The tragedy of the commons is an economics problem in which every individual has an incentive to consume a resource, but at the expense of every other individual—with no way to exclude anyone from consuming. Initially it was formulated by asking what would happen if every shepherd, acting in their own self-interest, allowed their flock to graze on the common field. If everybody does act in their apparent own best interest, it results in harmful over-consumption (all the grass is eaten, to the detriment of everyone) Popular support for alternative energy has been very high for years. But it harms corporate profits. The top is near for the fossil fuel energy mini-cycle, demand destruction will be the narrative this summer
NYSE:EQTShort
by noam_chom
NatGas: LowIt hit the floor (it hit the floor) Next thing you know NatGas got low, low, low, low, low, low, low, low Okay, these aren’t exactly the lyrics of Flo Rida’s “Low”, but they are fitting, nonetheless, for we expect NatGas to move further downwards below the support at $7.524. Just before the next support at $6.466, though, NatGas should turn around and head upwards, crossing $7.524 and even the resistance at $9.60. However, there is a 38% chance that NatGas doesn’t listen to Flo Rida’s song. Instead, it could climb directly above the resistance at $9.60 and subsequently rise into the blue zone between $11.298 and $12.116.
NYMEX:NG1!
by MarketIntel
Elliott Wave Analysis: Natural Gas Confirms Temporary TopHello traders and investors, today we will talk about Natural Gas in which we can see sharp and impulsive decline from the highs, which in Elliott wave theory suggests and confirms temporary top in place. From Elliott Wave perspective we can clearly see a completed five-wave bullish cycle within 5th wave at projected 9.0 level. In Elliott waves, after every five waves, we can expect a three-wave A-B-C reversal, so with current five-wave drop from the highs, seems like Natgas is now slowing down within a higher degree (A)-(B)-(C) correction. Well, wave (A) seems to be completed now, so we may now see a three-wave A-B-C corrective rally in wave (B) that can retest 7-8 resistance area and form a nice Head&Shoulders pattern before we will see another sell-off for wave (C). Happy trading! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
NYMEX:NG1!
by ew-forecast
3
💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support 5.194, resumption of uptrend is expected. We make sure when the resistance at 8.176 breaks. If the support at 5.194 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI support #1 at 43 is not broken, the probability of price decrease would be too low. A trough is formed in daily chart at 6.485 on 04/25/2022, so more gains to resistance(s) 7.458 and maximum to Major Resistance (8.176) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 61. Supports and Resistances: 8.827 8.176 7.458 6.520 5.835 5.194 ❤️ 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 / Crypto 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 ❤️
CAPITALCOM:NATURALGASLong
by ForecastCity_World
7
💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support 5.194, resumption of uptrend is expected. We make sure when the resistance at 8.176 breaks. If the support at 5.194 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI support #1 at 43 is not broken, the probability of price decrease would be too low. A trough is formed in daily chart at 6.485 on 04/25/2022, so more gains to resistance(s) 7.458 and maximum to Major Resistance (8.176) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 61. Supports and Resistances: 8.827 8.176 7.458 6.520 5.835 5.194 ❤️ 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 / Crypto 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 ❤️
CAPITALCOM:NATURALGASLong
by ForecastCity
2