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Natgas

Mar 31, 22 NG Pyramid Sell OrderEven though Oil is coming down quite a bit, NG is going up instead. I can only guess at the reason, but I have put in another Sell Order at 5.750 in hopes that this is just a pullback and Price Action will come down tomorrow and next week. Weather wise it is certainly warm across the U.S. so it's probably the war. Anyway, price is inflated beyond what's reasonable - not that reasonable come into play when trading :-) Anyway - we shall see what happens. Just saw a follower ask so I will say here even though it's not on my chart - my SL is at 6 Stay safe. Heiko
NYMEX:NG1!Short
by HEIKOTradingSystem
10
Mar 27, 22 NG going to fall or not?I drew some Support lines as NG went up over the last week...question is now, will NG keep going up or will it finally reverse and 5.55 becomes a new Resistance area? Guess we shall see. In case price action comes crashing down through my Alligator over the next few hours, or overnight tonight, I have put in a Sell order at 5.5 which will be under the green line but probably not the red line - not an ideal trade, but it might work. lol All depends on price action. Anyway, will keep you updated. I'm also looking at Wheat, Corn and Soybeans at the opening bell at 8pm EST to see what happens. Soybeans is almost at Resistance, so if it goes up a bit more, I'll probably put in a Sell order to ride price action back down to Support this week. Stay safe. Heiko
NYMEX:NG1!Short
by HEIKOTradingSystem
23
NatGas: Like a Balloon🎈Like a balloon, NatGas is floating further and further upwards from the support at $3.536. Although every now and then, there may be some gusts of wind temporarily disrupting the upwards surge, we expect that NatGas’s general tendency is to rise higher. However, as it is usually the case with balloons, they can lose air or burst. Accordingly, there is still a 45% chance that NatGas could fall below $3.536 and make a detour through the magenta zone between $3.360 and $1.994 before flying upwards again.
NYMEX:NG1!Long
by MarketIntel
NG Sideways ZoneAfter a significant rise as a result of war, price has approached to the resistance level at 5.000 which has pushed the price for several times in the past. Currently, price is bouncing between the red resistance level at 5.000 and the yellow support zone around 4.800 which is a sideways area. We should wait for the breakout on the resistance or support level first, then in the case of a candle closure above or below the broken level, we can expect a move towards the target.
N
by Mahtab_Tradia
6
NATURAL GAS LONGS 📉📉📉📉 Expecting bullish price action on NATURAL GAS from a medium-long term perspective as we are in a HTF BULLISH MARKET STRUCUTRE, price kept the 4.5 psychological barrier without breaking it to the downside, we have bearish imbalances somwhere around 5.0 that should magnetize price back there, Market Seasonality is very bullish on chart as we have a BULLISH CYLCE + the fundamental context makes me thing we will go higher. I think in the next 2-3monts we will have a huge problem with supply/demand because Russia advised European Union of higher prices on GAS. What do you think ? Comment below...
NLong
by AnonimFXRO
Mar 16, 22 Natural Gas Take ProfitPut that Buy Order in at the beginning of the week at 4.5 wanting price to head up to 5. Not sure what's going to happen. News is so mixed with the war going on - so I decided to take my profit at 4.650 so not a huge gain, but at least something good. With the Fed popping interest rates up this afternoon, I have no idea where NG is going to go - didn't want to take a chance. I will see what happens this afternoon and maybe get back into a trade then. Stay safe. Heiko
NYMEX:NG1!Long
by HEIKOTradingSystem
4
NATGAS - Has it stopped? Let's see how NATGAS is behaving. This is a 1D chart. (Long Term) Any news on how the US will get a new connection as a replacement of Russia can affect the prices and cause significant changes. However, while nothing special is going on and the market is on its sideway moves, these three levels are the key areas for now. Fib Retracement levels show two support areas and two resistance areas on the way up. Right now, the price is sitting on local support. Support levels: $3.85 - $4.52 Resistance Area: $5.17 Bollinger Bands can work as support and resistance too. Here is an example: The resistance level pushes down on value, and two support levels hold the price high and show strength. The higher band can work as resistance. The Middle Bollinger Band can push down the value, and the Lower band pushes the price up. If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point. The RSI shows that NATGAS is above the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $4.66 Let me know your ideas. Good luck.
SKILLING:NATGAS
by ShawnMCR
1
Mar 13, 22 NG Which way will this week?So last week NG went from around 5.1 down to 4.5 and closed out the week at around 4.7. This makes it hard to say if price will drop back to 4.5 or if it will rise up to over 5 with what's going on in the world. I think I will play this week like this - if price action comes down to 4.5 by Wed, put in a Buy Order there expecting price to go up into next week. Set my TP at 5.1, maybe 5.4 depending on strength of price action. If price goes up right away to 5ish, then I have no idea what I will do - Will it keep going up to 5.5? Or will it just come back down as the week progresses to 4.5? Let me know your thoughts. Stay safe. Heiko
NYMEX:NG1!
by HEIKOTradingSystem
4
NatGas: Ants in Its Pants 🐜🐜🐜NatGas seems to have ants in its pants, seeing that it has been fidgeting above the orange zone between $3.982 and $4.464 during the last weeks. As it has botched its first attempt to move upwards after finishing wave 2 in green, we expect NatGas to try for a second time. It should then rise into the green zone between $5.856 and $6.214 to complete wave 3 in green. After a moderate correction in wave 4 in green, NatGas should resume the ascent and climb above the resistance at $6.466. If its antics have sapped NatGas’s energy too much, though, there is a 40% chance that it could drop below $3.536.
NYMEX:NG1!Long
by MarketIntel
1