US NatGas Hits Trendline - Fundamentals Likely to Buoy Prices US natural gas futures (Henry Hub) are under pressure following a sharp surge higher, pinging former trendline support before easing. Prices may remain elevated, given colder-than-average temps expected to last through next week from the Ohio Valley to the Southeast US. Meanwhile, Europe continues to source a high amount of US LNG cargoes amid a supply crunch and looming Ukraine/Russia tensions. Volatility is likely to continue in the short term.
Natgas
Natural Gas: Ready for a new uptrendAfter a correction of -45%, the uptrend resumes in the weekly support level. We bought it at $2 and we've been adding more positions ever since. The energy crisis in Europe is increasing as countries are moving to renewable energies. Germany and Belgium are closing nuclear reactors so we expect issues in terms of demand and supply, and the increasing inflation as well, that is moving the prices higher in commodities.
BOOOOOM. $BOIL hit target today for 62.89% in 29 daysBOOOOOM. $BOIL hit target today for 62.89% in 29 days
I’m just noticing now because it closed in premarket and I was so captivated by SPY today…
62.89% in 29 days!!! This is why I love trading NatGas!!!
Still looks bullish with a possible Golden Cross incoming so if you’re still in good luck…
I'm out... Until next time, BOIL
-----
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled (most of the time)
(Support=Green, Resistance=Red, Trendlines=Blue) Fib will be labeled if any and their colors will vary.)
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
$NATURAL GAS $UNG natural gas elliot waves + TL's plan in play. energy is dominating the mktplace and natty has been mostly overlooked
Natural Gas - Potential Path for next week? As we know, NATGAS is a beast with it's own mind and often technicals fail to support it's move, but here's one anyway!
As you can see there's a descending flag that has been accumulating and I've used a fib extension to determine it's next target.
It's severely oversold on the hourly and the 4hr charts, due to I'm sure the profit ejections from the previous run.
The most recent reports aren't that bearish IMO and I can see this easily taking flight again soon.
Natural Gas (NATGASUSD): Catching a Pullback 💨
Natural gas dropped to a major key weekly structure support.
The underlined structure matches perfectly with 618 retracement of the major bullish impulse giving us a confluence zone.
On that, the price formed a double bottom formation on a daily time frame.
The neckline breakout confirms a coming bullish rally.
Goals:
4.75
5.45
6.2
❤️Please, support this idea with like and comment!❤️
NATURAL GAS Long Setup! Buy!
Hello,Traders!
NATURAL GAS broke a key level
While trading in an uptrend
And is now retesting the key level
Which now acts as a support
The area between the rising support
And the horizontal key level
Is now a demand area so I think
That after the proper retest
The price will go up from this area
To retest the resistance above again
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
FIngerprints of the Past Point to an Uncertain FutureWhat can the past teach us about the present, furture?
What do Energy, Interest Rates, and Volatility have in common? Perhaps more than meets the eye.
One could surmise this has been ongoing since 2000, one could argue since the 80's. Cycles repeat, can gets kicked.....until we run out of kicks, then the roosters come home to roost, (and they do occasionally need to come home.
My eyes are on Q2. Tightrope between now and then. Black swans (Russia/Ukraine, Inflation, Tightening and Interest Rate provide the catalyst.
Not financial Advice.
$BOIL Target 39.24 $BOIL Target 39.24
Alright… moment of truth, haha… will BOIL bounce up off of the red 35EMA and hit target.
I was tempted to take profits yesterday but I did not… so let’s go…
——————
I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
NATGAS looking up 🦐NATGAS on the 4h chart tested a few times the bottom structure.
The price is now moving to the resistance structure and according to Plancton's strategy IF the market will break above and satisfy the Academy rules we will set a nice long order.
-----
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Well this interesting...Certain geopolitical events, rising prices in Europe and cold snaps across North America seem to be pushing Natural Gas higher. It's broken a key overhead resistance but upside will be limited. You can see some of the previous support lines which do correspond rather nicely with the last move downwards. This is strictly a short-term play unless other resistances and a falling dollar pickup pace.
NatGas: Take out your gloves!NatGas is slowly leaving the warm realms of the south behind, aiming for the resistance line at $4.825. Once there, we expect it to rise even further north.
However, we also see a 42% chance that the price could decide to soak in some more warmth and go below the support line at $3.396.
NATURAL GAS - Time to Pipeline a Short Position!Natural gas prices have soared in Europe in the past year, adding to inflationary pressure and threatening to dent consumer confidence.
U.S. natural gas is in for another wild year as the insularity that once shielded North American energy consumers from overseas turmoil disintegrates.
Benchmark American gas futures climbed almost 45% in 2021 for the strongest annual performance in half a decade after a deadly freeze that crippled output was followed by summer heatwaves that lifted demand and hindered efforts to stow away supplies for winter.
Bulgaria's energy regulator said on Saturday it has approved a 30.4% increase of the wholesale natural gas price for this month, following a request by Bulgargaz, the Balkan country's main gas provider and public supplier.
These news are what you would call 'Bullish' but we stick to the chart! Price has had such fluctuations before and history is our guide to what might happen next.
In the meantime, Europe Plans to Say Nuclear Power and Natural Gas Are Green Investments (funny) but Spain objects for a variety of reasons
(It makes no sense and it sends the wrong signals for the energy transition of the whole of the EU).
There is off course Russia, Qatar, USA and many new players in this game (especially in the Eastern Mediterranean basin). More supply. more pipelines more funds ready to invest in this? The answer is Yes, to all.
The Nord Stream 2 Russia-to-Germany pipeline could offer plentiful natural gas. But tensions with Vladimir Putin are keeping it out of reach.
And how about China?
Russia’s giant state-owned energy company, is slated to finalize an agreement in 2022 for a second huge natural gas pipeline running from Siberia to China , marking yet another stage in what energy analysts and Western diplomats say is a fast-evolving gas pivot to Asia by Moscow.
They see the pivot as a geopolitical project and one that could mean trouble for Europe.
To cut the long story short: We are going short under the resistance level and obey to our chart!
One Love,
the FXPROFESSOR
NATURAL GAS First Down Then UP! Buy!
Hello,Traders!
NATGAS is trading in a downtrend
And the price is now trading in a bear flag
So I think Gas will fist go down to retest
A support cluster of the rising and horizontal support levels
From where I am expecing a rebound and a move up
With the first target being a resistance above
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!