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Natgas

Natural Gas Forecast: Working Off Selling PressureThe natural gas markets have gone back and forth during the session on Thursday, hanging about the $3.80 level. Over the last year or so, I have been asked to do less analysis on natural gas, but quite frankly my email box has been full of questions as to what is going to happen with natural gas next. Retail traders have no idea, nor do some professional traders for that matter, that this contract is based solely upon the United States, meaning that what is going on in Europe or Asia has very little effect. In fact, the United States only exports 12,000,000,000 ft.³ a year, which seems like a lot but it is not. Currently, Rotterdam gas futures are trading at about nine times what the Henry Hub contract is. That can bring in a little bit of demand but transporting natural gas across the ocean is not easy. Because of this, a lot of retail traders that I have been contacted from have lost a fortune in this contract over the last month or so. It is because they do not understand that they need to pay attention to US weather patterns, and basically ignore what is going on in their own backyard. If you did not know this, do not be ashamed. I have recently had a conversation with somebody who runs a larger commodity fund who had no idea that natural gas contracts were so localized. He trades millions of dollars, which tells you just how uninformed some people can be. That being said, I felt the need to do this video due to the fact that somebody of you have been losing money as you are watching problems with Vladimir Putin delivering gas to the EU, etc. Temperatures in the United States should be much milder than initially thought for most of the winter, meaning that the United States, which is absolutely swimming in natural gas, will continue to see lower pricing. We have recently gapped lower, and I do think that we will try to fill that gap as most futures markets will tend to do. I will be shorting this contract of the first signs of exhaustion near the 200 day EMA which happens to be at the top of the gap, right around $4.16. We have seen the high for the winter, as we are trading the January contract already, meaning that before you know it will be trading springtime contracts.
OANDA:NATGASUSD
by SmoothJB
NATURAL GAS - BEARS followed by BULLSI believe the price is going to fall rapidly this week (Monday 22nd - Friday 26th) and start growing up again on Monday 29th. First of all technically 0,786 resistance survived the friday attack which only confirms the price downtrend. Fundamentals are on the bear side too because temperature in Europe and USA is going to be high this week. Lesser demand and high production of natural gas can send the price right through 4.73 support down to the next support at 3.66. If you want to play safe I recommend exiting the short position at 4.73 support and see how it plays out. Anyways the price fall should create a great opportunity for entering a big long position at 3.66. Its target will greatly depend on weather but I suspect it might rally again to the October 21st maximum of 6.45. Good luck and don't forget to set stop losses to keep your money safe. By the way good idea to decide how much to invest is to decide entry point and stop loss point then decide how much money you are willing to risk and count the position margin according to the stop loss (amount of money you're willing to risk). Oh and this is my first published idea on tradingview so please leave a piece of advice in the comments if you feel like it.
NYMEX:NG1!Short
by Stribogius
NATGAS Bullish Setup! Buy! Hello,Traders! NATGAS has retested a support cluster Formed by the rising support and a horizontal key level I am bullish on Gas overeall, and my bias is supported By the recent bullish breakout from the local falling channel Taking everything into consideration My verdict is that Gas will most likley go up mid-term The target you see on the chart is a good TP level But I also belvie that Gas might go even higher To retest the recent all-time-high Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
NYMEX:NG1!Long
by TopTradingSignals
6
NATURAL GAS The top is in. But how low can it go?Exactly two months ago by making use of Natural Gas' clear long-term cycles, I called for a potential Top of the current Cycle after the formation of a Golden Cross on the 1W time-frame: Even though the price rose a bit more, the peak was made shortly after. This time I am narrowing the horizon to 5-6 years and as you see the Cycle's peak was made exactly on the Higher Highs trend-line that started after the December 2016 High. An important technical development is that the 1W MACD made a Bearish Cross, which when formed on that Higher Highs trend-line, is a Top. Even though on a multi-year basis, the technical outlook has Natural Gas going as low as the Support Zone, on the less long-term, it may follow a consolidation phase as in 2017. A long-term startegy for a cyclical investor would be to sell every rebound as the current one and gain from such swings on a 1-2 year horizon. In 2017/2018 it was only when the 0.618 Fibonacci retracement level broke, that NG broke down towards the Support Zone. So in such strategy long-term traders may resume selling once the current 0.618 Fib breaks (3.374) towards the Support Zone. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
NYMEX:NG1!Short
by TradingShot
4
NATURAL GAS – Week 45 – In the middle of a corrective structure.Expecting 2 scenarios to unfold (blue arrow, orange arrow). Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
NShort
by financialflagship
14
NEW POSITION $UNG looking for 19.34 fro 16.78% (NatGas)NEW POSITION $UNG looking for 19.34 fro 16.78% Started a 1% position here… Looking to either sell at 19.34 Or Double my position at 14.50 Let’s go, NatGas traders… —————— 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. 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!! (\_/) ( •_•) / >🚀
AMEX:UNGLong
by SPYder_QQQueen_Trading
$UNG - Key Levels and Analysis$UNG - Key Levels and Analysis Would love to get one more good natty swing… Sell target 21.28 Or Double target 15.72 —————— 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 due diligence. 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!!
AMEX:UNGLong
by SPYder_QQQueen_Trading