Natgas
✅NATURAL GAS LOCAL SHORT🔥
✅NATGAS broke the local horizontal key level
And is now retesting it form below
I think that a local bearish reaction is possible
Because gas is relatively overbought
So a correction is viewed as healthy
SHORT🔥
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NATGAS, Immediate term trade and trend ranges [12OCT2021]If you check my profile, you will see my views on natgas and this correction.
I will buy the dip incrementally here. butt also beware about the volatility in natgas is high since consensus got hold of it after it hit 6.0.
I do not have enough data to model or forecast natgas price, but following the lines from a disappointingly ending for a show.
Winter is coming
PS. Each box span a day, and the code gives short term and long term trends as shown. the trend is shown with the color of the box. The range is calculated on a daily basis.
If you want similar ranges and trends on your ticker, feel free to contact me, I will add them to my list and provide them when the signal is interesting (for free of course)
Redd
NATURAL GAS – Week 41 – One more bullish push?In our last analysis report, we correctly anticipated the price to enter a consolidation phase
In the coming week, we anticipate one of two scenarios:
1. The trendline will hold and will pump the price to another top.
2. If we break the trendline and consolidate underneath, then we have a chance to go deeper into a medium-term bear market.
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.
My JB 8OC WEEKLY on UNG Nat Gas ETFThank you to those who have responded so kindly and favorably to my postings on the JB 80C indicator that I developed (quite some time ago). The JB 8OC indicator is based on a simple but powerful concept. Specifically, in bull markets no matter what the timeframe, closing prices of a given time bar tend to be higher than opening prices. In a bear market closing prices tend to be lower than opening prices. It's a simple supply and demand relationship. The JB 8OC algorithm takes this relationship into consideration, constructing an indicator to assess the relationship mathematically and visually. As in the case of many indicators, and in fact most indicators, there will be some choppiness but we can eliminate much of that choppiness by adding to the methodology a trigger which will filter out a good percentage of erratic trades. I will show a trigger in later posts if people have an interest in them. If so let me know. Now with regard to timeframe I realize that most traders want to trade very short-term time frames and I have no issue with that but my days of ultra short-term trading are over. I would rather work smart and take my time for bigger moves than work hard for smaller moves. Of course, it's a personal preference. The good news about this indicator is that it's adaptable to all time frames but remember- the bigger the timeframe the more stable the result. Best of trading. Jake RBT (rules based trader)
NatGas: Down Low! 🎺🎺🎺After all the massive bullish runs, the NatGas price needs to cool down a bit. We expect it to fall to $4.758. From there, new surges are to be expected.
Cooling Down!
When Might The Price Of Natural Gas Decompress?Traders that have taken a long position on Natural Gas will have been feeling lighter than air for the better part of 2021. Remarkably, the trading price of Natural Gas has rocketed up 115% since the beginning of the year, outperforming price increases in other commodities currently sitting close to record highs, Oats (up by 63.83% YTD), Copper (up by 19.65% YTD), and steel (up by 38.27% YTD). As of writing, Natural Gas is trading at $5.592 per million British thermal units, a thirteen year high for the commodity.
What Is The Reason For The Meteoric Rise In Natural Gas
An unusually scorching 2021 summer in the US drove demand for air conditioning and Natural Gas beyond normal levels, resulting in a lower stockpile of the commodity for an unusually cold winter. Following this, extreme weather conditions, such as Hurricane Ida, interrupted Natural Gas extraction in the Gulf of Mexico’s most productive zone.
Will The Price Of Natural Gas Recede?
Typically, when the price of a commodity rises, new investment will enter the market to scoop up the high prices. Regarding Natural Gas, the new investment could be from gas companies lifting output at existing gas wells or exploring new wells that will raise production. Counter-productively, the new investment and resulting lift in gas supply would help suppress the price rises in the commodity.
New investment in Natural Gas has stalled as of late. While fossil fuels will still be needed for a long time, so-called ‘Zero Carbon’ policies from governing bodies worldwide are disincentivising Natural Gas exploration. The long-term prospects of Natural Gas wells are less certain and less attractive when contending with the likes of the Biden Administration throwing its full support behind renewable energy sources as the US engages in a wide-scale upgrade to its infrastructure. One project for the Biden Administration is for the US electric grid to be powered by 50% solar within the next thirty years. Achieving this goal would severely squeeze demand for Natural Gas, which, according to the EPA, generated approximately 40% of the country’s electricity in 2020.
Nat gas best entry pointnat gas is in the correction area, sill fundamentally will go upwards.winter is coming
KOLD - I'M BACK. Ok... so I started a 3% position here 😬
Look... I've made so much trading NatGas and lost most of it... LOL... so follow me at your peril... LOL
BUT... I feel that this might be a great place to start a position.
——————
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.
My average is in Grey
Red = Resistance
Green = Support
Blue = trendlines
Have fun, y’all!!
NATURAL GAS – Week 39 – New top ahead?In our last analysis report, we correctly anticipated the price to reach the support area.
In the coming week, we anticipate the price to make a corrective B-wave that has a chance to break the top, depending on the pattern it is forming.
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.
GASX -- Under-the-radar Natural Gas playGASX has been making steady progress on its natural gas claims in Colombia and catalysts are just around the corner. As natural gas prices are exploding worldwide, it is yet to catch up to other plays in the space.
Bullish MACD cross is a technical buy signal. Notable pickup in accumulation. Stock price has moved above key EMAs. Could see a bigger move soon.
NATURAL GASflammable gas, consisting largely of methane and other hydrocarbons, occurring naturally underground (often in association with petroleum) and used as fuel.
Technical analysis update: WTI oil (15th September 2021)USOIL reached our short term price target of 72.50 USD today. We still remain bullish on USOIL. Because of that we would like to set new short term price target for USOIL to 75 USD per barrel. Our medium price target is 77.50 USD and long term price target is 80 USD.
Technical analysis
MACD is very bullish as it performed crossover above 0 points and entered a bullish zone (as we previously predicted). This strongly bolsters bullish case for USOIL. In addition to that RSI and Stochastic are also bullish. However, ADX contains low value suggesting neutral trend is present at the moment. Price of USOIL currently trades too far from its 20-days SMA which raises (immediate/short-term) concerns about retracement towards the SMA. Despite that we continue to be bullish on WTI oil (in big picture) and we expect higher price. Short term support sits around 70.50 USD while medium term support sits around 65 USD. Then major support appears around 61.50 USD and closest resistance at 74.21 USD while major resitance sits at 76.95 USD.
Our prior thoughts from a week ago:
Here we noted that we were closely watching MACD for crossover above 0 points. We also noted that we were looking for breakout above short term resistance.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Energy flashing a buy signal (Technical Analysis)AMEX:XLE
NYMEX:CL1!
NYSE:XOM NYSE:AMPY
Energy stocks, crude oil, and the XLE energy ETF all flashing buy signals. $100 oil looks invitable.
From failed moves come fast moves, and oil/energy stocks failed an attempted breakdown below the neckline.
A few favorite long ideas: $LPI, $AMPY, $XLE, CL1 (futures), $XOM
NAT GAS - INTO SHORT TRENDHello trading friends,
Depending on the last chart study for NAT GAS - it looks we are entering a new breakdown trend.
This could be a start trend for further breakdown trend for NAT GAS.
Have a great day.
NatGas: Enough is Enough! 🔥🔥🔥The NatGas price has been surging over the last couple of months and we expect it to slow down soon. Here, we expect the correction to stretch until $4.157 before prices start to explode again.
Go Bears!
NATURAL GAS - Time to Loose some Steam ?Has been an Epic run for Natural Gas but we have come to resistance.
the price will most likely need to take a small break... unless it's willing to go much higher.
At this stage we are cashing out some profits and strengthening our short positions.
NATURAL GAS – Week 37 – Strong bullish momentum.In our last analysis report, we correctly forecasted the price to reach the $5 daily resistance.
In the coming week, we expect the price to start a correction, but only if it breaks the support area highlighted on the chart and corrects underneath as the bullish trend is very strong. Otherwise, the chances are that the price will make higher lows and continue the uptrend.
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.
💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast:
4.160 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 4.160 is broken.
Technical analysis:
A trough is formed in daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 5.000 and more heights 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 75.
Take Profits:
TP1= @ 2.600
TP2= @ 2.750
TP3= @ 2.900
TP4= @ 3.000
TP5= @ 3.150
TP6= @ 3.650
TP7= @ 4.160
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💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast:
4.160 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 4.160 is broken.
Technical analysis:
A trough is formed in daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 5.000 and more heights 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 75.
Take Profits:
TP1= @ 2.600
TP2= @ 2.750
TP3= @ 2.900
TP4= @ 3000
TP5= @ 3.150
TP6= @ 3.650
TP7= @ 4.160
❤️ 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 ❤️
𝗡𝗮𝘁 𝗚𝗮𝘀 𝗨𝗽𝗱𝗮𝘁𝗲: $NG_F Weekly. Breakout ... If closes over ~4.93 resistance we'll have a breakout that suggests it'll run to 6.10-6.30 area. Has peaked first week of November the past two years
$UNG $BOIL $KOLD #NatGas #OOTT #Commodities #Trading
Short Natural Gas to 3.66I think Natural Gas can be shorted to 3.66 as I have described in the chart.
Let me think your thought. I am not leveraged in this position.
Liquid Natural Gas #LNG #NatGas Long / Short Term ViewLNG has a long history of not getting any love.
Famously, in 1971...a Russian oil rig fell into a crater filled with LNG. They figured the best move was not to capture the LNG...but to use it to burn the oil rig. 50 years later...that crater is still burning...and is known as the Door to Hell .
LNG has often been thought of a cheap, plentiful energy source...and a second cousin to oil....a distant second cousin.
As you can see in the chart... it has experienced some dramatic price spikes since 2000....usually amid extreme heat or cold spells. Due to the short duration of the temperature anomalies, the price drops just as quickly as it spiked.
However, this time is different. We are at the beginning of a global energy transition. Earlier this year, governments from around the world have backed the " net zero by 2050 " goal. This essentially means the world is pushing for a drastic reduction in the use of fossil fuels.
We are rapidly increasing renewable energy production...however...this 2050 goal is very ambitious for a world energy infrastructure built for oil.
The most pragmatic experts agree that fossil fuels will still be in use by then...though greatly reduced.
And of the carbon producing fuels...liquid natural gas must play a greater role in the world's energy infrastructure.
So the long term fundamental view look almost inevitably bullish.
Recently we have seen a supply disruption as a pipeline segment in Arizona exploded...tragically killing 2 people. (Story sourced from Leticia Gonzalez twitter ).
In addition, Hurricane Ida disrupted supply production while temperatures have remained elevated, causing a greater demand.
As always...markets don't move is straight lines. However, I see demand for LNG continuing to increase globally for a long time.
*While writing this...Nat Gas jumped $0.20...breaking short term resistance...currently sitting at $4.855
