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Natgas

NATGAS Technical Analysis! BUY! My dear friends, Please, find my technical outlook for NATGAS below: The instrument tests an important psychological level 2.719 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2.831 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Long
by AnabelSignals
1
Natural Gass CompassIn this one I use my preferred charting tool that uses data points from the past: Curved Trendlines. While there are other variations of such lines that I might use depending on the context, in this case the pattern low-high-high or high-low-low is widely detected as relevant and used as such for mapping out potential forces and support/resistance zones. As you can see there is a relevant potential support zone validated by both the white curve and the blue curve which overlap further in time. There will be no surprises if the these levels keep holding the price for a while. The yellow one is the weakest one in my opinion, because of the peculiar case on natural gas that doesn't provide much options for such support/resistance lines, because of the X high that was created in a strong but weird position relative to past highs and lows. Meaning that if the yellow is broken on the up, it might not even matter in the future because a different setup might unfold, creating a totally different type of line in any type of pattern regarding previous highs and lows. What I like about these lines is that the relevant ones tend to provide clear cut cases of rebounds (example in the white dot), retests after break (green dot), or even pure power breaks with no comebacks (yellow dot). The scenarios I find important in this picture are the following: - the obvious potential rebound from the white and blue - the less obvious but very important break on the downside of the white and blue which has a higher chance of a retest because of the significance of these lines (these retests tend to happen for these long lasting lines with many data points) - supposing the yellow line does hold, or if another similar resistance line appears after another high lower than X, and supposing the white is finally penetrated, we enter the C zone which I believe has a decent probability for action inside it. I find the B zone less likely to be relevant as it implies the breaking of the white which should lead to a more bearish or consolidation mood rather that another power bullish move. I decided to post this snapshot here with these lines because as you can see the price has provided decent relevant lines in the recent past with the greens and blue, while in the current present case, these lines are almost non existent because of the position of the X high relative to the previous highs and lows. My guess is that a careful analysis of the reaction of the market to these lines could give us clues of what the sentiment in the market is, shifting from the bullish mood to a more cautious neutral or indecision mood with the break of the white and blue.
CITYINDEX:NATURALGASCFD
by UnknownUnicorn903284
5
NATGAS The Target Is DOWN! SELL! My dear subscribers, My technical analysis for NATGAS is below: The price is coiling around a solid key level - 2.918 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 2.792 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Short
by AnabelSignals
2
Natural Gas: The Golden OpportunityNatural gas has seen a nice rejection off of 3.19. A double top on nat gas is observed, does this mean we go lower? In the near term perhaps some more consolidation is needed but the trend is setting up for the infamous golden cross. If we get a bullish cross of the 50MA & 200MA this is a likely long term trend signal. This signals higher probability of a bullish uptrend. As we approach the elections, a potential trump win could influence the price.
CAPITALCOM:NATURALGAS
by Trading-Capital
Natural Gas Prices Poised for New 2024 HighsAfter a poor start to the year, Natural Gas prices have surged in the current quarter, largely due to stronger fundamentals. Extending the advance this week, the commodity looks poised to set new 2024 highs (3.397), but it may be early to talk about further gains. Key drillers have lowered their 2024 output guidance, while demand is expected to accelerate substantially, largely due to Asian industrial use. Adding to the optimistic outlook, the World Bank this week raised its growth forecast for the US and China and India, while the Europe exited its brief recession and the ECB slashed interest rates this month. On the other hand, supply is expected to expand this year and producers could boost their activity as price rise. European countries have agreed to keep consumption low, while historically warm weather poses another threat to demand optimism. Natural gas is also used for electricity generation though, which can be a tailwind in the summer months. On the technical front, the RSI has not followed prices higher, in a divergence that can limit the upside and fuel a pullback towards the EMA200 (black line). Daily closes below it would pause the bullish bias, but that would need strong catalyst. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:NGASLong
by FXCM
Natgas - rebound phase - shortI want to be honest.. The rally long was a surprise for me, I expected a long phase but without this momentum. It was really strange because we have a big storage increase more than last year and I expected a long phase but more flat. so I think now we can have a rebound of price until support area more or less 2$ before the last long (if we will have). The doubt if we have close or not the wave C .. In any case I try a short position with small size and small risk. Stop 2.8$ target 2$
PEPPERSTONE:NATGASShort
by flyhorse
1
NATGAS Trading Opportunity! BUY! My dear friends, Please, find my technical outlook for NATGAS below: The instrument tests an important psychological level 2.503 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2.683 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Long
by AnabelSignals
1
NATURAL GAS Rejection at the top of the Falling WedgeNatural Gas (NG!) hit last week the top (Lower Highs trend-line) of the long-term Falling Wedge pattern that started on the April 10 2023 Low and was immediately rejected back to the 1W MA50 (blue trend-line). As long as it holds, this rejection indicates that technically, the new Bearish Leg should start. Our Target is 1.550 (just above Support 1). If however the trend reverses and gives a candle closing above the Lower Highs, we will take the sell's loss and buy instead, targeting 3.300 (projected 1W MA100 extension). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!
by TradingShot