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NATURAL GAS

Short on NatGas Fundamentals “There is simply too much gas right now, thanks to the very loose supply/demand balance caused by demand destruction with the economic shutdowns, with another loose number expected in (today’s) EIA report,” Weather forecast According to NatGasWeather for April 16 – April 22, “Cool shots will continue across the central and northern US into early next week with chilly lows of 20s and 30s. A weather system will bring rain and snow to central Plains, while a second system bringing showers to Florida. Texas and the South will warm back into the 70s and 80s into the foreseeable future, locally a touch hot into the 90s. The West will be mostly comfortable with highs of 50s to 80s for light demand. Warmer than normal conditions will build across all but the northeastern US mid-next week with national demand easing to lighter levels.” Technical Analysis Short position opened TP @1.145 SL @1.843
OANDA:NATGASUSDShort
by NunoMenano
Channel The Gas!*DISCLAIMER*-This is WEEKLY Chart- Not advisable to trade without an proper analysis. Not my fault if you traded and made a loss. It is not like trading on M15 or H4, ONE Candlestick is actually 1 week so it is long term trade. I will explain how to better catch the trade at correct level with no risk. The Natural Gas is in Channel, there has been multiple bounces on inside of channel trends. Price is approaching to support since 29th February 2019 where price has made the lowest low. There are support level where the 1st buy will be if price doesn't make it all the way to channel trendline likely in most case it will come short and go up. Lots of wicks incites that price has breaking out moment so breakouts can occurs at any time. Look for candlestick patterns like 3 Advancing Soldiers or Hikkake Pattern for an proper buying confimation BUT... If price has broken the support, it will be likely to bounce off channel trendline with candlestick pattern like Hammer, Bullish Harami, Morning (Doji) Stars Patterns and Long Lower Shadow. Please Google those candlestick pattern so you know what to look for once price are near to the key level for you to buy and hold over the weeks holding until the target is reached of around 3.0 - 4.5. This is just an idea, i will be following this and updating the progress as week goes by.
OANDA:NATGASUSDLong
by UnknownUnicorn4090857
NATGASUSD | Rejected by Ichi CloudPlease support this idea with LIKE if you find it useful. Price was rejected by Ichi Cloud, also by the higher boundary of the descending channel and 50 MA. We can expect more downside here Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
OANDA:NATGASUSDShort
by Anpu
7
NATGASUSD | Just Be Careful with GasPlease support this idea with LIKE if you find it useful. Price did not fix above the Ichi Cloud resistance zone might lead to the leg down when market opens. If the growth continues we will retest the higher boundary of the Descending Channel. In case there is a rejection we can initiate a short position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
OANDA:NATGASUSDShort
by Anpu
2
What we are expecting on NATGAS by ThinkingAnts Use this as a guide to develop your view. Main items we can see on the weekly chart: a) The price is on a significant support zone b) We expect a reversal movement based on the previous situations c) If the price goes up respecting previous structures that happened on the past, these are what we will be waiting -Breakout of the descending trendline -Corrective structure of 3 weeks at least, above the broken trendline or on its edge -Our Target for the bullish movement will be the next resistance zone at 2.5
NYMEX:NG1!
by ThinkingAntsOk
Natural Gas (NATGASUSD): Even Lower Now??? Important Warning! hey guys, to be honest with you I expected a much stronger bullish reaction from all time's market low on natgast than this small pullback. but the reality is overwhelmingly bearish on natgas. we already see a new weekly lower close and this week will show us whether the market is able to close below 1.575 - all time's structure low. if so, the market will be trading in the no man's land and bearish continuation may proceed. take it into consideration and adjust your trading plan accordingly! good luck!
OANDA:NATGASUSDShort
by VasilyTrader
5
Natural Gas | More DownsidePlease support this idea with LIKE if you find it useful. Overall we are moving in a Descending Channel and the previous rejection can lead us to the lower boundary being retested. On closer look we see the price is under Ichi Cloud resistance zone and 50 MA dynamic resistance. Also price producing bearish engulfings, which confirms the decline. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
OANDA:NATGASUSDShort
by Anpu
6
Trade US Natural Gas Spot CFDDiscover US Natural Gas price in real-time with our live chart Natural gas is a vital fuel, it currently supplies 22 per cent of the world's energy. Widely used for both commercial and industrial purposes, it is often chosen as an investment option by international investors seeking true asset class diversification in their portfolio. According to the historical natural gas price chart, the commodity reached a record low of $1.04 in January 1992 and a record high of $15.78 in December 2005. You can stay on top of the latest natural gas price with Capital.com. Today, natural gas is considered one of the cleanest and safest fossil fuels available. It’s certainly a much more environmentally-friendly option than coal or petroleum. In the age of environmentalism, these unique properties of the commodity make it a popular energy choice. Consequently, investment in natural gas has increased in recent years. Natural gas is used across the globe as an effective and inexpensive fuel for a variety of applications, from heating to cooking and in the generation of electricity. Every year, the world’s largest countries extract billions of cubic metres of the commodity. Since the 2008 shale boom the United States has dominated the market as the world’s largest producer of natural gas. Today, the country operates over 900 public gas systems. Other major producers include Iran, Canada, Qatar, China and Russia, which supplies gas to Germany and the majority of Eastern Europe. Natural gas is unique among commodities as its supply often does not meet the demand. Known as “seasonal mismatch,” demand is the highest and typically exceeds supply during the winter, while in summer months, demand is lower than the available supply. Even small changes in the demand or supply of natural gas can cause significant price fluctuations. The price highly depends on the production process, weather conditions, economic growth, storage supplies and substitutes, such as hydroelectric, wind and solar power. Discover the latest natural gas price today and trace the historical value of the commodity over the years with Capital.com’s natural gas chart.
OANDA:NATGASUSD
by CeoCodes