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NATURAL GAS

NAT GAS LONG. The lows are LIKELY in for Nat GasNat Gas is probably THE most hated commodity now. Its reached MAJOR Horizontal Support, and 2 CONVERGING Trendline supports. ALL 3 are Converging at $2 level. Expect a bounce to 1st Target at recent highs $3 with Ultimate Target price at upper end of falling trend channel ~$3.55. Historical average Price of Nat Gas is $4 since 1990 with $1.62 - $2.00 range acting as MAJOR Support Zone for the last 35 YEARS. Current price is also at the BOTTOM of the recent trading range and price appears to be forming a Wyckoff ACCUMULATION. LONG Nat Gas at $2.01 and anything <$2.01. SL = CLOSING PRICE < $1.44. Reward:Risk = 1.75:1 at $3.00 target price and 2.7:1 at $3.55 Target Price Trade what you see.
NYMEX:NG1!Long
by eganon69
3
Natural Gas (NATGASUSD): How to Buy With Confirmation 💨 Hey traders, I spotted a classic harmonic ABCD pattern on Natural Gas. The completion point of the pattern matches perfectly with a horizontal key level. Analyzing intraday time frames, I also spotted a falling wedge pattern on 12H. To buy with a confirmation, wait for a bullish breakout of the resistance of the wedge. Its violation may initiate a bullish movement. Goals will be 2.43 / 2.58 ❤️Please, support my work with like, thank you!❤️
NLong
by VasilyTrader
9
Natural Gas - Bigger correction in this area?Hello traders, Today we will do an analysis for NATGAS. This commodity is in a big downtrend on the daily and weekly timeframe that started in August 2022. For now the higher probability move is a bigger correction in this area. On the 4h timeframe we expect the price to move to the upside and break the previous local high that it made on the 3rd of March. Once it reaches the area of the magenta rectangle marked on the chart we must see if we will have a continuation to the downside or it will continue making a bigger correction (upside). Another possible scenario is a move to the downside that coincides with the 70,5% Fibonacci retracement and then a move to the upside to break the local high. Please don't jump in, wait for your setups, no matter what, and don't risk more than 1% of your capital.
NLong
by financialflagship
UNG - Natural Gas ETF - Potential Double Bottom Support PlayUNG (US Natural Gas ETF) has formed a double-bottom price pattern on the Daily chart. The Price has found temporary support above $8.21. Support Price Targets are: $8.21, $8.16, $7.72, $6.11. Resistance Price Targets are: $8.99, $9.93, $10.97, $11.97. UNG etf does not always correlate & follow technical analysis charts. Be aware of global fundamental news changes regarding energy assets (government policies, corporate policies, supply & demand, etc).
AMEX:UNG
by NoFomoCharts
Natural Gas Full Bear Control. Short term 15m EMA 12 Guide- NG UNG is on a downtrend in every time frame, bears are in full control. - Bulls would hope we hold the 52 week low - need an hourly trend change back to the bulls for we to potentially get a 4h and daily bounce going and shape up an Equilibrium pattern. - short term intra-day 15m 12 EMA is our guide for full bear control. - I definitely wouldn't be shorting all the way down here but also there's no signs for me to be interested long as well atm unless bulls can start to shape up some hourly trend change.
AMEX:UNG
by ArcadiaTrading
NatGas Cup and Handle in the making?On my first public analysis, I suggested that NatGas would reach its 2.66 resistance before any profit taking that could bring it back to its 2.42 support zone. Now that the first target is reached, and considering the strenght/speed at which it got there, I am leaning to the idea that we'll have a cup and handle and not another reverse H&S forming. Therefore, 2.54 is the new support I check. The 2.66 resistance could even be turned as a resistance without a pullback. If it hold, then 3.01 becomes possible short term. Remember that NatGas is usually bullish from March to May. Considering recent behavior of the price, and despite our overall warm winter, we are now getting ready for summer months.
NLong
by candidev007
$NATGASWe are entering what is traditionnaly the bull season for NatGas prices, and this week moves suggest that the bottom is in. Not only did $NatGas moved out of its descending corridor, but it managed to get back into its consolidation zone. Considering seasonality and the possibility of some short covering, I personnaly expect a sharp rise that will bring us above last week resistance. Not to mention that we got a nice reverse head and shoulder here, with higher highs and higher lows.
NLong
by candidev007
Natural gas is stuck, but nearing a move Natural gas has been oscillating in a wide range between $2.34 and $2.60, give or take a few cents. $2.50 support/resistance has been the decision level for a sharp move in either direction. At this point, both extremities have been tested multiple times , weakening both support and resistance. I believe that if natural gas bounces here and tests the higher extremity, it will be broken with ease. However , the longer it stays near the bottom of the range, a break of $2.34 becomes likely and a fall to the $2.20 level materializes. $2.20 is roughly the top of the resistance channel that natural gas has been stuck in since December of last year (highlighted by the green box). That flush might wipe out the remaining stops and a big portion of the bulls that are remaining in natural gas, which could yield a nice bounce and trigger a short squeeze.
NYMEX:NG1!
by Fida4u
1
NatGas - MassacreI don't have a working cycle count in NatGas right now as I haven't traded it since it topped earlier last year. This is a falling knife. 2 days ago we lost 3.300. That was the 2021.02.18 top and the Fibonacci 78,6% retracement level. As we broke below that level I see nothing until 2.442 and 2.267. If anyone wants to long this needs to wait at least a reversal candlestick pattern but I wouldn't try any long position before price drops between 2.442 and 2.267.
OANDA:NATGASUSD
by chartwatchers
12
Natural Gas (NATGASUSD): How to Buy With Confirmation 💨 Natural Gas formed a harmonic abcd pattern on a weekly. Its completion point matches perfectly with a horizontal key level. I am currently looking for a confirmation to buy. I will look for a bullish breakout of a falling channel on 4H. It will confirm the strength of bulls. Goals will be 4.08 / 4.36 Alternatively, a bearish breakout of a blue area will push the market lower. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
NLong
by VasilyTrader
13