NATURAL GAS - 240 MINS CHARTThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
NATURAL GAS
Short Natural GasClear weekly divergence in its early stages. Potential short to blue support line ~ $6.50 target
NG shows weakness and lost momentum !!NG was very bullish at the start of 2022. This massive Uptrend stopped in June and led to a correction at the 0.618 Fib line.
After that, NG returns to the same old high, respecting the trend line and forming a significant Resistance.
the RSI is showing a considerable divergence as the second high lost momentum to continue pushing higher.
A break of the trend line in the next weeks will signal a huge short opportunity as the price may reach the 0.236 Fib line and if it breaks through the 0.382-Fib line as the second potential target.
Natural Gas (NATGASUSD): Waiting For Breakout 💨
A lot of questions about Natural Gas:
The price is currently coiling around 8.8 - 9.65 resistance.
I am patiently waiting for its bullish breakout.
I believe that a weekly candle close above that structure will trigger a strong trend following move.
Only after the confirmed breakout, I will consider buying.
For now, be patient.
The market may be stuck around the underlined levels for a long time.
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Please, support my work with like, thank you!❤️
Natural gas: Will Russia's supply cuts lead to new price highs?The price of natural gas has been going up and down like a roller coaster over the past month.
After suffering a severe 45% drop between June 8 and early July, US Henry Hub prices have risen nearly 80% since July 7, recouping all the losses.
What's going on in the natural gas market?
Russia is squeezing gas supplies to Europe via the NordStream (NS1) pipeline, pushing EU Dutch TTF prices above €190/MWh, approaching the record high reached in March.
Gazprom , the Russian energy giant, has announced that it will reduce NS1 daily flow to 33 million cubic metres, or about 20% of its capacity, citing problems with the pipeline's turbines. This puts at risk the region's goal of filling 80% of its storage capacity before winter.
According to recent Bruegel calculations, Europe may run out of gas in storage this winter if demand is not reduced. Such supply concerns prompted EU members to sign an agreement to cut their gas consumption by 15% over the next six months.
The worsening of the European gas crisis prompted a rush for supplies from other major producers, such as gas LNG from the United States and JKM from Asia. These markets are near full capacity for gas exports to Europe, so prices are rising and we may not have seen the peak yet.
From a technical standpoint, price momentum is pushing upward. Nine of the most recent ten sessions ended in the green, a streak that hadn't been seen since late March/early April 2022.
The RSI is now approaching overbought territory (70), but it may still have room to decisively break through this level.
The June bearish divergence thesis, based on rising prices/falling RSI, is now invalidated, showing that fundamental factors dominate technical considerations in the current natural gas market.
NATURAL GAS expected move Elliot Wave - NATGAS NATURALGASNATURAL GAS expected move Elliot Wave - NATGAS NATURALGAS
WAVE C PENDING - expected heading towards $4-$4.3
US natural gas: Bearish clouds ahead?Henry Hub ( US natural gas ) prices have fallen 25% from their peak of $9.64 per million British thermal units (MMBtu) hit in June, as the fire at Freeport LNG’s natural gas liquefaction plant reduced U.S. export capacity by an estimated 2.0 billion cubic feet per day (Bcf/d) or approximately 15% of annual volumes.
The major driver behind the spectacular rise in US natural gas prices had been a rise in price-premium gas shipments to Europe, which was suffering from a drop in Russian supply.
As a complete cutoff of Russian gas supply to Europe looms, this should theoretically put upward pressure on US natural gas prices. In practise, however, the US Freeport LNG’s facility is not scheduled to resume at full capacity until 2023, thus pricing pressures owing to greater exports to Europe can no longer occur as they did previously. And the market has already factored this in. On top of this, there is also the risk of recession in the US looming on gas prices.
US Natural Gas Technical analysis
From a technical perspective, US natural gas prices may have entered a trend reversal phase following the RSI bearish divergence in June, when oscillator values fell from overbought levels as prices reached new highs.
This suggested that the bulls’ strength had progressively diminished, allowing the bears to take over.
In the last three trading sessions, the 50-day moving average level of $7.5 has acted as a strong resistance for US gas prices. This might pave the way for a price pullback towards the $6.5 support level.
A bullish breakout over $7.5 would invalidate the thesis and trigger a test of the psychological $8 mark.
NATGAS ThrivesHTF have been bullish for a while. Price is pulled back into retracement levels on H1 now we wait for confirmation signals to take up more positions.
Natural gas tumbles to $5.5 as stockpiles rise: RSI oversoldUS NATURAL GAS prices plunged by 13% to $5.5/MMBtu, the lowest level since March, as a result of investors' unfavourable reactions to recent EIA data that revealed a larger-than-expected storage build.
Last week, utilities in the United States added 82 billion cubic feet (bcf) of gas to storage, well beyond analysts' projections of 74 bcf.
NATURAL GAS prices in the United States are now 43% lower than their June 8 highs. The drop earlier this month was triggered by an accident at the Freeport LNG facility in Texas, which is one of the largest US export plants producing about 2 billion cubic feet per day of liquefied natural gas, or roughly 16% of US annual LNG export capacity.
Before June, NATURAL GAS prices skyrocketed owing to increasing export volumes at premium rates to Europe, as European countries weaned themselves off Russian supplies.
Technically, the 14-day RSI indicator has entered the oversold zone for the first time since December 2021. This could be an indication that the bearish momentum is starting to hit extreme levels, and buyers could start reappearing on the dip.
However, in the absence of a complete capacity recovery in the United States, which is not expected by the end of the year, the potential of shipping LNG gas from the United States to Europe at a premium rate is jeopardised, and US NATURAL GAS prices are unlikely to recapture prior highs in the short term.
Idea written by Piero Cingari, forex and commodities analyst at Capital.com
Natural Gas (NATGASUSD): Be Prepared For a Bullish Move💨
Multiple time frame analysis on Natural gas.
Price action, structure & key levels.
Your detailed trading plan.
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Please, support my work with like, thank you!❤️
US Natural Gas XNGUSD Short at 1D timeframe A clear uptrend is visible on the chart in the form of HH and HL. Then this trend breaks upon a LH and LL which indicate the trend reversal. So its likely to go down as per DOW theory.
You can sell short here with the stop loss of 9.126.
Bounce Patrol?!Another potential bounce zone here. Looking for convincing rejection on the lower TF and will take it up to the blue zone. Potential 2.85 R!
Natural Gas is overbought. Time to go for a quick shortNatural Gas is extremely overbought. I am now short at 9.3$ with 3% portfolio and will add around 9.8$ another 6% of portfolio
US Natural Gas Had Its Worst Day Since 2018: RSI falls Below 50US natural gas prices posted their worst daily performance since mid-November 2018 today, plummeting 17% to $7.2/MMBtu, as of writing, after Freeport LNG announced early Tuesday morning that it does not expect the export facility to resume full plant operations until late 2022 due to the explosion occurred on June 8.
The Freeport LNG facility has a production of 2 billion cubic feet per day, or around 16% of US LNG export capability, and has been operating at near full capacity in recent months.
The disruption at one of the largest US liquefied natural gas export terminals will put a severe upward pressure on European gas prices ( Dutch TTF ), which have been falling in recent months as Europe has significantly increased its liquified natural gas imports from the United States.
Technically, US natural gas prices are now testing the 2022 bullish trendline, with the momentum indicator (14-day RSI) dropping to 38, the lowest level since the start of the year.
A breach below the psychological threshold of $7/MMBtu would open the door for a bearish assault to the nearest support in the 6.50 zone (lows of April 25 and May 10).
#NATGAS - Surely not?Hi all!
This chart is pretty self explanatory and tells a lot of potential stories.
As we all know, NATGAS is a beast of it's own and often technicals are embarrassed by NATGAS movements.
But considering inflation, whispers of war, absurd weather, perhaps this isn't as crazy as it sounds.
Anyhow, I really wanted to put this out there as a lot of technical indicators are suggesting a bull run.
Weekly and Monthly RSIs are both towards oversold and the current political and economical situations point at a commodity bull run, especially is Oil and NatGas.
Natural Gas (NATGASUSD): Can We Go Higher? 💨
As I predicted, Natural Gas perfectly bounced from a key level.
Now we see an inverted head and shoulders formation with a confirmed neckline breakout on 4H.
I believe that the price can reach 8.0 level soon.
Be ready
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Natural Gas (NATGASUSD): Time to Grow AGAIN?! 💨
This morning with my students we discussed a great buying opportunity on Natural Gas.
The market dropped to key daily structure support.
On that, the price formed a tiny double bottom formation on 1H time frame.
Taking into consideration that the market is trading in a sharp bullish trend,
it can be a very nice confirmation to buy the market.
Goals:
6.825
7.0
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Quick deal on natural gas 16% profit for 5.5% Stop Loss "3:1"simple analysis
Trend lines have been relied upon
and volume analysis
and moving averages
NATURAL GAS 📉📉📉Expecting bullish price action on this pair but simply on a fundamental reason, price tapped on 7.0$ institional figure taking out some retail stops below this price area and for now we are going for the ATH - ALL TIME HIGH.
What do you think ? Comment below..
Natural GasOk, So down 5% on the day, but I think its found its base... lets see if the market makers continue this lovely Ladder.
NatGasUsd: Double top or just a 0.5 correction? I suppose natural gas is one of the most dangerous assets, so if you trade it (any side) be very careful. Not for beginners or those who don't tolerate high risk trades.
