Natural Gas (NATGASUSD): Catching a Pullback 💨
Natural gas dropped to a major key weekly structure support.
The underlined structure matches perfectly with 618 retracement of the major bullish impulse giving us a confluence zone.
On that, the price formed a double bottom formation on a daily time frame.
The neckline breakout confirms a coming bullish rally.
Goals:
4.75
5.45
6.2
❤️Please, support this idea with like and comment!❤️
NATURAL GAS
$BOIL Target 39.24 $BOIL Target 39.24
Alright… moment of truth, haha… will BOIL bounce up off of the red 35EMA and hit target.
I was tempted to take profits yesterday but I did not… so let’s go…
——————
I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
——————
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. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
NATGAS looking up 🦐NATGAS on the 4h chart tested a few times the bottom structure.
The price is now moving to the resistance structure and according to Plancton's strategy IF the market will break above and satisfy the Academy rules we will set a nice long order.
-----
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NatGas: Take out your gloves!NatGas is slowly leaving the warm realms of the south behind, aiming for the resistance line at $4.825. Once there, we expect it to rise even further north.
However, we also see a 42% chance that the price could decide to soak in some more warmth and go below the support line at $3.396.
NATGAS looking up 🦐NATGAS on the 4h chart tested a few times the bottom structure.
The price is now moving to the resistance structure and according to Plancton's strategy IF the market will break above and satisfy the Academy rules we will set a nice long order.
-----
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Natural Gas Might find Support at the rising trendlineNatural Gas might find support on the rising trend line if it holds or break through to the bottom if the trend line doesn't hold price. The past weeks we saw a very strong decline in price which even the 100MA and 200MA could not be able to hold. We will observe price once it reaches the rising trendline for bullish confirmations for long trades or bearish continuation for short positions.
Please support this idea with likes.
Thanks
NATURAL GAS - NatGas - Long Set UpThe price after a big retreacement is arrived near a big support..
On basis my analisys, we can complete the final short wave C (of a big correction ABC)
So after this final short we can restart a potential new long wave.
I will attend this final wave before open a new trade
Natural Gas LongBullish scenario:
Analysis based on pure technical - trend line analysis - Fib retracement (power of Fibonacci Retracement , so we can use as like our advantage in the future), I think now patience is the essential key. Buy the dip!
"Buy the dip" opportunity
News:
The US benchmark for the price of natural gas was in negative territory early in the December 14 session, extending the sell off from the previous trading day.
The January gas delivery contract at the US Henry Hub was down 1.24% as of 12:35 GMT at $3.75/mn Btu. The contract lost 3.3% in the previous session.
The International Energy Agency (IEA) in its monthly market report showed production of natural gas for members of the OECD increased 5.1% from September 2020 to September 2021, the last full month for which the agency has data. Consumption, meanwhile, declined by 4.9% in the OECD.
Elsewhere, IEA stated that the emergence of the Omicron variant of the novel coronavirus that causes COVID-19 was reason for economic concern, but pessimism has eased since the end of November. Nevertheless, the IEA warned that new travel restrictions could curb overall demand. Drugmaker Pfizer, meanwhile, says its pill for COVID-19 is nearly 90% effective in trials.
For weather in the continental US, the National Weather Service said heavy rains are expected along parts of the West Coast, which would accumulate as snow in higher elevations. For parts of the Plains states and in the Mississippi River valley, temperatures are expected to be well above average for this time of year.
The US benchmark for the price of natural gas was in negative territory early in the December 14 session, extending the sell off from the previous trading day.
The January gas delivery contract at the US Henry Hub was down 1.24% as of 12:35 GMT at $3.75/mn Btu. The contract lost 3.3% in the previous session.
The International Energy Agency (IEA) in its monthly market report showed production of natural gas for members of the OECD increased 5.1% from September 2020 to September 2021, the last full month for which the agency has data. Consumption, meanwhile, declined by 4.9% in the OECD.
Elsewhere, IEA stated that the emergence of the Omicron variant of the novel coronavirus that causes COVID-19 was reason for economic concern, but pessimism has eased since the end of November. Nevertheless, the IEA warned that new travel restrictions could curb overall demand. Drugmaker Pfizer, meanwhile, says its pill for COVID-19 is nearly 90% effective in trials.
For weather in the continental US, the National Weather Service said heavy rains are expected along parts of the West Coast, which would accumulate as snow in higher elevations. For parts of the Plains states and in the Mississippi River valley, temperatures are expected to be well above average for this time of year.
UNG (Natural Gas ETF) - 2021 - Support, Resistance, TrendlinesUNG (United States Natural Gas Fund) - 2021 - Support, Resistance, Trendlines:
-Resistance Price Levels (colored horizontal lines above current price)
-Support Price Levels (colored horizontal lines below current price)
-Trendline Resistances (diagonal grey lines above current price)
-Trendline Supports (diagonal grey lines below current price)
note: chart is on log scale.
Natural Gas Forecast: Working Off Selling PressureThe natural gas markets have gone back and forth during the session on Thursday, hanging about the $3.80 level. Over the last year or so, I have been asked to do less analysis on natural gas, but quite frankly my email box has been full of questions as to what is going to happen with natural gas next. Retail traders have no idea, nor do some professional traders for that matter, that this contract is based solely upon the United States, meaning that what is going on in Europe or Asia has very little effect. In fact, the United States only exports 12,000,000,000 ft.³ a year, which seems like a lot but it is not.
Currently, Rotterdam gas futures are trading at about nine times what the Henry Hub contract is. That can bring in a little bit of demand but transporting natural gas across the ocean is not easy. Because of this, a lot of retail traders that I have been contacted from have lost a fortune in this contract over the last month or so. It is because they do not understand that they need to pay attention to US weather patterns, and basically ignore what is going on in their own backyard.
If you did not know this, do not be ashamed. I have recently had a conversation with somebody who runs a larger commodity fund who had no idea that natural gas contracts were so localized. He trades millions of dollars, which tells you just how uninformed some people can be. That being said, I felt the need to do this video due to the fact that somebody of you have been losing money as you are watching problems with Vladimir Putin delivering gas to the EU, etc.
Temperatures in the United States should be much milder than initially thought for most of the winter, meaning that the United States, which is absolutely swimming in natural gas, will continue to see lower pricing. We have recently gapped lower, and I do think that we will try to fill that gap as most futures markets will tend to do. I will be shorting this contract of the first signs of exhaustion near the 200 day EMA which happens to be at the top of the gap, right around $4.16. We have seen the high for the winter, as we are trading the January contract already, meaning that before you know it will be trading springtime contracts.
NATGAS a head & shoulder at the top 🦐NATURAL GAS after the bull run is losing momentum.
The price on the daily chart is creating a heads and shoulder and according to Plancton's strategy if the price will break below the neckline and satisfy the A ACADEMY rules we will set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
natural gas- daily/weeklyNatural broke the head and shoulder pattern and it had to gave a move of 3$.
With weekly COT data, larger trader are slowly increasing their position.
At this juncture, going for short is not a recommendation.
NatGas: There is Room! 🔥🔥🔥NatGas is extending the correction way below the mark at $4.825. Now, there is still some more room left at the bottom. In total, we expect the course to fall between $3.969 and $3.795. Ideally, the turnaround will happen here. If we, however, fall below $3.396, greater corrections will be realized here.
It's getting close!
NATURAL GAS – Week 48 – Expecting a trendline rejection.Hello traders,
For this week we are expecting Natgas to start on a high and reach the trendline, before making another drop and break the support area highlighted on the chart.
On the bigger picture (Daily / Weekly timeframe) this will only act as a correction for more bullish momentum.
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.
Complex analysis of "Natural Gas", the strongest analysis Complex analysis of "natural gas", the strongest analysis - know the upcoming price movement
Analyze natural gas prices in the short or medium term
The target is shown in the drawing. If Target 2 is breached upwards and stability, we will take off to the top
The analysis fails if it falls below $4.75
Several schools of technical analysis were used in this drawing. I hope you like it
Like - follow me
Thursday: Natural Gas - Week 47Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
Saturday: NGAS - Week 46Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
NG short option There were no major changes to the temperature outlook overnight, with the American and European weather models trending warmer around the middle of next week but shifting slightly cooler for the Nov. 19-21 time frame, according to the firm.
Forecasts continued to show “exceptionally light demand” for the remainder of the current week before a transition to higher demand this weekend into next week as chillier temperatures move over the Great Lakes and Northeast, the firm said.
“The forecast reflects this typical response,” the firm said. “However, lower confidence is in the South and East versus elsewhere, as associated pattern correlations lack directional significance here.”