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NATURAL GAS

NATURAL GAS TESTING THE 7 YEAR HIGH RESISTANCENatural Gas has reached 7-year high resistance on 28th of September. As soon as reached that level a major 16% correction noticed in just 3 days, which found a resistance at the bottom of a symmetrical triangle. It's been following that descending triangle since then. Key date is today or tommorow to see if the uptrend will continue or we will see a trend reversal. Here are the scenarios: LONG: If price breaks above 50% of the correction retracement (appr. 5.85) then we expect to retest the 7-year high. Just wait for the break to be confirmed. OPEN POSITION: 5.85 STOP LOSS: 5.7 TAKE PROFIT: 6.1 minor OR 6.35 major SHORT: If price break below the bottom of the triangel (appr. 5.65) then we expect the price to retest the bottom of the correction at 5.30 OPEN POSITION: 5.65 STOP LOSS: 5.7 TAKE PROFIT: 5.6 minor OR 5.3 major
NYMEX:NG1!
by Paultheriver
🔥 Natural gas will rise in price three times 🥶●● Preferred count ● NATURALGAS ( Currency.com ) 🕐TF:1W Globally, the price of natural gas is driven by the third wave of the Grand Supercycle , within which the final wave (V) is developing. Wave (IV) that preceded it took the shape of a w-x-y double zigzag , although one should not exclude further complication before a sideways correction. ● NATGASUSD ( OANDA )🕐TF:1D Behind the most powerful part of the wave ① of I — Third of a Third — 3 of (3) , on the horizon — a less rapid growth in the fifth waves, followed by a series of downward corrections. ● NATGASUSD ( OANDA )🕐TF:4h A correction by wave 4 is expected in the form of an expanded flat , the target for which may be the area of the previous fourth . ● NATGASUSD ( OANDA )🕐TF:2h Wave ⓒ of 4 , presumably, is unfolding the ending diagonal . ●● Alternative count ● NATGASUSD ( OANDA )🕐TF:2h As an alternative count — wave 4 of (3) is a running contracting triangle . This interpretation implies the resumption of growth within wave 5 from the current levels. Long position under the conditions of the implementation of the main scenario seems to me less risky, but the alternative count also offers good opportunities for long at current prices.
NLong
by TradeWaves-EWA
NATURAL GAS – Week 44 – New low inbound.In the previous week, the price broke the trendline and made a sharp bullish move without breaking the top and then it started to reverse. In the coming days, we are expecting the price to make a small pullback and head towards the support level. 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.
NShort
by financialflagship
18
NATURAL GAS – Week 43 – Will the support hold?In the previous week, the price corrected without giving us the bearish wave that we anticipated. In the coming days, we are expecting the price to fall from the confluence between the trendline and the resistance level and reach the support. 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.
NShort
by financialflagship
20
$UNG - Key Levels and Analysis$UNG - Key Levels and Analysis Would love to get one more good natty swing… Sell target 21.28 Or Double target 15.72 —————— 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 due diligence. 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!!
AMEX:UNGLong
by SPYder_QQQueen_Trading
Nat Gas. Short ▶ Targets on Chart Options play for a short on natural gas. If you are trading there is an obvious place to put your stop-loss above Tuesday's high. With the way Nat Gas has been volatile the past few days I also have a second sell limit entry just below 5.7. Targets are set out on the chart. Please see the other ideas below as I am still holding (options) and i am also confident that they will come to fruition. These thoughts are my own ideas based off my own analysis. Please do your own research before putting your own money into the markets.
NShort
by bullbearhogewes
NATURAL GAS – Week 42 – Short-term depreciation.In the previous week, the price moved slowly as it entered a deeper consolidation phase. In the coming days, we are expecting a trendline breakout followed by a small correction that will increase the chances for the market to drop into a bigger degree correction. 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.
NShort
by financialflagship
13
Gas Long SetupGAS Long Setup 🔵 Entry Level: $5.673 🟢 Take Profit: $6.094 ⛔ Stop Loss: $5.441 Reasons: - So far the price is respecting the ascending channel; - I believe the price may bounce off the lower trendline in the area between $5.535 and $5.670. Game Plan: If the price goes through the lower trendline (yellow), which at the moment acts as a support level, then I will be looking to open a short position on a retracement unless the 2nd trendline (white) acts as another support level.
CAPITALCOM:NATURALGASLong
by Quant_
1
NATGAS LongTrend Analysis - Clear Upward trend in energy market and this one is no different, showing fibbonacci retracement levels. On a path to 6+ Technical indicators - Mixture of bullish and bearish news, many sources cite energy crises' but this is offset by Russia. However, Russia are being tentative about their involvement, saying that Europe need to mend their ties before they "solve" the crisis. History is telling me that Russia doesn't have Europes best interests at heart, so I think this'll be an interesting few months especially in the run up to Winter. www.ft.com Using an energy crisis as a threat? Really Russia? who is suprised.. www.ft.com www.ft.com ICEEUR:GWM1!
NYMEX:NG1!
by DavidC816
NATURAL GAS – Week 41 – One more bullish push?In our last analysis report, we correctly anticipated the price to enter a consolidation phase In the coming week, we anticipate one of two scenarios: 1. The trendline will hold and will pump the price to another top. 2. If we break the trendline and consolidate underneath, then we have a chance to go deeper into a medium-term bear market. 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.
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by financialflagship
12
NATURAL GAS – Week 40 – Much needed pullback.In our last analysis report, we correctly anticipated the price to make a new top. In the coming week, we anticipate the price to enter a deeper consolidation phase and if it breaks the trendline, it has a great chance to retest the support area. 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.
NShort
by financialflagship
13
When Might The Price Of Natural Gas Decompress?Traders that have taken a long position on Natural Gas will have been feeling lighter than air for the better part of 2021. Remarkably, the trading price of Natural Gas has rocketed up 115% since the beginning of the year, outperforming price increases in other commodities currently sitting close to record highs, Oats (up by 63.83% YTD), Copper (up by 19.65% YTD), and steel (up by 38.27% YTD). As of writing, Natural Gas is trading at $5.592 per million British thermal units, a thirteen year high for the commodity. What Is The Reason For The Meteoric Rise In Natural Gas An unusually scorching 2021 summer in the US drove demand for air conditioning and Natural Gas beyond normal levels, resulting in a lower stockpile of the commodity for an unusually cold winter. Following this, extreme weather conditions, such as Hurricane Ida, interrupted Natural Gas extraction in the Gulf of Mexico’s most productive zone. Will The Price Of Natural Gas Recede? Typically, when the price of a commodity rises, new investment will enter the market to scoop up the high prices. Regarding Natural Gas, the new investment could be from gas companies lifting output at existing gas wells or exploring new wells that will raise production. Counter-productively, the new investment and resulting lift in gas supply would help suppress the price rises in the commodity. New investment in Natural Gas has stalled as of late. While fossil fuels will still be needed for a long time, so-called ‘Zero Carbon’ policies from governing bodies worldwide are disincentivising Natural Gas exploration. The long-term prospects of Natural Gas wells are less certain and less attractive when contending with the likes of the Biden Administration throwing its full support behind renewable energy sources as the US engages in a wide-scale upgrade to its infrastructure. One project for the Biden Administration is for the US electric grid to be powered by 50% solar within the next thirty years. Achieving this goal would severely squeeze demand for Natural Gas, which, according to the EPA, generated approximately 40% of the country’s electricity in 2020.
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by BlackBull_Markets
NATURAL GAS – Week 39 – New top ahead?In our last analysis report, we correctly anticipated the price to reach the support area. In the coming week, we anticipate the price to make a corrective B-wave that has a chance to break the top, depending on the pattern it is forming. 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.
NLong
by financialflagship
14