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Natural-gas

Massive Support zone on NATGAS by ThinkingAntsOkUse this as a guide to develop your view of the chart Main items we can see on the Monthly Chart: a) There is a massive Support zone between 1,6 - 1,2 b) This Support has been working since 1992 c) Currently, the price is on 1,6 / The first contact with the support zone d) We think the price will make reversal structures before starting the bullish movement e) This Monthly chart provides us with an idea of a bullish potential of 120% towards the next Resistance zone at 3,7
NYMEX:NG1!
by ThinkingAntsOk
Conservative Line and Big Risk/ Return Line Hit, Whats Next?Surpassing conservative and taking bigger profits as indicated in the graph, that leads us to a reassessment of the next big move to come. First of all congratulations to those who took some short term gains from the previous analysis I provided. Lets agree that sometimes we make calculated risk and some luck is involve. Learning to trade on a fine balance between graphical and sentiment values are key to becoming a somewhat successful trader. Analysis Natural Gas: Price started off lower in the reopening of the market, due to some warmer weather spikes up in the North eastern region of the USA lowered demand in Natural gases, no new declaration of bankruptcies in the supply sector. Graphical Sentiment: Downtrend in Short Term trades (4-6hrs) is still a strong Put, likely to hit the 1.850 Region before a slight rally to hit this evening towards the 1.930 mark. Geopolitical Sentiment: Trump is yet to make his appearance in India, that could overhaul the prices of Natural Gas in a big price shift (upwards), likely to take place over the next 2 to 3 days. For Swing Traders: 3-5days Position Long holding could see some serious movement in prices: Recommended trade position: Hold a Long position for big price hike likely to mature by end of the week. Target 1.990 (Conservative) 2.050 (Big Risk Big Return Line) For day traders: Target 1.850 ( Conservative Line) 1.790 (Big risk Big Return Line) SELL POSITION/ SHORT by 9pm EASTERN TIME.
NLong
by gabcheok
Top and Bottom analysis on Natural Gas (NG) by ThinkingAntsOkUse this as a guide to develop your view on the Chart. Main Items we can see on the 4hs Chart: a)After the breakout of the Massive corrective structure, we saw the beginning of a new bearish motive wave b)Our main target for the end of the bearish trend is the Daily Support zone at 1.650 c)The main structure for the down move is a descending channel, is very important to pay attention to it and see if the price keeps respecting it. d)If you have a short position opened the support zone can be an excellent target e)If you want to open Long positions, wait for the price to reach the support zone, and give at least one week to see a formation there. Daily Chart
NYMEX:NG1!
by ThinkingAntsOk
NatGas - bull or bear?The last few candles show a sustained sell-off followed by a brief recovery below the short term trend line (white dotted line). Will natural gas follow the end of day recovery and go back over $2? I see 2 scenarios here: 1) The price closes over $2.03 on Monday and tests $2.15 this week 2) The price breaches $1.84 and starts a new descending channel between $1.68 and $2.02 My long term trend line (red dashed line) suggests $1.34 is possible, which boggles my mind, but anything is possible if inventories continue to build and our winters continue to be mild on average. ---- My goal is to keep tabs on Natural Gas Futures to hopefully find the bottom before a bullish reversal. However, I am not currently playing NatGas as I believe it will stay suppressed until production is shown to have meaningful decreases. Fracking bans, regulations, etc can impact prices but I don't have a crystal ball and will simply follow the market as it happens. *** Note: I draw my trend lines on a daily line chart as line charts are easier to see then switch to candles since candles illustrate the price action much clearer. A few pennies here and there don't concern me as I am a swing trader.
OANDA:NATGASUSD
by Blue_Collar_Trader
1
NATURAL GAS HEAD AND SHOULDERS??GOOD EVENING, HERE IS A POTENTIAL PAN OUT FOR NATURAL GAS. CURRENTLY AT NECKLINE OF WHAT COULD BE A COMPLETED HEAD AND SHOULDERS PATTERN, RIGHT SHOULDER JUST NEEDS TO DEVELOP! PRICE IS CURRENTLY AT A KEY SUPPLY/DEMAND ZONE AND A NICE REJECTION CANDLE ON LAST DAY, EXTREMELY GOOD RR IF THIS WAS TO COME IN BUT EVEN HALF THIS TARGET WOULD BE GREAT. THE MOVE WILL MOST LIKELY BE VERY IMPULSIVE AND TAKE A FEW WEEKS TO CLIMB TO TOP IF DOES GO THIS WAY. I WOULD HIGHLY RECOMMEND HAVING A LOOK AT @MESZAROS & @RANDYFUEGO NATURAL GAS PUBLICATIONS FOR A MORE DETAILED PERSPECTIVE, LINK AT BOTTOM.
OANDA:NATGASUSDLong
by CoinCaller
Analysis of Current situation on NATURAL GAS by ThinkingAntsOkUse this as a guide to develop your personal view of the chart. Main items we observe on the Daily Timeframe: a)Price Broke the ascending channel and the major Support/Resistance zone b)Currently, the price is inside a Flag pattern on an ABC pattern with a clear structure (yellow lines) c)These types of patterns are considered continuation structures (meaning that, from a technical perspective, when these structures are broken the price should continue on the same direction of the previous motive wave) d)IF the price brakes below the lower trendline of the corrective structure we will look for a pull-back on a lower timeframe such as 4hs/1h and we will set our short orders (Entry below the 4h/1h structure, stop above it, and take profit on the lower support zone visible on the chart) e)It is really important to have patience and wait for a proper confirmation before setting orders, your worst scenario should be NOT ENTERING THE MARKET. Weekly Vision:
NYMEX:NG1!Short
by ThinkingAntsOk
Natural Gas: Lower Buy opportunity.NG is forming a Channel Up on 1W (RSI = 51.784, MACD = -0.011, ADX = 20.925, Highs/Lows = 0.0155) and is approaching the Demand Zone for a Higher Low. The 1D MACD shows that there is still some room to it, so be ready to buy lower (ideally well below the 1D MA50 once the Golden Cross takes place). Our Target Zone is 2.785 - 2.860. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
OANDA:NATGASUSDLong
by InvestingScope
4
Natural Gas Down Trend - Scalp with DGAZNatural gas is setting up a a short term trend down before draw down season begins. I am currently owning shares of DGAZ at the price point of $107 and I will be waiting for $120-$130 before Thursday to sell out of my position. Currently, Dgaz is sitting at ~$112. Natural gas is trending down until draw down season fully comes into effect. I expect the price of NG to increase during the overnight/ morning futures before this Thursday when the bullish report comes out. After the report, NG should go up 2-8%, then continue the downtrend shortly after depending on how bullish the report is given the recent cold weather. Natural gas is waiting for draw down season / a new cold front before it will decide to move up with another big move. Keep your eyes on UGAZ if natural gas gets down below the $2.50 per bpu range before large storage deficits start to take place.
NYMEX:NG1!
by RayleWoodInvestments
Natural Gas: Short opportunity near the monthly Resistance.Natural Gas is extending a strong 1D bullish leg (MACD = 0.113, Highs/Lows = 0.2976) which has entered into the overbought territory (RSI = 75.562). Being near the 1M (monthly) Resistance, the right conditions for a medium term short trade emerge. Even the 1D RSI is close to a Double Top and may follow the previous sequence of March - May 2019. Notice how the uptrend's lows are symmetrical with the downtrend's lows. Under these conditions our Target Zone is set at 2.500 - 2.450. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
OANDA:NATGASUSDShort
by InvestingScope
Natural Gas - Go LongIf we compare past economic trends from our past in terms of our natural gas price, there are obviously many factors that contribute to the price of Natural Gas as well as the timings of the swings. Most often, natural gas will see price increases more often in the winter if we see unexpected changes in winter weather making it a seasonal bet. In this chart I have compared the federal funds rate, the SPX 500, and the price of natural gas. These factors, from historical perspective, attribute to substantial correlation especially when we are near a market top. The more instability has shown to greatly change the price of natural gas and we can see shortly after markets reach substantial highs, natural gas has dropped to substantially low prices, then, shortly after, they correct in a substantial move. Politics play a huge factors in the price as well with political candidates speaking about banning fracking, most likely, this will be a positive for the natural gas price. Given a ban to fracking, basic economics states that when supply decreases, while demand remains constant, we will see price increases to the area of supply deficiency. Global warming can be looked at as a negative for natural gas prices as well, but the world is not heating fast enough to reduce demand for natural gas. In fact, we are seeing a rise in natural gas power plants as an alternative energy source given its low price compared to other fuel sources. Any increased demand will need to be met by an increased supply, but if natural gas prices do no rise we may see energy companies enter bankruptcy. It is my expectation that natural gas will slowly become an increasingly monopolized industry, this will be due to the factors I have listed above, but mostly because smaller companies will lose profitability potential and be forced to sell their assets to larger companies that are more sustainable. a monopolized industry will raise natural gas prices overall, but we will maintain smaller price swings heading into the future. The reason for this is because we will see a huge possibility that the United States will nationalize the natural gas industry similar to the way we treat utility companies who provide us energy. In the short term, going long natural gas should reap great reward as our economic expansion wanes especially as we are entering another winter. Please post a comment below if you would like to discuss this idea further. I do understand there are many other driving factors to the price of natural gas. Cheers, AC
NYMEX:NG1!Long
by RayleWoodInvestments
3