Buy Natural GasNatural Gas and most oil and gas related commodities go up around winter (obviously). Not sure about this trade it had a good risk to reward ratio so obviously 👍. If taking this trade be careful and input multiple TPs.
Natural
NG Major ReversalA ton of commodities are bottoming imo, this is one of them. Good r/r to long, recovery rally longs are always the best trades in terms of r/r.
SELL NATURAL GAS BELOW 20 EMA FOR 50 EMANATURAL GAS MOVING CLOSURE TO 50 EMA, A LITTLE SUPPORT AT 20 EMA. ADVICE TO SELL BELOW 20 EMA FOR TGT OF 50 EMA, A SHAPE OF REVERSE CUP WITH HANDLE IS ALSO FORMED IN MCX ON DAILY CHART. KEEP EARNING.
Perfect Falling Wedge Pattern: Bullish FormationThis is on the 2 HR chart on October Contract. Quite a bearish week. I still believe we are headed up. Very short time frame to have a full blown bearish continuation with winter right on the corner and demand expected to start rising with cooler temperatures. Also Hurricanes and storm season is upon us. Usually we see spikes in prices in September, October & November.
We’re reaching very strong support Zones. I believe this could have been a necessary correction for the bullish trend to come. I expect we go to somewhere around 2.7-2.8 where massive resistance is. We could go somewhat lower this week to where the scribbles are below the falling Wedge Pattern which gives us confirmation on a bullish run expected back to bullish trend upward lines.
Natural Gas At Support - Elliott wave analysisHi traders,
Looking at natural gas, we are still tracking a correction in wave (4). Currently it is trading at 2.4 support level, which can be first potential turning point zone, however, in case of a deeper corrective W-X-Y, price can retest 38.2 Fibo. retracement and the base channel line (2.2 area), where support can also be seen.
NATURAL GAS Trading PlanPattern: Channel Up on 4H.
Signal: Bullish on the 4H MA50 or if the Channel Up breaks upwards.
Target: 2.650 and if 2.680 breaks (+12% from low) potential extension towards 3.000 (+27% from low).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
NG: UNG: BOIL: Natural Gas Chart Forming a Top?Bullish factors: NG Natural gas price has been rallying for the past month reaching $2.5 level on increased consumption during summer months, improving LNG flows reaching 5.1 bcf/d in mid-August, and two tropical storms in the Gulf area threatening natural gas production. The fundamentals remain bullish going into mid September.
Bearish factors: Production is steady at about 92 bcf/day, while consumption has been declining to 83 bcf/day lately on cooling temperatures. Two tropical storms, Marco and Laura, are not expected to produce substantial disruption to natural gas production, but may produce loss in demand due to cooling temperatures and power outages.
Technical analysis: Divergence between price and volume is pointing toward a potential top. On a daily chart , RSI is above 70, approaching overbought territory. We have an unclosed gap at $2.77 level, which may be the next top.
National demand is expected to be cooling going into September. Overall demand will be driven largely by LNG exports, which are expected to remain steady at around 5 bcf/day, 10-20% below levels seen in the fall of 2019. The forward curve seems to be pricing in a more robust recovery in demand than actually observed.
NG: UNG: BOIL: Natural Gas Chart is Forming a TopBullish factors: NG Natural gas price has been rallying for the past month reaching $2.5 level on increased consumption during summer months, improving LNG flows reaching 5.1 bcf/d in mid-August, and two tropical storms in the Gulf area threatening natural gas production. The fundamentals remain bullish going into mid September.
Bearish factors: Production is steady at about 92 bcf/day, while consumption has been declining to 83 bcf/day lately on cooling temperatures. Two tropical storms, Marco and Laura, are not expected to produce substantial disruption to natural gas production, but may produce loss in demand due to cooling temperatures and power outages.
Technical analysis: Divergence between price and volume is pointing toward a potential top. On a daily chart, RSI is above 70, approaching overbought territory. We have an unclosed gap at $2.77 level, which may be the next top.
National demand is expected to be cooling going into September. Overall demand will be driven largely by LNG exports, which are expected to remain steady at around 5 bcf/day, 10-20% below levels seen in the fall of 2019. The forward curve seems to be pricing in a more robust recovery in demand than actually observed.
NATURAL GAZ SHORTThis is An update,
As I said Market will Star change direction this morning
Don't Buy market today or tomorow and wait..,
So my advice was Only short market below 2.38 SO our prediction was right, and market now at 2.35
Mathematically only Sell hard below 2.39 retrace. first target 2.30 second target 2.175
Good luck
NATURAL GAS Rallye haussier du natural gas après avoir casser la résistance des 1.962, celui ci pourrait continuer a faire des plus haut dans ce long canal haussier qui vient de se former.
Notre vue est plus du côté des bull mais nous nous attendons a une légère correction du marché avant de retrouver une hausse plus importante.
Voici nos objectif , nos zone de risques , ainsi que notre prix d'entrée.
NATURAL GAS SIGNAL ALERTE⚠️ ⚠️
BUY / ACHAT🟡 : 2.298
STOP LOSS🔴 : 2.178 TP 1🔵 : 2.592
TP2 🟢 : 2.888
POTENTIEL PROFIT : + 25,61%📈
POTENTIAL LOSE : - 5.06%
@FOREXONOMIE
NATURAL GAS Sell SignalPattern: Bullish Megaphone on 1D.
Signal: Sell as the price is testing the Higher Highs trend-line of the pattern. RSI also close to a top.
Target: 1.950 (potential Golden Cross).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
Shout-out to TradingShot's top TradingView Coin donor this week ==> @scheplick
Crudeoil to be in range with a CUP of CoffeeCrudeoil is to be in range for some days . it is being in tight congestion zone for more than 2 weeks and recent make of lower high and higher low sends the signal of confusion in the market , thus a rangebound movement is expected.
Further a Cup and handle kind of formation has taken place which can give upside breakout
Sun Power "Handle;" Sideways trading pattern Could be Great signSun Power $SPWR is forming a long handle following the cup seen previously in my last SPWR post. This corrective pattern now has this trader sitting at 1cent per share below an avg . cost of 9.75. It still remains to be seen if this can go parabolic, make a big run, and break from the cup and handle. As to the certainty it does? It is hardly based on chart harmonics, but mostly on the general bullish trends in the natural energy sector (Simple and similar plans are applied to $FCEL).
Stay in tune with Sun Power: The current entrance point of 9.74/share is STRONG. This is still a LONG that probably ends up being beneficial after the handle is formed. It could be a 2-month sideways pattern, even, before the eventual breakout- which cannot be assured of arriving, either. Nevertheless,
Happy Trading,
And may the odds be forever in your favor!
-BDR
$SPWR a Strong Long; Great Entrance Point -- BULLISH!With the natural energy sector booming, $SPWR has made a great play thus far. Entering on Monday, it has gained since and looks to still be in for a strong corrective wave. The ultimate potential of this is not fully clear. However, thus far, the entire sector has had a tremendous past month. It is a well-proven company trading much lower than it once did, but with the entrance, both low and cheap, the correction could be **Substantial**
Happy trading!!
-BDR
NATRAL GAZ FUTURES weekly analysisHello everyone
the weekly chart for this market shows the downtrend in the next week.
also we must be vigilant of the change in the direction of the market
please subscribe for more details
UNG: NG Natural Gas Declining Through Summer on Low DemandNG Natural Gas August futures contract has been declining on cancelled LNG shipments and low national demand. US supply keeps steady outpacing demand. US demand started improving on June 21st due to reopening of NY-NJ-PA economies. However, Texas extended its lockdowns, counteracting positive effect of the East Coast. Seasonal heat is high. But with 40-50 August LNG shipments cancelled, the market may remain in oversupplied state for months to come.
August 24th may be a potential turning point for natural gas. Prices are likely to continue decline under current oversupplied conditions. Analysts see target support at $1.25, 1995 low, and then at $1.00, all-time low. Resistance is seen at $1.52, and $1.60 levels.
Technicals: Daily chart is pointing to a neat-term bottom with potential upward move within declining channel. NG rolled into August contract, which was trading higher than July contract, which could explain a Friday pop. There is a possibility for a near-term price improvement to $1.65- $1.75 level (tentative), between July 1st and July 17th, with continuing decline after mid July.
Natural Gas: Excellent Buy Opportunity for Long-term Investors.Natural Gas is trading within a Channel Down (on the log scale) on the 1W chart (RSI = 45.584, MACD = -0.111, ADX = 31.401) since 2009. This pattern provides very accurate Cycles, bullish when a Lower Low is made (green arrows) and bearish when a Lower High is made (red arrows).
At the moment the price has just made contact with the Lower Low trend-line, making Natural Gas an automatic long-term buy opportunity for the next 2-3 years. Keep a few reserves for the lower slope dotted Lower Low trend-line for one last buy if needed. Depending on your risk tolerance book the profit just above the 1W MA200 (orange trend-line) and re-buy on the test of the 1W MA50 as support. This pattern took place on the previous two Cycles.
** If you like our free content follow our profile to get more daily ideas. **
Comments and likes are greatly appreciated.
NG: UGAZ: Natural Gas Consolidating Lower. Demand Improving.NG Natural Gas July futures contract continues declining on recent lower demand. Fundamentals are still bearish: low LNG exports, 4 Bcd vs 9 Bcd in the winter, and cooler weather over North East. The temperature is expected go higher on June 25-28, per NatGasWeather. With economy reopening on June 20-21, EIA weekly report may turn bullish in the 1st week of July.
The chart is oversold; buyers are coming in at $1.60 level. Last week build was 93 bcf. A build below 90 bcf would be a bullish sign. A short-covering rally may happen soon in anticipation of improving demand.
Lower prices are still possible, if LNG exports do not improve, or weather does not prove to be hot enough. Yet, reopening of the economy should boost demand significantly moving into July.
