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00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
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Natural Gas
NATGAS Risky Long From Support! Buy!
Hello,Traders!
NATGAS went down from
The resistance of 2.00$
Just as I predicted but
Has now reached a
Local support level of 1.772
From where we are already
Seeing a bullish rebound
And I think that the
Price will go up
Buy!
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NATURAL GAS Cycle bottom. Now one of the best buys of the year.Natural Gas / NG has been trading inside an 18 year Channel Down pattern.
It has been below both the 1M MA50 and MA200 since January 2023, as it entered into the 2nd phase of the Bearish Wave.
Last week it hit the Falling Support Zone as well as the horizontal Support Zone, which is in effect since December 2015.
The 1M RSI touched its own Rising Support.
We are at the bottom of the Sine Wave, which means that this is a Cyclical Low, a pattern holding since 2010.
This is a very bullish long-term mix and indicates that we are at or at least very near the new long term bottom.
Buy and target 3.500, which will be at the time as close to the 1M MA50/200 as possible. Also it will be almost a +137.20% rise, which remarkably enough, this is by how much NG has risen initially after each bottom.
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Natural Gas Price Forecast | DXY Crude Oil Silver GoldNatural Gas Price Forecast | DXY Crude Oil Silver Gold
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05:29 AMEX:UNG Stock Forecast
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11:08 Gold XAUUSD Stock Forecast
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Natural Gas & Oil : is energy breaking out!Natural gas got a positive weekly close. this close sets up a potential short squeeze to $2 & $2.25 as long as we stay above the hourly chart neckline.
Oil has just made it highest weekly close in 18 weeks. Oil has now broken out to the upside and this could be very detrimental to consumers and the inflation fight.
If oil holds above $80 it's going to try to push for $84 and $90.
Natural Gas Price Forecast | DXY Crude Oil XAUUSD XAGUSDNatural Gas Price Forecast | DXY Crude Oil XAUUSD XAGUSD
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
04:55 AMEX:UNG Stock Forecast
07:08 USO Oil Stock Forecast
09:20 DXY US dollar Stock Forecast
10:54 Gold XAUUSD Stock Forecast
12:28 Silver XAGUSD
NATGAS Resistance Ahead! Sell!
Hello,Traders!
NATGAS keeps going up
In a bullish correction but
The price will soon hit
A strong horizontal resistance
Level of 2.016$ and after
That retest a bearish reaction
And a move down are
To be expected
Sell!
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When will there be the long-awaited rebound in gas prices?If you would like to be notified whenever I post a new article, just click "FOLLOW" at the top. Also, if you would like to elaborate on a particular topic or need some advice, please comment below the article and I will be happy to help you.
When will there be the long-awaited rebound in gas prices?
After a sharp drop of 7.5 percent in the previous session, the U.S. Natural Gas Future - Apr 2024 (NGJ4) rose slightly above the $1.65/MMBtu mark. Traders are facing an oversupply situation with high storage levels and weak demand due to a mild winter.
However, producer efforts to limit production are providing some support. Despite a brief interruption in January due to Arctic frost, gas production still remains at historic highs. The mild weather has led inventories to be well above average, as evidenced by EIA's latest report showing storage levels 22.3 percent above normal.
As a result of prices falling to their lowest in 3 1/2 years, Chesapeake Energy has reduced its production plans
With natural gas prices near multi-year lows, it is fair to ask whether this is a good buying opportunity.
To get an accurate forecast of the future of the gas market, it is critical to analyze the outlook of its producers. These companies provide valuable data that can help us determine whether the stock is overvalued or undervalued.
In addition, by considering the correlation between these companies and natural gas futures, we can get a better idea of the trend of the natural gas market.
If you are thinking of investing in this sector, avoid doing so through futures. We are currently in a Contango situation. This means that future prices are higher than the current futures price, causing an upward curve.
As we get closer to the expiration date of the contract, the gap between the spot and future prices will narrow, causing the curve to converge back to the spot price.
If you are looking to invest in gas, your best choice would be to buy shares in gas producers. In this article, we will take a look at Antero Resources Corp using One of TRADINGVIEW's features to better understand the financial aspects of the company.
TRADINGVIEW is like having a high-level technical analysis expert at your fingertips. Because of its intelligence, it automatically analyzes the company providing you with important data that would otherwise take months of study to calculate.
As you can see from the images, the stock is in the sell zone as shown by the oscillators and this indicates a potential downtrend.
This means that it is still too early to buy natural gas. The ideal time might be the second quarter of the year.
With the arrival of a hot summer, the demand for natural gas to power air conditioning systems could increase significantly. As a result, we expect the price of natural gas to increase starting in April.
It should be kept in mind that the demand for natural gas for summer cooling is much lower than the demand for winter heating in the United States. According to the average seasonal data for the past 5 years, January is the month with the highest demand for natural gas, while July slightly exceeds August as the peak summer month. Overall, total gas consumption in the United States in January is 35.5 percent higher than the demand recorded in July.
An opportunity to increase gas prices could come from a major player in the energy sector such as Chesapeake Energy Corp, which recently announced a 20 percent reduction in capital asset investment. This will result in a decrease in the number of drilling rigs, thus reducing gas production and oversupply in the market.
I look forward to seeing you in the next article! And remember, always rely on TradingView for your trading: an essential tool that can help you avoid serious mistakes in your trading.
You can purchase it through this link
www.tradingview.com
Natural Gas Price Forecast | DXY Crude Oil XAUUSD XAGUSD
Natural Gas Price Forecast | DXY Crude Oil XAUUSD XAGUSD
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
06:13 AMEX:UNG Stock Forecast
08:12 USO Oil Stock Forecast
10:01 DXY US dollar Stock Forecast
11:54 Gold XAUUSD Stock Forecast
13:04 Silver XAGUSD
/NG: Secondary Bearish Entry Targeting Gap-Fill and a BAMMNatural Gas has gapped up to the 21 SMA during tonight's futures open and appears to be setting up for one last decline to fill the gap, but I think it will likely overshoot the gap and come down to the HOP level of the Bat down at around $1.50 to compete the BAMM, from there we may see natural gas attempt a bottom.
Natural Gas, OIL Silver DXY Gold Price Forecast:Natural Gas, OIL Silver DXY Gold Price Forecast:
Support & Resistance Guide
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
06:13 AMEX:UNG Stock Forecast
08:12 USO Oil Stock Forecast
10:01 DXY US dollar Stock Forecast
11:54 Gold XAUUSD Stock Forecast
13:04 Silver XAGUSD
Natural Gas Futures Bearish Square Up to $1.6 is LikelyNatural Gas has recently gone up a lot, the problem is that much of this was done in pre- and post-market sessions, with square-up candles printed along the way. It is very likely that as Natural Gas breaks back below $1.70 that we see the price-action square up to the $1.6 area.
Natural Gas Price Forecast | DXY Oil XAUUSD XAGUSDNatural Gas Price Forecast | DXY Oil XAUUSD XAGUSD
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
04:12 AMEX:UNG Stock Forecast
08:53 USO Oil Stock Forecast
10:55 DXY US dollar Stock Forecast
12:31 Gold XAUUSD Stock Forecast
13:42 Silver XAGUSD
Natural gas FibonacciNatural gas has a nice correction after the traders cash out their position after a big rally in price.
In this analysis i use Fibonacci retracements to see in the short term were the price can go.
The price hit 0.618 zone Fibonacci retracements in the correction down move so i expect to go back on the 0.618 zone Fibonacci expansion.
My TP is 1.720
Don't forget guys, this is just my opinion.
Good luck!
XNGUSD Short BiasXNGUSD on the 30-minute chart is accompanied by drawn-in trendlines, a Fibonacci
retracement as well as an anchored VWAP and volume profile. An RSI indicator is also added.
Price hit a recent high of 2.81 on May 19th and then trended down to 2.11. While a 50%
retracement might have been expected ( to 2.46) price only rose to 2.42. I consider this as
showing selling pressure from sellers to be slightly exceeding buying pressure. Short bias
for XNGUSD is confirmed since it is trading below the POC line of the long-term volume profile
and below the anchored mean WVAP which are acting as confluent resistance. The RSI topped
out at 60 during the retracement and has fallen below 50.
Overall, the chart supports a short XNGUSD trade with a stop loss just above VWAP / POC
and the target the trendline of support ( green line ) making for a Reward: Risk of
about 2:1 Any leveraged forex trade would amplify both potential loss and potential
profit.
XNGUSD- Spot Natural Gas Ascending WedgeAs shown on the 15 minute chart XNGUSD is in an ascending wedge pattern which is generally
considered bearish. In the past day, price has fallen slightly below the support trendline.
Is this a fake-out or a breakdown? The RSI had turned decidedly weak while the MACD lines
crossed above the histogram and are now under the horizontal zero line. These both suggest
a breakdown falling out of the pattern. Price was well above the high volume area of the
profile where there is little trading to support a further price rise. Overall, XNGUSD may have
went up too far and too quickly. I expect a full reversal as suggested by the mass index indicator
so I will short-sell this forex pair. with moderate leverage. The stop loss will be inside the
pattern just above the support trendline while the target is 2.35 about the value where price
started its previous uptrend.
Natural Gas, Uranium & NvidiaNatural gas has made an epic 2 day rally off the 52 week lows.
Looks like the Covid support zone is holding & we can move higher off of tight consolidation.
Uranium is into some minor daily chart support, a bounce is likely off the EMA 113.
Nvidia reported earnings and had a double beat. This stock was up over 10% in the after-hours. Completely saving and rallying the Nasdaq. Semis will be hot tomorrow, the question is, do they hold their gains?
Natural Gas Price Forecast00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
04:12 AMEX:UNG Stock Forecast
06:35 USO Oil Stock Forecast
07:40 DXY US dollar Stock Forecast
09:14 Gold XAUUSD Stock Forecast
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NATURAL GAS: Ahead of a 12 month Bull Market at least.Natural Gas is on a very sharp four month decline after failing to cross over the 1M MA50, the second most aggressive four month drop so far in the past 19 years. Since the July 2008 High, the market is trading inside a Channel Down and this sharp decline is technically the final phase of the Bearish Wave to a LL at the bottom of the Channel Down. That means that a long term buy opportunity is gradually approaching and we are estimating a fair target level to be 1.400 unless the 1M RSI touches the 15 year Buy Zone earlier. Every bottom rebound extended initially to at least +134% and that is our target (TP = 3.100) for the next 12 months. It will also be a potential test of the 1M MA200.
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