Natural Gas Price Forecast & 7 Mega Cap Tech Stocks ForecastWelcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias
- Natural Gas Natgas Stock in a daily uptrend
- natural gas ideally bounce at 3.18
#naturalgas #xauusd #dxy #xagusd #natgas #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil
00:00 Seasonality Data
01:05 QQQ Stock Price Forecast
04:04 Sp500 ETF Price Forecast
05:33 Tesla Stock TSLA Forecast Technical Analysis
07:13 Nvidia Stock NVDA Forecast Technical Analysis
08:51 Apple Stock AAPL Forecast Technical Analysis
09:59 Amazon Stock AMZN Forecast Technical Analysis
10:45 Google Stock GOOGL Forecast Technical Analysis
11:27 Microsoft Stock MSFT Forecast Technical Analysis
13:04 Meta Forecast Technical Analysis
14:16 Natural Gas stock Bulls NatGas Support & Resistance Guide
16:18 AMEX:UNG Stock Forecast
17:08 USO Oil Stock Forecast
18:06 Gold XAUUSD Stock Forecast
19:00 US dollar DXY Stock Forecast
Natural Gas
Nat Gas (UNG, NG) Retracement LongConsidering a trend continuation long in NG here. Per the attached charts (also using futures for zoning), we've had a decent pullback and are nearing intermediate-term (daily) demand. Using the futures chart, there are multiple 15-minute demand zones stacked 3.058-3.006. So, if we penetrate that zone (flirting with it now), look for micro timeframe reversal cues. Looking for a solid swing from this one, so we'll see what happens! Quick take, but want to get this posted as the trade is setting up as I type.
Godspeed!
Jon @ LionHart Trading
Natural Gas Trend Continuation LONGNot a market we trade super often, but there has obviously been a LOT of opportunity in natural gas as of late. After a long period of accumulation, NG has finally broken out to the upside. We are looking for potential trend continuation longs. Ideally, we would like to enter this trade around the ~3.00 level (roughly coincides with Anchored VWAP + support/resistance “flip zone”), but it may be a bit before NG trades back to those prices (if it does). However, shorter-term/more aggressive entries exist via demand zones circa 3.2. We’ve formed new/”fresh” 60-minute supply @ 3.346-3.380, so that is an upside target. One should drill down via smaller timeframes (30/20/15-minute), though, to see what additional supply zones form between ~3.2 and 3.346 – it’s likely other sell levels will exist within expanded range candlesticks formed earlier this morning (EST). Smaller timeframe supply zones + any resistance levels should serve as profit targets for longs; if you enter a trade with multiple contracts, you can always hold a runner and look for new highs if upside momentum is strong. Finally, keep in mind seasonality. We are doing a more thorough analysis here, but NG tends to catch a tailwind during colder months (vs. summer)... We’ll keep an eye on this market and will provide updates accordingly. As is always the case with trading, our approach/thesis could change as price action unfolds, so use your discretion when evaluating this idea. Questions/comments welcome!
Jon @ LionHart Trading
A Traders' Weekly Playbook - energy markets to direct sentimentWe look at the scheduled economic data and US earnings this week and question if given the fluid news flow from the Middle East, these events move the dial or if geopolitics consumes the full attention and direct sentiment.
We saw a rush to hedge portfolios on Friday ahead of a darkening picture emerging in the Middle East. The situation is dynamic and it's too early to say if the hedges placed on Friday are unwarranted, but there have been pockets of positive news flow – for example, US Secretary of State Blinken saying aid will get to Gaza via the Egyptian border, and Israel opening water supply to Southern Gaza, with over 600k Gazans moving south.
A call between US National Security Advisor Jake Sullivan and Iranian officials is a development, with the US warning not to increase aggression. As Israel's ground offensive pushes into Gaza, risk and energy markets will look for headlines and actions from Iranian officials who have stated they have a duty to come to the aid of the Palestinians.
Watching crude and Nat Gas
The energy markets are the first derivative to drive broad market sentiment this week, with crude and Nat Gas leading investors to trade volatility (options), as well as classic hedges such as gold and Treasuries. Amid a backdrop of ‘higher for longer’, and the US CPI inflation gaining 0.4% in September, higher energy prices could deliver a one-way punch to sentiment.
Given market participants are generally poor at pricing risk around geopolitical developments, it's no wonder most have looked to mitigate drawdown - but at this stage, while there is a growing wall of worry to potentially climb, the probability is traders will use strength in risky assets to reduce exposures.
The probability of supply disruptions is one of the key aspects here – last week we saw the closure of Chevron’s Tamar gas field in Israel – the focus has been rerouting that gas from the Leviathan gas fields in the North of Israel – if the market feels this gas field could be impacted then could see a spike in EU NG. Many energy experts see the risk of a supply event here as fairly low, but should developments escalate on various fronts, then the market will increase the possibility of a disruption.
The bear case for risk, given the potential for a significant rally in EU NG and crude, would be where the market increases the probability of Iran curtailing the movement of LNG through the Straits of Hormuz, where notably Qatar LNG supply (20% of the global LNG market) would be impacted. Again, this seems a low probability at this stage, but that will depend on Iran’s ongoing involvement and any new sanctions placed on them.
Downside risk to the EUR
If EU NG spikes higher in the near term, then talk of a renewed energy crisis in Europe will resurface and the EURUSD could be headed to parity. As said, this probability is a lower risk right now, but when considering the risks, this is the market concern that will be monitored.
While sentiment will move around on each headline, we revisit the hedging flows seen on Friday, as traders de-risked ahead of potential gapping risk – It’s too hard to make a call on whether these hedges are partly unwound in Asia.
Where did we see the hedging flows?
• Gold rallied 3.4% on Friday - a 3-sigma move and the second biggest day since 2020. A massive 299k gold futures contracts traded, the highest since May. XAUUSD 1-month implied volatility has pushed to 15% and 1-week call volatility has increased to a 1.75 vol premium to puts – the most since March.
• The XAUUSD price closed at a 2.8% premium to the 5-day moving average, which shows the sheer pace of the intraday rally, with limited intraday mean reversion – sellers just stood aside.
• Brent crude closed 5% higher with our Brent price closing over $91 and eyeing a move back to the recent highs of $96 – WTI Crude futures saw the curve lift and go further into backwardation – this typically means the market sees a higher probability of a supply shock.
• In equities, the VIX traded to a high of 20.78%, settling at 19.3% (+2.6 vols on the day) – a VIX index at 19.3% implies daily % changes in the S&P500 of 1.2% and 2.7% on the week.
• S&P 1-month put implied vol now trades at a 5.46 vol premium to 1-month calls – This volatility ‘Skew’ is now the most bearish since May – traders are ramping up the demand for downside puts to protect in case of drawdown.
• Market breadth was ok with 46% of S&P500 stocks closed higher – there was no blanket selling, but a rotation from tech and consumer names into energy and defensive sectors - staples, utilities, and healthcare.
• While we saw some buying in petrocurrencies (NOK & CAD) but traders played defense buying into the CHF & JPY – short NZDCHF was the play of the day (-1.4%), with GBPCHF breaking the long-run range lows.
• US Treasuries rallied with 10’s closing -8bp and 30’s -10bp.
Marquee event risks for the week ahead:
• NZ Q3 CPI (17 Oct 08:45 AEDT) – the market consensus is for 1.9% QoQ / 5.9% YoY (from 6%) – NZDCHF was the biggest percentage mover on Friday following the risk aversion flows – will the sellers follow through?
• UK jobless claims/wage data (17 Oct 17:00 AEDT) – the consensus for wages sits at 7.8% (unchanged) – UK swaps place a 29% chance of a hike from the BoE at the 2 Nov BoE meeting, will the wage data influence that pricing? GBPCHF trades the weakest levels since Oct 2022 and looks likely to be sold on rallies
• US retail sales (17 Oct 23:30 AEDT) – the advanced read is expected at 0.3% mom and the ‘control group’ element at -0.1%. The retail numbers could influence market sentiment, especially if we see a big miss to expectations, with USDJPY and USDCHF the pairs most sensitive to a weaker outcome. Gold could find further buyers on a downside surprise.
• Canada CPI (23:30 AEDT) – headline CPI is expected at 4% yoy, with core CPI eyed at 4% yoy
• Fed chair Jay Powell speaks at the Economic Club of NY (20 Oct 03:00 AEDT) – the highlight of the week. Expect Powell to focus on the view that moves in the bond market are mitigating the need for the Fed to hike further.
• China Q3 GDP (18 Oct 13:00 AEDT) – consensus is 4.5% yoy (from 6.3%) – likely a trough in China’s GDP, with better levels ahead.
• China Industrial production, fixed asset investment, retail sales (18 Oct 13:00 AEDT)
• UK Sept CPI (18 Oct 17:00 AEDT) – the consensus for headline CPI is 6.6% yoy (from 6.7%) / core CPI at 6% yoy (6.2%) – a risk to manage for traders holding GBP exposures
• EU CPI (18 Oct 20:00 AEDT) – no change expected in the revision, with headline CPI eyed at 4.3% /core CPI at 4.5%. Should be a non-event for the EUR and EU equities.
• Australia employment report (19 Oct 11:30 AEDT) – the consensus estimate is for 20k jobs to have been created in September and the U/E rate unchanged at 3.7% - expect the impact from Aussie jobs to be short-lived – preference to work sell limits in AUDUSD on the day and sell into strength.
• China new homes prices (19 Oct 12:30 AEDT)
• China 1 & 5-year Prime Rate (20 Oct 12:15 AEDT) – the consensus is no change with the 1yr rate to stay at 5.2% & the 5yr rate at 3.45%
US Earnings (with the implied move on earnings) – Goldman Sachs (3.7%), Bank of America (4.6%), Tesla (5.2%), Netflix (7.5%)
Central bank speeches:
BoE – Huw Pill, Sam Woods, Swati Dhingra
ECB – Villeroy, Knot, Centeno, Guindos, Holzmann
Fed – see schedule below
natural gas gold silver oil price forecastWelcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias
- Natural Gas Natgas Stock in a daily uptrend
- natural gas ideally bounce at 3.18
#naturalgas #xauusd #dxy #xagusd #natgas #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
04:23 AMEX:UNG Stock Forecast
05:35 USO Oil Stock Forecast
07:47 Gold XAUUSD Stock Forecast
09:40 US dollar DXY Stock Forecast
12:01 Silver XAGUSD
NATURAL GAS Sell signal on overbought Channel Up despite the GolNatural Gas is trading inside a Channel Up since the April 14th Low.
Despite forming a Golden Cross on the (1d) time frame last Thursday, we have a short term sell signal as the price reached the top of the Channel Up.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 2.950 (expected contact with the MA50 1d).
Tips:
1. The RSI (1d) is highly overbought, the highest since May 4th 2022, making the sell signal stronger.
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Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count
Natural Gas - On the 1hr chart, NG displays a clear impulse Wave formation, indicating that the market is likely to continue the bull run to the 300 range after the minor correction(may drop to the 260 range for the short term) and then we can expect significant correction toward the 180 range.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
CAPITALCOM:NATURALGAS FOREXCOM:NATURALGASCFD MCX:NATURALGAS1! PEPPERSTONE:NATGAS NYMEX:NG1! MOEX:NG1! VANTAGE:NG
Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count
Natural Gas - On the Daily charts, NG displays a clear impulse Wave formation, indicating that the market is likely to continue the bull run to the 300 range after the minor correction(may drop to the 250 range for the short term) and then we can expect significant correction toward the 162 range.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
CAPITALCOM:NATURALGAS MCX:NATURALGAS1! PEPPERSTONE:NATGAS NYMEX:NG1! MOEX:NG1!
NATURAL GAS 25% GAINS IMMINENTNATGAS is lining up to break out of this bullish consolidation structure/ bull flag and reaching its next resistance zone around 3.4-3.5.
This resistance also coincides with the measured move of this bull flag.
Upon entering on the breakout my SL would be below the previous lows giving a 2-1 RR.
A case for a Short on Natural GasA simple scenario with 3 elements that might occur for a potential shorting setup. In case a new high is formed and resistance is met at the orange line with signs of a potential turnaround, the case for the short becomes even more relevant if a divergence on Awesome Oscillator appears. There is an interesting support curved trend line following the previous lows of the waves of the market, and if this green level is broken the pullback could see this going somewhere from 3.1 to 2.9.
Any short position in the green can be carefully managed with tight stop loss or exit if bullish momentum catches steam, especially if the opposite scenario of an AO divergence is met, signaling the potential end of the pullback which could turn out to be just a correction in the overall bullish direction of the price.
On the other hand, this could also be the end of this bull run and bring the price back down around 2.83 where most of the previous wave lows have been formed.
Natural Gas Price Forecast & stock market update00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
02:40 AMEX:UNG Stock Forecast
04:50 USO Oil Stock Forecast
07:05 Gold XAUUSD Stock Forecast
09:00 US dollar DXY Stock Forecast
10:39 Silver XAGUSD
12:41 QQQ Stock Price Forecast
15:06 Sp500 ETF Price Forecast
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16:58 Nvidia Stock NVDA Forecast Technical Analysis
18:15 Apple Stock AAPL Forecast Technical Analysis
19:44 Amazon Stock AMZN Forecast Technical Analysis
22:03 Google Stock GOOGL Forecast Technical Analysis
23:55 Microsoft Stock MSFT Forecast Technical Analysis
26:31 Meta Forecast Technical Analysis
Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count
On the Daily charts, NG displays a clear Triangle Wave formation, indicating that the market is likely to undergo a significant correction toward the 162 range. It is advisable to exercise caution when considering long positions. However, if the market breaks above 272, this view would be deemed invalid.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
CAPITALCOM:NATURALGAS MCX:NATURALGAS1! FOREXCOM:NATURALGASCFD NYMEX:NG1! MOEX:NG1! PEPPERSTONE:NATGAS
Impact of Fed's Interest Rate Hikes on Gas and OilOn October 4, 2023, the OPEC+ ministerial panel did not make any changes to the group's oil production policy after Russia and Saudi Arabia announced continued voluntary supply cuts to support the price of black gold.
However, Brent and WTI crude futures have fallen more than 13% over the past week on concerns that central banks could raise interest rates again to more aggressively fight inflation. In addition, rising unemployment and the slower pace of China's economic recovery are also putting further pressure on oil prices.
On the other hand, the US and European Union economies remain strong despite numerous problems, including high inflation and geopolitical tensions due to the military conflict between Russia and Ukraine. Thanks to stronger-than-expected consumer spending, global economic growth continued into the third quarter of 2023.
From the point of view of technical analysis, we believe that on September 28, the global wave (3) was completed, which, as it should be, was the longest and strongest wave, which is also reflected in the fact that this asset attracted the attention of the mass public. On October 5, 2023, wave A was completed, which belongs to a larger corrective pattern of the (4) wave, implying a continuation of the downward movement of the Brent crude oil price after reaching a strong resistance zone in the $89-$90 range. By the end of the fourth quarter of 2023, we expect the price to reach $77-$78.
In addition, global oil prices are under pressure, partly because gas storage facilities in Europe are full.
It should be noted that oil prices and the US Dollar index (DXY) are often inversely correlated, meaning that when the DXY rises, oil prices usually fall and vice versa. So, in recent weeks, the dollar has been strengthening, making oil more expensive for countries using other currencies, which reduces demand for it and, as a result, oil prices.
NATGAS Swing Long! Buy!
Hello,Traders!
NATGAS was trading around
The very bottom in a triangle
Pattern and now finally we
Are seeing a bullish breakout
Which we all expected and
Now we have a bullish confirmation
So we are bullish biased now
And we will be expecting further growth
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
NATGAS on a verge of a significant correction?Interesting development reaction from the top arc over the past 6 months and I'll be taking a punt myself on this one, especially since most brokers are paying out for traders to sell $NATGAS. My broker is paying out c3% and I wouldn't mind a piece of that.
SL is tight with a huge potential gain of 5.7/1 .
The most recent corrections from the top of the arc have been between 10-12 days which would take us to the 16th of October.
You can see an extremely strong bearish divergence on the 4hr chart, as well as the daily which usually means that consolidation is soon under way.
Recession will undoubtedly will take place at some point in the near future which usually means commodities heading down due to low demand.
This is not trading advice, but I'm extremely excited to see this unfold.
Cheers,
Sky
Equalized Natural Gas and Crude Oil Over DecadesThe goal of this chart is to attempt to show the impact of energy costs in the current economy. We use equal amounts of natural gas and crude oil according to economic websites, so a chart that shows the year-over-year % change of energy costs would be useful to look at so we aren't confused by headlines.
Everyone seems to be looking at crude oil as the main driver of inflation, but at the same time refusing to see that natural gas has fallen quite dramatically over the same time window.
What I have done with this chart is to plot the ratio of the price of crude oil to natural gas using the 2nd month contract because of the negative price of crude oil in 2020. The current ratio is around 26, so I then used the 26 ratio to plot the top chart. I multiplied NatGas by 26 and added it to Crude Oil to get a "total energy cost" to the economy. I then did a 1 year rate of change to show the oscillations of "bearish headwinds" of inflation and "bullish headwinds" of deflation. Obviously, lower energy prices are supportive of the economy and higher energy prices are inflationary and imply producers and sellers will raise prices, putting pressure on the Fed to raise rates to cool off the economy.
Currently, we have a -31.59% YOY% change for the total cost of energy and as recently as May we were at -61%.
Granted, energy is not the entire economy. Energy is only 6% of the economy so it is just a small part but it feeds into everyone's costs.
Next I will work on some ways to create specific market buy and sell signals to see if we can make a permanent indicator for this idea.
Wishing you all well.
Tim West
9:06AM EST, Wednesday October 4, 2023
Natural Gas Price Forecast DXY Oil Gold SilverNatural Gas Price Forecast DXY Oil Gold Silver
Welcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias
- Natural Gas Natgas Stock in a daily neutral trend
- Strongest resistance for natural gas resistance is 3.03 to 3.17 range
#naturalgas #xauusd #dxy #xagusd #natgas #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
03:54 AMEX:UNG Stock Forecast
06:06 USO Oil Stock Forecast
08:39 Gold XAUUSD Stock Forecast
12:09 US dollar DXY Stock Forecast
Natural Gas waiting for a spray up to 4.13Cup and handle is forming on the Natural Gas daily price chart.
It started on 2 March 2023. And since then it's been forming higher lows.
We are just waiting for a strong breakout to the upside before all steam ahead.
7>21 - Bullish
Price>200 - Bullish (For the first time in months)
RSI>50
Target 4.13