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Natural Gas

NG rally imminent creating BOIL rally - call strategyI expect NG to rally off the lower trend line of the pennant and go to at least the $8.47 liquidity zone. This is not purely a technical play as it is the season to expect increases in gas consumption/demand. Technically all the signs of a rally are present. The Weis waves for supply are decreasing and demand is increasing. The accumulation/distribution line has turned up. There is an increase in volume associated with the buys sufficient to build momentum to cross the creek/ break through the upper trend line. My target for NG is based on the liquidity left there from the last swings. My first target for Natural Gas is $7.50. Second is $7.72. The trade will be invalidated south of the lower pennant trend line so a 'stop' placed there. I am playing this long with October call options in BOIL While I am purchasing BOIL and not NG, my stop will be triggered by NG quote trigger - crossing 5 cents under the low of 9/26 at $6.72. It is possible there will be a shakeout/spring/liquidity grab before the real move so cannot set stop too tight. This is what I see in NG1!: And this is my chart for BOIL: My play is options. Aiming for a home run on this. It is possible that both NG and BOIL will bounce off the targets the first time, so if you copy the naked option play the perfect play sells the calls on the pullback and buys back lower. But be careful being greedy! :)
NLong
by offrover
Natural Gas (NATGASUSD): Confirmed Breakout 💨 Last week, I shared with you a head and shoulders pattern formation that I spotted on Natural Gas on a daily time frame. The price has successfully closed below its neckline. The price is currently heading towards 6.175. Bias remains very bearish. If you missed the entry, consider an occasional retest of a broken neckline. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
NShort
by VasilyTrader
4
NATURAL GAS - NatGas - shortok ok .. this not an easy trade!.. probably, in this moment work on Natural gas is near to gambling at casinò but based on technical point we can have a short direction Let me explain the main point 1) COT report say that non commercial are short (with increase) 2) Europe has completed the "stock" for this winter 3) Europe has created a big plan to reduce the electricity consumption 4) USA has a short possibilities for increase the natural gas export at least for the next two mounths 5) The petroil cost are decrease and cuold be more convenient that GAS --- all this with technical wave analysis suggest a potential drop ... Trade safe.. always
NShort
by flyhorse
The head and shoulder pattern means only one thingNatural Gas behave erratically and its extremely chaotic. It likes to give you the assurance that you are in control while sneaking and stealing your money away. It shows a head and shoulder patter, an even double top pattern. All the technical markings are showing one thing, NG! is ready to reverse it's price action. But when it's clear, too clear should you believe NG! I wouldn't. Technical analysis says NG should reach $5 but my gut feeling says it will try to rip you off one last time. I would expect the great crash around next January. Not now. But if it happens now, make sure to stock up some for really good long positions during the winter.
NYMEX:NG1!Long
by titus22045
Sep 23,22-NG still sliding...to what? 6?So recession fears are the talk of this week and the markets are tanking. As you all know, people have a short memory - could be next week or the week after, NG will rise again. Be ready for the turnaround and ride it up. That's what I'm going to be looking for. How low will it go? Probably 6.5 for sure, maybe even 6. Next week is a new week so trade smart - volatile times we are in that's for sure. Between War, Cold coming, and world resources changing ESPECIALLY regarding NG (as Russia has cut Europe off), NG is going to be a hard one to trade. Stay safe and enjoy your weekend! Heiko
NYMEX:NG1!Short
by HEIKOTradingSystem
Natural Gas Futures ( QG1! ), H4 Potential for Bearish DropTitle: E-mini Natural Gas Futures ( QG1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 8.440 Pivot: 7.630 1st Support: 6.950 Preferred Case: On the H4, the overall trend is still descending and respecting the ichimoku indicator hence we are bearish bias. The price is forming a shoulder head pattern hence price might drop from the pivot at 7.630, which is in line with the 23.6% fibonacci retracement and the neckline of the head shoulder pattern to the 1st support at 6.950, where the 100% projection , 161.8% and 127.2% extension sits. Alternative scenario: Alternatively, the price could rise to the 1st resistance at 8.440, which is in line with the 61.8% fibonacci retracement and 38.2% fibonacci retracement Fundamentals: No major news.
NYMEX_MINI:QG1!Short
by Genesiv
Natural gas: head and shoulders top pattern; $5 in sight?US natural gas prices have formed a head and shoulders top pattern, which may signal a weakening of the current major bullish trend and a subsequent reversal into a bearish one. The left shoulder coincided with the relative highs at the end of July at $9.30/MMbtu, a level that was then followed by a pullback to $7.53 (August 8) prior to the beginning of a new rally toward the head at nearly $10. The right shoulder was formed by the decline from $9.97 to $7.80, followed by a brief rebound at $9.22 and another decline to the current $7.86. Although a brief breakdown was seen in the September 19 session, natural gas is now testing the neckline of the head and shoulders pattern. If confirmed, we could see a return to the level of $5.30, which were hit in early July 2022. Additional bearish technical signals for the price of US natural gas include the MACD oscillator dipping below the zero line and the RSI slightly pointing south. Idea written by Piero Cingari, forex and commodity analyst at Capital.com
CAPITALCOM:NATURALGAS
by Capitalcom
1
Natural Gas (NATGASUSD): Technical Outlook 💨 Natural Gas formed a huge head and shoulders pattern on a daily time frame. 7.33 - 7.88 is its wide horizontal neckline. If the price breaks and closes below the neckline, it will be a very strong bearish signal. I believe that then the market can easily drop to 6.17 level. Remember, that for now, a neckline represents a strong demand area. Consider shorting only after its breakout. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
NShort
by VasilyTrader
6