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Natural Gas

Sep 18,22-NG-Will it close below level?So I find a decent Support level around 7.5 - question is....will price close below 7.5 on Monday or not? If so, I think price could drop to 7. If not, price could consolidate for a while, then go up or down depending on a million things. I'm not looking for a sell order. I'm waiting for price to bottom out - then I will catch the rise, probably back to an ATH this winter. Winter scares me - between the cold and the war, I have no bloody idea when and how high NG will soar, but it scares the hell out of me. One thing I DO know is...I wanna ride that price action all the way to huge profits. I'll keep you updated as the week progresses. Heiko
NYMEX:NG1!Short
by HEIKOTradingSystem
NG buying opportunity or Selling???I am not a professional trader. But noticed a few points thought of sharing. Mostly I am bullish with NG. Especially from 2021 each drop I noticed as a buying opportunity. However, thought of alerting those who are bullish like me to be more careful at this point. Bulls to be careful for getting confirmation before any buy due to the below reasons. 1. Even On daily timeframe, a Head and Shoulder pattern is being formed 2. broken daily 50ma and 100ma 3.Broken 200mas on 1 hour, 2 hour, 4 hours and might be going towards daily 200ma - if hit there of course a good place to buy. 4. my AI code also asks to sell from 2nd Sept. Good Luck
NYMEX:NG1!
by rubyps
Sep 16,22 NG-How low will it go? 7?Hopefully you all made some decent profits this past week. There looks like there is some support around 7.8ish. I'm thinking though it might get down to 7 as recession rears kick in and the world expects a slowdown. Remember, this is that lull before winter kicks in and NG usuall goes up in winter due to demand. This year?!?!? Who knows how cold it get, or how early the cold weather will hit. Sometimes in October, sometimes in December. Strap in and hold tight - gonna be a crazy next 6 months. Heiko
NYMEX:NG1!Short
by HEIKOTradingSystem
XNGUSD ready to reverse recent downtrend LONGGLOBALPRIME:XNGUSD XNGUSD a few weeks back downtrended afer breaking the neckline of a head and shoulders pattern down to the support of a double bottom formed in early August. Volume profiles are added to the 30 minute chart. I see an uptrend retracement of the recent downtrend and accordingly the following: Stop Loss at 7.64 just below the recent swing low Target 1 8.59 the bottom of the high volume areas and near the Fib 0.382 Target 2 8.84 just under the Fib 0.50 Target 3 9.15 just under the POCs of the volume profiles and the neckline of the head and shoulders pattern. Fundamentals: decreasing DXY will cause a relative rise in commodities; winter is coming storage of compressed NG is underway and increasing demand. All is all, this forex pair is ready for a long trade.
XLong
by AwesomeAvani
1
Natural Gas / NG - What, Truly, Is a Bull?The terms "bullish" and "bearish" when used on Twitter and TradingView and in the media are more or less just poorly positioned synonyms for "going up" or "going down." Yet, it's a misnomer because some of the craziest pumps you'll ever see are during bear markets, and some of the craziest dump-a-thons you'll ever endure are during the most parabolic bull markets. Right now, the energy world is ablaze because the Russian Federation has more or less cut Europe out of Nord Stream 1 while Europe is already in the middle of an exceptional energy crisis, wrought by its own choices to follow the globalist-communist bloc in trying to punish Putin for a war in Ukraine that roots back to more than a decade of U.S.-NATO-led pot-stirring. News like this causes Europe's natural gas futures to print remarkably stupid prices, making a huge amount of widows from those who were trading short, and energy companies who are paying those prices and yet cannot charge those prices to the end user because of socialist command economy policies placed by the government. However, for North America's Henry Hub futures, Europe needing gas doesn't really help, because the Freeport terminal that's really the only place that LNG gets exported in any meaningful quantity blew up in July. It was supposed to come back online in October. And yet, news of its delay until at least November already printed on Aug. 23. Taking a look at the monthly, you can see that NG is still, really, historically cheap: The Biden Administration is going to donate a great quantity of natural gas to Europe once Freeport is back online. In my view, we're going to see a new all-time high print. Something that starts with the number "2." But before we get there, it's important to keep a cool head, and ask yourself: if Freeport has been offline since July and was set to come back online in October, why does price meander in this $8-9.50 range so early? Taking a look at the weekly provides some context: Before Freeport blew up in the first place, NG was flirting with $9. Once it blew up, it immediately took a three week liquidation spree to $5.50, with the worst part of that trip occurring on the final day of June as monthly futures contracts settled. Then it bounced. And for a commodity whose market maker usually likes to whip it up and down and gap up and gap down with violence on daily and weekly opens, it really just went in a straight line back to $9. Expanding down to the daily, it's even more obvious how much this traded like the SPX500 does when the Fed's money printer is doing work so that 75 year old men can mash buy and take a nap: And now here we are, entering the second week of September post-Labor Day. All the propaganda outlets and pundits crank the sirens, chanting, "Europe Natural Gas Utilities Crisis Russia Gazprom Texas Heatwave High Pressure Heat Dome California Electric Grid Shortage!!!" And all of that is true, just like all of that was true for WTI Crude when it traded at $125 for two months. And yet somehow, despite the fundamentals and all the pundits calling for $180 and $350 BECAUSE REASON S, oil is down 30% and it still isn't finished dumping. So, why is it? It's not hard to figure out. It really isn't. Retail buys high because they see confirmation that something is going up, and then panic sells when it gets rugged. And then when it goes back up they mash buy at a higher price than they sold at because of "Fear of Missing Out," and then they don't sell when they're in profit because their target on the SPX is 12,836 because Gann and Elliot said so, and everyone wants to be that guy you hear about who bought Google at $2 and held it for 20 years while playing golf. If Shell or Exxon traded like that, they would be bankrupt, none of us would have electricity to read these words, and we'd all either die from heat exhaustion or freeze to death without AC and furnaces. The reality is that when NG dumped at the end of July, it still didn't dump deep enough to enter a discount in this overall trading range. We've simply been watching what is still currently the 7th straight week of premium trading. If Natural Gas is going to go to $20 when Biden starts donating energy to save NATO's European arms, it really would make a lot more sense if some time were spent so companies and funds could accumulate a significant position at a relative discount. And indeed, there are at least two fat and curiously unchallenged double bottoms presented in the 4H chart that just happen to be in the sub-50% dealing range and at a price so low that it will have margin calling and leave ZeroHedge and Javier Blas from Bloomberg and friends in bewildered disbelief as to how energy commodities aren't worth anything "in a recession." I often say that what a person thinks can happen and what is actually happening in this world and this Universe are simply two totally different things. A human being is heavily deceived by the slow grind of time and the ostensible appearance before their eyes. Reality, on the other hand, simply follows a certain law and it will complete itself according to that law no matter how anyone cries about it. Whoever is in harmony with the law will establish themselves, and whoever is afoul of the law will get liquidated. The caveat to this chart is time. I can only fit so many 4H candles in a window and so the time on this chart only extends into early October. These lower prices, if they really come, could happen later in October or even in November. And while it'll really be quite the opportunity, it's also a "second mouse gets the cheese" kind of thing for those who are trying to get long for the moon at $7 and $6.
NYMEX:NG1!
by LordWrymouth
8
LNG almost hitting my TP 182 posted last April 17@ 3.618 FiboI made a forecast last April 17,2022 that LNG will be hitting 182. At that time LNG already had A BIG RALLY & seemed to be topping out but actually it was making a FLAG CONSOLIDATION before another run. (I was bashed for that even thought it was only my opinion & not a trading advice) Look how my Fibo levels coincide exactly with ALL important levels in chart. In the coming weeks or months, LNG may have to supply Europe with cargoes of LNG at a premium price since Russia had cut off Europe”s LNG supply & winter is coming. Not trading advice
LLong
by xtremerider8
NATURAL GAS | A Head And ShoulderWednesday 14 September 2022 07:07 AM (WIB) Natural Gas is the most eccentric and unique pair compared with others. This commodity needs all of the required skills to read and understand the chart flows. I remember when Natural Gas was still at $3, and Crude Oil was still at around $37. The difference is Natural Gas move so slowly at that time, while Crude Oil moves like there is no tomorrow. So Aggressive. Currently, Natural Gas flies away high and reached almost $10. And Crude Oil fly away and reach $125 or might be more? That’s the difference. Traders seem to prefer to trade in Crude Oil, prefer than the trade in Natural Gas. Times go by so fast. Now, Crude Oil is on its way to the ground at $40 maybe? But, Natural Gas still fluctuates inside an Ascending Box with fabulous structures and patterns.
CAPITALCOM:NATURALGAS
by RyodaBrainless
1
NatGas: Chin the Bar! 💪NatGas is showing its sporty side and is chinning the bar at the resistance at $8.403. Soon, it should be warmed up enough to vault into the turquoise zone between $8.544 and $9.307, where it should then finish wave (iv) in turquoise. Afterwards, NatGas should jump below the support at $7.532 to complete wave (v) in turquoise as well as wave (2) in white before moving southwards again. Alternatively, there is a 28% chance that NatGas could do a somersault directly above the resistance at $10.028.
NYMEX:NG1!
by MarketIntel
EUR/USD analysis: US-EU natural gas gap narrowsRecent moves in the EUR/USD exchange rate have been driven primarily by the price differential between natural gas in the United States and Europe, rather than by the ECB's historic rate hike last week. Over the last 90 days, the correlation coefficient between EUR/USD and US-EU gas price differentials is 0.88, indicating a very strong relationship between the two variables. The price of gas in Europe has decreased drastically over the course of the past week, with the Dutch TTF benchmark falling by nearly 40% from its highs of €330/Mwh to its current level of €190/Mwh. This was aided by higher-than-expected EU gas storage levels at this time of year, as well as speculation in Europe about a natural gas price cap. When measured in dollars per million British thermal units ($/MMbtu), the European Dutch TTF is around $61/MMbtu right now, or about $53 more expensive than the US Henry Hub gas price, but significantly lower than the previous price-gap peak of $92/MMbtu. The narrowing Henry Hub-TTF price spread from $92/MMbtu to $53/MMbtu has helped the EUR/USD rally from 0.987 to 1.011. What next can we expect? This week, European nations are expected to announce long-awaited energy emergency measures aimed at lowering skyrocketing gas prices and alleviating the pressures associated with a complete Russian gas shutdown. If the market sees the announcements about energy policy as bad news for European gas prices (Dutch TTF), the spread between European and US gas prices may continue to narrow, which would sustain the euro in the short term. However, despite the fact that the price difference between European Dutch TTF and US Henry Hub gas has narrowed, European gas is still nearly eight times more expensive than US gas. This continues to be a significant drag on the European growth outlook, thus capping the euro's upside potential in the medium term. Idea written by Piero Cingari, forex and commodity analyst at Capital.com
by Capitalcom
2
Natural Gas | Fantastic ResistanceSunday 11 September 2022 19:45 PM (WIB) The Bearish Market is definitely on the move as shown in the Chart Flows from 4 Hours to Weekly frame. Preparing to sell off is a better option than buying Natural Gas. The price fluctuates below the middle lines now and looks difficult to move up (but be careful with some short-term volumes). At the Resistance, there is a Great Bearish Structure Pattern with different methods. While Traders in Natural Gas seem to find some Harmonic movement regarding this Ascending Box. Watch Intensively tomorrow morning when the market opens.
CAPITALCOM:NATURALGAS
by RyodaBrainless
Crude Oil... Long for now, maybe short soon after?Oil has been getting smacked sense the 29th of Aug. losing nearly 17%. It is time for a bounce. Today we are getting a nice reaction at the major trendline that started back in Oct. of 2020. Not only is there an important trendline to consider, but we also have a descending channel that is also coming into play. This channel is also very important as it contains all price action since the invasion of Ukraine. As we move on into the channel we see a smaller channel, a key range to recapture, and multiple golden pockets. The small channel, I feel, is self-explanatory. The key range to recapture is a price range that has influenced the price sense Nov. 2021, we must break above this range to make this a valid long trade. Finally, I use GPs to help me determine where prices will go. The GP nearest to the current price will be my first take profit target and possible short opt. The second and third GPs are simply two more major Tp targets. The top GP will not only be a great Tp but it will also be a amazing spot to get short on oil. Good luck!
NYMEX:CL1!Long
by farmtrader15
5