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Natural Gas

NATURAL GAS has bottomed. Excellent buy opportunity.Natural Gas (NG1!) has been trading within a Triangle pattern since the January 09 2024 High, so practically throughout the whole year and this week rebounded exactly on its Higher Lows trend-line, forming a technical bottom. The buy signal gets even stronger as not only has the 1D RSI been on a Bullish Divergence this time (Higher Lows against the price's Lower Lows) but also the 1D MACD formed a new Bullish Cross. Both indicators are posting similar sequences to the Triangle's previous bottom in Feb-March. As a result, being still below the 1D MA50 (blue trend-line), this is still an excellent early buy opportunity. The previous Bullish Leg peaked marginally above the 0.786 Fibonacci retracement level, so our Target is 2.900 (exactly on the new 0.786 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!Long
by TradingShot
Natural Gas Robbery Plan To Make and take MoneyMy Dear Robbers / Traders, This is our master plan to Heist Natural gas based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Stop Loss : Recent Swing High using 1h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
CAPITALCOM:NATURALGASShort
by Thief_Trader
1
Natural Gas: are bulls capitulating? The bulls have made 9 attempts at breaking out. All attempts have failed which has led us to this sharp decline. Nat gas is holding the 20 day MA but it does look somewhat vulnerable to going lower. The death cross is getting closer and closer as we approach the 50 MA & 200 MA downtrending intersection. Our members stopped out of the second half of UNG in profits I am now hoping and waiting for a sub $2 pierce retest. we shall see if we get it.
CAPITALCOM:NATURALGAS
by Trading-Capital
Identifying Profit Points and Key Short Opportunities for NGNatural Gas has exhibited a bearish trend beginning on June 12, 2024, with prices opening at $3.200 per contract. Throughout July, the market saw significant profit-taking activities, with trading prices oscillating between $2.120 and $2.000 per contract. This price range was perceived as a strategic buying opportunity, particularly at the L3 pivot point level during August 2024. Subsequently, prices encountered resistance at the R3 level, stabilizing at $2.320 for an extended period of ten days. This stagnation is likely attributed to institutional traders initiating short positions at this critical juncture, influencing the price dynamics. Further analysis of the quarterly chart reveals a notable rejection at the L4 level; however, it is crucial to note that prices remain above this threshold. Should prices decline below the pivotal level of $2.250 per contract, a bearish stance is advisable, with potential targets set at the monthly L4 of $1.840 and the quarterly L5 of $1.820. This analysis underscores the importance of vigilant monitoring of key resistance and support levels in the Natural Gas market to capitalize on potential trading opportunities.
NYMEX:NGV2024Short
by msrozba
4
Natural gas is the downtrend resuming? Nat gas still fits all the criteria for a large downtrend. Lower highs & Lower lows are still in place on the weekly timeframe. This obviously swings probabilities in favour of lower price. However historically were still at some oversold levels. Just because this asset is oversold honest mean it can't go lower. Im watching the daily 50MA & 200MA closely...do we get the death cross formation to occur again? Usually this signal provides a near term bounce but medium term decline.
CAPITALCOM:NATURALGAS
by Trading-Capital
7
Natural Gas: Do or Die!We secured half of our profits yesterday, however I still think we have a very good chance of higher price. Nat gas needs to make a decision by getting above this key Covid trend line. We are observing another "death cross" formation developing. If price action keeps rejecting the daily 200MA we may go lower. Today inventories came out: consensus was 42B actual -6B This was a dramatic forecast miss & supports higher price / more demand. If Nat gas can get above this key covid trend line, we are well on our way to $3+
AMEX:UNG
by Trading-Capital
Weekend Russia-Ukraine Update for Natural Gas Traders in FX MarkHey everyone, I wanted to share some important updates with you regarding recent developments that could significantly impact our natural gas trades. In the past few days, Ukraine's attack on the Sudzha gas transfer station in Russia's Kursk region has raised some serious concerns. As you know, the Sudzha station is a critical point for gas flow from Russia to Europe, and any disruption here could directly affect our natural gas trading. It's something we all need to keep a close eye on. To give you some context, Gazprom supplied approximately 14.9 billion cubic meters (bcm) of gas through Sudzha in 2023. This volume accounts for about 4.5% of the EU's annual consumption and nearly half of all Russian gas exports to Europe. Since the beginning of the year, the daily gas flow through this station has remained above 40 million cubic meters. These numbers highlight just how vital Sudzha is for European gas supply. The main function of the Sudzha gas metering station is to record gas consumption and measure the quality indicators of the gas. The gas flow is measured using two primary methods: variable pressure drop and the more precise ultrasonic method, which measures the propagation speed of ultrasonic waves in the gas flow. The station is equipped with converters, pressure and temperature sensors, shut-off valves, and other equipment essential for accurate gas flow measurement. In addition, the station features an automated control system that collects, processes, and transmits data on gas parameters. This system is responsible for overseeing the operation process and maintaining accurate records. If there’s an issue at the station, not only would the gas flow be disrupted, but tracking the quality and quantity of the gas would also become much more difficult. Given these details, it’s crucial for us to closely monitor what's happening in the gas markets and adjust our strategies accordingly. As uncertainty increases, so do the potential risks and opportunities, so I strongly advise you to carefully set your stops in your trades. Wishing you all a profitable week ahead! CAPITALCOM:NATURALGAS FOREXCOM:NATURALGAS
CAPITALCOM:NATURALGAS
by TheCryptoPharaoh
4
Natural Gas...bullish turnaround!Nat gas has carved out a nice potential base to move higher. We have seen a failed breakdown whcih usualkly indicates a bullish reversal. They say the biggest moves come from failed patterns an it certainly looks like a failed bearish trendline break. If this is the case, Nat gas has a nice 15-20% upside before things get really interesting. We may be witnessing a weekly inverse head & shouldrs pattern developing. Time will tell but we are long.
CAPITALCOM:NATURALGAS
by Trading-Capital