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Natural Gas

NATURAL GAS Confirmed our long-term view, now turning sideways.Those who follow us for long, know that we tend to utilize long-term patterns, especially cyclical pattern that give a high probability of return as they filter out the day-to-day noise from the news. Natural Gas (NG1!) is no exception and our multi-year Cycles analysis last January proves that: As the price continued to free-fall, we now find it useful to better explain the situation to you, to turn back to the 1D time-frame and compare the 2022/23 Cycle to 2014/15. As you see the correlation is fairly high. Both started on a 1D Death Cross, with the 1D RSI deeply overbought. As the price never broke above the 1D MA50 (blue trend-line) since December 20 2022, it appears that we are in a similar level as February 2015 when after a test of the first Support Zone (green), the price rebounded, got rejected on the 1D MA50 and then turned sideways to break it. It stayed neutral for basically 6 months before starting a new multi-month round of heavy selling. The signal to sell it again was when the price was at its closest to the 1D MA200 (orange trend-line). The downside potential is significant and goes lower than the previous Low of 1.450, which is our long-term target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!
by TradingShot
1
Natural Gas Full Bear Control. Short term 15m EMA 12 Guide- NG UNG is on a downtrend in every time frame, bears are in full control. - Bulls would hope we hold the 52 week low - need an hourly trend change back to the bulls for we to potentially get a 4h and daily bounce going and shape up an Equilibrium pattern. - short term intra-day 15m 12 EMA is our guide for full bear control. - I definitely wouldn't be shorting all the way down here but also there's no signs for me to be interested long as well atm unless bulls can start to shape up some hourly trend change.
AMEX:UNG
by ArcadiaTrading
Natural gas is almost done consolidating On the 4th hour chart , natural gas looks to be forming a minor bullish divergence on the MACD. It has also formed a falling wedge , which has a higher probability of breaking to the upside. The current sell off was obvious when natural gas rallied to the upper trend line and couldn't break it. A move to the lower trendline is almost finished , a grind lower to tag it is very possible , and a move to 2.22 is not to be ruled out. The zone that natural gas has entered will , in my opinion, yield a reaction very soon.
PEPPERSTONE:NATGASLong
by Fida4u
$NG $UNG $BOIL Where Price would be for the Next couple weeks- UNG NG BOIL have retraced over 50% fib of the A to B move from the bottom, that's a clear sign that we will likely get an equilibrium base on how significant these swings are. - NG has a tendency to break a resistance and have no follow through vice versa breaking a support and have no follow through so im looking for a equilibrium tightening up price action the next couple weeks. - Short term bears still in full control
AMEX:UNG
by ArcadiaTrading
Natural gas is prepping for a big moveNatural gas is prepping for a big move to the upside after the gap fill that's marked on the chart (2.35 vicinity). The gap coincidently lines up with the lower trend line of a falling wedge , making this area a magnet. The move in Natural gas in the previous weeks was very large , which subsequently required some consolidation before another leg. Assuming the general markets can sustain some footing or stall , despite the Silicone Valley bank debacle, natural gas can make a move to the $4 mark.
NYMEX:NG1!Long
by Fida4u
Natural Gas $NG $UNG $BOIL Tips for Riding your Profit- 4H 12EMALast weeks NG video i mentioned that this is likely a climax bottom and we are heading higher with potential inverse H&S pattern, it ended up playing out in the hourly time frame and bulls were a lot stronger than i expected. - Looking at the 4h time frame 12 EMA as full bull control support if we don't lose it then we wont be getting 4h and daily consolidation yet. - im still holding my $BOIL position (it 2x leverage of UNG) its a small position so i'm letting it ride at least 20~30% of course ill still be watching how we consolidate on 4h and daily time frame will tell me a lot if the bull move will continue.
AMEX:UNGLong
by ArcadiaTrading
Natural gas is overextended Natural gas looks to be forming a near-term top in what I think is an ABC move up. Bearish divergences are building on the hourly and 4 hr chart. Although, these divergences can continue to build while Natural gas grinds up , the risk-reward ratio warrants caution. Where does the B wave look to target? The $2.40 vicinity looks plausible, being there was a lot of price action there, a gap , and an attractive fib extension zone. The subsequent C wave will be spectacular, with the potentional of having a 3 or 4 handle.
NYMEX:NG1!Short
by Fida4u
1
NG1! Long-term uptrend is about to start After a significant adjustment, natural gas has gradually bottomed out and formed a wave of bottoming rebound. In the short term, the upward momentum is weak, but the bullish signal has already appeared. It is only a matter of time before the bulls launch a strong attack in the future. At present, what is needed is to wait for the market to adjust again before positioning. Currently, with the bottom formation and bullish signal appearing, the natural gas has considerable upside potential in the future, suitable for long-term positioning to obtain profits. I will also update the strategy regularly for this commodity. If there is a good entry opportunity, I will notify you as soon as possible. For friends with large capital, you can position lightly at this point and buy on dips. If you need specific strategies, you can directly leave a message to me. Thank you for your likes and support. MOEX:NG1! NYMEX:NG1!
NYMEX:NG1!Long
by FlashTrades_
1
NG1! in oversold zone. Technical bounce target 2.789 , 3.37, 4.0Natural Gas has dropped more than 43% since start of 2023, it's heavily oversold and hitting a major support zone (2.45 - 2.20 levels) , highlighted in blue box. In my previous post, I had a target of 2.33 as per Fib measured levels. I strongly believe we have seen bottom in NG short term, might go lower some more to test the support zone and build a base. Short term I'm expecting NG to technically bounce to target 2.789, 3.37 levels (white lines).. Best case might test the $4 levels, where the down sloping pink line meets. For any reason, if 2.20 support levels get broke, we might see lower target $1.795 and 1.44.. I believe we might see these downside targets only after a technical bounce 2.789, 3.37 levels. Let me know your thoughts in comments section
NYMEX:NG1!Long
by gmaster29
12
NATURAL GAS Futures (NG1!), H4 Potential for Bullish RiseTitle: NATURAL GAS Futures (NG1!), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 3.520 Pivot: 2.623 Support: 1.968 Preferred Case: Looking at the H4 chart, my overall bias for NG1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. To add confluence to this bias, price has also broken above the descending trend line. Price is currently also on an ascending trendline. Looking for price to rise from the pivot at 2.623 where the overlap support is towards the overlap resistance at 3.520. Alternative scenario: Alternatively, the price may drop towards the support at 1.968, where the previous swing low is. Fundamentals: There are no major news.
NYMEX:NG1!Long
by Genesiv
💨 $NATGAS UPDATE⤑ NATGAS found strong support around the key support zone as detailed in my previous post (see related idea) ⤑ The strong weekly performance points to a change of behaviour by market participants. ⤑ The change of behaviour does NOT automatically mean that there is a TREND CHANGE. This is only the first step required for a TREND CHANGE to occur. ⤑ At this time, it is the first sign that the "status quo" bear market condition has "stopped" for an unknown period of time. It may be only act as a temporary PAUSE prior to a resumption of the bear market. ⤑ In the immediate term (next couple of weeks), I would expect prices to reverse higher as there is strong upward momentum. Afterwhich the price may drop once more to re-test the support zone. The price action resulting from the re-test (if any) will guide us further to where prices may move in the longer term. MrStocky
PEPPERSTONE:NATGASLong
by mrstockyetoro
💨 $NATGASNeedless to say, this week is an important week for NATGAS price action. ✪ Price needs to hold within or break above the SUPPORT ZONE asap. A sizeable rebound higher would be expected if this succeeds. 📈 ✪ Failure to hold the SUPPORT ZONE will most likely see prices deteriorate further, possibily to the LOW at $1.50 😓 ☝️ We are yet to see a state of capitulation/panic. This is usually signalled by a spectacular sell-off due to accelerated selling in the form of an out-sized weekly red candle/bar. That would mark the bottom or near bottom. MrStocky
PEPPERSTONE:NATGASShort
by mrstockyetoro
7