Get started

Natural Gas

NatGas: LowIt hit the floor (it hit the floor) Next thing you know NatGas got low, low, low, low, low, low, low, low Okay, these aren’t exactly the lyrics of Flo Rida’s “Low”, but they are fitting, nonetheless, for we expect NatGas to move further downwards below the support at $7.524. Just before the next support at $6.466, though, NatGas should turn around and head upwards, crossing $7.524 and even the resistance at $9.60. However, there is a 38% chance that NatGas doesn’t listen to Flo Rida’s song. Instead, it could climb directly above the resistance at $9.60 and subsequently rise into the blue zone between $11.298 and $12.116.
NYMEX:NG1!
by MarketIntel
Elliott Wave Analysis: Natural Gas Confirms Temporary TopHello traders and investors, today we will talk about Natural Gas in which we can see sharp and impulsive decline from the highs, which in Elliott wave theory suggests and confirms temporary top in place. From Elliott Wave perspective we can clearly see a completed five-wave bullish cycle within 5th wave at projected 9.0 level. In Elliott waves, after every five waves, we can expect a three-wave A-B-C reversal, so with current five-wave drop from the highs, seems like Natgas is now slowing down within a higher degree (A)-(B)-(C) correction. Well, wave (A) seems to be completed now, so we may now see a three-wave A-B-C corrective rally in wave (B) that can retest 7-8 resistance area and form a nice Head&Shoulders pattern before we will see another sell-off for wave (C). Happy trading! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
NYMEX:NG1!
by ew-forecast
3
Natural Gas - NG1! - Short SetupI think oil and natural gas are pretty stretched technically and even though there is a real shortage in certain goods out there, the market will eventually take down the commodity with it. It's tough that they will crash markets massively, so there's a flight to dollars to defeat the ruble going on with a fight on inflation , real or imagined. I don't think it will be long lived, but I do think we get natural gas to pull back temporarily. There's a couple different paths to the head and shoulders pattern playing out. It's been impressive how gas and oil have held up so let's see what Friday brings. I think it will be a bit wild, don't you?
NYMEX:NG1!Short
by worldlyFriend67762
Gas price will skyrocket !!!! Not too late to get in now !Looking at the monthly chart, one can see quite clearly a few things : 1. Bearish trend ended when it breaks out on July 2021 2. It has a long consolidation phase from May 2010 to Jun 2021 - a total of 11 years. Would you be holding for so long ? haha I am bullish on this commodity and will be adding some soon. Please note that commodity trading is volatile so trade with money that you can spare and also make a small % of your total portfolio. The recent Luna crypto plunge has taught many traders the hard lesson with its 99% plunge !!!! When money comes too easy , with 19% interest payable yearly, one wonder if it is a form of Ponzi Scheme or not . Please DYODD and be safe!
NYMEX:NG1!Long
by dchua1969
Natural Gas - Short PlayI think oil and natural gas are pretty stretched technically and even though there is a real shortage in certain goods out there, the market will eventually take down the commodity with it. It's tough that they will crash markets massively, so there's a flight to dollars to defeat the ruble going on with a fight on inflation, real or imagined. I don't think it will be long lived, but I do think we get natural gas to pull back temporarily. There's a couple different paths to the head and shoulders pattern playing out. It's been impressive how gas and oil have held up so let's see what Friday brings. I think it will be a bit wild, don't you?
NYMEX:NG1!Short
by worldlyFriend67762
NatGas: GeyserLike a geyser, NatGas is spouting upwards from the white zone between $6.255 and $6.684. We expect it to have enough drive to reach the resistance at $8.065 soon. There, it should gain some more momentum to make it into the orange zone between $8.559 and $9.241, where wave (5) in white as well as wave iii in orange should end. However, there is a 42% chance that NatGas could rebound off the line at $8.065 and subsequently drop below $6.466. In that case, it should fall into the green zone between $5.687 and $4.939 first before rising back above $6.466 and further toward $8.065.
NYMEX:NG1!Long
by MarketIntel
1
Natural Gas (NATGASUSD): Time to Grow AGAIN?! 💨 This morning with my students we discussed a great buying opportunity on Natural Gas. The market dropped to key daily structure support. On that, the price formed a tiny double bottom formation on 1H time frame. Taking into consideration that the market is trading in a sharp bullish trend, it can be a very nice confirmation to buy the market. Goals: 6.825 7.0 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
NLong
by VasilyTrader
21
NATURAL GAS Multi-year Cycles.Natural Gas (NG1!) has been one of the most profitable trading assets of the year offering great returns. On a long-term scale though (1W time-frame on this chart) it has starting to form a peak pattern, which we have seen previously in the past 20 years. I've plotted the Sine Waves on the chart to more efficiently illustrate NG's long-term cycles. Currently it is within a Bull Cycle having formed a Golden Cross (MA50 crossing above the MA200) last June. However after every 1W Golden Cross since 2000, the market made a Top shortly after. This was disrupted this year due to the Ukraine-Russia war and as a result the price negated the peak of October 2021 and broke outside the Sine Wave. This is not the first time we see that. On the upside this took place in December 2003 - January 2004 and on the downside in June 2015. If 2004 - 2005 is repeated, we should see the price pull-back immediately towards the 1W MA50 (blue trend-line) and within this year towards the 1W MA200 (orange trend-line), and then rebound on Higher Highs/ Higher Lows towards the next Sine Wave to form a Top. On the other hand, this is negated if we get 2 straight weekly (1W) candle closings below the 1W MA200 or if the December 2021 low of 3.535 breaks first. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
NYMEX:NG1!
by TradingShot
Natural Gas Futures ( NG1!), H1 Potential for Bullish BounceType: Bullish Bounce Resistance: 6.607 Pivot: 6.260 Support: 6.013 Preferred case: Price is moving nearer to the pivot level. We are expecting the price to potentially bounce off from our pivot level of 6.260 in line with 61.8% Fibonacci projection and -27.2% Fibonacci expansion towards our 1st resistance level of 6.607 which is in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Alternative scenario: Otherwise, the price might break our pivot structure and trigger a dip to the 1st support level of 6.013 in line with the 78.6% Fibonacci projection and -61.8% Fibonacci expansion. Fundamentals: No major news.
NYMEX:NG1!Long
by Genesiv