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Natural Gas

Weekly analysis on NG by ThinkinAntsOkToday we will focus on the Weekly chart on Natural Gas. Use this as a guide to develop your view of the chart: Main items we can see: a)Currently, the price is on a massive support zone b)In 2012 and 2016 we observed massive reversal movements on the area between 1.90 and 1.60 c)If we are thinking about developing long setups, we have a good filter that has worked on previous situations d)First, we need a clear breakout of the descending trendline / Second, we need a corrective movement / If that happens, the setup will be ready to trade. e)This is a Swing view, which means that it requires patience to wait for the expected formation. f) We will not develop short trades unless there are clear signs that the support zone is broken.
NYMEX:NG1!
by ThinkingAntsOk
4
Natural Gas (up or down) Pick your poisonIn my own opinion, since Natural Gas first landed on the market in 2004, it has 1 all time low at 1.574, which is lower than 2004 and since then we have never tested this bottom again. I think with news of coronavirus, it is the perfect opportunity for this level to be tested and i think it will go much further down creating a new low for natural gas. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
OANDA:NATGASUSDShort
by Quinkong
Natural Gas Countertrend Rally Position PlanningThis chart is position planning based on the Daily Cycles Target and Countertrend Rally charts published last week. Patiently waiting for this rally to fail. UNG puts take advantage of the expected decay. Enter on confirmed bearish hourly trend change. Exits: extreme bullish reversal, exit if hourly down trend fails bullish daily higher low, exit on hourly uptrend confirmed bearish continuation, assess situation at each price target
AMEX:UNGShort
by Natural_Gas_Trader
Natural Gas Futures Daily Cycle TargetsDaily cycle low is expected around April 10. Price target is $1.60 to about $1.30 $1.60 price target - 2016 low providing support. $1.50 price target - 25% from cycle high, 2 previous daily cycles were about 25% from cycle high to cycle low $1.30 price target - this is more an area and very difficult to estimate. This would be based mainly on the long term trend line from the lows in 2012 and 2016. 2 other trend lines point to this area also, the trend line from 2019 from the bull run crash and the trend line since the late 2019 high. Once the price is below $1.60 it could become very volatile.
NYMEX:NG1!Short
by Natural_Gas_Trader
NATGAS - price bounce from monthly supportThe US Natural Gas is now trading at a monthly low. From a technical perspective, price is now trading in the accumulation zone, MA's about to cross we expect the next push to the upside. Price is growing with increasing volume, now retraced to the previous resistance now acting as support. Therefore we will long the commodity at the price of $1.89 per cubic feet. The first target is the downwards trendline, at price $2.10. From there a retest of the low might happen. Our longer-term view on NATGAS is still bullish. The past 5 weeks of Natural Gas Storage showed less than forecast, an increase in demand is signaled. Traders if you follow this idea, we recommend entering with prudence and proper risk management according to your strategy. Know your trading conditions for this asset. Spreads and lot sizes are high, do the research first.
OANDA:NATGASUSDLong
by TradingExpertGroup
1