Natural Gas Daily Cycle TargetsDaily cycle is expected to be bullish, bullish cycles usually peak later in the cycle. Daily cycle low is expected around May 29. Bullish price target depending on strength will be a high of $2.10-2.30 and cycle low of $2.00-$2.20
If this cycle turns bearish, bearish cycles typically peak sooner with a longer decline.
We have been seeing very volatile price action lately, this chart is for reference only to gauge the strength of the cycle not an exact prediction.
Green line is strong bullish
Orange line is bullish
Red line is bearish
Natural Gas
Natural Gas Daily Cycle, Cycle Low April 2Natural gas daily cycle low was on April 2.
Initial rally was very strong but due to the size of the pullback must remain cautious.
Due to the current market conditions downside is still possible. If there is continuation above $1.92 it is likely signalling a longer term bull rally is starting.
Video discussing long term rally here - youtu.be
See charts below for reference
NATURAL GAS FUTURES (NG1!) DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
NATURAL GAS FUTURES (NG1!) WeeklyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
NATURAL GAS FUTURES (NG1!) MonthlyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
Natural Gas Trend Change ExampleNatural gas has run substantially and looks like consolidation has started. How it consolidates is important for determining if it will start a bullish cycle.
This is to show structure only, not prices levels. With such a large run it would not be surprising to see a large retracement before continuing higher.
For this to be a bullish cycle it must break the previous high as shown by the green lines and arrows.
If we see a bounce then a break of the retracement low we should plan for 2 things:
I did not put lines on the chart for this one, if the $1.52 low broke quickly this would signal that $1.52 was not the cycle low. This would have to happen very fast and is less likely but still possible.
The more likely bearish possibility is the price fails to break the recent high and the breaks the retracements low. That would signal a new bearish cycle.
See charts below for reference.
NATURAL GAS Trading opportunitiesPattern: Channel Down with underlying Bearish Megaphone on 1D.
Signal: (A) Bearish if the price breaks the MA50 (blue line), (B) Bullish if the price breaks above the red Triangle.
Target: (A) 1.500 (just above the Support), (B) 2.140 (projected contact with the MA200 (orange line)).
Previous successful Buy Signal on Natural Gas:
Natural Gas Daily Cycle UpdatePossible cycle low on April 2. This cycle low is not convincing at this point but it is still a possible bottom.
Green is bullish case from here, need to see multiple resistance levels broken.
Orange is still bullish long term but short term bearish.
Red is short term bullish but long term bearish.
See previous charts for reference
Can UGAZ Recover? Comparing UGAZ and Natural GasA serious look at what to expect from UGAZ if natural gas changes it's trend and starts a bull rally. Many are stuck in UGAZ since 2019, natural gas is down 47% and UGAZ 89% from the November high. UGAZ is not down 3 times natural gas due to the rebalancing that occurs, unless there is a decline of more then 33% in one day it is not possible for UGAZ to go to $0.
I must warn that this is hypothetical and to show the problem with waiting for UGAZ to recover. If natural gas breaks to new lows the percent UGAZ goes up will remain about the same but it will be from a lower dollar value.
It is likely at some point in the next 1-2 years natural gas makes it back to $2.90 from the current lows that will be about 90%. Since UGAZ moves 3 times natural gas that is about 270% but due to the decay UGAZ experiences it is more like to go up a maximum of 180%.
Generously using the 270% that is about $80. if we use the more realistic 180% that is $62. These number are well below what most would have bought UGAZ for in 2019.
UGAZ is an extremely risky investing product and unless you are very experienced and completely understand how it works you should not consider investing in it.
See charts below for potential downside and upside going forward.
Natural Gas (NATGASUSD): Even Lower Now??? Important Warning!
hey guys,
to be honest with you I expected a much stronger bullish reaction from all time's market low on natgast than this small pullback.
but the reality is overwhelmingly bearish on natgas.
we already see a new weekly lower close and this week will show us whether the market is able to close below 1.575 - all time's structure low.
if so, the market will be trading in the no man's land and bearish continuation may proceed.
take it into consideration and adjust your trading plan accordingly!
good luck!