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Ng1!f

When Might The Price Of Natural Gas Decompress?Traders that have taken a long position on Natural Gas will have been feeling lighter than air for the better part of 2021. Remarkably, the trading price of Natural Gas has rocketed up 115% since the beginning of the year, outperforming price increases in other commodities currently sitting close to record highs, Oats (up by 63.83% YTD), Copper (up by 19.65% YTD), and steel (up by 38.27% YTD). As of writing, Natural Gas is trading at $5.592 per million British thermal units, a thirteen year high for the commodity. What Is The Reason For The Meteoric Rise In Natural Gas An unusually scorching 2021 summer in the US drove demand for air conditioning and Natural Gas beyond normal levels, resulting in a lower stockpile of the commodity for an unusually cold winter. Following this, extreme weather conditions, such as Hurricane Ida, interrupted Natural Gas extraction in the Gulf of Mexico’s most productive zone. Will The Price Of Natural Gas Recede? Typically, when the price of a commodity rises, new investment will enter the market to scoop up the high prices. Regarding Natural Gas, the new investment could be from gas companies lifting output at existing gas wells or exploring new wells that will raise production. Counter-productively, the new investment and resulting lift in gas supply would help suppress the price rises in the commodity. New investment in Natural Gas has stalled as of late. While fossil fuels will still be needed for a long time, so-called ‘Zero Carbon’ policies from governing bodies worldwide are disincentivising Natural Gas exploration. The long-term prospects of Natural Gas wells are less certain and less attractive when contending with the likes of the Biden Administration throwing its full support behind renewable energy sources as the US engages in a wide-scale upgrade to its infrastructure. One project for the Biden Administration is for the US electric grid to be powered by 50% solar within the next thirty years. Achieving this goal would severely squeeze demand for Natural Gas, which, according to the EPA, generated approximately 40% of the country’s electricity in 2020.
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by BlackBull_Markets
Descending Triangle in Natural Gas, Downside Target of 4.70Trend Analysis The main view of this trade idea is on the 15-Min Chart. The commodity Natural Gas is currently in a descending triangle setup with lower highs around the 5.20 and 5.08 price levels and support observed around the 4.95 price level. If the commodity breaks through the 4.95 support it can head towards the 4.70 price level. Failure of this pattern will occur if Natural Gas were to rally above 5.10. Technical Indicators The commodity is currently trading below is short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. There has been negative crossovers on the short and medium as well as the medium and long term moving averages. These moves are bearish indications. To corroborate these signals of upcoming declines are the RSI being below the 50 level as well as a recent negative crossover in the KST. Recommendation The recommendation will be to go short at market, with a stop loss at 5.10 and a target of 4.70. This produces a risk/reward ratio of 2.31. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes.
NShort
by Ceddy86
NATURAL GAS – Week 38 – Expecting a pullback.In our last analysis report, we correctly anticipated the price to make higher highs and continue the uptrend. In the coming week, if we strongly break the trendline and correct underneath, the chances for a deeper pullback increase. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
NShort
by financialflagship
14
NATURAL GAS Time to start selling?Natural Gas has been one of the most profitable trading assets of the year offering great returns to our long-term portfolio. 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) in June. However after every 1W Golden Cross since 2000, the market made a Top shortly after. We have three very clear cyclical occasions as you see on the chart. On top of that the current 1W RSI sequence is very similar to these past top formations. Our thesis is that Natural Gas has or is very close to forming a long-term Top and we are starting to take sell positions on that market. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes --------------------------------------------------------------------------------------------------------
NYMEX:NG1!Short
by TradingShot
4
It's the ClimbHave been watching natural gas closely for the past 1 month, Natural gas itself doesn't know what it wants.. lol. However, I think this week is very important to confirm the direction, either it is gonna keep climbing till reaching -who knows- 6.5, as it has already broken 2018 high. or it is gonna hit deep down in the ocean. But, But but, if you wanna follow the news, then go long.. for me, I will wait few days until I see a clear image of what's next, vwap is telling me it is not tired of climbing yet. but NG is crazier than the craziest Latina gf... stay tuned
NYMEX:NG1!Long
by Nourxixi
Thursday: Natural Gas - Week 35Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the support! ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
FX:NGAS
by INotFancy
RSI Hints at Pullback After Natural Gas Hits Multi-Year High Natural Gas has torn higher, adding nearly 4.5% this week to an already monstrous rally. Prices are on track to record a sixth monthly gain if this pace continues. On a technical basis, a pullback may be necessary before moving higher, however. The recent surge has brought prices well above an ascending trendline that has guided prices higher since the May swing low. The Relative Strength Index (RSI) is moving lower within overbought territory. That suggests upward momentum overheated and may be attempting to cool off. The 161.8% Fib extension from the August high/low may provide support after serving as resistance earlier this week. A pullback to trendline support is also in the cards, with directional bias remaining bullish above that level.
NYMEX:NG1!
by Thomaswestw
NATURAL GAS – Week 35 – Strong momentum.In our last forecast, we expected the price to reach the support area before going back up. Instead, it went strongly up and made a new top. In the coming week, after we retested the upper channel line, we are expecting a correction and a medium-term bearish move that could reach the lower trendline. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
NShort
by financialflagship
37
NATURAL GAS - 🌀 Hurricane or Comet ☄️Natural gas chart is a beauty and also a wild beast! The price has been super volatile before and this is exciting to traders and speculators alike. Price has broken over it's major resistance and the potential is high, as you can see on the chart. With Nearly 95% of Gulf Coast oil and gas production offline as Hurricane Ida buffets Louisiana, Natural-gas futures were on the rise, extending a climb to a three-year high. Covid implications are also valid: If a new lockdown happens, people stay home, that drives Natural gas consumption higher and Oil lower. Maybe an option to hedge with WTI? Yes, why not One Love, the FXPROFESSOR PS. BE CAREFUL, NATURAL GAS IS OFTEN A COMET..CAN MAKE YOU OR BREAK YOU
NLong
by FX_Professor
5