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Natural Gas - Elliott Wave Count UpdateNatural Gas - Elliott Wave Count this is an update to the previous view. Today, the market reached a new low after a few consecutive days of decline. The current reversal appears to be the start of wave C of 4. However, it is best not to rush into buying at this moment. We can anticipate another low after the completion of wave 4, which will be an excellent opportunity to buy for a significant gain. Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading. CAPITALCOM:NATURALGAS MCX:NATURALGAS1! FOREXCOM:NATURALGASCFD PEPPERSTONE:NATGAS CITYINDEX:NATURALGASCFD MOEX:NG1! NYMEX:NG1! VANTAGE:NG
FXOPEN:XNGUSDLong
by Treda_pro
Nat Gas (UNG, NG) Retracement LongConsidering a trend continuation long in NG here. Per the attached charts (also using futures for zoning), we've had a decent pullback and are nearing intermediate-term (daily) demand. Using the futures chart, there are multiple 15-minute demand zones stacked 3.058-3.006. So, if we penetrate that zone (flirting with it now), look for micro timeframe reversal cues. Looking for a solid swing from this one, so we'll see what happens! Quick take, but want to get this posted as the trade is setting up as I type. Godspeed! Jon @ LionHart Trading
AMEX:UNGLong
by LionHart_Trading
Natural Gas Trend Continuation LONGNot a market we trade super often, but there has obviously been a LOT of opportunity in natural gas as of late. After a long period of accumulation, NG has finally broken out to the upside. We are looking for potential trend continuation longs. Ideally, we would like to enter this trade around the ~3.00 level (roughly coincides with Anchored VWAP + support/resistance “flip zone”), but it may be a bit before NG trades back to those prices (if it does). However, shorter-term/more aggressive entries exist via demand zones circa 3.2. We’ve formed new/”fresh” 60-minute supply @ 3.346-3.380, so that is an upside target. One should drill down via smaller timeframes (30/20/15-minute), though, to see what additional supply zones form between ~3.2 and 3.346 – it’s likely other sell levels will exist within expanded range candlesticks formed earlier this morning (EST). Smaller timeframe supply zones + any resistance levels should serve as profit targets for longs; if you enter a trade with multiple contracts, you can always hold a runner and look for new highs if upside momentum is strong. Finally, keep in mind seasonality. We are doing a more thorough analysis here, but NG tends to catch a tailwind during colder months (vs. summer)... We’ll keep an eye on this market and will provide updates accordingly. As is always the case with trading, our approach/thesis could change as price action unfolds, so use your discretion when evaluating this idea. Questions/comments welcome! Jon @ LionHart Trading
RUS:NG1!Long
by LionHart_Trading
NATURAL GAS Sell signal on overbought Channel Up despite the GolNatural Gas is trading inside a Channel Up since the April 14th Low. Despite forming a Golden Cross on the (1d) time frame last Thursday, we have a short term sell signal as the price reached the top of the Channel Up. Trading Plan: 1. Sell on the current market price. Targets: 1. 2.950 (expected contact with the MA50 1d). Tips: 1. The RSI (1d) is highly overbought, the highest since May 4th 2022, making the sell signal stronger. Please like, follow and comment!!
NYMEX:NG1!Short
by TradingBrokersView
2
Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count Natural Gas - On the 1hr chart, NG displays a clear impulse Wave formation, indicating that the market is likely to continue the bull run to the 300 range after the minor correction(may drop to the 260 range for the short term) and then we can expect significant correction toward the 180 range. Please note that this information is for educational purposes only, and it is crucial to trade with caution. CAPITALCOM:NATURALGAS FOREXCOM:NATURALGASCFD MCX:NATURALGAS1! PEPPERSTONE:NATGAS NYMEX:NG1! MOEX:NG1! VANTAGE:NG
MCX:NATURALGASV2023Long
by Treda_pro
7
Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count Natural Gas - On the Daily charts, NG displays a clear impulse Wave formation, indicating that the market is likely to continue the bull run to the 300 range after the minor correction(may drop to the 250 range for the short term) and then we can expect significant correction toward the 162 range. Please note that this information is for educational purposes only, and it is crucial to trade with caution. CAPITALCOM:NATURALGAS MCX:NATURALGAS1! PEPPERSTONE:NATGAS NYMEX:NG1! MOEX:NG1!
MCX:NATURALGAS1!
by Treda_pro
NG1! Under Pressure! SELL! My dear subscribers, My technical analysis for NG1! is below: The price is coiling around a solid key level - 3.330 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 3.020 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Short
by AnabelSignals
4
Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count On the Daily charts, NG displays a clear Triangle Wave formation, indicating that the market is likely to undergo a significant correction toward the 162 range. It is advisable to exercise caution when considering long positions. However, if the market breaks above 272, this view would be deemed invalid. Please note that this information is for educational purposes only, and it is crucial to trade with caution. CAPITALCOM:NATURALGAS MCX:NATURALGAS1! FOREXCOM:NATURALGASCFD NYMEX:NG1! MOEX:NG1! PEPPERSTONE:NATGAS
MCX:NATURALGAS1!Short
by Treda_pro
Impact of Fed's Interest Rate Hikes on Gas and OilOn October 4, 2023, the OPEC+ ministerial panel did not make any changes to the group's oil production policy after Russia and Saudi Arabia announced continued voluntary supply cuts to support the price of black gold. However, Brent and WTI crude futures have fallen more than 13% over the past week on concerns that central banks could raise interest rates again to more aggressively fight inflation. In addition, rising unemployment and the slower pace of China's economic recovery are also putting further pressure on oil prices. On the other hand, the US and European Union economies remain strong despite numerous problems, including high inflation and geopolitical tensions due to the military conflict between Russia and Ukraine. Thanks to stronger-than-expected consumer spending, global economic growth continued into the third quarter of 2023. From the point of view of technical analysis, we believe that on September 28, the global wave (3) was completed, which, as it should be, was the longest and strongest wave, which is also reflected in the fact that this asset attracted the attention of the mass public. On October 5, 2023, wave A was completed, which belongs to a larger corrective pattern of the (4) wave, implying a continuation of the downward movement of the Brent crude oil price after reaching a strong resistance zone in the $89-$90 range. By the end of the fourth quarter of 2023, we expect the price to reach $77-$78. In addition, global oil prices are under pressure, partly because gas storage facilities in Europe are full. It should be noted that oil prices and the US Dollar index (DXY) are often inversely correlated, meaning that when the DXY rises, oil prices usually fall and vice versa. So, in recent weeks, the dollar has been strengthening, making oil more expensive for countries using other currencies, which reduces demand for it and, as a result, oil prices.
NYMEX:CL1!
by AisenQuantum
1
NG1! Buyers In Panic! SELL! My dear followers, This is my opinion on the NG1! next move: The asset is approaching an important pivot point 2.930 Bias - Bearish Safe Stop Loss - 3.008 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 2.788 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Short
by AnabelSignals
5
GAS FUTURES, BEAR-MARKET-Wedge Will Print the NEXT -80% DROP!Hello There! Welcome to my new analysis of GAS FUTURES from the weekly timeframe perspectives. Since events of the last year 2022 pumped the GAS FUTURES with an inflationary demand shock to unnatural new highs it heavily reversed this dynamic and GAS FUTURES converted into a massive sell-out with a hugely inclined bear-market supply-dynamic that printed several bearish momentum determinations and liquidated positions in a record pace, this happened not only because the whole gas futures have been altered by the massive bear price-action accelerations. Now, GAS FUTURES did not nearly recover from this massive bearish pullback and there is still a lot of supply within the market ready for execution. Paramount Formations Being the Origin of the Gigantic Price-Action Volatility: When looking at my analysis, there it is marked, that GAS FUTURES completed the momentous bubble top as of August 2022 and from there on continued with the heavy bearish decline, completing the gigantic bearish ascending wedge formation firstly before the enormous gigantic -80% bearish dump towards the downside printed the major bearish wave C within the whole bearish wave count. From there on GAS FUTURES did not manage to recover and form a substantial reversal, rather GAS FUTURES kept within the lower levels to form the next crucial continuation formation within the level which is an ascending wedge continuation setup. Such a formation in almost all of the cases is marking the continuation setup of the next severe bearish trend wave towards the downside. Current Formational Dynamics and What to Expect From the Formational Structure: Since February 2023 GAS FUTURES have already continued with the completion of this ever-so-crucial continuation formation which is marking the actual wave C within this massive bearish trend. Especially, as the GAS FUTURES are about to complete this crucial wedge formation with the wave count to emerge into the final breakout below the lower boundary this is going to set up the next major wave C drop towards the bearish direction and in this case the next massive -80% drop will be inevitably confirmed. Also, not only because GAS FUTURES will have completed this critical wedge formation, but there are major resistances within the whole chart structure marked by the 50EMA, 25EMA, and descending trend line resistances. This means that always when GAS FUTURES touch these resistance levels continued pullbacks are going to be indicated. Upcoming Events and Determinations to Expect With the Established Setups: The next times will be extremely crucial for GAS FUTURES because of the fact that more and more long positions are still in line to be executed because of the inflationary pumps seen in the last year many speculations have been made about massive price increase however as this dynamic turned now there is still a lot of bearish volume waiting in the lines. There are several factors underlining the bearish scenario and these are so overwhelmingly accurate that a reversal is not in any case a possible scenario here. Taking the upcoming massive wave extension into the global perspective it can even extend further beyond the target levels marked in my chart, especially when the wave extension reaches such momentum as it has been seen already within the wave A before. Once the targets have been reached further assumptions need to be made, in this case, according to the determined dynamic the bearishness will be so present that a reversal possibility is declining quite massively. Because of the significance of this whole development with GAS FUTURES, I am going to monitor the condition further within the next time especially as the final breakout can be completed with other important underlying factors to alter the whole market condition again. A supply increase within the GAS FUTURES is likely to accelerate the main dynamics here. Nonetheless, a major drop within the whole GAS FUTURES does not mean the energy sector is completely bearish, it has to be distinguished between GAS FUTURES and other assets within the sector market. In any case, it will be an important dynamic to keep up to date with. In this manner, thank you everybody for watching my analysis of GAS FUTURES. Support from your side is greatly appreciated. VP
RUS:NG1!
by VincePrince
13