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Ng1

NATGAS JUST CROSSED VERY POWERFUL LEVELPEPPERSTONE:NATGAS Hi! I've been trading in last 2 months very actively NATGAS. I have noticed there is very powerful level which we just crossed again. If 4h candle stay above then according to historical data we should have strong move up. Apart of this we have news about cold weather hitting Europe. So let's see. I'm long from friday and SL way above in profit but Im looking for adding more to my position. Under the actual price is sitting volume spike where we could rebounce even we had such a big move after todays opening. If not then I will look for entries for long. I'm not interested in short at the moment even I had most of my good profits from shorts. Good luck! M This is not any financial advise, always check the market before entering any position and like it if you find it useful NYMEX:NG1! SKILLING:NATGAS
PEPPERSTONE:NATGASLong
by Muzaaa
9
Natural GasHeading into the season, not an ideal set up with all the over extensions we have had in the past year with the commodities market, however might as well try to make some money off the tickers. NGG23 expire on the 23rd of Jan meaning we do not want to have the trade extend past the 23rd of Dec. or all the open interest will be sucked out. In addition we need to have a long dated contract shorting the Jan contract to hedge risk incase it goes against the trade. And do not fail to apply the proper stops 2% of the account size* or you can do 2% on the notional value of the trade but I would not recommend due to getting stopped out prematurally. With demand for natural gas increasing in the winter months and some of the supply being cut (Nordstream 2) there is a global shortage and dont think that our leaders won't share they are masked as globalists. Until they realize that kicking that can down the road until we realize we cannot server everyone in the world there will be prices to pay for the consumer but also opportunity in the commodities markets. "Good Luck Ace" -Kewl Kat
NYMEX:NGG2023Long
by kewlkat
Natural gas 2023 outlook: Approaching a key confluence zone The recent price action in the daily natural gas price chart updated to December 5, 2022, saw prices falling rapidly and breaking below the supports of two moving averages (50dma and 200dma) and some key Fibonacci retracement levels, such as the 50% retracement of the post-Ukraine war rally to August highs. The two moving averages earlier created a death-cross pattern on November 10, which proved bearish after a brief rally to $8.04/MMBtu. In the summer, natural gas completed a head-and-shoulders pattern, falling below the $5.30 price support. That technical pattern was preceded by negative RSI divergence between April and June 2022, which also led in severe bearish price action to the $5.30 support level. The double bottom in October and July, as well as the significant technical resistance between November 2021 and March 2022, signal a very critical confluence zone for natural gas. The $5.30 critical support line is an important test for natural gas prices, which would have dropped by a recession-like 47% from their peak in August. If the war in Ukraine persists, it is quite improbable that prices will return to the $4.3 level, where they were trading on February 24, 2022, when Russia invaded Ukraine. Bulls may therefore reappear if the $5.3 support line and $5 psychological level are tested. On the upside, it is unlikely that the skyrocketing price levels observed in the summer of $9.5 or more will be retested anytime soon, as they coincide to an unprecedented supply issue in Europe that triggered an increase in US domestic prices due to increased LNG exports. In the first quarter of 2023, a sideways market trend with prices ranging from $5 to $8 appears to be the most likely scenario for US natural gas. The colder the winter. The more severe the winter in the Northern Hemisphere, the greater the possibility that prices will trade between $6.5-8 range. Rising recession risks and warmer-than-average temperatures, on the other hand, could prevent a depletion in gas reserves, keeping prices under pressure.
CAPITALCOM:NATURALGAS
by Capitalcom
NATURAL GAS Critical test for bullish or bearish DecemberNatural Gas (NG1!) hit yesterday the Lower Highs trend-line of the August 22 top and today we see the first signs of a rejection. Until this breaks decisively, we can expect NG to pull-back to the 0.382 and 0.236 Fibonacci levels. Based on the 1W RSI though, which is on a Falling Wedge since the October 01 2021 High, there is still some room to rally, and if yesterday's Lower High is anything like the February 02 2022 Lower High, then after this pull-back we can expect a rebound back to the 0.786 and 1.0 Fibs even a new Higher High. In that case we will be buying every closing above each Fib. A complete bearish reversal scenario will take place if the price makes a weekly close below the 1W MA100 (red trend-line), which is where NG rebounded on October 24. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!
by TradingShot
2
🔥 Natural gas (NG): resumption of the long-term bull trend.●● Preferred count ● Natural Gas Cash ( NG .C), 🕐TF: 20D Fig.1 I worked out in detail the counting of long-term waves on the historical chart 1930-2022 . The chart has a number of notes. The structure of wave (IV) in the future may become more complicated to a triangle. The ending diagonal (V) is also questionable — the development of momentum I-II-III-IV-V is possible. _______________________________________ ● Natural Gas (CURRENCYCOM), 🕐TF: 1W Fig.2 Variant of counting of wave structure V of (III) in the form of an expanding diagonal and subsequent (IV) , which, apparently, took the form of a double zigzag with a triangle in x . _______________________________________ ● CFDs on Natural Gas (OANDA), 🕐TF: 1D Fig.3 The July 2021 forecast has been implemented. As expected, correction ② (wave Ⓑ in the current version of the counting) took the form of an expanded flat, returning to the area of the previous fourth wave . A long-term bullish trend is expected to resume. _______________________________________ ● CFDs on Natural Gas (OANDA), 🕐TF: 8h Fig.4 A good signal for opening a long position will be formed by waves 1 and 2 with consolidation above the moving average with a period of 610 . 📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️
OANDA:NATGASUSDLong
by TradeWaves-EWA
1
Norwegian pennystock Flex LNG (Natural gas transportation)Table of contents: § 1 About FLNG § 2 The market § 3 Why I am bullish § 4 The risks § 1 Flex LNG(FLNG) is a Norwegian company. They specialize in transporting liquid natural gas around the world for heat, cooking etc. They also create ships themselves, specially created within the CE regulations to ensure safe transport, as natural gas is highly flammable and explosive (who would have figured that one out...) Now, FLNG has done something that might be incredibly smart or it might be incredibly stupid depending on which way things goes: Most companies transporting gas and oil get a fixed rate on the transport, however FLNG has made it so they get paid based on the spot price of natural gas (futures are called NG1! if you want to see the price) This means if the price of natural gas goes up, so does their revenues, which also creates an interesting scenario for us as I will explain in more details in § 3. § 2 FLNG's market is mostly based in China and India (~2 billion people) which in latest years have used a lot of coal for heating, the problem with burning coal is that it's very harmful to the environment, it releases a lot of CO2 and last but not least it releases microscopic particles in the air increasing cases of astma and COPD (Chronic Obstructing Pulmonary Disease) which I don't have to tell you - is reall bad. Now both China and India needs to move over to a more environmental friendly source of energy and heat, this is where natural gas comes in. When you burn natural gas, you only get CO2 and water as a biproduct, which is still bad for global warming, but does not increase cases of COPD or astma. § 3 I am bullish when it comes to FLNG as I believe it will be ranging a lot based on time of year, as we can see when it comes to natural gas spot prices, this can make it a lot easier to predict price movements, as price has historically been highest in the winter (because it's cold and people need more heating, again, who would have figured...), and lower in the summer as very few people need heat in the summer. I also think that because the market is so huge with at least 2 billion people I think there is a LOT of room for expansion. § 4 Although I believe this is an up and coming industry that will be huge the coming years, there is no guarantee that FLNG will be the leaders in the market, but seeing as Norway historically have been one of the leading ship builders and also leading within oil technology I strongly believe flex have a high potential. However, if it does not reach a 50-100% increase within February, it will likely not happen this year as spot prices will be on their way down again. Another risk is market turbulence which might hurt FLNGs price. To end it off with a little bit of my techincal analysis: Price bounced from the 80NOK mark (~$10) where it has not been since it's true pennystock days where liquidity was scarce. Price was trending downwards after the winter just like NG prices have too. I believe the 80NOK level will hold because a lot of bigger institutions bought in at 120NOK and I believe they will either look to average down around the 80NOK mark to get their average to 100NOK to lower their overall downside. And as we are smarter than the institutions (not really) I came up with an idea on how to spot more accurately when price is likely to explode (thank me later): Look at weather forcast for the most populated areas in China and India, when temperatures start dropping it's probably time to buy either FLEX or NG futures. Thank you all for reading and have a great rest of your day.
OSL:FLNGLong
by DonBboy
1
Natural Gas (NATGASUSD): Technical Outlook 💨 A lot of questions about Natural Gas. Here is my detailed technical outlook. 2 weeks ago, the market reached a key daily structure support and nicely bounced from that. Zooming in the chart and analyzing a price action, we may spot an ascending triangle formation - a classic bullish accumulation pattern. The price sets higher lows, respecting 6.2 - 6.6 horizontal resistance. I believe that the next bullish move will initiate after a bullish breakout of the underlined structure (we need a daily candle close above that to confirm the breakout). A bullish continuation will be expected to 7.076 then. Alternatively, a bearish breakout of a trend line may push the market to a current low. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
NLong
by VasilyTrader
9
BUY NGRecently, the price of natural gas has been under pressure due to measures to reduce consumption and prices in Europe ahead of winter. Officials expect another supply crunch due to restricted access to Russian pipelines and a possible jump in demand for heating goods. Today, the price of natural gas NATGAS / USD is stable between the level of $5.81 and the level of $6.03 per million British thermal units. On another note. An inventory report from the US Department of Energy can determine if the floor can hold or not. Analysts expect a smaller increase in inventories of 103 billion cubic feet compared to the previous increase of 125 billion cubic feet, indicating an increase in purchases. LNG exports to other countries and storage activity leading to colder months may be responsible for the slowdown in the increase in storage. However, a larger-than-expected increase could mean more downside for natural gas as this may indicate that demand remains weak. On the gas crisis front following the ongoing Russo-Ukrainian war: German Chancellor Olaf Scholz has warned that a proposal to cap gas prices at the EU level could backfire as the region seeks to offset significant supply cuts from Russia. “Price capping always involves the risk that producers will sell their gas elsewhere – and we Europeans will end up having less gas instead of more,” Schulz said Thursday in a speech to the German parliament in Berlin. The German chancellor was speaking ahead of a two-day summit of European Union leaders in Brussels. The bloc's member states will discuss ways to keep energy prices under control and ensure security of supplies, as well as the recent situation in Russia's war in Ukraine. Rather than setting a price cap, Schulze supported the idea of ​​cooperating closely with buyers such as Japan and South Korea to avoid competition for limited supplies, while also attracting like-minded producers. "I am convinced that countries like the United States, Canada or Norway, who stand with us in solidarity with Ukraine, have an interest that energy in Europe will not become too expensive," he said. According to gas technical analysis: Natural gas price NATGAS/USD has retreated to the main area of ​​interest shown on the longer-term time frames, and a break below could pave the way for a move to the next major support area at $3,635. Technical indicators favor a bounce, as the 100 SMA is above the 200 SMA to reflect bullish pressure. However, the gap between the indicators is narrowing to hint at a possible bearish crossover soon. The commodity is also trading below its two moving averages as an early indication of selling momentum. If that materializes, the price of natural gas could drop below $5,585 and make its way to the next main floor. The stochastic has been indicating oversold conditions for some time, which means that sellers can use a breakout period and let the buyers take control. Similarly, the RSI is in the oversold territory to indicate exhaustion among the bears. A turn higher means that bullish momentum could pick up and take the commodity back to the next upside barrier around $8,000.
NYMEX:NG1!Long
by ahmed-sajid
BUY NGRecently, the price of natural gas has been under pressure due to measures to reduce consumption and prices in Europe ahead of winter. Officials expect another supply crunch due to restricted access to Russian pipelines and a possible jump in demand for heating goods. Today, the price of natural gas NATGAS / USD is stable between the level of $5.81 and the level of $6.03 per million British thermal units. On another note. An inventory report from the US Department of Energy can determine if the floor can hold or not. Analysts expect a smaller increase in inventories of 103 billion cubic feet compared to the previous increase of 125 billion cubic feet, indicating an increase in purchases. LNG exports to other countries and storage activity leading to colder months may be responsible for the slowdown in the increase in storage. However, a larger-than-expected increase could mean more downside for natural gas as this may indicate that demand remains weak. On the gas crisis front following the ongoing Russo-Ukrainian war: German Chancellor Olaf Scholz has warned that a proposal to cap gas prices at the EU level could backfire as the region seeks to offset significant supply cuts from Russia. “Price capping always involves the risk that producers will sell their gas elsewhere – and we Europeans will end up having less gas instead of more,” Schulz said Thursday in a speech to the German parliament in Berlin. The German chancellor was speaking ahead of a two-day summit of European Union leaders in Brussels. The bloc's member states will discuss ways to keep energy prices under control and ensure security of supplies, as well as the recent situation in Russia's war in Ukraine. Rather than setting a price cap, Schulze supported the idea of ​​cooperating closely with buyers such as Japan and South Korea to avoid competition for limited supplies, while also attracting like-minded producers. "I am convinced that countries like the United States, Canada or Norway, who stand with us in solidarity with Ukraine, have an interest that energy in Europe will not become too expensive," he said. According to gas technical analysis: Natural gas price NATGAS/USD has retreated to the main area of ​​interest shown on the longer-term time frames, and a break below could pave the way for a move to the next major support area at $3,635. Technical indicators favor a bounce, as the 100 SMA is above the 200 SMA to reflect bullish pressure. However, the gap between the indicators is narrowing to hint at a possible bearish crossover soon. The commodity is also trading below its two moving averages as an early indication of selling momentum. If that materializes, the price of natural gas could drop below $5,585 and make its way to the next main floor. The stochastic has been indicating oversold conditions for some time, which means that sellers can use a breakout period and let the buyers take control. Similarly, the RSI is in the oversold territory to indicate exhaustion among the bears. A turn higher means that bullish momentum could pick up and take the commodity back to the next upside barrier around $8,000.
NYMEX:NG1!Long
by ahmed-sajid
Too fast, too furious for Natural Gas?After a sharp drop in August, Natural Gas futures is now sitting close to the long-term uptrend support which has marked key reversal points since June 2020. Our question is whether prices have fallen too fast and too soon? We question “too furious” when we look at the RSI which currently points to oversold levels. Hitting a low close to 24, the last time RSI reached such an oversold level, in February 2017, prices rallied close to 35% over the next 2 months. We also note the formation of RSI divergence now, like the one we observed during the 2017 period. If history is any guide, from a technical perspective we can expect some upside for Natural Gas in the coming 2 months. We question “too fast” as we are at the dawn of the seasonality trade. With demand for Natural gas used for heating generally rising as winter months are approaching, we can reflect on the seasonality behavior of Natural Gas prices over the past winters. A simple strategy of buying in the middle of October and waiting for the winter months gives a 70% win-rate when we look back at the past 10 years. Could we expect the same this winter? On top of these, we think there are a few structural factors that might boost natural gas demand in the US over a longer-term horizon. 1) The recent announcement by the Biden administration that ruled out a ban or curbs on natural gas exports this winter, and Europe’s struggle with the energy crisis spell good news for Natural Gas’s demand. 2) Current Natural gas storage levels are also below the 5-year average as reported by the US EIA . 3) A move away from coal as agreed in the COP26 means alternative energy sources are bound to replace coal. With many coal-powered plants being refurbished to work with natural gas, we see structural demand rising as more of these plants come online. Natural gas’s current technical levels point oversold to us, with the seasonality trade potentially on the cards and an overall supportive macro backdrop, we lean bullish on Natural gas. As Natural Gas is considered a highly volatile contract, we can use the Average True Range (ATR) to set our stops. In this case, we follow the rule of thumb to multiply the ART by 2, which sets our stop at roughly 4.550. Entry at 5.200, stop at 4.550. Target at 6.400. The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
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NYMEX:NG1!Long
by inspirante
17