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Will Natural Gas See Negative Rates? | NATURAL GAS ($NATURALGAS)✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- Natural gas demand hasn't fallen as much as oil, but a 2% decrease in demand (compared to oil's 6%), and already dwindling storage issues due to production not being curved enough and a warmer than normal winter, could have natural gas suffering the same fate as oil. That fate being temporary negative prices, due to a lack of storage, due to decreased demand, at least partially from COVID. With all of that in mind, even if this doesn't come to pass, the fear of it could drive prices lower. We don't want to short the bottom, but as we learned from oil, there is a scenario in which there is no bottom when it comes to expiring futures and a lack of storage. Still, the idea for today isn't a trade, it is mapping out some long term levels to keep in mind for whichever way price does move. Resource: oilprice.com + www.naturalgasintel.com --- Fractal Trend is showing a downtrend (Maroon bar color) on the 3 day timeframe. This represents the longterm downtrend in natural gas. Typically in a downtrend we are looking for short positions. With that said, natural gas's historic volatility could certainly produce some nice long setups on smaller timeframes if one of the support levels noted on the chart holds. To the downside S1 - S4 represent supports of last resort for nat gas bulls. IF these levels are breached, we could be looking at negative rates for natural gas. Meanwhile, if demand picks up and storage becomes less of an issue, or if prices move up for any reason, then R1 - R3 present logical spots to look for reactions. Any volatile move from natural gas would be nice to capture, so we'll be keeping a close eye on all these levels, and specifically will have our interest piqued if S4 can't hold and we run into more supply/demand issues for natural gas itself.
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by AlphaBotSystem
3
Natural Gas Short Term Trend ChangeThe protect profits price has been broken, if you haven't done so already you should be looking at bearish positions. The green and orange lines have not been modified since the original chart earlier this week. Natural gas has strength when it rallies but is not able to hold on to the gains. The front month contract has been stronger then the following months which possibly indicates continued supply/demand worries for this summer. Very understandable for the current situation. If this move to the downside gets continuation it is possible to see something worse then the orange line, natural gas has significant downside moves as was seen last week. Protect your capital at all times and only take low risk high reward trades that you completely understand. Sitting on the sidelines is a strategy, don't worry about missing out. Learn how to trade properly before risking your hard earned money.
NYMEX:NG1!
by Natural_Gas_Trader
2
Natural Gas Short Term UpdateNatural gas rallied significantly, 13% from Friday close to Monday high. Because of that a pullback is not surprising. The consolidation is not as tight as I would have liked to see. The low of the consolidation can be used as a potential stop to lock in gains. Red and blue lines we'll keep an eye on once we see direction tomorrow. The gap should be considered but not given a whole lot of thought, gaps sometimes fill and sometimes don't but they can have a affect because so many people talk about them. So far I'll staying with the original price targets because the consolidation wasn't that tight but we must remember that the bulls have been explosive when they show up. This can quickly move to the upside as we saw this morning.
NYMEX:NG1!
by Natural_Gas_Trader
2
NATURAL GAS FUTURES (NG1!) Monthly, Weekly, 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. Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable. This is not trading advice. Trade at your own risk.
NYMEX:NG1!
by Dinjin
1