Ng1
Natural Gas and UGAZ Comparison 2012 Bull RallyComparison to show the importance of not holding UGAZ long term.
Natural Gas Weekly Cycle TargetsThe natural gas weekly cycle is typical about 26 weeks consisting of 3 daily cycles. A bullish weekly cycle will likely consist of 2 bullish daily cycle and 1 bearish daily cycle. It is possible for the weekly cycle to have 3 bullish cycle, it is more likely that would be the spring/summer cycle than the fall/winter cycle though. It is likely the last daily cycle of winter is bearish.
The price target for the first cycle is a high of $2.40-$2.60 and a low of $2.20-$2.40. The weekly cycle low is expected late September to early October. The exact date for the spring/summer cycle will be harder to predict due previous cycle low of April 2 being quite late. It is possible there is only 2 daily cycles, shortening the weekly cycle and making it possible the cycle low is in August.
The price target for the fall winter cycle will be around $3.00 up to $3.75, representing a increase of approximately 100-150% from the low of $1.52. This high is harder to predict due to the cumulative affect 6 daily cycle will have on the price.
I am only showing the bullish out come on this chart there is the possibility that natural gas turns bearish again and we must remain open minded to that possibility.
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 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 Storage Numbers Show Larger Than Expected BuildThis week’s numbers have shown a build of 38 billion cubic feet for the week which does constitute for a build of 1.91% in total storage within the United States.
Natgas - if channel breaks we'll see $2,2Just an observation, let's see how it goes. Target subject to change depending on the date when we break the channel.
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
Natural Gas Shows Further Cuts in Inventories For the WeekNatural Gas Continues its Monthly Run of Inventory Cuts Showing -19bcf for the Week
