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NGAS

NATURAL GAS BEARISH OUTLOOKThe recent surge of warm fronds impacting the United States, the largest consumer of natural gas, shows no signs of dissipating soon, exerting significant pressure on its market. This has led to a substantial decline in the price of the gas, plummeting for eight consecutive days from 2.841 to 2.375, marking a staggering drop of over 16%. Technical indicators are not signaling an imminent reversal of this trend in the short term, as both the MACD and RSI exhibit robust Sell signals. Should the current trajectory persist, there's a possibility that the price could dip to support levels around 2.124. A potential pivot point at 2.405 might be considered, potentially leading to a price rebound to 2.712. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
CAPITALCOM:NATURALGASShort
by legacyFXofficial
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
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 JHartCharts
NATURAL GAS EXPECTED HIGH VOLATILITY WITH BULLISH TENDENCIESThe ongoing conflict in the Middle East involving Israel, Hamas, and Iran, is having a potential impact on global energy markets. The conflict is complex, with deep-rooted historical and political dimensions, and has the potential to escalate, affecting regional stability. Geopolitical tensions in oil-producing regions can disrupt global energy markets, leading to price spikes and volatility in oil and gas prices. US energy policies, including decisions on domestic oil production and international relations with oil-producing nations, can influence global energy markets as well. That situation creates conditions for high volatility in the natural gas prices, with more tendency to bullish outcome. If the bullish tendencies continue, the price might reach its resistance level at 3.394. In the opposite scenario, the price might revert to 3.271. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
PEPPERSTONE:NATGASLong
by legacyFXofficial
The Lengthy Wave 4 BeginsWe don't usually advise trading wave 4's as they can get overly complicated, however upon waiting for what should be the minute wave B we are advising our clients to go long as there is an off chance the minute wave C could be a minor wave 3 if the bottom is in. This is not our primary count though and we believe there is one more intermediate wave down to complete the primary wave C. Going long in our green box around $2.4 should provide us with at least 800 points of movement to $3.2 to complete the minor wave A. As always when trading natural gas you have to be prepared for extreme volatility and manipulation so be sensible with your position sizing. Here's a closer look at the recent price action -
NYMEX:NG1!Long
by RAA_Trading
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