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NGAS

Natural Gas Analysis and ForecastBearish pressure is expected to persist in the coming days or week due to increased natural gas production following a June explosion that shut down a Texas LNG facility. The facility is expected to take at least two weeks to become operational again, but bullish pressure may return once it does as well as if winter conditions return in late January or early February. If the 3.500 level is broken, prices may increase to the range of 4.500-5.000 before a possible drop again. NYMEX:NG1!
NYMEX:NG1!Long
by ProTradeSignals
3
💡 (NGas) NG1! Will it be ready for upside ?Hello every one If the triangle seems to be broken, maybe the gas will return from these price ranges, and I think there is a high probability that we are now at the bottom of the gas price. A triangle has been drawn that if the candles leave the upper part of the triangle, there is a possibility of an upward trend. Be sure to keep an eye on the chart and don't miss this wonderful opportunity. What do you think? I'm happy to comment❤️🌹
NYMEX:NG1!Long
by hamidreza_FX
6
NGAS - CHANGE OF FORMATIONNatural Gas - a topic of geopolitics, war, supply, demand, and speculation at very high and unexpected volatility. Can we observe the price to go back to the triangle tracks and complete that figure or look for a new pattern? Maybe a new BULLISH triangle, speculations call for bulls to feast, especially if winter is hard and the war continues, Bears also peek behind the corner for Russia doing some damage control and pulling back from that controversial conflict. One thing is certain, we see dramatic volatility that can be traded daily and with many turnovers. Can we see once again double digits like 2005 and 2008, all factors are in place. 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.
BLACKBULL:NGAS.F
by legacyFXofficial
$NGAS - Is the Gas Crisis Over? (Short Trade)$NGAS - Is the Gas Crisis Over? (SHORT) With the Economy slowing, a variety of commodities are showing weakness, think about $OIL and $COPPER. $NGAS is still retesting this channel breakdown. I'm looking for shorts in this area as the potential rewards are huge. The war in Ukraine may be coming to an end, and this could have an impact on the price of natural gas. If the conflict ends, it may be possible to increase the supply of natural gas from Ukraine, which could lead to lower prices. Additionally, Europe already has enough natural gas to meet its needs for the entire winter, which could also help to keep prices down. However, it is important to remember that the price of natural gas is determined by many different factors, and it is impossible to predict with certainty how it will change in the future on a fundamental level. The charts look good.
FX:NGASShort
by CryptoBoj
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
NGAS BULLISH OUTLOOKNGAS prices started rising on Monday after a cold wave engulfed the European continent, testing its ability to coupe with the cold weather without its main natural gas supplier Russia. The instrument broke the resistance levels of the triangle chart pattern entering into a bullish movement. RSI indicator is above the 50 neutral line and MACD histogram is above 0, both confirming the potential bullish movement. If the trend continues the price might try to test levels of 7.649 In the opposite scenario, the price might try its previous support of 6.554 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.
BLACKBULL:NGAS.FLong
by legacyFXofficial
XNGUSD - NGAS NEXT WEEK MOVEGas this week had a strong bullish movement, and I expect it to complete this movement next week, with a correction that may target 6.40 levels, from which it may launch towards 7.0 levels.The gas has been in an ascending channel for 11 days, but will it breach it and rise towards the 7.0 levels? We wait next week to see what it has in store. 🔥💥 Like, Shared and subscription 💥🔥 Note: If you are a beginner trader, you should be aware of these rules: 1: Do not covet 2: Don't trade too much 3: Secure your positions after entering the profit 4: Enter contracts that fit your portfolio 5: Adhere to all recommendations
FXOPEN:XNGUSDLong
by zaidhatem
NGAS: Will Demand for Natural Gas Increase With Climate Change?Natural Gas's all-time price action/chart suggest that it is due for a sizeable, generational bull run, to start within the next 3 years. One could blame it on war or climate change or politics but I am not smart enough to determine which may be the actual cause, if any. I can instead deduct from NGAS' wavemap that we are unlikely to enjoy the low prices we've seen during the early 90s or at late as Spring 2020. I've never looked at an inflation chart or have been able to determine what's next for us in that regard but I think this commodity alone can give us some decent expectations. What happens if/when it costs 20x more to keep your home cool in the summer (or warm in the winter)? With an extended diagonal wave in primary Wave 1 of NGAS, we can expect that primary Wave 3 will be likely extended beyond the 1.618 level. We cannot say that this will occur for sure but it is as likely as it ever is. After finding possible support below $5 in 2024, this commodity could make citizens want to hit the rewind button irl. By 2037-2040, Natural Gas could and should be more than the price of Oil. At this point and time, I genuinely believe that NGAS will go 40X within the next 15 years. This is indication that I've found through continued analysis of price action. I have no reason to doubt this perspective but am well aware that it could be invalidated upon any given day. For continued analysis of this worldwide commodity and help with taking advantage of a possibly upcoming generational swings, come surf with me and the Digital Surf Trading Community.
NLong
by DigitalSurfTrading
2
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
$UNG: Next leg up in Nat Gas pricesI think we may see a rapid advance in Nat Gas here, the technical setup in $UNG paves the way for a 18.4:1 reward to risk potential trade. I'm long equity here, but you could trade this with options, or an equivalent fund in the EU or UK (if you're EU based). Futures or options on futures are also an option, but more complicated to execute with maximum efficiency. I suggest you explore this if you're more experienced, and able to determine which strategy to use to maximize RR and performance vs capital allocated to this idea. Best of luck, Ivan Labrie.
AMEX:UNGLong
by IvanLabrie
6
💶 EUR; Lowest Rate in 19 Years ( Risk of Energy Crisis )🆖As the risks of an energy crisis increase, the euro is nearing its lowest level in 19 years Today, the price of natural gas has increased by 9%, and the price of electricity for one year in Germany is 14 times higher than the level of one year ago. The numbers are crippling for heavy industries, with Germany's DAX down 2.3 percent today, the steepest drop in the global index. The euro has strengthened over the past six weeks as the US dollar weakened against a less accommodative Federal Reserve, but that rally appears to have come to an end. Meanwhile, Europe's economic outlook is rapidly deteriorating. The EUR/USD low was at0.9952 in July and is now about 20 pips away. If this rate breaks, the euro will hit its lowest level since late 2002.What is surprising is that the people of Europe have not yet realized how bad the economic situation will be. There is a lag in energy price increases that has not yet been felt and depends on different countries and contract structures, but there is a lot of difficulty ahead. ✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE! -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💚 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
by PRO_SMART_Trader
5