i'm ripping off someone else's idea with this trend line NYMEX:NG1! AMEX:BOIL AMEX:UNG TSX:HNU NYSE:FCX The trend line is from someone else's post. the Fib Channel has a convenient crossing of paths that fits my broken clock Long strategy. E I A Report Monday will provide some clarity... Longby OversoldPOS2
NG Natural Gas NG is extremely manipulated and oversold. All eyes on NG upside and seems like the turning point will be around $1.89Longby MasiView113
Commodities and Currencies Dont match the Stock Market behaviorAs an ex commodities guy, I remember many times when the stock market sold off and how commodity futures behaved prior and concurrently. Often times there has been tops or turns in commodities before there a reversal in stocks. Can this be one of those, or are commodities wrong and getting the economy wrong?07:26by ValuePig227
Natural Gas Short term target 4.35, long term target 2.33 Natural Gas recently hit the critical support at 3.4 and I see strong technical bounce to 4.3 level, hitting down sloping resistance line (red) which also coincides with Fib .618 level. Overall long term sentiment is still bearish, if the NG doesn't break above the 4.5 in upward momentum, we might see it crash towards 2.33 before mid of 2023. Let me thoughts and comments on this post. Longby gmaster29Updated 4430
Nat Gas looking oddly similar to BTC chart before a deep declineI am not saying this will happen, in fact I am personally bullish at the moment based on a number of factors. (For more on why I am bullish check out my channel for my nat gas trade) I thought it was worth mentioning that BTC price action over the past few years is lining up very similarly to the price action of nat gas over the past year. Based on this vague information I am still bullish, but as I explain in my other post I will be bearish as we approach a particular zone. That is when I will pull this chart back up and compare the direction between the two prices. Just something interesting to watch over the next few months!by farmtrader15Updated 223
NG on September 24, 2001The last time Natural Gas traded at 150% away from it's 200 Day Moving average was September 24, 2001. 28 trading days later, futures had rallied 80%. NYMEX:NG1!Longby OversoldPOS1112
BUYNG- As every trader knows, this is the most complicated commodity to trade, very aggressive with huge potential to win/lose. On weekly chart, NG is now in multi year POC touching multi year trend line and RSI pointing 28. Historically, each time when weekly RSI was at this level we have seen huge correction of more than 100%. Trade safe. Longby orimichaeli8811
Jan 30,22-NG-Almost long? Not so much!So NG price gapped down from the Big Boys on the weekend, putting the price of NG to almost a 2 year low. Not good for people like me that wanna go LONG and make some money. Anyway, hold onto your shorts and keep waiting for the low...someone told me maybe 2.5 - looks like maybe they were correct :-) Anyway, I'm still waiting (isn't that a song?) - doesn't look like anything is gonna change anytime soon. While the U.S. is in a cold snap right now, the long term forecast says seasonal norms so I don't see any crazy price spikes coming anytime soon. Guess we shall see if we can trade the S n P 500 on Wed depending on how much the Fed raises rates. Stay safe all. Heikoby HEIKOTradingSystem447
NattyNYMEX_MINI:QG1! Natural gas trying to reverse yet a retest of 2.7 - 2.6 seems to be waiting. a bounce there will confirm the uptrend and fill towards the upper channels towards 3Longby subhan30Updated 1
NatGas will offer a nice recovery rallyeWe will reach the trough of NatGas very soon - my expectation is end of February 2023 - and from there, we could get a rapid recovery into the 4... or even 5.... level, which will reward very well considering the short timeframe during which this will happen. Technical indicators are looking like they want to balance out, which is indicating a bottom of price drawdowns for the time being. Watch the chart closely and make your own judgements and de cisions...........Longby Woerle115
Natural Gas Down WEEKLY MCX:NATURALGAS1! Natural Gas is so far down/ head and shoulders Shortby tmundhe32Updated 7
NATGAS is trading in a Downtrend and keeps fallinHello,Traders! NATGAS is trading in a Downtrend and keeps falling After the breakout of the Key level just as I predicted So the next goal is the Strong support below at: 2.33$ and the key resistance Is at: 3.445$ Like, comment and subscribe to boost your trading! See other ideas below too!Longby Double_RR1114
Natural Gas: Latest Weekly Forecast- Drop to $2.60-$2.35 Following seven weeks of relentless selling, Natural Gas has entered extreme oversold conditions on Weekly Charts and either from current lows or a bit lower $2.60 and $2.35, an imminent rebound is very likely to test $3.00 and $3.275 resistance zone. If buying momentum strengthens above initial resistance zone of $3.00 and $3.275 our next upside Target cum resistance zone would be $3.50 and $3.70 while the rebound will aim for $4.74 as strong supply zone. In a trending bearish market, sell off can last longer enough that drives away most of the buyers from the arena before actual reversal takes place. Longby SunilKumarDixitSKCharting10
$QG1; bottom on natural gas futures?There is a bullish activity in ETF option markets linked to Futures of GAS, ProShares Ultra Bloomberg Natural Gas (BOIL) and United States Natural Gas Fund, LP (UNG), source: @MC_OptionTrades. Inventories are decreasing (source: EIA) Trend follows bearish but we shall pay attention Longby SANMARTIN_M0
Bullish pattern on the 1-5 min carefulBullish pattern on the 1-5 min but careful for taking longs because the market still is in a downtrend looking weak with weak earnings especially top-line 02:57by robertbongart2
BULLISH --> Demark Sequential - Perfected Set Up and 13 Count NYMEX:NG1! AMEX:UNG $UNG $BOIL $NG1 demark.comLongby OversoldPOS11