GWM1! trade ideas
NATGAS The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for NATGAS below:
The instrument tests an important psychological level 2.638
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.455
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Natural Gas Prices Rally Amidst Geopolitical Tensions and MarketNatural Gas Prices Rally Amidst Geopolitical Tensions and Market Sentiment Shift
The price of natural gas is staging a recovery, currently trading around $1.80 as of the time of writing. Preceding any technical analysis, it's important to note that the US Dollar Index is experiencing a slight decline, as market sentiment favors risk assets over safe havens and cash.
Natural gas futures are showing signs of strength ahead of the US trading session this Tuesday, surpassing the $1.80 mark. This uptick comes after tensions between Israel and Iran nearly escalated into a direct confrontation, causing concerns in the market. Despite the de-escalation of tensions over the weekend, natural gas prices are on the rise, buoyed by a shift in investor sentiment.
Both equities and commodities are regaining favor, with several analysts predicting a notable increase of 10% to 30% in commodity prices, particularly precious metals. Additionally, we are entering a period of seasonality for natural gas, historically marked by price growth during this time of the year.
Technical indicators further support the bullish outlook, with the Relative Strength Index (RSI) exiting the oversold territory and currently above the 50 middle level. This suggests a potential long setup trade for a swing reversal, aligning with the seasonal trend.
In light of these developments, traders may consider maintaining open positions for an extended period, in anticipation of the forecasted price movements driven by both geopolitical factors and market sentiment shifts.
Natural Gas MCX Future Technical Analysis for 14 May📊 NG MCX Future Technical Chart Analysis
🎯 Range Point: 196.60
🎯 Day Range: 11.00
📉 May Future Buy Above: 193.00
📉 Average At: 191.70
🎯 Buy Target 1: 203.40
🎯 Buy Target 2: 207.60
🛑 Buyer Stoploss: 189.33
📉 Sale Below: 190.40
🎯 Sale Target 1: 189.80
🎯 Sale Target 2: 194.07
🛑 Seller Stoploss: 194.07
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NG1! BEARS ARE STRONG HERE|SHORT
Hello,Friends!
We are going short on the NG1! with the target of 2.000 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
Natural Gas Price Forecast | Oil, Silver, Gold00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
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NATGAS Trading Opportunity! SELL!
My dear subscribers,
NATGAS looks like it will make a good move, and here are the details:
The market is trading on 2.252 pivot level.
Bias - Bearish
My Stop Loss - 2.355
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.090
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
NATTY running out of NATTYI'm going with the contrarian view here with the green line which is a 20% drop.
After some bullish news, we saw NATTY wake up briefly, however, stock piles are still as high as you can wish as a consumer for cheap gas.
This will eventually tip over and when it does it will fly real high, real fast.
Once more gas producers announce that they're cutting production make sure you have a position in place, but for now - NATTY DOWN.
Let me know what you think and good luck!
GASINO BABY
Natural Gas MCX Future Analysis for 8 May, 2024📊 NG MCX Future Technical Chart Analysis - 8 May, 2024
🎯 Range Point: 180.70
🎯 Day Range: 10.60
📉 Buy Above: 183.69
📉 Average At: 182.85
🎯 Buy Target 1: 188.59
🎯 Buy Target 2: 191.30
🛑 Buyer Stoploss: 180.16
📉 Sale Below: 182.10
🎯 Sale Target 1: 179.81
🎯 Sale Target 2: 185.63
🛑 Seller Stoploss: 185.63
Natural Gas Price Forecast | Oil, Silver, Gold00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
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Natural Gas Technical Chart Analysis 7 May, 2024Natural Gas MCX Future Intraday Chart Technical Analysis - 7 May, 2024
Range Point: 186.30
Intraday Range: 10.60
Buy Above: 184.95
Average At: 183.70
Buy Target 1: 192.85
Buy Target 2: 196.90
Buyer Stoploss: 181.42
Sale Below: 182.45
Sale Target 1: 179.75
Sale Target 2: 185.98
Seller Stoploss: 185.98
Natural Gas Price Forecast | Oil, Silver, Gold00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
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NATGAS My Opinion! SELL!
My dear friends,
NATGAS looks like it will make a good move, and here are the details:
The market is trading on 2.150 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.994
Recommended Stop Loss - 2.252
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
Are there signs of a recovery in gas prices?If you would like to be notified whenever I post a new article, just click "FOLLOW" at the top. Also, if you would like to elaborate on a particular topic or need some advice, please comment below the article and I will be happy to help.
Are there signs of a recovery in gas prices?
Natural Gas Futures - Jun 2024 U.S. reached a one-week high at $2.06/MMBtu in anticipation of increased demand. This is due to an increase in the amount of gas used at the Freeport LNG export facility in Texas.
On Monday, the amount of gas used reached its highest value in three weeks, 12.9 bcfd compared to 12.2 bcfd the previous day. This suggests that at least one of the three liquefaction trains is back in operation after a period of interruption.
The natural gas injection season has just begun.
The annual gas storage process is divided into two distinct phases: gas injection into the reservoir, which takes place during the spring and summer (April 1 to October 31), followed by delivery during the fall and winter (November 1 to March 31 of the following year).
Gas producers have recently turned off the taps on major extraction fields, leading to a decrease in production. This could have a significant impact on the future of the gas industry and energy markets in general.
To achieve a sustainable recovery in gas prices, there needs to be a gas deficit. This means that demand exceeds supply and there is a shortage of gas in the market. Only under these circumstances will we be able to see an increase in gas prices in the long term.
At the moment, a deficit storage situation is unlikely to occur by November. However, as is often the case in the natural gas market, prices and weather conditions will have a significant impact on storage demand.
With the upcoming summer likely to be warmer than usual, we expect demand for electricity to increase.
This year has been difficult for the gas industry, but there are hopes for a return to normalcy by the end of the year. If producers continue on the path of reducing production, we are likely to fall back into a balanced storage scenario.
Our investors who have used TRADING VIEW this year have been able to avoid losses in the natural gas market, which has done minus 60 percent in six months.
How? By simply following the strategy of buying the best gas producers instead of investing directly in futures. Using TRADING VIEW's summary of technical indicators provided us with invaluable help.
The data provided by TRADINGVIEW suggest that ANTERO and other gas distributors have a more favorable position from a technical analysis perspective.
As a result, it would have been better to avoid natural gas futures, as technical indicators pointed to a negative situation.
One of the reasons why many people buy natural gas is seasonality. But as I often repeat, there are no magic formulas, and understanding or exploiting seasonality is useless and only leads to wasted time and money if you do not have a solid understanding of fundamental analysis.
We look forward to seeing you in the next article! And remember, for successful trading always rely on TRADINGVIEW: an indispensable tool that can help you avoid serious mistakes during your trades.
Don't put an essential purchase like this on hold.
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