nat gas divergence spotted at potential supportfrom decline, to sideways, thats how trend end and change. shifts in moment tum are often seen as divergences in the indicators. odds not guarantees of course. by optionfarmers3
WEEKEND UPDATE APR 22 2023 THIS CONSOLIDATION WILL BREAK SOONMacro 2/10 YR CURVE - Inverted = -.60 (Down from -.56 last week) HIGH YIELD SPREADS = 4.54 (Up from 4.49 last week) US ISM PMI - Contracting Faster = 46.30% US ISM SERVICES - Growing Slower = 51.20% S&P 500 ( SPY ) - Investable Nasdaq100 ( QQQ ) - Investable Russell2000 ( IWM ) - Not Investable Gold ( GLD ) - Investable US 30yr Treasury Bonds ( TLT ) - Counter Trend Rally US Dollar ( UUP ) - Not Investable US Real Estate ( IYR ) - Counter Trend Rally European Equities ( VGK ) - Investable India ( INDA ) - Counter Trend Rally Broad Asia Equities ( VPL ) - Investable China A-Shares ( ASHR ) - Investable (Pullback) Emerging Markets ( EEM ) - Investable Wheat Futures (ZW) - Not Investable Corn Futures ( ZC ) - Investable Soybean Futures (ZS) - Investable Silver ( SLV ) - Investable Natural Gas Futures ( NG ) - Not Investable Volatility Levels S&P 500 - 16.77 - Investable Market Nasdaq100 - 21.29 - Choppy Market Russell2000 - 22.75 - Choppy Market S&P 500 Volatility Structure - normal Contango Structure VIX 9-Day - 14.88 VIX Short Term - 16.58 VIX - 16.77 VIX Long Term - 17.09 Now, here is the list of individual ETFs and individual names are showing strength. Strongest of our ETF universe CANE SVIX NIB EWL EWQ SLV PPLT GDX EWI EWP VGK EWG EWU DBA XLP IGV EWK EWD XHB XLV SPY PINK EWO DIA SPLV DEF XLU IBB MTUM IWD Strongest of our ETF Leveraged/Inverse Funds NAIL EURL TQQQ JUNG SPXL DFEN UDOW CURE UGL UTSL KORU DUSL WANT Strongest of our Individual Equities SWAV FSLY META WST ALGN BLDR PHM GE LULU ISRG TMDX CPRT FTNT SYK NVR LW TXG FDX TAP HUBS MCD SHOP LVS LLY WYNN HSY ASO CRM ORLY COO ZBH CMG LEN XRAY MSI DHI TYL BSX KMB ATVI GIS MELI HCA ORCL YUM CBOE ROL AJG OLLI INMD PG EA LIN CHD KO SO PVH TDG AON MRK TSCO MMC VRTX PPG EXI ZTS BRK.B HOLX CLX UHS BDX MGM OMC DXCM TTWO MDLX RSG WMT SBUX PEG CAH VRSN WM PKG V WRSK PWR BIIB RTX ABC NOW ABBV HWM ULTA UPS GILD MTD ZEL AEE ODFL FAST MA INTU RE ICE ED CNP SNA EXPD JPM PNW ABT REGN RRR HLT LOW HSIC BRO XOM WEC EXC ECL MAR NI CME EL CTAS EVRG LNT CL PPL AWK CSX RMD SRE IRM HES DGX DLTR JNJ AEP OKE NEE C STZ EQIX ATO MLM DFS WTW ETR by mbrannigan115
Still Long GAS | S&R Flip : Breakout Retest on Falling wedgeNatural Gas update Still hold a position on Nat Gas as the potential weekly double bottom continues to be confirmed with 1st target price being on the neckline/ resistance line. The past week was mostly sideways, giving signs that the bull are now standing their ground over the bears. Things to look out for Contract switch US Natural Gas Stocks Change Confirmation of the breakout from the falling wedge | Fakeout? Disclaimer: Position open. (Natural Gas is still the widow maker). Post not financial advice/recommendationLongby N_I_G554
NG1! BEST PLACE TO BUY FROM|LONG Hello,Friends! It makes sense for us to go long on NG1! right now from the support line below with the target of 1.931 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignals121273
Natural Gas Detail Trading Plan |Long term| Support & Resistance- AMEX:NG AMEX:UNG AMEX:BOIL : if i were to add today, I laid out a detailed game plan in the video of how to trade it with SL and target. - 4 hour currently in neutral trend - potentially shaping up daily higher low and trend change to uptrend need to break above prior high - still trading within the equilibrium range likely breaking in early May Long07:15by ArcadiaTrading1
Short-term possible entry idea.Price has been bouncing within MA band on 2h/4h. It rejected attempts to break through to the upper upwards trend channel indicating move downward. Fib Retracement shows 2.1 as an interest point, aligns with the gap that was made this monday as well with a potential divergence on 2h macd. Will wait and watch price action tomorrow for a potential long position. Thoughts?Longby Z0-Dan221
Natural gas must be reversed in extremes, and bulls have reappea The demand for natural gas continues to rise. Internationally, Brazil’s natural gas production decreased by about 12% in March. In the United States, meteorological experts predict that the severe cold in the United States will not decrease in the next ten days, and natural gas production will increase to cope with the future severe cold weather. After the decline, short positions have been reduced. The recent rise in oil prices has also led to a gradual rise in natural gas. The above are some things on the natural gas news side. From the high point of 9.98 last year, it has fallen halfway through. I believe that the price of half discount must be very attractive. I also believe that many people rushed in to buy the bottom, but the reality is indeed disappointing. The continuous decline has disappointed most people. , until recently natural gas has completed the medium-term downside structure. Since August 9.98 last year, natural gas has experienced three waves of decline. At the same time, the second wave C has reached 1.382 times that of wave A, which is in line with the proportion of AC equidistant or slightly longer than the first wave in the adjustment wave. Another point is that an obvious 5-3-5 structure has emerged from the internal form, which means that the mid-term decline has come to an end. This is very likely to be the bottom of the past half year. Of course, it will take a stage to build the bottom, so it is only the initial stage after the reversal. I also mentioned many times in the road show the suggestion to start the layout of the 2.03~2.13 area. Since yesterday, the continuous increase of 8.8% and today’s increase of 17.4% can be regarded as the prelude to this increase, but don’t be afraid of heights. Space is far from being reached. According to my deduction, from the perspective of the golden section, the short-term target for this rise is 3.84, and the medium-term target is 5.01 or 5.96, which means that there is at least double the space from the current price. The leverage attribute is even greater returns. Of course, whether the rebound or the rise is in the same direction, it is nothing more than the overlap of wave a and wave 1, and the overlap of wave b or wave 2. At least starting from the bottom, you can see three waves of trends until wave c or wave 3 Only when there is the possibility of closing, so the goal must be enlarged, the pattern must be enlarged, and there must be an overall view, so as to reap the most lucrative opportunities in the band... Longby DomineeringdealUpdated 3317
✅NATGAS BUYING OPPORTUNITY|LONG🚀 ✅NATGAS will soon retest a key support level of 2.2$ So I think that the pair will make a rebound And go up to retest the supply level above at 2.28 LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx121251
It is not yet the right time to buy Natural gasIt is not yet the right time to buy Natural gas. U.S. natural gas futures prices hit a three-week high on Monday, climbing nearly 8% after forecasts of colder temperatures and higher heating demand in the next two weeks. The predicted decrease in temperature has led to an increase in the value of futures. Prices have risen as the amount of gas being exported abroad as liquefied natural gas from the United States is heading for a new monthly high. Export levels remained elevated for the second consecutive month in April. Forecasters are foreseeing lower-than-usual temperatures in most of the 48 continental US states between April 17 and 25. Refinitiv estimates that this trend pushes gas demand across the United States, including exports, to 94.8 bcf/d in the coming week, up from 94.1 bcf/d this week. Good news comes from natural gas demands, however, it has not been a problem in the year 2023. Natural gas experiences a higher demand during the summer (July and August) for electricity generation, while in the winter (December to February/March) there is a sharp increase in demand for heating homes and buildings in the North East and Midwest. Natural gas has multiple uses, including industrial use, for home heating and to produce electricity. A major alternative source to NG-generated electricity is coal, but with still high prices - $3.5 per MBTU versus $2.5 for NG - there are strong economic and capacity pressures for utilities to scale up the production of energy using natural gas. With many coal-fired plants expected to be phased out over the next year, these pressures are set to increase. I am confident about the demand for natural gas, but pessimistic about production. Production remains high and adverse weather can cause problems as we have witnessed this winter season. The price of gas has fallen due to warmer temperatures, which have led to a significant increase in stocks. Looking at the technical picture, the short-term trend appears to be bullish supported by good volumes. However, the movement was not caused by purchases, but by short-coverings. When prices drop significantly, speculators will buy back to close out gaining positions, thus creating a temporary bounce. My pricing model points to natural gas prices rising to HKEX:5 over the next few quarters. So I will monitor inventory weekly to consider purchasing the gas. I expect drought and extreme temperatures to come this summer, so my plan is supported by that scenario. The opportunity is tempting and I can't afford to pass it up. Author's note: The contents and information presented on this site should not be considered as a solicitation to invest in the financial markets. by Antonio_Ferlito114
Natural Gas Future Outlook Weekly /Daily S&R Technical Analysis - AMEX:NG Finally got a 4 hour uptrend need more follow through tomorrow to confirm - likely heading to $2.5 if 4 hour uptrend confirm follow through tomorrow - tradeable ticker AMEX:UNG and AMEX:BOIL still use the NG chart if you are trading natural gas. Long05:59by ArcadiaTrading1
Apr 18,22-NG-FINALLY going up :-)So it looks like I was more or less correct - 2 was a decent bottom and good entry point. Don't know how many of you got in, but I'm in at 2 going long so I'm in decent profits currently. I'll keep you updated as usual. As you can see I am trading on the weekly/daily so I'm not sure what my target is yet, but I am partial to 500 point profits so I might get out if NG hits 2.5 Take care and stay safe. HeikoLongby HEIKOTradingSystem666
NG1! Sellers In Panic! BUY! My dear followers , Please, find my technical outlook for NG1! below: The price is coiling around a solid key level - 2.274 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2.505 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCKLongby AnabelSignals151573
NGAS BUY? Take profit 3 USDHi, April we start with new quartal on this calendar year. We expect strong bull on next 2 months on NGAS. tp1 : 2.80 usd tp2: 3.00 usd Take profit long term : 4.20 usd ? Longby darksignal118
Fib retracement levels for NatGasShould retrace now to the 1st fib. It can take several weeks, but once the SMAs cross we should see an upward movementLongby kristaaarmistarUpdated 227
Natural Gas Weekly Bear Flag potential but still holding Support- AMEX:NG AMEX:UNG AMEX:BOIL needs that 4 hours trend change otherwise even the big moves will essentially just fade - still a potential weekly bear flag - but still holding bottom wedge support and also double bottom on daily. 05:07by ArcadiaTrading1
Crude Oil and Natural Gas - Bearish ReversalsCrude Oil (WTI) & Natural Gas have been in an uptrend. Reversal Patterns are present, and BIG bearish moves are around the corner. Technical Analysis: - WTI: Ascending Channel Breach - Natural Gas: Ending Diagonal Shortby Lionheart-EWAUpdated 131316
NG, on active accumulation phase..NG, is undergoing significant accumulation at the current levels. It revisited strong order block / support at 1.9 level and it touched this multiple times. It retested it and bounce back-- only to return to it multiple times. Let's see if it can finally muster strength to reverse from this level. Spotted at 2.10 TAYOR.Longby JSAL3
Natural gas range for 2 month 150 to 250 Hi every one ng range 150 to 250 means 3 triple bottom at 150 april may jun july breakout month target 450 Longby paisachapo0
Naturalgas 150 to 155 Trend change leval Hi every one Naturalgas trend change leval 150 to 155Longby paisachapo1
NATGAS Risky Long! Buy! Hello,Traders! NATGAS went down again And is retesting the horizontal Support level of 2.00$ again So while the bias is somewhat Bearish I think that due to the Strength of the level we can Count on one more rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals121215
Natural Gas Long Term Outlook | Importance of 4H Trend change | - AMEX:NG AMEX:UNG AMEX:BOIL cant stress enough we need to change trends, even if it is a very big move it will just fade if no trends are changed - need to change the 4h and daily trend to the bulls - likely tightening up in a equilibrium into May, still holding the teal support line. 06:09by ArcadiaTrading223
NG1! Massive Long! BUY! My dear friends , This is my opinion on the NG1! next move: The asset is approaching an important pivot point 2.186 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2.439 Safe Stop Loss - 2.050 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCKLongby AnabelSignals101054
✅NATGAS WAIT FOR BREAKOUT FROM THE RANGE|LONG🚀 ✅NATGAS was trading in a Downtrend but then the pair hit The support level of 2$ and Formed a parallel range So IF we see a bullish Breakout from the range I think we will see further growth LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx9929