NATURAL GAS Last pump to the 1D MA50 before selling.Natural Gas (NG1!) gave us an excellent sell signal on our last 1D analysis (January 11 2024, see chart below) and easily hit our 2.135 Target:
That Channel Down broke and the new that has emerged is more aggressive, headed into a 1D MACD Bearish Cross. If that happens, we will sell on the spot, if not we will wait until a 1D MA50 (blue trend-line) test, ideally even marginally higher (+46% from the bottom). Our Target is 1.400 (-38.50% from the top, similar to the December 13 2023 Lower Low).
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
TFN1! trade ideas
NATGAS On The Rise! BUY!
My dear subscribers,
This is my opinion on the NATGAS next move:
The instrument tests an important psychological level 1.809
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 - 1.900
My Stop Loss - 1.774
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
Natural Gas Price Forecast | DXY Crude Oil Silver GoldNatural Gas Price Forecast | DXY Crude Oil Silver Gold
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
05:50 AMEX:UNG Stock Forecast
07:14 USO Oil Stock Forecast
09:36 DXY US dollar Stock Forecast
10:44 Gold XAUUSD Stock Forecast
12:36 Silver XAGUSD
Gas off the bottomOne might have wondered how much more the price of natural gas futures would fall when they matched 2020 lows of 1.58/MMBtu a few weeks ago.
That seems to have been the worst of it. Gas made a higher high last week, inspiring us to buy 2,500 MMBtu for April delivery at 1.87.
We're happy to let it run to the upside, but would close with a small loss on a reversal to 1.81.
NATURALGAS Future - Intraday Levels - 8th March 2024Mostly Flat closing can be expected. or +/- 6 to 9 Points movement ?
If Sustain above 154 or 156 then 160 to 161 strong level then 165 or 167 or 168 Strong level above this more bullish
If Sustain below 151 then 149 strong level then around 145 or 143 or 142 below this more bearish
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
NATGAS Risky Long From Support! Buy!
Hello,Traders!
NATGAS went down from
The resistance of 2.00$
Just as I predicted but
Has now reached a
Local support level of 1.772
From where we are already
Seeing a bullish rebound
And I think that the
Price will go up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
NATGAS BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
NATGAS pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.669 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
Short-term bullish run to target around 2045.00.Overall, we have been bearish. However, for the past few days, we have been making higher highs (HH). I'm looking for a continuation of a short-term bullish run to target around 2045.00.
We will plan accordingly with whatever the market shows us and stick to our trading plans.
NATURALGAS Future - Intraday Levels - 7th March 2024If Sustain above 161 then 164 then 165 then 166 to 166 then 167 above this bullish then 148 then 153 then 159 to 162 then 164
If Sustain Above 16o then 157 then 152 below this bearish then 151 to 149 then 147 then 145
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
NATURAL GAS Cycle bottom. Now one of the best buys of the year.Natural Gas / NG has been trading inside an 18 year Channel Down pattern.
It has been below both the 1M MA50 and MA200 since January 2023, as it entered into the 2nd phase of the Bearish Wave.
Last week it hit the Falling Support Zone as well as the horizontal Support Zone, which is in effect since December 2015.
The 1M RSI touched its own Rising Support.
We are at the bottom of the Sine Wave, which means that this is a Cyclical Low, a pattern holding since 2010.
This is a very bullish long-term mix and indicates that we are at or at least very near the new long term bottom.
Buy and target 3.500, which will be at the time as close to the 1M MA50/200 as possible. Also it will be almost a +137.20% rise, which remarkably enough, this is by how much NG has risen initially after each bottom.
Follow us, like the idea and leave a comment below!!
Potential NQ Futures Buy IdeaHere is my perspective of what Nasdaq futures will do very soon.
After sweeping external liquidity above the previous days high, I can see price mitigating internal liquidity then rallying up with the higher timeframe direction.
I am using standard deviation projections to calculate my take profit level
Natural Gas Price Forecast | DXY Crude Oil Silver GoldNatural Gas Price Forecast | DXY Crude Oil Silver Gold
0:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
05:29 AMEX:UNG Stock Forecast
06:37 USO Oil Stock Forecast
09:18 DXY US dollar Stock Forecast
11:08 Gold XAUUSD Stock Forecast
12:30 Silver XAGUSD
NATGAS Trading Opportunity! SELL!
My dear friends,
NATGAS looks like it will make a good move, and here are the details:
The market is trading on 1.836 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 - 1.653
Recommended Stop Loss - 1.929
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
———————————
WISH YOU ALL LUCK
Natural Gas Price Forecast | DXY Crude Oil XAUUSD XAGUSDNatural Gas Price Forecast | DXY Crude Oil XAUUSD XAGUSD
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
04:55 AMEX:UNG Stock Forecast
07:08 USO Oil Stock Forecast
09:20 DXY US dollar Stock Forecast
10:54 Gold XAUUSD Stock Forecast
12:28 Silver XAGUSD
NATGAS Resistance Ahead! Sell!
Hello,Traders!
NATGAS keeps going up
In a bullish correction but
The price will soon hit
A strong horizontal resistance
Level of 2.016$ and after
That retest a bearish reaction
And a move down are
To be expected
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
When will there be the long-awaited rebound 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 you.
When will there be the long-awaited rebound in gas prices?
After a sharp drop of 7.5 percent in the previous session, the U.S. Natural Gas Future - Apr 2024 (NGJ4) rose slightly above the $1.65/MMBtu mark. Traders are facing an oversupply situation with high storage levels and weak demand due to a mild winter.
However, producer efforts to limit production are providing some support. Despite a brief interruption in January due to Arctic frost, gas production still remains at historic highs. The mild weather has led inventories to be well above average, as evidenced by EIA's latest report showing storage levels 22.3 percent above normal.
As a result of prices falling to their lowest in 3 1/2 years, Chesapeake Energy has reduced its production plans
With natural gas prices near multi-year lows, it is fair to ask whether this is a good buying opportunity.
To get an accurate forecast of the future of the gas market, it is critical to analyze the outlook of its producers. These companies provide valuable data that can help us determine whether the stock is overvalued or undervalued.
In addition, by considering the correlation between these companies and natural gas futures, we can get a better idea of the trend of the natural gas market.
If you are thinking of investing in this sector, avoid doing so through futures. We are currently in a Contango situation. This means that future prices are higher than the current futures price, causing an upward curve.
As we get closer to the expiration date of the contract, the gap between the spot and future prices will narrow, causing the curve to converge back to the spot price.
If you are looking to invest in gas, your best choice would be to buy shares in gas producers. In this article, we will take a look at Antero Resources Corp using One of TRADINGVIEW's features to better understand the financial aspects of the company.
TRADINGVIEW is like having a high-level technical analysis expert at your fingertips. Because of its intelligence, it automatically analyzes the company providing you with important data that would otherwise take months of study to calculate.
As you can see from the images, the stock is in the sell zone as shown by the oscillators and this indicates a potential downtrend.
This means that it is still too early to buy natural gas. The ideal time might be the second quarter of the year.
With the arrival of a hot summer, the demand for natural gas to power air conditioning systems could increase significantly. As a result, we expect the price of natural gas to increase starting in April.
It should be kept in mind that the demand for natural gas for summer cooling is much lower than the demand for winter heating in the United States. According to the average seasonal data for the past 5 years, January is the month with the highest demand for natural gas, while July slightly exceeds August as the peak summer month. Overall, total gas consumption in the United States in January is 35.5 percent higher than the demand recorded in July.
An opportunity to increase gas prices could come from a major player in the energy sector such as Chesapeake Energy Corp, which recently announced a 20 percent reduction in capital asset investment. This will result in a decrease in the number of drilling rigs, thus reducing gas production and oversupply in the market.
I look forward to seeing you in the next article! And remember, always rely on TradingView for your trading: an essential tool that can help you avoid serious mistakes in your trading.
You can purchase it through this link
www.tradingview.com