Natural Gas DXY Gold Silver OIL Price Forecast- Natural Gas Natgas Stock daily uptrend confirmed
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00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
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09:19 Gold XAUUSD Stock Forecast
10:55 Silver XAGUSD
TFN1! trade ideas
NATURAL GAS Strong sell on the 1D MA50.Natural Gas has been so far following the sell strategy we shared with you a month ago (December 04, see chart below), having already hit one Target (2.425):
Yesterday the price hit the 1D MA50 (blue trend-line) and managed to close the 1D candle below it, which stands out as the most efficient sell opportunity since the October 27 2023 High. Technically we can see a new Channel Down emerging with two Lower Lows and two Lower Highs already. Our long-term 2.135 Target on Support 2 remains, but technically the downside can be considerably bigger (-38.67% was the previous Bearish Leg).
If the price breaks above Resistance 1 (2.990), we will take an additional short-term buy, targeting 3.275 (Resistance 2).
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Natural Gas DXY Gold Silver OIL Price ForecastWelcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias
- Natural Gas weekly bear flag
#naturalgas #natgas #xagusd #dxy #xauusd #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
04:55 AMEX:UNG Stock Forecast
06:22 USO Oil Stock Forecast
07:52 DXY US dollar Stock Forecast
10:52 Gold XAUUSD Stock Forecast
13:37 Silver XAGUSD
Natural Gas Price ForecastWelcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias
- Natural Gas Natgas Stock daily uptrend confirmed
#naturalgas #natgas #xagusd #dxy #xauusd #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
04:24 AMEX:UNG Stock Forecast
05:42 USO Oil Stock Forecast
07:38 DXY US dollar Stock Forecast
10:52 Gold XAUUSD Stock Forecast
12:46 Silver XAGUSD
NATGAS Will Collapse! SELL!
My dear followers,
This is my opinion on the NATGAS next move:
The asset is approaching an important pivot point 2.469
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 - 2.385
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
New lows for natural 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.
New lows for natural gas prices?
U.S. Natural Gas Futures - Gen 2024 (NGF4) recovered from a 6-month low at $2.2 last week and now hovers around $2.5/MMBtu.
This is due to seasonal demand and increased gas flows to LNG export facilities.
Robust and steady exports are expected to continue, with LNG terminals consuming about 15 billion cubic feet per day.
However, the market is also affected by concerns about possible disruptions to maritime trade in the Red Sea due to attacks by the Yemeni Houthi militant group.
In this regard, global freight companies are seeking alternatives to passage through the Red Sea, including the Cape of Good Hope.
BP has even suspended all of its Red Sea shipments to avoid future problems.
Readers who have followed my articles on natural gas this year know that I have been bearish since October because of high production and warm weather with consistently above-average temperatures.
Unlike last year, December 2023 ranked as one of the hottest months ever.
Unless there is a sudden change in the weather forecast, the situation may only get worse.
NG natural gas production has been exceptional this year, but this has led to a drastic decrease in prices that will probably not reach $3 until the second quarter of 2024.
After a record warm December, we may finally have cooler winter weather in January, giving hope for a recovery in natural gas prices.
Currently, the ECMWF-EPS long-term forecast indicates a possible cold spell in mid-January, and we hope this will come true for the sake of market bulls.
However, we know that weather forecasts are not always accurate so it remains to be seen what will actually happen.
According to the futures curve analysis, no good news is coming for gas.
Currently, the curve is in contango, which means that investors are willing to pay more to buy gas in the future than the current price.
This is mainly due to the need to protect against a possible rise in gas prices.
However, near the expiration of the futures contract, a decline in the premium offered on the current price is often observed, and the futures price gradually approaches the spot price.
Under Contango conditions, futures prices of a commodity tend to be higher than current prices.
Therefore, the futures price curve will steepen as we approach expiration, as the expected spot price becomes closer and closer to the futures price.
Remember, if you want to trade in the natural gas market, you also have the option of investing in the shares of a related company such as Antero Resources Corp (AR).
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This independent company is involved in the development, production, and exploration of energy resources in the Appalachian Basin, including natural gas, natural gas liquids (NGLs), and oil.
In summary, there could be a technical upswing for gas, especially if the weather turns surprisingly colder than expected.
However, in the medium term I remain rather pessimistic and have already predicted long-term lows in my previous articles in October. I predict that natural gas prices will fall further in the next quarter, reaching new lows around $2.
NG1! Will Fall! Short!
Take a look at our analysis for NG1!.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 2.468.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2.366 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NATURAL GAS: Long term Cycles target 1.400.Natural Gas is very consistent with its long term patterns and in particular Cycles that have been in effect since the 2008 crisis. The dominant pattern since then has been a Channel Down and with the application of the Fibonacci levels we get a good understanding of the Cyclical phases. We need to look at the 1W timeframe for that, where the technical is already bearish (RSI = 40.467, MACD = 0.009, ADX = 38.451), recently rejected near the 1W MA200 and now under the 1W MA50.
We can see another three patterns with declines under the 1W MA50 after a 1W Death Cross formation. All pushed near the bottom of the Channel Down, with only the 2009-2012 taking longer. Every monthly rally is a sell entry for us from now on (TP = 1.400).
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