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!
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TFN1! trade ideas
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.
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.
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WISH YOU ALL LUCK
Natural Gas Is Looking For Lower SupportNatural gas is trading bearish for the last couple of months, but we see it in a larger (A)-(B)-(C) corrective decline that can be slowly coming to an end. We are actually tracking final wave 5 of (C), which should be completed by a five-wave cycle of the lower degree.
Natural gas is currently in an intraday consolidation within downtrend, ideally in subwave "iv" triangle pattern that can take it lower for wave "v" of 5 of (C) towards 1.6 - 1.5 area before it finds the bottom.
2023 Tradingdesk for Natural gasFrom now i will have one main idea, and all the ideas as we reach cycle targets for the year will be updated in the thread.
I dont trade short term, keep in mind my ideas are longer term, and its boring.
We wait for the cycles to bottom and we wait once in the trade for the trade to mature.
Fallow, like so you dont miss the updates.
Apr 10,23-NG-Finally hit bottom?Some decent gains today...Finally!! So have we finally hit a bottom? Back in Mid to late Feb price bounced off the 2 mark...so it looks like 2 is a very strong bottom. Or are we just going to go sideways now for a while? No bloody idea!
But at least we have some gains today...could be a good week...or could just be sideways week - keep your eye on it.
Lots of financial activity this week from the Fed etc so markets could change instantly.
Trade safe and stay safe!
Heiko
NG1! On The Rise! BUY!
My dear friends ,
NG1! looks like it will make a good move, and here are the details:
The instrument tests an important psychological level 2.035
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 - 2.507
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
NAT GAS LONG. The lows are LIKELY in for Nat GasNat Gas is probably THE most hated commodity now. Its reached MAJOR Horizontal Support, and 2 CONVERGING Trendline supports. ALL 3 are Converging at $2 level. Expect a bounce to 1st Target at recent highs $3 with Ultimate Target price at upper end of falling trend channel ~$3.55. Historical average Price of Nat Gas is $4 since 1990 with $1.62 - $2.00 range acting as MAJOR Support Zone for the last 35 YEARS.
Current price is also at the BOTTOM of the recent trading range and price appears to be forming a Wyckoff ACCUMULATION.
LONG Nat Gas at $2.01 and anything <$2.01. SL = CLOSING PRICE < $1.44. Reward:Risk = 1.75:1 at $3.00 target price and 2.7:1 at $3.55 Target Price
Trade what you see.
Natural Gas? More Like Natural Go. 4-Handle Coming.Over the course of 48 trading days between the Dec. 13 high and the Feb. 3 low, natural gas has lost 69 percent of its value.
Let's put that into perspective. Just imagine if, over the next 2 months:
Gold went from $1,874 to $590
WTI crude went from $79.72 to $24.17
Bitcoin futures went from $21,775 to $6,750
The SPX went from 4099.75 to 1,270
That's the kind of thing that just happened to natural gas, and naturally, it makes people wonder if they can get long, but they're also scared to get long.
And it's fair to be scared. NG's MMs are the biggest maniacs in any commodity or equity and a fall from $2.50 to $1.25 isn't "just a dollar" anymore, it's 50%, which kind of matters when you're levered long on 2-3x ETFs or just trying to trade big lot COMEX.
Regardless, I believe the time is right to go long. I don't believe the time is right to go long for $18. But I do believe that the time is right to bag the better part of an impending - and sharp - 50-75% move.
Eyes on China
I have to urge readers that you simply must be cautious with any long position at present, for the Wuhan Pneumonia situation in Mainland China is extremely dangerous.
Whatever you choose to believe when it comes to the Chinese Communist Party, I won't give you a hard time. If you want to believe the establishment narrative that Xi Jinping's hysterical Zero COVID weld-people-in-apartment-buildings social credit scheme actually made the virus not kill anyone to the degree that the Mainland, despite being the world's (formerly) most populous country and ground zero of the epidemic has suffered tens or hundreds of times less deaths and cases than the west , okay, you do you.
But when you see Zero-COVID fall, the Party says there were suddenly tens of thousands of new deaths and millions of new cases, and then since Jan. 10, the John Hopkins University tracker has reported ***0.00*** new cases, every single red alarm bell in your whole body should be ringing.
In our lifetimes, we will see the Chinese Communist Party fall. It will probably take Xi Jinping down with it, but it might not. And ultimately all the crimes against humanity the Party has committed, especially the 23-year persecution of Falun Gong and the unprecedented live organ harvesting of its practitioners (and Uyghur Muslims) will become the only thing in the world that matters.
Markets will actually gap down those days and won't come back. Wall Street won't be risk-on, at all, anymore. And thus, the algos won't be market making anymore.
The Call
Last year, I had two extremely successful calls on Natural Gas:
Published in October: Natural Gas / NG - Act II: A Number That Starts With "2"
I don't think anyone believed that at the time.
And in September, I had called when the market had finally turned from bear to bull: Natural Gas / NG - It's Officially a Bear. Now, Hold My Beer
Now, it's nice to have had some success, but please remember:
1. Broken clocks are still right twice a day
2. Past performance is not indicative of future performance
Now, for where we're currently at, there are some key factors:
Natural gas went down in a straight line for 33 trading sessions (thanks, Freemasons!)
The first trading day of the year was a gap dump
A brief sweep of the $10 psyop figure was _not_ the medium or long-term top.
2020 already had months of 1-handle
NG hasn't taken the December '20 monthly pivot at $2.2 and has started to show signs of reversal
We're getting close to summer, which is going to be HOT again because the planet's climate is trashed (just not from that CO2 propaganda nonsense. Earth is just an old man on life support, for real.)
Natural gas is this thing that produces most of the world's electricity, in a world that's using ever more electricity all the time
And so what I would ultimately like to point out is the ONLY thing you need to know as a trader:
A bounce from Friday's session close back to the gap set on the first trading day of the year amounts to a 75% gain.
Now let's say that the MMs aren't going to squeeze shorts that badly or reward bulls, even temporarily. Either way, the algorithm is for sure going to rebalance this extreme of a drop, and even if it were to rebalance 50%, you're still looking at a 35% gain.
I believe that for certain NG is about to bounce. It's just that either:
a) The bottom isn't yet in
b) The bottom is in after a 90% retrace to the $2.35 bottoms (this should occur when Nasdaq goes ham as Wall Street "Big Shorts" tech to retail and Cathie Woods)
Nasdaq NQ QQQ - Reality Will Be a Tough Pill for Permabears
$3.6 - $3.8 is the conservative upside target
$4.2 - $5.0 is the maniac upside target
Either way, I don't believe it's going to V-Bottom and run $18 and feed inflationary pressures, since equities need to go up before they go down, and CPI printing big gains will really get in the way of the narrative being woven by Citadel's PR firms.
I think this spike should come fast and strong and the retrace won't be that bad, but will be consolidate-y.
July of 2023 and straight through the middle of 2024, if humanity makes it functionally that long, is going to be very inflationary and very chaotic.
The status quo, the old normalcy, is long gone, and never coming back. Mankind is walking towards both the end, and its future.
Be careful. You choose your path with your heart and your conduct.