NATURALGAS trade ideas
Natural Gas may be at the start of a big move higherNatural gas has had a small move higher recently and has now pulled back to the 61.8% fib. This area is often a key price point where the market could start a major move higher. We could see a big trend starting from anywhere around here.
Even though we have the trend structure in place we will need to see buyers steps in and a trigger to buy signal. All we can do now is wait for the green trigger buy signal. Stop placement will be below the last swing low with an open profit target. However, if we do see buyers stepping in then 3200 would be an obvious target. Further up side from there is possible.
This could be big trade so all eyes on this market.
US GAS (Long)Turtle soup Trading Strategy
The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend.Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts.
It takes inspiration from the famous Turtles trading experiment, where novices were trained on a trend-following system.
Natural Gas: The Bearish Movement Remains IntactNatural Gas: The Bearish Movement Remains Intact
From our previous analysis, the price confirmed a double top pattern and moved down as expected.
Although the pattern was somewhat complex, it performed well.
Today, the pattern is once again confirmed, indicating that natural gas may continue to move down if it holds below $2.13
📺You may watch the video for further details📺
Thank you and Good Luck!
XNG/USD: Natural Gas Price Hits 2.5-Week LowXNG/USD: Natural Gas Price Hits 2.5-Week Low
As shown on the XNG/USD chart, today, the price of natural gas fell below $2.16 for the first time since 8 August.
Bearish sentiment is being driven by the fact that: → This is the last week of summer. Gas consumption typically decreases in mid-September as the use of air conditioning declines; → Gas storage levels are abundant. According to Reuters, current stock levels exceed the seasonal average by 12%.
A technical analysis of the XNG/USD chart provides several arguments suggesting that bears hold the upper hand in the market:
→ Price action is forming a descending channel, shown in red. The upper boundary of the channel acted as resistance, with the price forming a bearish rounding reversal pattern (as indicated in blue).
→ After a large bearish candle on 22 August, the resistance level at $2.24 became more significant.
→ Support lines, forming a fan shape, are being broken one by one, with increasingly shallow angles indicating weakening demand.
Nevertheless, bulls have an opportunity to turn the situation around by using support from the trendline (shown in yellow) at least in the short term.
However, in the longer term, if the supply-demand balance remains unchanged, there is reason to believe that the price of natural gas on the XNG/USD chart may continue its downward trend within the red channel.
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XNGUSD(Long)Turtle soup Trading Strategy
The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend.Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts.
It takes inspiration from the famous Turtles trading experiment, where novices were trained on a trend-following system.
US GAS (Short) Turtle soup Trading Strategy
The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend.Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts.
It takes inspiration from the famous Turtles trading experiment, where novices were trained on a trend-following system.
Natural Gas Robbery Plan To Make and take MoneyMy Dear Robbers / Traders,
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Natural gas falls as Middle East ceasefire talks progressNatural gas falls as Middle East ceasefire talks progress
On Friday the Natural Price decreased by almost -4.5%
This was related to fears that weaker demand from major NG importers could weigh on market sentiment.
Investors focus on the progress of ceasefire talks in the Middle East, which could reduce supply risks.
NG was also followed by a drop in oil prices. We didn't have a different move on fuel prices as we are used to when Oil and NG move in different directions. News about the ceasefire in the Middle East is supporting the decrease in fuel prices
NG may rise slightly for a small correction before it moves down more up 2.00 and lower as shown on the chart
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Natural Gas: are bulls capitulating? The bulls have made 9 attempts at breaking out. All attempts have failed which has led us to this sharp decline.
Nat gas is holding the 20 day MA but it does look somewhat vulnerable to going lower.
The death cross is getting closer and closer as we approach the 50 MA & 200 MA downtrending intersection.
Our members stopped out of the second half of UNG in profits
I am now hoping and waiting for a sub $2 pierce retest. we shall see if we get it.
Natural Gas Looks Poised for a 7.65% SurgeAfter a 39% decline since June, natural gas prices seem to have bottomed out on August 5th. However, after the initial bounce, the price has been consolidating over the last 9 days, forming an inverse Head & Shoulders pattern. This pattern suggests that a breach of the $2.38 level could potentially lift the price by 7.65%, targeting the $2.57 level.
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NATGAS BUY LONG👉🏻 Navigating the markets with a clear trading strategy is essential for success. 📈 The chart shows an interesting setup for a potential long trade on Natural Gas (NATGAS), in line with the market cycle theory.
📌 Pattern analysis: The price has recently broken a descending trendline, which is a potentially bullish signal. After a retracement towards the 0.618 Fibonacci level, the price has formed a solid support, highlighting a key demand area. This zone is well marked by the gray rectangle, indicating an accumulation region.
📌 Next move: With an upward breakout confirmed, we see a clear potential for growth towards the target indicated in the green area, with a target of 2.600. This move is reinforced by the recent positive reversal, suggesting a trend change is underway.
📉 Risk management: The stop-loss level is strategically placed below the recent low at 2.084, which allows minimizing losses in case of false signals. The risk/reward ratio appears favorable, making this setup interesting for long-term-oriented traders.
👉🏻 Conclusion: As always, capital protection is crucial. By following this strategy based on solid technical analysis, you can identify an entry opportunity with well-calculated risk. Patience and discipline in following the trading plan are keys to long-term success.
📩 If you have any questions or want to discuss this analysis further, leave a comment or send us a message. We’re here to help! 😃