NATURALGASCFD trade ideas
That way.....Natural gas is mostly methane, but also contains other compounds such as ethane, propane, butane and pentanes – these are called natural gas liquids (NGLs). Natural gas may also contain sulphur compounds, nitrogen, carbon dioxide, water and other substances. International Energy Agency.
Accumulation PhaseWe all know that the price move through phases or cycles. We might see an accumulation phase here before the bulls start getting in and create an increase in demand luring in more buyers. Will keep this on our watchlist. A massive rise in the price of Natgas might be disastrous for Europe when the winter season kicks in.
#NatGas UpdateIf I elaborate on my earlier scenario with unfinished correction, Natgas might perform a spectacular drop over the next few days before resuming the uptrend.
Before this, I expected a triangle, then a flat with an ending diagonal and now a classic expanded flat in wave b. Since wave a was a contracting diagonal, there is an 80% chance that wave c is a quick impulse down and a 20% chance of expanding diagonal.
Nat gas = electricityJust a thought, could be completely wrong of course... Nobody has a crystal ball. BUT.
I think about now is the time the tech rally AI Fomo does a U-turn and everyone realises that you need shit tons of electricity to power super intelligent AI.
Nat gas chart is a swing traders wet dream.
NATGAS in an accumulation zoneNATGAS looks more and more interesting.
It has been in an accumulation zone for a long time and with the current market conditions we are expecting it to start an impulsive phase of the market cycle soon.
It's time to buy NATGAS when it's low and sell when it's high.
3 targets are shown on the chart.
If it goes lower, we will buy buying more. What about you? Are you buying now or waiting for lower prices?
NatGas Update Natural gas appears to be nearing the end of its correction before continuing its ascent into the end of the summer/earluy autumn.
Since wave 3 is shorter than wave 1, wave 5 must be shorter than wave 3 because the third wave cannot be the shortest.
Wave 4 can be done as an expanded flat (notice the rule with variation with wave 2). Also, we can expect a running triangle.
The bigger picture remains unchanged from the prior update.
Natural Gas - BullishWith the current clima, demand for natural gas for AC-cooling, there is a good foundation for a bullish move in Natural Gas.
1. Lets see a move upwards to the 2.8
2. Maybe a slight pullback
3. And then the big move towards the 3-3.05 level
Also bakced by the fact that Buffet have bought into LNG so lets see if the trend can hold.
Good lucK!