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!
NATURALGASCFD trade ideas
Natural Gas: Both Scenarios Are Possible ...but...Natural Gas: Both Scenarios Are Possible ...but...
Natural gas is creating a very complex scenario at this moment showing that
both moves can be possible at this moment.
A critical price area is located near 2.68.
If the resistance zone will hold the price should move down again.
If the price will move above the pattern then it will follow the bullish scenario.
So it is a choice where you find yourself more.
I like more the bearish scenario.
Thank you and Good Luck!
NATURAL GAS BEARISH TREND IS ABOUT TO CONTINUEMy analysis for CAPITALCOM:NATURALGAS please BOOST and FOLLOW for more analysis and trading ideas
NatGas UpdatePreviously I mentioned that I had to pause trading in Natural Gas as the price action was uncertain from the Elliott Wave perspective without clear impulse waves up. Since then, the price has been moving within the boundaries of outlined complex scenarios of either - expanding or contracting leading diagonals. The price penetrated wave [ w] territory confirming my thinking. Once wave c of (y) of [ x] completes, I might risk opening new longs.
Nat GAS Analysis with Elliot WavesGAS has made a leading diagonal after finished its long downward correction
so we have an opportunity to take it long as long as prices never breaks 1.894 (start of wave 1) since it is a basic rule of Elliot waves principle to keep upward scenario stand.
we will watch the zones mentioned on the chart and any positive price action we can go for it.
Good Luck,
XNGUSD BUY Long Trade Active, Time to Buy NAT-GASMy Trade Setup
Buy on current price (2.6000)
Take Profit Targets
Target 1: 3.5
Target 2: 5.0
Target 3: 6.0
Greetings, fellow traders!
I would like to share a long trade setup on NAT-Gas that has the potential for high profitability, an opportunity not to be overlooked. NAT-GAS prices have been steadily declining over the past nine months, indicating a strong bearish trend. However, it appears that this downward trend is coming to an end, and we can expect prices to rise in the months of July, August, and September. Both technical analysis and fundamental factors support a long buy setup for NAT-Gas.
Technical Analysis:
From a technical perspective, XNGUSD has found support in the 2.1000 area, leading to a rebound that is reinforcing the bullish momentum in prices. Indicators in the monthly timeframe have become highly oversold, further supporting a bullish price action. Additionally, NAT-Gas prices are currently trading above the 50-day Exponential Moving Average (EMA), suggesting a change in trend from downward to upward. The first major hurdle to overcome is the resistance area of 3-3.5. If the price manages to stay above 3.5 and a weekly candle closes above that level, it will indicate further upward movement, potentially driving prices towards the psychological mark of 5.00.
Fundamental Analysis:
In terms of fundamental analysis, there are several factors at play. NAT-Gas inventories are expected to decrease by 4 BCF, a figure larger than the five-year average. Moreover, maintenance activities at key LNG plants have resulted in a 10% decrease in US LNG exports for the month of June. European gas demand has also experienced a decline in the final week of June due to scheduled maintenance at plants. However, analysts anticipate an increase in LNG exports this quarter as maintenance activities conclude. The shift in gas supply from Russia to the United States in Europe is expected to stimulate prices, leading to the opening of many long trades. Additionally, the 50-day EMA indicates growing support, and traders are expected to become more active this month in order to secure substantial profits within a short period of time.
The increase in gas flow to LNG export plants, coupled with a positive demand outlook, is boosting NAT-GAS prices. In Texas, power usage has remained high and even reached record levels during the recent heatwave, consequently driving up gas consumption for electricity generation. The forecast predicts hot weather in the southern, western, and eastern parts of the US from 3-9 July. As temperatures rise, analysts anticipate an increase in US gas demand, including exports. In June, US exports to Mexico saw an average increase of 6.6 Bcf/d. All these factors combined contribute to the bullish price momentum of NAT-Gas.
Best wishes, and may you be rewarded with significant profits!
Natural gas-head and shoulders patternClear bearish head and shoulders pattern for natural gas. The head and shoulders is a reversal pattern that can indicate a potential trend reversal from bullish to bearish. The pattern consists of three peaks, with the central peak being higher than the other two, resembling the shape of a head and two shoulders.
In the context of natural gas trading, the head and shoulders pattern typically forms during a prolonged uptrend, indicating a potential exhaustion of buying pressure and a shift towards selling pressure. The first peak represents the left shoulder and is formed as the price reaches a local high. This is followed by a retracement or pullback, where the price temporarily declines.
NATURALGASNatural gas prices are expected to rise to the next levels
3,048
3,151
3,458
This is after retesting the level of 2.575
Finally, it succeeds in breaking the important resistance level 2.723
NATURAL GAS ( XNGUSD ) Long Term Trading IdeaHello Traders
In This Chart XNGUSD HOURLY Forex Forecast By Forex Planet
today XNGUSD analysis 👆
🟢This Chart includes_ (XNGUSD market update)
🟢What is The Next Opportunity on NZDCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This Chart is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
Natural Gas - KeyLevels for next WeekIf you wanna take a trade on NATURAL GAS, maybe before that, you need to conisder this KeyLevels of support and resistance areas.
Careful with shorts until on daily is bullish / upptrend + August and september is coming , when de big companies refreshes their stocks for the winter
Natural Gas Due for a move to upsideI believe natural gas is respecting the support trendline quite strongly and as long as this trendline is held I am long on gas.
One thing is for sue, we are much closer to the bottom than ever before... it is amazing that NATGAS is now worthless! too much production and storage has contributed to this freefall (not to mention that I believe it is highly manipulated).
At some point the producers will cut production to balance their costs...
Natural Gas - Very Stron Buy Signal Confirmed - Cycle Analysis Dear Trader
As my last NG ideas multiple factors on long terms are pointing higher high, today injection was +76 on forecasted +83, it is very bullish, especially knowing how it was still cooler temperature than actually
We expect storage injection keep getting bullish as we will soon enter july and august depleting storage for winter, any more catalyst like El Nino, Maintenance, or anything disrupting Supply, it will get higher than my analysis
But for now, IMO, 4.5 end of October is due, on the near term we can aim 3.5 we a scalp to 3
Enjoy the free ride to the top
But never forget to invest on your own risk as I am not a professional financial advisor.
#Like and comment my ideas will help me enjoy keep sharing ideas.
Cheers