Natural Gas CFDNN

Natural Gas CFD

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NATGAS this is dying right now LOL

NATGASUSD almost gap fill, watch for bull moves back up after, but don’t get greedy as the market wants to trap you, probably won’t be making a new high soon

NATURALGAS Robpoll input needed :D, man I am watching the weather forecast maps for the US from ventusky.com the upcoming week has the states deep into -15 and -20 celsius for 10 am across central, north and north/west states. Is this aligned with your data? Based on these predictions, I expect demand rampant the upcoming week.

NATURALGAS Too damn fast to enter a quick long

NATURALGAS a bit of a zombie market today, I didn't see a strong reaction from the previous swing high for today (3.55-3.60) so far to enter short, so I'm sitting this one out for now and waiting either for NY pm session or most likely for tomorrow.

Today, price moved inside a range 3.43-3.59 without much volume on either direction. So far price has been caped by the 50 ema at 1h (white curve, which is parallel, indicating ranging market), price is currently circle jerking around the VWAP (orange curve) and 50 ema at 15m (green curve). Without a clear sign from some hidden divergence for downtrend continuation or regular divergence for reversal into the uptrend and overall below average volatility.

Some key levels which I'm expecting price to react form most likely tomorrow are 3.40-3.45 (recent swing low) and 3.25-3.30 here there's a lot of sellside liquidity but also it was a previous support level which was tested and held multiple times. Depending also on the report tomorrow (if it's bullish), we might be in a scenario to buy the dip from either of these two levels.

Good luck everyone!
Snapshot

NATURALGAS it appears like mostly algos are trading so far and buying 50 ema at each timeframe... let's see if we get a clear rejection from 3.60-3.65, from 1h/4h there's still some room for another dip before we see bulls trying to take over.

NATURALGAS NG is going up...no short if you want to save money...

NATGASUSD continue short until gap fill, then likely some bull trap moves up, and sell from 3.9-4 area

NATGAS Tomorrow is the EIA report, not today
Expected is -136bcf
5 year average is -104bcf
This time last year was -35bcf

So roughly a 30bcf difference.
Compared to 2023, a 101bcf difference.

I suspect we'd need a decent miss either bearish or bullish to give us a substantial move.

It's looking more and more like the storage surplus will be complete gone wiped out.

We're looking at roughly 1700bcf left in storage by the end of winter. It's the most bullish since the 2022 bull market.

Robpoll You there, buddy? What’s the vibe on today’s inventory data—boom or bust?
NATURALGAS