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The Price of Natural Gas Finds Support. But for How Long?The Price of Natural Gas Finds Support. But for How Long? On 21 June, we wrote that the trend in the market was weakening, noting that: → Forecasts of a hotter summer, published during April-May, led to a sustained bullish trend in the natural gas market. → According to the technical analysis of the 4-hour XNG/USD chart and the signs of weakness that have formed on it, the level of 3.160 appears to sufficiently account for the risks of an extremely hot summer. → Bears might push the price to the lower boundary of the ascending trend channel. Since then, the price of natural gas has: → tested the median of the ascending channel (shown by an arrow), which acted as resistance; → broken the lower boundary of the channel; → dropped to the level of 2.06 amid news of sufficient natural gas reserves in storage. And, as the XNG/USD chart shows today, it is this level that is now forming signs of support for the market: → the lows A-B appear to be elements of an incomplete double bottom pattern; → the level of 2.06 acted as resistance in March-April, so support here is anticipated by technical analysts. But can the bulls reverse the trend? In the near future, the price of natural gas may consolidate within a narrowing triangle, formed by the support at 2.06 and the descending trend line (shown in red). It is possible that failures in any attempts to break through the red line will lead to a resumption of the downward trend and a subsequent decline in price towards the support at 1.875. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XNGUSD
by FXOpen
2
Natural Gas...New All time lows? Natural gas has seen a failed breakout on the daily chart. After this failed breakout occured its been weeks of relentless sell side pressure. We have lost key weekly and daily supports, which doesn't help the bullish case. There is 1 small positive on the daily chart: a positive RSI bullish divergence. Understanding how this commodity works, one should be prepared for a downside case of $1.60. Its not a guarantee but a possibility. The Nat gas resource stocks are mixed and showing sings of volume accumulation. I'm watching the $1.95 Gap fill on Nat Gas very closely. If the bulls defend that area we could rally quickly. Keep your eye om the "Death Cross" signal, usually a buy signal for a short term bounce.
CAPITALCOM:NATURALGAS
by Trading-Capital
Natural Gas SurfingZones and levels or shapes for potential support/resistance forces that might influence this market in the future. Dotted path is an envisioned scenario which doesn't need to manifest necessarily but the overall picture might come in handy if the market shows signs of synchronicity with the design. Starting off with the resistance met at the cyan rectangle where I have 2 scenarios in mind: reversal, or consolidation and a break. I am more inclined to believe that bullish pressure could weaken here so I marked the spot with a down arrow. Will provide updates as we go along, looking to see 4 or 5 interesting events at the elements in the snapshot, also looking to see some interesting hits on the icons, preferably with a wave that coincides with their path.
CAPITALCOM:NATURALGAS
by nen
13
Natural Gas: Will the bulls ever come back? Another sell side day for nat gas...what else is new? back to the same technical support trend line for Nat gas. technically this is support. If this trend line holds we will see an epic bounce IMO. If we break this are we could be testing $1.90. I believe that this is still a great risk to reward to accumulate for the long term, while understanding there could still be another 20% down if we break this level...so HODL accordingly.
CAPITALCOM:NATURALGAS
by Trading-Capital
Natural Gas Swing TradeTitle: Long Natural Gas Based on Bullish Divergence and Weekly Order Block Trade Setup: - Asset: Natural Gas - Timeframes: Daily and Weekly - Entry: Buy at the close of a bullish candlestick pattern confirming divergence on the daily chart - Stop-Loss: Below the weekly order block or recent swing low - Take-Profit: Based on key resistance levels or a 1:3 risk-reward ratio Analysis: - Bullish divergence confirmed on the daily timeframe - Price in a weekly order block, indicating strong support - Volume supports potential bullish reversal Trade Plan: - Enter long position on daily bullish confirmation within the weekly order block - Set stop-loss below the weekly order block or recent swing low - Take profit at key resistance levels or using a 1:3 risk-reward ratio - Risk 1-2% of trading capital This trade plan aligns with the technical analysis and provides a structured approach to capitalizing on the potential bullish reversal in Natural Gas.
CAPITALCOM:NATURALGASLong
by MAAwan
XNGUSD / NATURAL GAS Robbery plan on Long SideMy Dear Robbers / Traders, This is our master plan to Heist Natural Gas market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Stop Loss : Recent Swing Low using 1h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
CAPITALCOM:NATURALGASLong
by Thief_Trader
Completing the eight-wave cycleGreetings, Dear friends, I hope you are well and have a week full of successful and profitable transactions. I haven't been in the service of the companions on the Trading View platform for a few weeks because I was completing an educational resource. I hope I can make up for my absence from now on, but if I see a valuable market, I will share it with you. The text of my analysis: Regarding his view of the natural gas market, he has advanced five waves upwards, which has formed an impulse pattern, followed by a simple sharp zigzag pattern consisting of three waves, and wave C has advanced more than 161.8%. However, based on my personal experience, I have come across such corrections in several markets, which correct very deeply. Anyway, I am currently waiting for the trend to exit the channel until the price of the aggressive idea passes, and definitely after the formation of each wave, a corrective pattern should be formed, and the trend should continue. Completing the eight-wave cycle. Note: I am an analyst in the world of principle wave, who has entered the fourth year of my work experience, and I am developing an analytical idea. In financial markets, there is no 100% certainty due to the complexity of different patterns that can change. However, I do my best to back up every analysis I share with you guys with everything I've learned so far. A brief explanation of the three fundamental laws of the wave principle: 1. The second wave should never go beyond the beginning of the first wave. 2. The third wave should never be the shortest wave between waves 1, 3, and 5. 3. The fourth wave must never enter the territory of the first wave. Ralph Nelson Elliott was the founder of this theory, and when asked about his view of the market, he always referred to five waves in the direction of a larger trend and three waves against the direction it was taking. After completing an eight-wave cycle, a larger cycle is formed in the future, simply. May his memory be cherished, and may his soul rest in the shelter of God Almighty and the eternal world. I am attaching the analysis of this market that I shared with you earlier to this current analysis. The last word of my analysis text is repetitive, except to explain the current analysis because I also trade in the financial markets and I am active in my social networks, and I work hard to improve my skills in analysis and trading to reach my goal. I apologize for repeating the text. I welcome suggestions and criticisms, and I will respond, but a logical reason is important to me. Thank you for taking the time to review my analysis. First of all, I wish good health and success to all my dear friends and colleagues. Mr. Nobody
FOREXCOM:NATURALGASLong
by mehdi47abbasi79
NGAS - UniverseMetta - Analysis#NGAS - UniverseMetta - Analysis Continuation of the trend - potential 5th wave, consolidation behind the trend line. The structure may continue and allow the price to continue its momentum towards the level of 4.16. In order not to increase risks, it is better to consider an exit when it consolidates or breaks through the support level of 1.98. Local goals 2.75. Next, a correction may form, since there were rebounds from these levels. Target 2.75 - 4.16
FX:NGASLong
by Trade-U-Metta
NATGAS Update: Spotting Bullish Patterns - 3 White SoldiersWhat's Happening NATGAS is currently trading around $2.137, and recent price movements indicate potential bullish momentum. We're seeing the formation of the "Three White Soldiers" pattern, highlighted by the recent candlesticks. is a strong bullish reversal pattern that has led to further bullish days. The chart shows multiple instances (circled areas) where this pattern has been followed by green days. Key Levels to Watch Support Zone: The green zone between $1.750 and $2.070. This area has been a stronghold where buyers step in since 2015. Resistance Zone: The red zone between $5.500 and $6.500. Prices have hit a wall here multiple times. Moving Averages 66-day MA is almost crossing the 200-day MA The price is hovering near these the 100 MA, and with the recent bullish pattern, there's potential for a significant move. MACD Indicator The MACD keeps losing bearish momentum and the line is approaching to crossing above the signal line, suggesting a shift towards bullish momentum. Volume There’s been an slight increase in trading volume past days, which is a positive sign that the recent uptrend might have strength. What Could Happen Next If We Go Up: Holding above the $1.750 - $2.070 support zone could lead to a move towards $3.500 and possibly $5.000. Breaking $5.000 could set up a run to the $5.500 - $6.500 resistance zone. If We Go Down: Falling below the $1.750 - $2.070 support zone might lead to a drop to recent lows around $1.500. Breaking below $1.500 could mean heading towards $1.200. The Bottom Line NATGAS is showing signs of bullish momentum with the formation of the "Three White Soldiers" pattern. This pattern can shoot price far above the 100MA, opening the way to the 66-200MA Cross at $2.35. As always, manage your risk carefully in these volatile markets. This isn’t financial advice. Do your own research and talk to a financial advisor before making any trades.
PEPPERSTONE:NATGASLong
by Diamond-hunter
NATGAS Analysis: A Quick Dive for the DegeneratesWhat's Happening Right now, NATGAS is trading around $2.067. It's been bouncing back from the lows and is getting close to some key levels we need to watch. Key Levels to Watch Support Zone: The green zone between $1.750 and $2.070. This area has been a stronghold where buyers step in since 2015. Resistance Zone: The red zone between $5.500 and $6.500. Prices have hit a wall here multiple times. Moving Averages 50-day SMA (Red): About $2.292 66-day SMA (Blue): About $2.218 (Almost crossing the 200-day SMA) 100-day SMA (Yellow): About $2.141 200-day SMA (Green): About $2.360 The price has recently moved above these moving averages, hinting at a potential trend shift. The 66-day SMA is also nearing a crossover with the 200-day SMA, which could further confirm a bullish trend if it happens. MACD Indicator The MACD is showing a bullish signal with the MACD line crossing above the signal line. This suggests that momentum might be shifting towards the bulls. Volume There’s been a noticeable spike in trading volumes as the price increased. High volume during an uptrend can confirm the strength of the movement. What Could Happen Next If We Go Up: Holding above the $1.750 - $2.070 support zone could lead to a move towards $3.500 and possibly $5.000. Breaking $5.000 could set up a run to the $5.500 - $6.500 resistance zone. If We Go Down: Falling below the $1.750 - $2.070 support zone might lead to a drop to recent lows around $1.500. Breaking below $1.500 could mean heading towards $1.200. The Bottom Line NATGAS is at a critical point. There are signs of a potential upward move, but we need to see if it can hold above the support zone. Watch the volume for clues and keep an eye on the 66-day SMA crossing the 200-day SMA. As always, be smart about your risk because the commodity markets can be wild. This isn’t financial advice. Do your own research and talk to a financial advisor before making any trades.
PEPPERSTONE:NATGASLong
by Diamond-hunter
Historically Warm Weather to Support Natural Gas PricesAfter the second quarter relief rally and the five-month peak, Natural Gas registered a four-week decline. This has shifted bias to the downside again, creating scope for further losses towards 1.940. However, a look at the daily chart shows that NGAS tries to react at the lower border of the Ichimoku Cloud. Furthermore, a Golden Cross (EMA50 crossing above the EMA200) has been formed, which is often viewed as a precursor of sustained growth. This technical formation compliments the favorable fundamentals, as demand is set to increase this year, while key drillers lower their activity. Although the world shifts to renewables, Natural Gas is seen a bridge fuel facilitating this transition. Furthermore, it is heavily used in electricity generation, being the top source in the US and No2 globally. June was the thirteenth straight month of record high temperatures according to Copernicus, which can provide another tailwind for energy demand during the summer months. This in turn can increase Natural gas consumption and support prices. As a result, NGAS can reclaim the EMA200 that would give control to the bulls and the ability to push for the June peak (3.164). The upside contains multiple technical roadblocks though and there are risks to the upbeat supply-demand dynamics. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:NGASLong
by FXCM
1