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Natural Gas (Henry Hub)Natural Gas (Henry Hub)Natural Gas (Henry Hub)

Natural Gas (Henry Hub)

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NGAS trade ideas

Natural Gas: A Bearish Move Could Happen SoonNatural Gas: A Bearish Move Could Happen Soon Price is forming a sort of "wedge pattern" before moving lower. The pattern looks really good, but it needs to be developed more because it is not ready yet. On the other hand, OPEC is speculating a lot about the price, making everything more difficult and we must be careful. If the price reaches 2.4 again, it will increase the chances of a bigger, bearish wave. You can find more details in the chart! Thanks and good luck!
CAPITALCOM:NATURALGASShort
by KlejdiCuni
1
New Lows in NATGAS IncomingIn the past week, we introduced a long idea for NATGAS. Those who entered the position have been able to realize a gain of more than 6%. While we initially anticipated prices well above 3,000, we have since abandoned that target and are now leaning towards the short side. The rationale behind this shift lies in the inability of the price to breach bearish order blocks and establish an upward trend. On the fundamental front, the winter remains exceptionally mild, leading to a decline in NATGAS demand. Considering seasonality as well, we anticipate that the price of NATGAS will trend towards the lows observed in April 2023.
PEPPERSTONE:NATGASShort
by Ochlokrat
A wave down before the start of the climb? bull marketHello! I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market. While I would like to share my analysis with you, please note that I am not providing a buy or sell signal. My primary intention is to share my unbiased analysis so that you can utilize it as a guide to make an informed decision. To build your confidence in my analysis, I always share my previous analysis from the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand. I hope that my analysis is useful to you in your business journey, and I wish you all the best. I am looking forward to hearing from you. Lastly, I would like to mention that like-mindedness and support, comments, and likes are the most important pillars of progress, just like support points in the financial markets. They give me the energy to continue and share more ideas with you. Sincerely
FX_IDC:USDNTGLong
by mehdi47abbasi79
Natural Gas Prices Recover from 6-month LowsSince November 1, the price of natural gas has fallen by more than 30%. This was facilitated by: → relatively mild weather at the beginning of the winter period; → record volumes of liquefied gas production, as reported by Reuters. Analysts estimate there is currently about 7.8% more gas in storage than normal for this time of year. On December 13, the price of natural gas dropped below 2.20 for the first time since the beginning of June. This level may provide support given how price has interacted with it throughout 2023. At the same time, the graph shows that the price of natural gas: → is within a downward trend (shown in red); → On December 11, a surge in demand was noticed on the market (shown by the arrow) — it is possible that it was caused by a low price and the expectation that in the future the price of gas could rise until the end of winter; → the median line still offers resistance; → RSI forms divergence. Thus, there are reasons to believe that the level of 2.20 may be able to stop the downward trend. And even to provide support for a rebound if the weather becomes colder and causes an increase in gas consumption. 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