NatGas UpdateThough my base case scenario is a contracting diagonal, I am also considering more extreme options to stay open-minded. Technically it would be the same.
NGAS trade ideas
Natgas UpdateWorking our way through the leading diagonal formation. If everything goes as planned, this will create a fantastic opportunity in early 2024.
Natural Gas slowly climbing! Natural Gas saw a larger drawdown from inventories this week.
Nat Gas had a higher weekly close!
Stage 2 basing formation is still in play!
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
Natural GasNatural gas forming a butterfly pattrn and is heading towards its monthly lows. keep an eye
Important levels for the week with live chart linkCAPITALCOM:NATURALGAS
Hey Folks !
I have shared all the expected important levels for the week .
Club these levels with your existing trading strategy and experience.
Hope You have profitable week.
NATURAL GAS - NEW LOWS?NATURAL GAS - NEW LOWS?
Nat Gas, rejected 2x the resistance line and printed in top a falling star candle , next candle printetd a new low and for now im not looking to buy it , just wait to enter on a better price
NATGASNATGAS was trading in descending parallel channel. The price was reacting well the support and resistance of descending channel.
Currently the price has given the breakout of channel and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 2.8.
What you guys think of this idea?
Natural Gas in a Free Fall Natural Gas in a Free Fall
Natura Gas is moving in a well defined bearish trend.
During the previous week the price found the strength to breakout from a strong
daily/Weekly support zone located near $2.5
The support area now turned into resistance stopped the price rising more during yesterday afternoon.
Today the price is moving down again and probably it can test $2.1 price zone during the coming days or weeks.
Thank you and Good Luck!
Natgas UpdateOk. I am speculating that we are in the upward trend already. But early developments can be fuzzy.
NATURAL GAS Breakdown OpportunityHi!
NATGAS is pretty bearish, reading about a warm December, at least in the US, and overproduction. (reading headlines at naturalgasintel.com).
So, I'm expecting price to break down at the test of this trendline, which could be a good opportunity to SHORT on this one.
Have a great week ahead, and please comment if you have something good to add.
Best Regards,
ThomChris
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.
Natural Gas short viewThe price of natural gas could drop to the $2.30 level this week and form the next lower low there. The November bearish trend line represents strong resistance at the beginning of December.
Winter Cash-Cow@NaturalGas is a sure bet as we come to the end of each year. Winter is coming and households need to be warmed up. With the escalating tension in oil-producing countries, and temperatures dropping, Natural Gas has the best opportunity to close this quarter strong as demand increases and supply is under threat.
Despite being down about 40% YTD, there is still a lot of upside left. However, there is some historic price resistance and the 50EMA is backing this up. With fundamentals aligning up for further upside, we might see resistance turning support in the course of this quarter.
NATURAL GAS BEARISH OUTLOOKThe recent surge of warm fronds impacting the United States, the largest consumer of natural gas, shows no signs of dissipating soon, exerting significant pressure on its market. This has led to a substantial decline in the price of the gas, plummeting for eight consecutive days from 2.841 to 2.375, marking a staggering drop of over 16%.
Technical indicators are not signaling an imminent reversal of this trend in the short term, as both the MACD and RSI exhibit robust Sell signals. Should the current trajectory persist, there's a possibility that the price could dip to support levels around 2.124.
A potential pivot point at 2.405 might be considered, potentially leading to a price rebound to 2.712.
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Long Natgas and Short USDJPY - Financial Disaster SpeedrunWeather looking warmer than it seems? Gas inventories high as shit? IT DOES NOT MATTER. KANDA OUT OF HIS JOB?? WHO CARES!
TL;DR: Long NatGas Calls 2.950 USD DEC Expiry and Short USD/JPY spot at 149.6 SL 150.10.
In the grand tradition of financial kamikaze dives, Redridge Capital has just executed a trade that makes even seasoned market veterans cringe. We've simultaneously longed natural gas through December expiry options and shorted USDJPY through a highly leveraged spot position.
Yes, you read that right. We've essentially bet that natural gas prices will skyrocket while the Japanese yen will plummet. It's like betting on both red and black at the roulette table – a strategy that's sure to leave you with an empty bank account and a newfound appreciation for financial stability.
We're not here to play it safe. Of course we are not, what do you think this is? S&P ETF?
We're here to make wild bets, break all the rules, and generally shake up the financial world. And if we happen to lose all your money in the process, well, at least we'll have a few good stories to tell at the bar.
So, let's break down this idiotic trade, shall we?
Betting on Natural Gas: A Recipe for Disaster
We've longed natural gas through December expiry options, meaning we've bet that natural gas prices will be higher in December than they are today. This is a risky proposition, considering the mild winter we just had and the massive glut of natural gas sitting in storage.
But we're not just betting on a mild winter; we're betting on a full-blown apocalypse. We're talking polar vortexes, snowmaggedons, and a nationwide shortage of flannel shirts. If our bet pays off, we'll be heroes. But if we're wrong, we'll be the financial equivalent of the Hindenburg airship.
Overall, we think the sentiment here has gone too far and we could see a 10-15 % rally in the gas market based on the inventories surprise.
LONG DEC Expiry @ 2.950 USD
Shorting USDJPY: A Dance With the Devil
On the other side of the equation, we've shorted USDJPY through a highly leveraged spot position. This means we've borrowed a bunch of money to bet that the Japanese yen will weaken against the US dollar.
Now, we're not exactly experts on Japanese monetary policy, but we do know that the yen has been on a strengthening streak lately. So, why are we betting against it? Because we're Redridge Capital, and we like to make life difficult for ourselves. We are expecting an unwinding of long dollar positions based on an acceleration in Japanese CPI and weakening of the USD.
If our yen bet pays off, we'll be hailed as financial geniuses. But if we're wrong, we'll be forced to sell our kidneys to cover our losses.
The Road to Financial Ruin
So, there you have it. Our latest trade is a recipe for financial disaster. And we're not going to sugarcoat it: we expect this thing to go tits up in no time.
But that's the beauty of Redridge Capital. We're not afraid to make bold moves, even if they're incredibly stupid. So, sit back, relax, and enjoy the ride as we barrel towards financial oblivion.
NATGAS Q4 23 - Q1 24 FORECAST : MAY YOUR GOALS BE ACHIEVED 2024 Im expecting price to break $2.7 and drop to $2.5-$2.41
REJECTION from there and will drive prices higher past the high at $3.326
might not break highs and stop midway retracement thats what the yellow line is there for
Natural gas to plunge to $2.18Weekly POC is $2.18. Another 12-13% downside is coming. Don't get liquidated!
Natgas Accumulation phaseWe might have an accumulation phase here. Euro zone is heading into winter and we might see more bulls joining Natgas.
Analyzing Natural Gas Stocks: Navigating Trends !Description:
In a comprehensive analysis of natural gas stocks, a discernible bearish trend emerges, signaling a potential downtrend in the market. Investors may anticipate a decline in prices, with the next support level acting as a crucial point of interest. As the stock approaches this support zone, careful observation becomes imperative, as it represents a pivotal juncture that could either solidify the bearish sentiment or serve as a launchpad for a bullish reversal. Should the support hold firm, there is a prospect for a rebound, with the stock potentially entering a bullish phase, marked by increased demand and positive market sentiment. However, prudence is essential, as even in the face of a bullish resurgence, the stock may encounter resistance at the supply zone, leading to another potential downturn. Investors navigating the natural gas market must remain vigilant, leveraging technical analysis and market indicators to make informed decisions amidst the dynamic shifts in this ever-evolving sector.
Readers are urged to conduct their own research and seek the guidance of financial professionals before making any investment decisions in the volatile natural gas market.
thank you.
Leading Diagonal?? Or One Leg Downside!!Hello there!
I am a big fan of the Elliott Wave Principle, which is very interesting and useful for analyzing the market. I have developed my analytical approach by combining the principle with my personal experience and considering various scenarios that may occur in the market.
Although I want to share my analysis with you, I want to emphasize that I do not provide buy or sell signals. My main intention is to share my unbiased analysis so that you can use it as a guide to make informed decisions.
To build your confidence in my analysis, I always share my previous analysis of 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 will be helpful in your trading journey and wish you all the best.
Sincerely,
Natural Gas Support and Fib level- LONG
Hello fellow traders
Why do I think there is time for Natural Gas to rise? Few reasons
1. Fib levels at 0.618 of a drop
2. Support level right now!
3. RSI at a very low levels- exhausted sales
This is just an idea not a tradfing advise, I am keeping this position opened with s/l and t/p as shown 3.04 t/p is for the remaining half of the position as I plan to close half when it's at the marked resistance level, always trade with s/l avoid tears..
NATURAL GAS DIRECTION Embarking on a strategic investment journey, I've decided to open a long position in natural gas within the range of 1.5000 to 2.5000.
This thoughtful move is part of a broader strategy, intended to be held for several months. Importantly, I'm incorporating robust risk management practices to navigate the inherent uncertainties of the market. With a keen eye on global economic activities impacting the energy sector, this personalized approach reflects my commitment to a patient and informed investment strategy. By monitoring economic dynamics, I aim to make the most of potential shifts in natural gas prices over the coming months, seeking sustainable returns in this dynamic market.
This is a long term position I am holding ,same principle applies to all my analysis
