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Natural Gas (Henry Hub)

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NGAS trade ideas

An Important Bullish Breakout in the Natural Gas MarketThe price of natural gas in USD rose sharply on Thursday after the US Energy Information Administration (EIA) reported a slightly smaller-than-expected weekly increase in domestic natural gas inventories. At the same time, an important breakdown of the contracting triangle pattern formed by 2 lines (shown in blue) has formed on the XNG/USD natural gas chart. Presumably, this triangle delineates a market stage in which large players could accumulate long positions at low prices after the downtrend that has been in place in the natural gas market since the beginning of 2023. On Friday morning, the bulls are able to keep the progress made, keeping the price of XNG above the former resistance at 2.575, which can now serve as support. This breakdown may become a stage in the development of an important bullish trend. We previously reported that according to EIA forecasts, the average price of natural gas in 2023 could exceed USD 4. Start trading commodities with tight spreads. Open your trading account now or learn more about making your money go further with FXOpen. 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
NATURAL GAS POSSIBLE RALLYNatural gas is increasing in value due to several factors: the unprecedented wildfires in Canada that are ravaging the country and are disrupting the production throughout the province of Alberta; Reuters also reports that Russian pipeline exports had declined 11.4% this month compared to April’s average, putting an additional hold to the fuel supply. The RSI is above 50. The MACD had broken above its zero level and had triggered signal for further potential gains. If the current trend continues, the price might test resistance levels of 2.764, and if it gets broken, further target might be 2.931. In the opposite scenario, the price might test its previous resistance at 2.025. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
CAPITALCOM:NATURALGASLong
by legacyFXofficial
NATGAS The Target Is DOWN! SELL! My dear friends , NATGAS looks like it will make a good move, and here are the details: The price is coiling around a solid key level - 2.372 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2.251 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
SKILLING:NATGASShort
by AnabelSignals
15
#NaturalGas Can Rise Up Very Quickly #NATGASTraders, Natural gas has created several bullish breakouts over the past weeks but failed to push higher. Now as we are reaching the end of the wedge pattern, a breakout is imminent. This can create a W pattern which in turn can push the prices higher. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
NLong
by vikinsa
6
NATGAS Trading Opportunity! SELL! My dear subscribers , This is my opinion on the NATGAS next move: The instrument tests an important psychological level 2.348 Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Goal - 2.202 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
SKILLING:NATGASShort
by AnabelSignals
12
Picking NatGas BottomWhile I speculate that the bottom has been reached, the media speculates about another potential decline in NatGas prices. Some expect a price crash to as low as €10: MET Group - www.bloomberg.com Socionomics is a somewhat obscure idea, and those who have heard of it tend to dismiss it as pseudoscience (which, at this point, may be analogous to how the true science was perceived during the Inquisition era). Additionally, socionomics teaches us that the general public rarely notices market peaks and troughs. Rare occasions of excellent possibilities are governed by uncertainty and dread. Of course, there is no assurance that such a moment is coming up now. I just so happen to note that while headlines perfectly echo what I read in books about social behavior when market waves break, my analysis signals to a probable reversal. You can find the longer term chart on my website.
OANDA:NATGASUSD
by Fomenka
NATGAS The Target Is UP! BUY! My dear subscribers , This is my opinion on the NATGAS next move: The asset is approaching an important pivot point 2.162 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 2.268 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
SKILLING:NATGASLong
by AnabelSignals
18