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Natural Gas (Henry Hub)

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NGAS trade ideas

Weaker Dollar and Ai energy demand to Benefit Natural GasDespite potential weakening demand as seen in crude oil complex, nat gas seems to be getting uptick in demand at these low prices. Falling rates weakening the dollar may benefit the international appeal of Liquid Natural Gas exports. Rising AI infrastructure demand may provide steady and increasing demand for the cheapest source of energy, which is likely nat gas powered electricity. Be aware of tricky futures products that increase cost to trade. UNG and BOIL have inefficiencies in them due to compounding and future rollover costs. Selling puts and put spreads might be a relatively conservative way to benefit from upside in nat gas.
PEPPERSTONE:NATGASLong
by optionfarmers
Natural Gas Likely Reached the Peak at 2631Natural Gas Likely Reached the Peak at 2631 Natural Gas is about to form a Head and Shoulders pattern. The price is approaching the neckline zone, and a small correction for the right shoulder of the pattern is expected. If this occurs, the odds are higher that Natural Gas will move down. If Natural Gas moves below the neckline of the anticipated pattern, it may develop into another bearish pattern. You can find more details on the chart. Thank you :)
CAPITALCOM:NATURALGASShort
by KlejdiCuni
5
AUD/JPY Short, AUD/NZD Short and NATGAS/USD ShortAUD/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. AUD/NZD Short Minimum entry requirements: • Break above area of value. • 1H impulse down below area of interest. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. NATGAS/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
OANDA:NATGASUSDShort
by StewySongs
Natural Gas down to 2.3200 before up to 3.1350 IDEASo this is how is see Natural Gas price to react in the upcoming days and weeks. The price is moving according to 12345 Elliott Impulse Wave, so it will now go down to touch the 4th impulse at around 2.3200 support area. It will then move rapidly up to complete the impulse wave 5 and reach support area at around 3.1350. It had a strong upside movement last week, now it would be a time for a correction. Plus this arc shape fits well here. What do you think?
CAPITALCOM:NATURALGAS
by magstrades
2
NATGAS - Perfect double bottom - Price in Rising Channel.On the daily chart, NATGAS has formed a perfect double bottom, it's above the Daily 20, 50 and 100 EMAs. We are now contending with the 200ema. Price on the 1 hour is in a rising channel. Daily RSI and 1 Hour RSI above the 50 line, which is a bullish turning signal. Seasonality and reduce production is on the bulls side. Production hovering at 99.8bcf per day. October contract rolls over to November soon. La Nina is 80% chance for 2024/ 2025 winter, which should bring a stronger winter compared to the last 4 years.
PEPPERSTONE:NATGASLong
by Robpoll
Natural Gas: Weak Day / Strong WeekNatural gas had a bit of profit taking today and you can't blame the bulls for trimming especially since we did the same. The Daily chart now needs a couple days of consolidation before another sustainable push. The weekly chart recaptured the 50 Weekly MA...very good near term sign. This can now be used as a support level to trade against for very tight stoploss swing traders. As long as we remain above the breakout neckline we should be likely heading to retest 2.75 & $2.90 Levels below can cause nat gas to fail and fall substantially. Alway remembers the Weekly trend still has Lower highs in place.
CAPITALCOM:NATURALGAS
by Trading-Capital
Natural Gas (XNG/USD)Overall Bias: Bearish with potential for a short-term bounce Key Observations: 1. 1-Month Chart: • Price Action: The long-term bearish trend is still intact. The price peaked at $9.177 and has since declined to the current level near $2.066. • Support Levels: Major support is around $1.59. A break below could lead to a further drop. • Resistance Levels: The resistance at $4.641 is a significant level that will likely cap any upside in the medium term. • ATR (Volatility): With an ATR of 2.000, we can expect sharp price movements. 2. 1-Week Chart: • Price Action: Natural Gas has broken below key support levels. The most recent candle shows price stabilizing near $2.066 after a significant drop. • Support Levels: $1.60 is key weekly support. • Resistance Levels: Significant resistance is around $4.641 (Fibonacci 0.236 level). The next resistance lies at $3.722 (Fibonacci 0.382). • RSI: At 30.93, the RSI indicates that the market is near oversold territory, hinting at a potential bounce. • MACD: Weekly MACD remains bearish, indicating downside momentum. 3. 1-Day Chart: • Price Action: The price has tested a low of $1.591 and bounced back to $2.066. The price is currently trading below significant moving averages, showing weakness. • Support Levels: Immediate support is $1.55. Below this level, there is not much support until $1.460. • Resistance Levels: $2.639 (0.236 Fibonacci) is key resistance on the daily chart. Above this, $3.00 would be a psychological level. • RSI: RSI at 39.41 is nearing oversold territory, indicating the possibility of a bounce. • MACD: The daily MACD is bearish, though the histogram suggests the selling pressure might be easing. 4. 4-Hour Chart: • Price Action: The 4-hour chart shows Natural Gas has formed a bottom near $1.55 and is now attempting to bounce. However, the price is still in a lower high/lower low structure. • Support Levels: Immediate support is $1.555, which aligns with previous lows. • Resistance Levels: The short-term target is $2.639, a key Fibonacci retracement level. • RSI: At 48.60, the RSI is neutral, showing that Natural Gas has some room for upside before becoming overbought. • MACD: The MACD has slightly turned bullish on the 4-hour chart, suggesting that there could be some short-term upward momentum. 5. 1-Hour Chart: • Price Action: The price is currently consolidating between $2.066 and $1.555. The 1-hour chart is showing early signs of a potential bullish reversal. • Support Levels: Strong support is at $1.555. If the price breaks below this, it could test the lows near $1.460. • Resistance Levels: Immediate resistance is $2.27. A break above this level could lead to a retest of the $3.00 psychological level. • RSI: The RSI at 57.09 is approaching neutral-to-overbought levels. • MACD: The MACD is neutral but shows slight bullish divergence, supporting the case for a short-term bounce. 6. 30-Minute Chart: • Price Action: The price is showing signs of bottoming in the short term and could head towards $2.27 (recent high) before retesting support. • Support Levels: Immediate support is $1.555, while $1.863 could act as a mid-term support level. • Resistance Levels: If the price can break above $2.27, a retest of $2.66 is likely. • RSI: At 62.96, the RSI is nearing overbought conditions, which could suggest a minor pullback or consolidation before a further upward move. • MACD: The MACD on the 30-minute chart has turned bullish, supporting short-term upward movement. Trading Strategy: Primary Bias: Bearish • Short Position: • Entry: Consider shorting near $2.27 (Fibonacci 0.764 level) if price shows resistance. • Stop-Loss: Place a stop-loss above $2.66 (key resistance). • Take-Profit Levels: • First target: $1.863 (recent low support). • Second target: $1.555 (strong support level). Alternative Scenario: Short-term bounce • Long Position (Speculative): • Entry: If the price bounces from $2.066, consider a long position targeting the next resistance levels. • Stop-Loss: Below $1.555 to limit downside risk. • Take-Profit Levels: • First target: $2.639 (0.236 Fibonacci). • Second target: $3.00. Risk Management: • Position Sizing: Due to high volatility (ATR of 2.00), keep position sizes smaller than normal to manage risk. • Stop-Loss: Ensure stop-losses are placed carefully, especially near support/resistance levels to avoid being stopped out by volatility. Conclusion: Natural Gas is currently trading near significant support levels, but the overall trend remains bearish. A short-term bounce could occur, especially if the price holds above $2.066, but the bearish momentum suggests the longer-term outlook remains to the downside. Any upside is likely to face resistance at $2.66 and $3.00. For now, shorting near resistance zones around $2.27 could be the favorable trade, while taking advantage of a potential bounce for short-term gains is also viable for more aggressive traders.
ICMARKETS:XNGUSDShort
by stonaola1
Natural Gas: Bearish OutlookNatural Gas: Bearish Outlook Technical Analysis: The price of natural gas recently completed a “Rising Wedge Pattern” near the 2.2960 level, increasing the likelihood of a bearish wave. The geopolitical situation remains highly unstable, causing frequent price fluctuations. In the past few hours, the price has dropped by approximately 3.35%, and it is expected to decline further to the 2.1760 and 2.100 levels. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
CAPITALCOM:NATURALGASShort
by KlejdiCuni
7
Natural Gas waking up? Nat gas showed some poise today. Holding green in a red market where most commodities saw negative price action. This is impressive to see because Nat gas has a long historical trend of diverging from many commodities. The price action today also saw a red to green reversal further emphasizing the positive potential trend shift. Nat gas stocks were discounted today despite the stronger price action in the commodity. We remain bullish and long UNG, our call positions in the money.
CAPITALCOM:NATURALGAS
by Trading-Capital