NGAS trade ideas
Natgas - Head and shoulder. In bound Aug 8th 2024 playing out nGot 180k on boil calls @ $12 for sept 13
Will it make a widow of me?
We will see
NATGAS - NEW BREAKOUT !Hello Traders !
On Friday 2 August, The NATGAS reached the support level (1.893 - 1.854).
At the moment, The price broke the resistance level (2.110 - 2.059).
The resistance line was also broken!
So, I predict a bullish move🚀
___________
TARGET: 2.213🎯
NaturalGAS | GAS | NATGAS Weekly wave 5 initiated NaturalGAS | GAS | NATGAS Weekly wave 5 initiated
This is first of wave five
retesting and latest top breakout will initiate implusive wave 3rd of 5th
Weekend Russia-Ukraine Update for Natural Gas Traders in FX MarkHey everyone,
I wanted to share some important updates with you regarding recent developments that could significantly impact our natural gas trades. In the past few days, Ukraine's attack on the Sudzha gas transfer station in Russia's Kursk region has raised some serious concerns. As you know, the Sudzha station is a critical point for gas flow from Russia to Europe, and any disruption here could directly affect our natural gas trading. It's something we all need to keep a close eye on.
To give you some context, Gazprom supplied approximately 14.9 billion cubic meters (bcm) of gas through Sudzha in 2023. This volume accounts for about 4.5% of the EU's annual consumption and nearly half of all Russian gas exports to Europe. Since the beginning of the year, the daily gas flow through this station has remained above 40 million cubic meters. These numbers highlight just how vital Sudzha is for European gas supply.
The main function of the Sudzha gas metering station is to record gas consumption and measure the quality indicators of the gas. The gas flow is measured using two primary methods: variable pressure drop and the more precise ultrasonic method, which measures the propagation speed of ultrasonic waves in the gas flow. The station is equipped with converters, pressure and temperature sensors, shut-off valves, and other equipment essential for accurate gas flow measurement.
In addition, the station features an automated control system that collects, processes, and transmits data on gas parameters. This system is responsible for overseeing the operation process and maintaining accurate records. If there’s an issue at the station, not only would the gas flow be disrupted, but tracking the quality and quantity of the gas would also become much more difficult.
Given these details, it’s crucial for us to closely monitor what's happening in the gas markets and adjust our strategies accordingly. As uncertainty increases, so do the potential risks and opportunities, so I strongly advise you to carefully set your stops in your trades.
Wishing you all a profitable week ahead!
CAPITALCOM:NATURALGAS FOREXCOM:NATURALGAS
EWTSU NATURAL GAS H1 MINUETTE W(ii) unfolding
EWTSU NATURAL GAS H1 MINUETTE W(ii) unfolding
FLAT correction - wave ((c)) in 5 waves
Natural Gas...bullish turnaround!Nat gas has carved out a nice potential base to move higher.
We have seen a failed breakdown whcih usualkly indicates a bullish reversal.
They say the biggest moves come from failed patterns an it certainly looks like a failed bearish trendline break.
If this is the case, Nat gas has a nice 15-20% upside before things get really interesting.
We may be witnessing a weekly inverse head & shouldrs pattern developing.
Time will tell but we are long.
Natural Gas: Very Risky Long TradeNatural Gas: Very Risky Long Trade
Technical Analysis:
Price broke out from a 60-minute bullish wedge pattern.
The bullish volume looks good so far and may push NG up to 2.065 as a minimum.
A normal target should be near 2.140 and if the price resumes the bullish trend it should test 2.2500 easily this time despite the speculations.
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❤️
Possible scenario to NATGASNatgas has been in a downward trend for more than a month.
I expect it to reach the support level shown in the picture for a third time.
If this happens, the exchange rate will rise significantly again.
Swinging NatGas aiming at 2.9Found buyers sub 2.2. Swinging to 2.9.
Trapped shorts sub 2.2 may fuel this push
NATGAS - NAUGHTY FALL AHEAD ?Cup pattern is complete with double top resistance. Looking for a handle now.
Probable retracement area would be $2.5
Once pattern is complete Natty might fly high to $4.5 again?
Disclaimer: Do not consider this as a buy or sell recommendation. This is purely for educational purposes
NGAS ShortNGAS has been in a long term downtrend. With this bias to the short side, considering a
price reversal to test the nearest Supply Zone , confluent to the 200hr MAV and
Fibonacci 618 retracement.
Recently we have seen a Rally ( setting up a Fresh Demand Zone) , Base ( Bearish Flag) ,
Drop , and now we have a Base ( Bearish Flag).
The trade considers a short to target the Prior Swing Low , and break the Demand Zone.
Enter - 2.094 - 2.104
Stop - Above Swing High 2.15
Target - Prior Swing Low 1.9865
RR = 2.7
Short Nat Gasbased on my Fib extension analysis, the breakout from Natgas from a key level will lead to futher extend the leg down, potentially towards 1.73 level. As I am playing this as part of the August Leap competition I will play conservatively my TP just as I usually do and place on the next support level at 1.82.
Just wonder if I can add to my position in the competition if the price restests 1.980 to 2.0, that would be excellent.
$NATGAS possibly in consolidation PEPPERSTONE:NATGAS price after a 2 month period of gains followed by 2 months of losses appears to have found support near the 2.0$ area.
It appears the uptrend in April-May is captured by the 3rd Elliott wave which indicates the highest possible advancement upwards while the loses during June-July can be captured by the retracement wave following Elliott's theory. This is in confluence with price crossing upwards the 50-200 EMA during April-May, while in June-July price dropped bellow the 50 EMA and has been in retracement since without clear signs of uptrend continuation in higher timeframes (i.e. 4h, 1d etc).
Furthermore, from Elliot and Weis wave oscillators it appears that the biggest waves upwards and downwards for the above period have occurred, therefore the subsequent period will probably be followed by a series of consolidation price action until we have a new breakout.
PS: The sellers orderblock was twice as large compared to the buyers orderblock at the 1d chart, indicating strong bearish potential should price reach near the 3.0$ again.
PPS: I'm not a financial advisor, these are just my thoughts (open to criticism) as I am trying to understand and prepare as best I can for future events regarding the stock.
Natural Gas can complete long term down trend nowNatural Gas can complete long term down trend now as its reached an price area where all mathematics and technical are indicating a reversal.
NATURAL GASCAPITALCOM:NATURALGAS , we are forming a wolfie wave, i will wait the price in the box, or if it can give me any reversal.
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.
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Natgas Chopping within a down trending channel.50 ema defining the chop down. Down trending channel. Bearish until otherwise above the 50ema or break of the channel.
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.
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.
Natgas down channel.Natgas stuck in a downwards channel for now. 50ema often respected as serious support / resistance.
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.
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.
