NatGas SELL?Natural gas rose briefly above the $3.76 interim trend high on Thursday to reach $3.79 before sellers took back control. Subsequently, the price of natural gas fell to a three-day low of $3.62, pointing to a potential bearish reversal. Natural gas is set to end down for the day and below near-term s
Natural gas poised for breakoutNatural gas prices are compressing inside a small ascending triangle, but this is only part of a larger pattern pointing to even greater upside. This video explains why natural gas could be the market to watch in the coming weeks.
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Do You Smell That...Natural Gas Burning!Recent Trends: The Energy Information Administration (EIA) reported the seventh consecutive weekly gain in inventories since late April, indicating a steady buildup ahead of summer demand.
Regional Highlights:
East: 340 Bcf
Midwest: 396 Bcf
Mountain: 166 Bcf
Pacific: 199 Bcf
South Central: 65
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NGASFundamental rationale:
Stocks: +117 Bcf above average, bearish pressure.
LNG exports: Decline by 1.1 Bcf/d, reinforces the bearish sentiment.
Weather: Warm weather, weak demand (-0.2 Bcf/d).
COT: Net positions of Managed Money -113.9K (May 27), short positions dominate, supporting the bearish scenar
Natural Gas: Supported by Geopolitical Tensions and Trade WarNatural Gas: Bullish Momentum Fueled by Geopolitical Tensions and The Trade War
Natural gas has completed a bullish harmonic pattern, finding strong support near 3.45 before rebounding aggressively.
This upward movement suggests the potential for further expansion into a larger pattern.
The bul
Natural Gas (NG1!) – Bearish Triangle Breakdown SetupNatural Gas (NG1!) – Bearish Triangle Breakdown Setup
Chart Overview:
The chart clearly forms a Symmetrical Triangle, typically a continuation pattern.
The structure is labeled with classic Elliott Wave counts (1 to 5), suggesting the end of a contracting triangle phase.
A sharp, impulsive red arro
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Displays a symbol's price movements over previous years to identify recurring trends.