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Natural Gas (Henry Hub) Last-day Financial FuturesNatural Gas (Henry Hub) Last-day Financial FuturesNatural Gas (Henry Hub) Last-day Financial Futures

Natural Gas (Henry Hub) Last-day Financial Futures

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HH1! trade ideas

Natural gas is stuck, but nearing a move Natural gas has been oscillating in a wide range between $2.34 and $2.60, give or take a few cents. $2.50 support/resistance has been the decision level for a sharp move in either direction. At this point, both extremities have been tested multiple times , weakening both support and resistance. I believe that if natural gas bounces here and tests the higher extremity, it will be broken with ease. However , the longer it stays near the bottom of the range, a break of $2.34 becomes likely and a fall to the $2.20 level materializes. $2.20 is roughly the top of the resistance channel that natural gas has been stuck in since December of last year (highlighted by the green box). That flush might wipe out the remaining stops and a big portion of the bulls that are remaining in natural gas, which could yield a nice bounce and trigger a short squeeze.
NYMEX:NG1!
by Fida4u
1
Feb 15,22-NG-serious sideways actionI can't say when NG will rise again with any significance, but it looks like NG has a floor around 2.350. This is about the low that NG has hit the last 3 weeks. I'm putting in a standing Buy Order at 2.350 I expect price action to hit this level at some point over the next week or 2. I'm hoping not to miss the next rise up, maybe to 3? Even if it does, I'd say price will come right back down to the 2.5 area and hang out. Whatever you trade, if you trade NG, keep a close eye on your trade. Lord knows the Big Boys can step in anytime and ruin most of us little people. Stay safe all. Heiko
NYMEX:NG1!
by HEIKOTradingSystem
10
NATURAL GAS: Short term buy signal may be emerging.Natural Gas is very bearish on the 1D time frame (RSI = 36.041, MACD = -0.435, ADX = 40.625) with the RSI a few days back even oversold as since the December 15th Triple Top it has been falling non-stop. That fall was initiated not just because of the Triple Top but also because of the RSI's Lower Highs (LH), which flashed a Bearish Divergence. The price this month has been ranging sideways within the 2.340 Support and the 2.655 Resistance. Being this time on a Triple Bottom and with the RSI on HL (Higher Lows) we expect a short term rise to start if the price crosses the 4H MA100, which is untouched in 2 months. We will target the 4H MA200 (TP = 3.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYMEX:NG1!
by InvestingScope
8
Decision time for natural gas The daily candle that just opened is forming in a very interesting place. It will encounter some strong resistance around the $2.50 mark, which coincides with the last candle and down trend line since December. If Nat gas manages to push thru and break above $2.50 and close above the down trend line, then game on to +$3. If it fails at $2.50 and heads lower to the recent low at $2.39, it is likely to break much lower and make new lows , around the $2.20 mark.
NYMEX:NG1!
by Fida4u
2
Bobby's Homework Assignment2.9.23 This video is about natural gas which looked like it found buyers, and it did move higher for a while, but the market got more difficult. I wanted to show how I would look at the price action to judge various turning points in this market using gaps. This is an exercise in looking at reversal patterns, Using the tools that we talked about to judge price action to gauge short-term market reversals. Nothing works for everybody... you decide what works for you.
NYMEX_MINI:QG1!
by ScottBogatin
Nat Gas Accumulation TimeWe're coming in to a zone near the $3 mark where we belive it would be prudent to start accumulating long positions in natural gas. Using Elliott Wave anaylsis in conjuction with fundamental analysis we're pretty certain there's a huge upside to natural gas. We're unsure as to whether this will be a wave 3 or a wave C to the upside, but ultimately that doesn't matter as both will provide us with an upside target of at least $10+. Fundamentally there will be a bigger surge in natural gas demand as it has become evident that the world is not ready for renewable energy to support our power needs (if it ever will be able to support us entirely) so 'cleaner' fuels such as natural gas will be used in the immediate and near term to meet the global energy demands. As always with trading we don't need to know everything, we just need to be on the right side of the movements to make money and we're pretty certain this is going to be a huge move to the upside in the coming weeks and months.
NYMEX:NG1!Long
by RAA_Trading
4
NG: The End (of $2.50 prices (for now))Natural gas has been even more wild than usual. There is "only" about a 30 year history to go off of to look at this commodity. Even so, we have actually had a few notable firsts. The 2022 rally was one of the most violent in history. It went from a 2020 low near $1.50 to $9 in May 2022. In percentage terms, it was not quite as good as in 2002-03, where natural gas bottomed out near $2 and then went as high as $15 for about a week. It also lasted a while. Prices remained near highs for the better part of a year - about 8 months. Compare this to 2005 (barely 4 months near the highs) or 2008 (spent ~5 months climbing before a crash). Notably, though, the 2022 natural gas highs have nothing on 2003-2008 as a whole, where it barely went below $6 that whole time. Just to make sure this makes it into the record books, the decline has also been catastrophic. Jan. 2023 was the worst month for natural gas since Jan. 2001. If you take the worst 30-day period (sometime in mid-Dec to mid-Jan) of this decline, you should find it is actually the worst 30-day performance for natural gas ever in percentage terms. Basically, it is at historically oversold levels. Not only that, but you can see clear & repeated demand wicks as well the major support level here. This alone should add up to a substantial bull case. The only thing that I don't really like about going long here is that I see a bunch of traders are focused on buying or trying to buy. However, when looking into the actual market data, I was surprised to find that many more people are currently short on natural gas. I think the bearish pattern (head & shoulders) from 2022 has completely played out by now. In the past, natural gas takes years to recover from this sort of move (see 2008.) We seem to be making history lately, though, so why not a more substantial rally?
NYMEX:NG1!Long
by roxythetradermage
1
Feb 6,22-NG-Going down still or SidewayI zoomed out to the Weekly chart so you can see just how brutal the price has dropped over the last 8 weeks. Question is, will it continue? Or is this going to be a bottom? Answer is to wait this week out to see if price levels out or not. Obviously if price ends the week below 2.3 then we are still going down. I'm looking for a decent close around 2.5 or 2.6. Then I will monitor price next week to see if there is a chance to break up to 3. Remember we are heading into warmer weather soon and we have had a pretty warm winter overall so supplies are pretty full. Price may not do much for the next few months. We shall see what happens. Stay safe. Heiko
NYMEX:NG1!
by HEIKOTradingSystem
11
Bobby's Homework Assignment2.5.23 In this video we finished up with oil. I opened up the chart a little bit so you can see more clearly where the gaps were and how the market Retested gaps and how this relates to how you might manage today's bar Based on caps from previous days. To be clear, The market can create a gap on today's bar and you can manage the market with today's gap. Open up an oil Daily chart....And look for these gaps and how the markets retest them ....It is worth the time. if you get 80% of what I'm saying and you're not sure about the other 20%... Don't fret, if you have 70% you'll figure out the rest of it if you focus on it for a week or two or a month .In much the same way there could be issues with ABCD patterns which work great but sometimes there's a challenge with picking the A point of an ABCD pattern....most of the time it is not an issue...You will figure it out when it is. Regarding the closing statement of this video: I will do fewer videos, I don't really have a choice. I will generally look at fewer markets because they don't have any real value to my trading. With all the things that I have to tend to at this stage of my life, I end up not having time to trade and have any sense of balance. I've had these issues over the past 4 years but the fact that we grow older, and our physiology changes requires adaptation. I'm considering Occasional videos on trades that I take as long as I don't become a signal service. One of my students was telling me there is a well-known trader large following in tradingview...Who offers professional training and a signal service. When he has losing trades, some of his followers become contentious and angry. My personal belief is that if you can't trade without the signal service you shouldn't be Trading. There are many reasons why that doesn't work. I'd advise my students to trade the futures market. You should be trading only one market at a time when you're learning how to do this comma and you have to have enough capital to do it. If it's your money you have to make the decision when to take your profits. Actually, if it's your money and you're taking a trade you probably will make your decision to take profits differently than the signal service. I could go on and on about this but there is no need for this from my point of view. If you want to trade the market and make money, Learn how to read the market comma get some professional training if you need it.... and make your own decisions... and go back to analyze you're thinking before and after the trade to look for improvement. First and foremost, if you don't have enough money and you're not realistic you shouldn't trade. The government in the united states Is trying to eliminate the qualification exams for doctors and lawyers to be accepted into professional schools.... all In the name of equality. This is the pathway to mediocrity and failure . If you want to be successful, don't settle on Equality, make darn sure that you're going to be excellent, not equal, before you start trading.
NYMEX_MINI:QG1!
by ScottBogatin