Naturalgas on reversalNaturalgas on reversal due to cypher completion and also as per RTM a very good level to long now.
HH1! trade ideas
Nat Gas H&S playing out$210 would be approximate target based on this Head and Shoulders formation on Natural Gas futures. Currently price is in a nosedive.
Daily NG analysisDaily NG analysis
Sell trade with target and stop loss as shown in the chart
The trend is down and we may see more drop in the coming period in the medium term
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NATGAS Long From Support! Buy!
Hello,Traders!
NATGAS has collapsed and
Has reached a strong horizontal
Support level from where
A local bullish rebound
Is likely to happen
Buy!
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buy 27 , 28 after almost a month follow the purple line till 55 then I'll update . you should see my other analyzes because results and follow me
NATURAL GAS Potential rebound but bearish long-term.Last time we gave a signal on Natural Gas (NG1!) in late November, we caught a perfect rejection and sell entry for a strong bearish December trend:
As you see, the price even closed below the 1W MA100 (red trend-line), breaking its previous 1 year Bullish Megaphone pattern, so the trend is confirmed as bearish long-term. By doing so, it has formed a Channel Down whose bottom (Lower Lows trend-line) was hit and the price bounced yesterday. Today though it resumed the downtrend.
We believe the key here is the RSI on the 1W time-frame and the Falling Wedge pattern we identified last time. This is now on its bottom as it was on October 21 2022 Low, which caused the short-term rebound to a Lower High for the Channel Down.
As long as it holds, we expect the price to rebound on the short-term in order to test the 1W MA100 and 1D MA50 (blue trend-line). A rejection there should extend the Channel Down to a new Lower Low. A break of the Channel Down downwards earlier, will simply accelerate the downtrend to the 0.618 Fibonacci and the long-term Support Zone just above the 0.786 Fib. Notice that right now the price is on the 0.5 Fibonacci.
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NG! - Natural GasAppears to be completing a bullish butterfly. Albeit .794 instead of amust .786 for AC leg. I would be OK with that won't you?
Leg D in process and could go as far down as 3. Let's see what happens.
Natural Gas, Heating Oil and Nasdaq are still shortSo far I dont see any long lasting up trends so I keep adding the three most bearish markets
CME_MINI:NQ1!
NYMEX:HO1!
and
NYMEX:NG1!
Natural Gas Futures near supportIf this is in fact the short term bottom, the 1h chart price should break above the 1h support around the "1D support" level. However if the price continues below "1D support" a further drop may be likely.
Jan 4,23-NG-Has it finally hit bottom?Happy New Year all - time to make a shitload of money this year!!
ok - post first - NG rose today for the first time in weeks, so NG is settling around the 4 mark. Will it go lower?? Possibly, probably.
Warm weather is in sight with no let up in sight for the next 2 weeks minimum.
I'm not doing anything until the storage report tomorrow - lord knows price could fall down to the 3.6 - 3.8 area by close tomorrow. Will THAT then be the bottom?
Maybe....dunno.
OK - So excited!! SO you might find some posts from me this year on different trades, notably the S n P 500, Wheat, Oil and Gold. (OF course there will still be NG updates)
The reason???? Because we should ALL make a shitload of money this year. I've been talking to a lot of you, and I know there is a lot of uncertainty regarding the recession we are in (going into) and of course the ongoing war. Apart from all the worry though, there is ALWAYS opportunity in chaos. People have been made Millionaires from some smart trades not only in recessions, but in uncertain times. (Which we are definately in).
So trade safe, stay safe and here's to all of us making a lotta money this year! :-)
Heiko
NATURAL GAS🔥 breakoutNG1! broke down out of the raising wedge (yellow) and I expect further downside. It will prolly not be in straight line, pullbacks along the way expected. Actually now we are sitting at the support zone 7.78 - 7.55, so bounce up or sideways before next leg down is possible. Target being the support zone 6.46-5.95 and potentially the lime uptrendline.
Also there is a upward channel (blue) on the log scale:
Will we test the channel lower edge?
Let me know in the comments how much has your gas bill risen if you already pay new price.
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
hello beautyI was waiting for this moment, super cheap gas, near term 13%, medium term 60%. Come fly with me!
NATURALGAS Strong BUY @338Natural gas strong buy based on demand and supply....
buy above 338
target 350, 365,380,410,440+++
Natural Gas collapsing! Yet another deflationary signNatural gas in the US is collapsing. In part this has to do with LNG exports to the rest of the world being halted due to a fire to one of the export terminals. However in my honest opinion, there is more to it. It probably has to do more with the deflationary forces taking over, as high interest rates, money supply shrinking and inflation being too high, have destroyed demand to a very large extend. At the same time we are seeing progress in the energy space, with more projects and drilling taking place, as the ESG movement is taking a hit. The green movement needs to be sidetracked for a while, as we need cheap energy right now. Otherwise the war in Ukraine won't stop in Ukraine and we are gonna have famine in most of the world.
So where would I be looking to buy natural gas? Or until what level would I be willing to short it? Based on an average I created which includes several futures contracts, I think that closing shorts at around 5$ is a good idea, yet buying a lot of NatGas with significant upside, I'd say start buying between 3-4$.
NATURAL GAS🔥 to $4.6?Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
Wassup guys?! After my NG short call (two months ago) and reaching it's target I think the drop may not be over yet. I can imagine price is going to test support cluster created by major uptrendline (lime), horizontal support 4.75-5.95, and the yellow trendline. The former support zone 6.46-5.95 now acts as resistance at it seems to me that the upside pullback from the low 4.75 to 7.22 is running out of steam. Closer look (4h)...
...reveals local triangle (yellow) which is just about to break one way or the another. My bet is to the downside breakout.
I wouldn't go long as long as the major downtrendline (red) holds.
Let me know your thoughts in the comment section.
Check my other stuff in related ideas.
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NG1! just a thoughtI have to admit GAS could continue to dump OR ?. There seems to be a curious possible setup here exactly at the .618 FIB (4.5) .... NOT for the faint hearted.
This is based solely on wave pattern and experience there is absolutely NO fundamental analysis involved, so do your own due dill
NG1 short. Hey everyone,
Fundamental analysis.
Waiting for market.
Waiting for winter, when customers starts buying nature and price get to the down.
Typical supply and demand.
Very easy trade to me and for everyone.
Bye.
Natural Gas #NG - Target 4.9, 4.5 Natural Gas has been pulling back for last few months. It has hit double bottom today at 5.325 and I would expect some technical bounce of that level. Overall trend for NG is bearish, I expect it to next level major support 4.92 and 4.5 in next few weeks or months.
Dec 28,22-NG-How low will it go?So NG is tanking hard...question of course is how low will it tank?
I will be watching for a bottom and then put in a Buy Order seeing that it's still winter, price 'should' go up some at least, but you never know. We have had stranger winters where price just keeps coming down.
I'm not sure if we are looking at a time where it will drop all the way back to the 2's range - we shall see.
Happy New Year all.
Heiko
F/U on Natural Gas: Expecting a up move next.This is a follow up from the Oct.23rd post (if interested see link below). We did get a good bonce up after that post but pride than dropped back to what appears to be be a support resistance level. We now have a positive reversal in the daily RSI followed by a bullish divergence in the daily RSI. This combination frequently leads to a rise. It correct I would expect the near term price not to close below 4.75 labeled "b".
Notice the recent 5 wave expanding triangle on the daily chart labeled a-b. There is also a 5 wave contracting triangle in the daily chart from September-April labeled a-b and another labeled A-B. Triangles most commonly occur as the B wave of an A-B-C correction or at wave 3 of a 5 wave impulse series. (EWT)
#henryhub #naturalgas Double bottom. Spinning top reversal. BuyHenry Hub Natural Gas
So we have a possible double bottom forming on natural gas. If price fell 8c more on the last low we would have a bullish divergence now. Throw in a spinning top reversal on the 2nd bottom, STO primed for an increase, weak volume and stronger RSI all things point to the sky.
RSI: Relative Strength is 37 on the second low versus 25 on the first. Selling is a lot weaker this time around.
STO: Stochastic has bottomed out and is ready for a jump.
Volume: Has been dropping on this sell off confirming the weakness of this drop.
Target 1: 7.00 (possible 34% return)
Stop Loss: 4.60
