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LNG Japan/Korea Marker (Platts) Futures

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JKM1! trade ideas

$BOIL #NG Buy the dipI've been bullish and trading natural gas (BOIL EQT RRC) for a while now and recently sold on the last pump to 2.6 I'm reloading now, as I'm looking at a few things technically I like -Price appears to have found support on a flattening 20DMA , and will next watch to see if we start trending up - The low in May was higher than April , and almost forming a rounded base if we can sustain higher than May's low , it will be a good sign - Strong support at 2 putting in a triple bottom now - even if we go lower, in the longer term as long as we stay above 2 , your entry of say 2.15 won't really matter when we're at 5 ! - EQT and RRC are both flagging and keeping their gains so far, looking for more upside , which of course depends on NG but is providing bullish confluence .
NYMEX:NG1!Long
by FriscoTrades
1
Bobby's Homework Assignment5.20.23 This is a very good video to look at..... we are looking at natural Gas Which should be fairly easy to trade if you knew how to use the tools that we look at. This is a market you should plot out on your own software... and make sure you understand the thinking around this. Unfortunately, there are a couple minor slips of the tongue which goes along with the territory when I produce Videos, but you should know what they are and how to compensate.
NYMEX_MINI:QG1!
by ScottBogatin
NG - Freedom from FearLately, natural gas has gone up in value a bit despite declining in value almost continuously for the past six months. This has people wondering whether or not there is further upside. It is important to remember that most of the natural gas volume is from institutional traders of whatever type, but retail does have a part in the market as well. As soon as a few months ago, things were different from the retail trader/investor point of view. People were much more eager to go long on natural gas because of how far it had fallen. It certainly looked as if it was ripe for a harsh oversold bounce. However, in late Feb-early March, the only bounce that ever happened at all was preceded by a steep drop and ended with a weekend bull trap, which was not exactly the easiest move to take advantage of. This was followed by a slower decline that ate away at ETF values in particular. Not only that, but contract contango has made it difficult to go long on natural gas. Since then, it has consolidated in some sort of roughly defined range only to sharply rise in the past week. My theory is that anyone who actually dared to go long on natural gas, particularly during the Jan-Feb era where it still had room to fall, got to see firsthand how natural gas refused to bounce. The retail sentiment is now much more hopeless and focused on taking whatever profit there is. Memories of the weekend trap in March have now contributed to retail taking money off the table instead. They are now afraid to go long because of how sad the price action has been. It doesn't look like anyone truly believes there will be a real bounce (like they did a few months ago) The actual point A lot of that was mostly just anecdotal evidence and focus on retail traders, who are just a tiny portion of the market. The reason to not go long here is, at its core, fear of natural gas just going down as it has done very consistently for the past six months. It is probably at least a somewhat good idea to not pay attention to that fear and instead trade based on technicals and fundamental stuff. The fact is that there has not been a real Fibonacci retracement since December. As you can see on the chart, even the Feb-March bounce did not reach even the lowest target. This is not just something that happens! The most recent & comparable example I could find is from July '08 to Sept '09, where natural gas did manage to decline about 82% without ever hitting a Fibonacci target. You can somewhat justify this move by saying that it basically had gone up in a straight line in the first half of 2008. The end result, though, was that it literally doubled in value (from $2.5) in the span of a month. Even the 2022 market was different from 2008. In 2008, it had essentially been straight up then straight down. 2022's market was much more choppy and even set a late June low at $5.5, far below the $8 to $9 peaks it had set. It then consolidated for four months near the $6 mark. For anything that doesn't go bankrupt, or anything where the fundamentals are truly, completely changed, there will basically always be some sort of bounce or rebalancing that takes place after a big move. It might take some time, but that is just how it is in the markets. We have not had this bounce. Right now, there is a lot of fear to go around and it seems like no one believes that natural gas will actually reach any sort of high point again. Maybe natural gas will, in fact, go lower, but the upside afterwards only grows the longer it is put off.
NYMEX:NG1!Long
by roxythetradermage
5
May 18,23-NG-Finally Up Up and away?Did anyone put in a Buy Order at 2? or 2.1? You can finally see two weeks in a row of Bullish price movement!! Finally! You can also see price actually passed the green Alligator line which is a bullish sign - just hoping it closes tomorrow ABOVE this line. Then hopfully al good next week. But who knows - next week is next week. AnyHOOO Hope all is well with everyone - sorry for a lack of posts recently but there has been nothing but sideways action, until now. Stay safe !! Heiko
NYMEX:NG1!Long
by HEIKOTradingSystem
19
Is there a chance the price of natural gas will hit $4?If you want to be notified every time I post a new article, just click 'FOLLOW' above. Also, if you want to learn more about a particular topic or need some advice, please comment below the article and I'll be happy to help. Global gas markets are slowly rebalancing, but Russian gas supplies to Europe are expected to remain limited until 2023. In 2022, European and global gas markets faced a sharp reduction in gas supplies after Russia cut its supplies through European Union pipelines by 80%. This has led to the emergence of a global energy crisis. Thanks to the pleasant climate, the increase in the export of LNG (Liquefied Natural Gas) and the drastic decrease in the demand for gas, European stocks are filled to around 60%. This helped cushion the shock of the pandemic. The IEA indicated in a report on the gas market that diminishing market concerns coupled with current reserves are grounds for cautious confidence about security of supply. This gives an indication that there will be sufficient gas supply during the summer. 'While forecasts for gas markets in 2023 are encouraging, future volatility cannot be totally ruled out...global gas supply will remain quite tight by 2023 and the global balance is subject to a surprisingly large variety of possible scenarios. According to the report. There are many risks, such as unfavorable weather conditions which can lead to a shortage of LNG and the possibility of a decrease in Russian supplies to Europe. All this could renew tensions on the markets and increase price volatility. Europe has seen an unprecedented drop in gas consumption of 16%, or 55 billion cubic meters (bcm), during the 2022/23 heating season. This is good news that shows that Europe is becoming more attentive to sustainability. The study results show that the EU only needs half the level of storage injection recorded in the summer of 2022 to meet the 90% storage target by the start of the 2023/24 heating season. Liquid natural gas (LNG) now makes up two-thirds of the European Union's gas imports, meeting one-third of its gas demand during the 2022/23 heating season. A 25% increase was observed, amounting to around 20 bcm for European LNG imports, while more than 45% of the additional supply comes from the United States. Global supply of Liquefied Natural Gas (LNG) is projected to increase by just 4% by 2023, which is less than the expected reduction in Russian gas supplies to Europe, so the outlook is not as bad as it seems from appearances. At the moment, I am checking inventory levels on a weekly basis to evaluate whether to buy gas. Gas supply is currently plentiful due to current record production. With a summer of drought and extreme temperatures expected, we could see inventories shrink due to higher cooling demand. The first heat waves will probably arrive in June, and that's when I plan to buy natural gas for the summer. My calculations indicate that gas prices could be $4 in the third part of the year if the predicted extreme heat occurs. Author's note: The information and content provided on this site should not be considered as an invitation to invest in the financial markets. The Content is a personal opinion of Dr. Antonio Ferlito.
NYMEX:NG1!
by Antonio_Ferlito
NG1! Is Going Down! Sell! Please, check our technical outlook for NG1!? Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2.279. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2.146 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
NYMEX:NG1!Short
by SignalProvider
11