NATGAS, Accumulation mode is definitely ON before x4 by DecemberNATGAS weekly data is conveying massive accumulation at the current price range of 2.0 to 2.2. Target by Winter/December will be a 6.0-8.0 price range. TAYOR. Longby MT21UP222
Natural Gas: Has it Found a Bottom?Natural gas made a stunning rally to an all-time high, only to come crashing back down again. It's been a while since we last covered natural gas, so let's take a look at what's happened since then. The previous technical & seasonality setup played out perfectly with the RSI bouncing off the low and the rally into the winter season, hitting our profit target and extending further. This time, we're seeing a similar setup on a different timescale. Zooming out, natural gas has retraced the entire move it made in the past three years and is now back to pre-COVID levels. The question is, has natural gas found a bottom here? Looking at the weekly chart for natural gas over the past 20 years, we see an interesting picture. The weekly RSI has only broken past the 30 level five times over this two-decade period, and each time marked the rough bottom for natural gas. Fortunately, we're seeing this exact setup now, with prices seeming to find resistance at the $2 handle, which has also proven to be a reliable resistance level. Comparing the Henry Hub natural gas against the Dutch TTF natural gas, we can see the spread back to the lows when adjusting for the same unit measurement of MMBtu and in USD. On the fundamental side, this excerpt from the US Energy Information Administration (EIA) sums up the outlook for Natural Gas vs Coal: “Natural gas-fired generation capacity in the United States has grown in recent years, although coal-fired generation has continued to decline. Lower coal-fired generation is due to a long-term trend of coal power plant retirements and increased competition with natural gas-fired combined-cycle plants when natural gas prices are low. A total of 11.5 gigawatts (GW) of U.S. coal-fired electricity generating capacity retired in 2022. No new coal-fired capacity has come online since 2013, and developers have not reported any plans to build new U.S. coal-fired capacity in the future. In contrast, nearly 6.1 GW of natural gas-fired capacity was added in 2022, according to our Preliminary Monthly Electric Generator Inventory.” Natural Gas saw a record high for the winter heating season. Additionally, close to 23% of US coal plants have plans to retire by 2029, and the last new coal plant that came online in the US was in 2013, 10 years ago. With coal plants being the second-largest source of electricity in the US and supply being cut, energy has to come from somewhere else. While the push for renewable energy continues, natural gas remains the main source of energy production. The dissipation of supply from retiring coal plants will likely be filled by natural gas. The reason being? Natural Gas currently remains most reliable form of energy source, while nuclear faces political pushbacks and Wind, Hydro & Solar have unpredictable/intermittent generation capacity. Lastly, the Dollar sits on a key level now. If broken, the weakening dollar could drive commodities prices higher en masse. All in all, the case to long natural gas from here seems reasonable, with the fundamental outlook for Natural gas still positive and the technical set-up pointing to a low. Taking a long position at the current levels of 2.186 and setting our stops at 1.85 and our first take profit level at 3.1 gives us a reasonable halfway point while setting our next take profit level at 3.8 gives us a higher profit potential if prices continue to rise. CME’s Henry Hub Natural gas is quoted in U.S. dollars and cents per MMBtu. Each 0.001 increment equal to 10$. The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description. Reference: www.cmegroup.com www.eia.gov www.eia.gov blogs.worldbank.org Longby inspirante4412
Natgas: More pressure! 💪You know this one? Pascal: “Hurry up! Get a move on! We really need to get going!” - “Whoa, that’s a lot of pressure for just one Pascal…!” Okay okay, bad jokes aside, Natgas does need a bit more pressure to rise from the compound consisting of the white zone between $1.880 and $3.436, the blue zone between $2.407 and $3.277 and the pink zone between $2.573 and $3.439. Above this conglomerate, it should finish wave iv in pink before turning downwards to develop wave 2 in green, which should then lead below the bottom of the white zone. Once this prominent low is established, Natgas should take off again. However, there is a 40% chance that Natgas could leave the white zone on the southern side, thus expanding wave alt.2 in green earlier already.by MarketIntel6
NATGAS Will Go UP! Buy! Hello,Traders! NATGAS is nearby the Horizontal support of 2.00$ So despite the downtrend I think that a good rebound Is possible on GAS Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals6642
NG1! Is Very Bullish! Buy! Here is our detailed technical review for NG1!. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 2.113. Considering the today's price action, probabilities will be high to see a movement to 2.286. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider9978
✅NATGAS GROWTH AHEAD|LONG🚀 ✅NATGAS has retested a key support level of 2.00$ And as the pair is already making a bullish rebound A move up to retest the supply level above at 2.28$ is likely LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx8850
NG1! Trading Opportunity! BUY! My dear subscribers , I analysed this chart on NG1!, and concluded the following: The instrument tests an important psychological level 2.160 Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Goal - 2.287 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCKLongby AnabelSignals7741
NG1!: Long Trading Opportunity NG1! - Classic bullish setup - Our team expects growth SUGGESTED TRADE: Swing Trade Long NG1! Entry - 2.200 Sl - 2.027 Tp - 2.460 Our Risk - 1% ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals8844
NG - Serious Bear - ST/LT View This is a serious bear... I am giving my short term/long term outlook here. Setting up for near term buy. Longer term I believe there will be another low coming. A wave 3 low is currently setting up with a long side wave 4 counter trend trade opportunity. Here is a Monthly Linear Chart with my anticipated pathway and target price for a longer term buy. by oliverrathbunUpdated 393937
NG 4-hours chart, Will it hold? Sell pressure continued, yet it could provide opportunity for a swing as touching the bottom channel, as long as it holds.by cranvivid225
NATURAL GAS Stock Chart Fibonacci Analysis 050123Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 2.34/61.80% by fibonacci6180225
Natural GAS : LONGNatural gas bounced from a low of $1.95/MMBTU, where almost all producers lose money. Since natural gas and crude oil are near or below breakeven levels, producers are reducing their drilling rate - likely lowering production levels given the lack of capacity. The negative shift in weather, falling rig count, and potential export boost from Freeport may push natural gas back into a shortage over the coming months. While natural gas spot prices appear likely bottoming, UNG's immense "contango" pressure remains a key investment rig factor. Source : Seeking AlphaLongby SWFguy2
Bobby's Homework Assignment Part 14.30.23 I'm going to make two or three videos this weekend in an effort to clear up Misunderstandings and misconceptions about how the market should be traded. Generally speaking... for myself... I picked the markets that have features that I understand... that allow me to use the tools that I need to make a trade decision. In reality if I were not posting charts I would have three possibly four markets that I would be looking at but a routine basis... and I would probably be trading one market at a time, And possibly two at most.... and I would have a specific reason for trading that market. that's all you need.... and if you get really good at it and you want more money you can trade two contracts instead of one. If you're Trading has been very very good... you might trade with scaling techniques that can bring you back to break even on a losing trade because you understand market dynamics.... or you can scale in and out to control your risk Parameters. Your probability of success Is largely a function of the market you choose to trade. Indiscriminate Trading has never been a way for me to be profitable in the market. It just never worked for me.20:00by ScottBogatin4
NG1! Is Very Bearish! Short! Take a look at our analysis for NG1!. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 2.465. The above observations make me that the market will inevitably achieve 2.316 level. P.S Please, note that an oversold condition can last for a long time, and therefore being oversold doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider121247
NG1! Buyers In Panic! SELL! My dear friends , My technical analysis for NG1! is below: The price is coiling around a solid key level - 2.458 Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 2.312 Recommended Stop Loss - 2.541 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCKShortby AnabelSignals171742
NG1!: Expecting Bearish Continuation! Here is Why: It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current NG1! chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️Shortby UnitedSignals121253
NG1! BEARS ARE GAINING STRENGTH|SHORT Hello,Friends! NG1! pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2.169 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals121280
NATGAS, keeps the flame burning. Upside continues.NATGAS weekly data is suggesting firm price foundation at current levels and an upside continuation is inevitable. SPOTTED at 2.4 (continuation from 2.0 levels) _______________ Related news: Nat-Gas Prices Rebound on Outlook for Cold U.S. Temps www.tradingview.comLongby JSAL5512
Natural Gas Natural Gas - Long SL - only if 1h close below green Zone Target - Green Zone top Trade Analysis done in 1h time frame. Longby I_M_VARUN_TYAGI5
NG1! BEARS ARE STRONG HERE|SHORT Hello,Friends! NG1! pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 17H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.949 area. ✅LIKE AND COMMENT MY IDEAS✅ Shortby EliteTradingSignals101059
nat gas divergence spotted at potential supportfrom decline, to sideways, thats how trend end and change. shifts in moment tum are often seen as divergences in the indicators. odds not guarantees of course. by optionfarmers3
WEEKEND UPDATE APR 22 2023 THIS CONSOLIDATION WILL BREAK SOONMacro 2/10 YR CURVE - Inverted = -.60 (Down from -.56 last week) HIGH YIELD SPREADS = 4.54 (Up from 4.49 last week) US ISM PMI - Contracting Faster = 46.30% US ISM SERVICES - Growing Slower = 51.20% S&P 500 ( SPY ) - Investable Nasdaq100 ( QQQ ) - Investable Russell2000 ( IWM ) - Not Investable Gold ( GLD ) - Investable US 30yr Treasury Bonds ( TLT ) - Counter Trend Rally US Dollar ( UUP ) - Not Investable US Real Estate ( IYR ) - Counter Trend Rally European Equities ( VGK ) - Investable India ( INDA ) - Counter Trend Rally Broad Asia Equities ( VPL ) - Investable China A-Shares ( ASHR ) - Investable (Pullback) Emerging Markets ( EEM ) - Investable Wheat Futures (ZW) - Not Investable Corn Futures ( ZC ) - Investable Soybean Futures (ZS) - Investable Silver ( SLV ) - Investable Natural Gas Futures ( NG ) - Not Investable Volatility Levels S&P 500 - 16.77 - Investable Market Nasdaq100 - 21.29 - Choppy Market Russell2000 - 22.75 - Choppy Market S&P 500 Volatility Structure - normal Contango Structure VIX 9-Day - 14.88 VIX Short Term - 16.58 VIX - 16.77 VIX Long Term - 17.09 Now, here is the list of individual ETFs and individual names are showing strength. Strongest of our ETF universe CANE SVIX NIB EWL EWQ SLV PPLT GDX EWI EWP VGK EWG EWU DBA XLP IGV EWK EWD XHB XLV SPY PINK EWO DIA SPLV DEF XLU IBB MTUM IWD Strongest of our ETF Leveraged/Inverse Funds NAIL EURL TQQQ JUNG SPXL DFEN UDOW CURE UGL UTSL KORU DUSL WANT Strongest of our Individual Equities SWAV FSLY META WST ALGN BLDR PHM GE LULU ISRG TMDX CPRT FTNT SYK NVR LW TXG FDX TAP HUBS MCD SHOP LVS LLY WYNN HSY ASO CRM ORLY COO ZBH CMG LEN XRAY MSI DHI TYL BSX KMB ATVI GIS MELI HCA ORCL YUM CBOE ROL AJG OLLI INMD PG EA LIN CHD KO SO PVH TDG AON MRK TSCO MMC VRTX PPG EXI ZTS BRK.B HOLX CLX UHS BDX MGM OMC DXCM TTWO MDLX RSG WMT SBUX PEG CAH VRSN WM PKG V WRSK PWR BIIB RTX ABC NOW ABBV HWM ULTA UPS GILD MTD ZEL AEE ODFL FAST MA INTU RE ICE ED CNP SNA EXPD JPM PNW ABT REGN RRR HLT LOW HSIC BRO XOM WEC EXC ECL MAR NI CME EL CTAS EVRG LNT CL PPL AWK CSX RMD SRE IRM HES DGX DLTR JNJ AEP OKE NEE C STZ EQIX ATO MLM DFS WTW ETR by mbrannigan115
Still Long GAS | S&R Flip : Breakout Retest on Falling wedgeNatural Gas update Still hold a position on Nat Gas as the potential weekly double bottom continues to be confirmed with 1st target price being on the neckline/ resistance line. The past week was mostly sideways, giving signs that the bull are now standing their ground over the bears. Things to look out for Contract switch US Natural Gas Stocks Change Confirmation of the breakout from the falling wedge | Fakeout? Disclaimer: Position open. (Natural Gas is still the widow maker). Post not financial advice/recommendationLongby N_I_G554