JKM1! trade ideas
Mar 27,23-NG-Price ain't going up!SO - from my last post, thinking price would rally even 500 points failed to occur. Sucks but that's the world we live in currently. Even with the contract rolling over there is no chance of a rally. The IEA says inventories are 22% above the 5 year average - this combined with winter being over in the U.S. means no demand for NG.
So, I am sitting on the sidelines, waiting. Price may go well below 2 this week, maybe 1.7.....maybe even 1.5 - who knows.
Anyway, I'll be looking at other trades - maybe oil, and the S & P 500 to make some money.
Take care and stay safe.
Heiko
NATURAL GAS - Potential Upward MovementNATURAL GAS refilling at demand zone and about to rebound. Exit at 2nd supply zone
A catch up game btw WTI and NG: Which one meet the other?Something does not look right...NG to go up or oil to come down?
Change to positive trend (NG long)I consider NG changed to positive trend. New entry level to long position around 2.3-2.4. Will follow the price movement at smaller timeframe at this level.
NATURAL GAS Confirmed our long-term view, now turning sideways.Those who follow us for long, know that we tend to utilize long-term patterns, especially cyclical pattern that give a high probability of return as they filter out the day-to-day noise from the news. Natural Gas (NG1!) is no exception and our multi-year Cycles analysis last January proves that:
As the price continued to free-fall, we now find it useful to better explain the situation to you, to turn back to the 1D time-frame and compare the 2022/23 Cycle to 2014/15. As you see the correlation is fairly high. Both started on a 1D Death Cross, with the 1D RSI deeply overbought. As the price never broke above the 1D MA50 (blue trend-line) since December 20 2022, it appears that we are in a similar level as February 2015 when after a test of the first Support Zone (green), the price rebounded, got rejected on the 1D MA50 and then turned sideways to break it.
It stayed neutral for basically 6 months before starting a new multi-month round of heavy selling. The signal to sell it again was when the price was at its closest to the 1D MA200 (orange trend-line). The downside potential is significant and goes lower than the previous Low of 1.450, which is our long-term target.
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Way down open ( NG short)After decline below 2.39 with test the way further down to 2.20 and 2.02 is open.
Due to oversold RSI and RSI Stoch. I will wait for better etrance point to short.
Entrance at 2.39 will be best to ride the short.
Stay tune, will provide updates on this idea and my scenario.
NGAS BUY! TARGET 3.50 USD/ 4.20 USD (GAP)Hi,
RSI level show us very good moment to catch NGAS BUY.
TP1 : 3 USD
TP2: 3.50 USD
Long Term Target : 4.20 USD (GAP
Good Luck !
Mar 18,23-NG-Turnaround this week? YES!As we know, NG has stayed down and storage is at an all time high - U.K. NG is at an 18 month low. Weather has been exceptionally warm in the U.S. the last 8 weeks, hence the huge amount in storage.
My thinking is the following:
There is a quick cold snap this week where it will start to warm up again on Fri,,,
It's almost the end of this contract...most of the time, price moves up as contract end nears - not always, but a lot of the time.
Where is the bottom? I believe in and around 2 is the bottom. It's going to be hard for price to STAY below 2 for long. Sure, it might dip down to 1.5 for a day or two, then right back up again around 2.
Therefore, I am choosing 2 or maybe 1.9 or 1.8 as a good spot to go long - even if it's just until friday this week, then get out. Hopefully price goes up to 2.5 and I take my 500 or so points profit and run.
I might be wrong, but that's how I'm going to play this week. I will be watching price action closely Sun night as NG comes online. If price is flat or turns negative slightly, I will lower my entry price to 1.9 or 1.8.
Stay tuned this week for more posts. Stay safe and trade smart.
Heiko
Natural Gas Long SetupNatural Gas seems bouncing from demand zone.
Safe trades can long above 224, risky can long at CMP 188.5 with SL of 162 on daily closing basis.
Saptarish Trading.
View are for education purpose only.
Natural gas is prepping for a big moveNatural gas is prepping for a big move to the upside after the gap fill that's marked on the chart (2.35 vicinity). The gap coincidently lines up with the lower trend line of a falling wedge , making this area a magnet. The move in Natural gas in the previous weeks was very large , which subsequently required some consolidation before another leg. Assuming the general markets can sustain some footing or stall , despite the Silicone Valley bank debacle, natural gas can make a move to the $4 mark.
Mar 9,22-NG-Pullback is here-TurnaroundAs I said in my last post, price dropped this week. Question is, with the jobs report tomorrow, will price plummet? Or Rebound?
THis is the question I am battling with. I will be watching closely and if price continues to fall overnight and into the moments leading up to the report, I might put in a Buy ORder in case price sky rockets.
We shall see. As for next week, will price go back up to 3ish? Or will price just go sideways for a while. Hard to say, especially because there appears to be no end in sight for the War.
Stay tuned.
Heiko
potential 4hr cup and handle on natural gaslong position establishing here again. this trade is risky. I see a bullish continuation pattern a Cup and handle to be exact. the breakout is not confirmed. however the Ad is showing an ascending triangle on lower time frames.
AD Basing. Looking for a bullish ABC movement over $2.664Need a bullish ABC movement over $2.664, which was a previous support position . Then we ave $2.836 that broke out. I'm predicting A leg to hit this level. followed by B leg to retest support and finally a move back up to $3 natural gas
natty weekly chart both AD/Stoch RSI double bottomincluding the wave count, Im showing a retest of the b leg of the bullish cypher which is around wave 2... Im buying all dips on natural gas and boil etf
AD showing a double top looking to short to C legfrom the chart on the 30min of ngas, the Ad has created a double top and there is already a bearish cypher pattern currently present. looking to short to C leg around 2.68 natural gas.
Monthly 2-2 reversal at yearly S1 Support. Target:4,9$ & 7,6$Hello dear Traders,
Here is my idea for #NG1
Price triggered yellow line
Target marked in the chart
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
Mar 5,23-NG-is this the pullback?Last week NG went up a hell of a lot...are we ready for a pullback now? We shall see how this week plays out. Should be crazy with the Fed raising rates again on Wed.
If this week closes below 2.6, maybe NG will fall back to 2 next week.
If price action falls anywhere close to 2 THIS week, I will put in a buy order for price to return to the 3 zone.
Heiko
NATURAL GAS BULLISH RSI DIVERGENCE IN DAILY TF !!!Hello to everyone,
As we can see there is a Bullish divergence in RSI & PRICE on daily timeframe . This is indicating that price has not much momentum to go downside. We can expect a trend reversal in natural gas but only RSI divergence does not confirms the trend reversal. We need positive price pattern or any bullish candle formation to go upside at the bottom of chart. If any bullish candle or bullish scenario forms than only we can go for the long position.
The green candle indicating price momentum towards upside and green candle has good volume also ,which is showing strength in buyers./b]
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
