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LNG Japan/Korea Marker (Platts) Futures

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JKM1! trade ideas

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
NYMEX:NG1!Long
by HEIKOTradingSystem
18
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.
NYMEX:NG1!Long
by Fida4u
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
NYMEX:NG1!Long
by HEIKOTradingSystem
6
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.
MCX:NATURALGAS2!Long
by Jha_Nidhi
Natural gas is overextended Natural gas looks to be forming a near-term top in what I think is an ABC move up. Bearish divergences are building on the hourly and 4 hr chart. Although, these divergences can continue to build while Natural gas grinds up , the risk-reward ratio warrants caution. Where does the B wave look to target? The $2.40 vicinity looks plausible, being there was a lot of price action there, a gap , and an attractive fib extension zone. The subsequent C wave will be spectacular, with the potentional of having a 3 or 4 handle.
NYMEX:NG1!Short
by Fida4u
1
NG1! Long-term uptrend is about to start After a significant adjustment, natural gas has gradually bottomed out and formed a wave of bottoming rebound. In the short term, the upward momentum is weak, but the bullish signal has already appeared. It is only a matter of time before the bulls launch a strong attack in the future. At present, what is needed is to wait for the market to adjust again before positioning. Currently, with the bottom formation and bullish signal appearing, the natural gas has considerable upside potential in the future, suitable for long-term positioning to obtain profits. I will also update the strategy regularly for this commodity. If there is a good entry opportunity, I will notify you as soon as possible. For friends with large capital, you can position lightly at this point and buy on dips. If you need specific strategies, you can directly leave a message to me. Thank you for your likes and support. MOEX:NG1! NYMEX:NG1!
NYMEX:NG1!Long
by FlashTrades_
1
NG1! in oversold zone. Technical bounce target 2.789 , 3.37, 4.0Natural Gas has dropped more than 43% since start of 2023, it's heavily oversold and hitting a major support zone (2.45 - 2.20 levels) , highlighted in blue box. In my previous post, I had a target of 2.33 as per Fib measured levels. I strongly believe we have seen bottom in NG short term, might go lower some more to test the support zone and build a base. Short term I'm expecting NG to technically bounce to target 2.789, 3.37 levels (white lines).. Best case might test the $4 levels, where the down sloping pink line meets. For any reason, if 2.20 support levels get broke, we might see lower target $1.795 and 1.44.. I believe we might see these downside targets only after a technical bounce 2.789, 3.37 levels. Let me know your thoughts in comments section
NYMEX:NG1!Long
by gmaster29
12