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LNG Japan/Korea Marker (Platts) Futures

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JKM1! trade ideas

NATURAL GAS Astounding multi-year Cycles showing sell's not overThis is not the first time we look into Natural Gas (NG1!) and its long-term patterns. We have coined its Multi-year Cycles Theory in the past and it is time to extend on it a little on the 1W time-frame. Typically investors ask us for 1D analysis such as the following we published 2 months ago (November 24 2022) and helped us identify the conditions that would fulfil the long-term bearish reversal we expected: As you see NG delivered the expected drop since it closed below its 1W MA100 and even hit and closed below the 1W MA200 (orange trend-line). Based on this multi-decade blueprint, this is a strong bearish continuation signal. As the chart shows, NG technically makes 4 year Cycles (bottom-to-bottom, top-to-top), which failed only one time in 30 years. Based on this, there is still significant time and range for the price to drop. The first stop is the (grey) High Volatility Zone, where the price typically trades for a longer-than-usual period of time. We need to keep an eye on the RSI on the 1M time-frame and its Higher Lows trend-line. If its holds, expect a bounce, in a similar fashion as the Lower Highs from May 2009 to February 2016. If they break, we expect first the 1.600 level to be tested as a Support and potentially under conditions (which we will analyze extensively if this time comes), the prices Lower Lows trend-line. Keep in mind that the RSI is always helpful and in recent months in particular, as its Bearish Divergence on Lower Highs (against the price's Higher Highs) from September 2021 to August 2022 projected the peak. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!Short
by TradingShot
4
Jan 21,23-NG-Price will settle around 3As you can see from the chart, somewhere between 2.8 and 3 is where the outside Linear Regression line is and that is where price will probably stabalize for the next while, until some force pushes price up....either weather, the War, Politics or some combination of all 3. Keep a close eye as 3 is a Support level. Weather is supposed to turn colder also, however, storage is pretty full, so I'm guesing until the EIA report shows a significant drop is reserves, or if the cold snap turns into a 4 week cold spell, price won't move too much. Heiko
NYMEX:NG1!Long
by HEIKOTradingSystem
5
21st January Natural Gas Outlook: Weekly ForecastFibonacci Extension measured from $4.75 low to $7.60 high shows that $2.989 level coincides with 1.618% extension and on this basis we think that the current bearish drop can pause at $2.989 and start a short term rebound towards resistance zone of $4.75 The rebound rally will have several twists and turns en route to $4.75 destination. However, this is our projection based on Fibonacci Extension. Natural Gas is a weather driven commodity which runs more on fundamentals than technical factors.
NYMEX:NG1!Long
by SunilKumarDixitSKCharting
3
Butterfly Still in Play for Natural Gas NG!Butterfly still in play 1) XB should be 0.786. Here we have 0.794 so I would accept it. Tick 2) AC should range between 0.392 to 0.886. Here it is 0.774. Tick 3) BD should range between 1.618 and 2.618. Here it is 2.128 . Not complete yet but Trending! 4) XB should range between 1.27 and 1.618. Here it is 1.493. Not complete yet but Trending! Let's see what the price action does. I believe a reversal is due now to the upside. Note: XB to 1.618 would be at the price of 3. So still downside risk.
NYMEX:NG1!
by VishalShah9
1
Natty 40% profit, 27:1 risk/rewardNatural gas is in the process of forming a double bottom (the db is not yet confirmed), and as noted in my BOIL idea has already entered a Bullish butterfly pattern on 4/6/12h timeframes. pt1=4.984 Expect bearish retracement from that level back to retest the double bottom low before moving to pt2 level. I usually trade bull butterfly by taking 100% profit at pt1, then reentering lower, closer to the butterfly entry price. SL can now be moved up to just below the double bottom level at 3.52, to increase risk reward ratio. The butterfly stop loss is 24% lower at 2.755. Phoenix and Stock VX3 indicators are also rising from oversold levels on 12h timeframe adding additional supporting data to the trade idea.
NYMEX:NG1!Long
by wormmaster2021
4
💡 (NGas) NG1! Will it be ready for upside ?Hello every one If the triangle seems to be broken, maybe the gas will return from these price ranges, and I think there is a high probability that we are now at the bottom of the gas price. A triangle has been drawn that if the candles leave the upper part of the triangle, there is a possibility of an upward trend. Be sure to keep an eye on the chart and don't miss this wonderful opportunity. What do you think? I'm happy to comment❤️🌹
NYMEX:NG1!Long
by hamidreza_FX
6