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NG1! trade ideas

EW analysis - NG long term interpretationThe post with the short term analysis for NG has gotten quite cluttered. So today I start a knew thread with more of a long term analysis. Unfortunately commodities most often don't adhere to the five wave pattern of the impulsive movement. Commodities rather form connected big three wave moves. So I like the idea that we are in wave C of a bigger wave Y down. Problem with a wave Y is, it could be finished already. Why I still prefare the interpretation that it is not the bottom is that fact, that for one the five wave pattern doesn't look finished and we didn't really see a volume explosion at the bottom. On the other hand the postion of the commercials due to the CoT-Report is quite extrem. So both scenarios are possible. For the shorter time frame we will definetely look to the upside. The bottom search was detail work. Now updates will come with a reduced frequency.
NYMEX:NG1!Long
by Sideshow83
4
Natural Gas Analysis and Forecast (BUY)Based on the analysis and forecast of natural gas , the trend line has experienced an upward break. As a result, there is an anticipation of a continuation of the bullish trend , which may lead to the price reaching the 3.000 level. As per the forecasters, the massive spring storm from the western US is likely to generate severe weather conditions across a 1,000-mile stretch from the Great Lakes to Texas. The storm system is anticipated to bring blizzards, freezing rain, tornadoes, and heavy showers, with tornadoes posing the most significant potential threat in certain regions of the Mississippi, Ohio, and Tennessee valleys. Such extreme weather conditions can impact the supply and demand dynamics of natural gas . For instance, if the storm causes a disruption in the production, transportation or distribution of natural gas , it could reduce the supply of natural gas . At the same time, extreme weather conditions can increase demand for natural gas , as people may use it more for heating or cooling purposes. This change in the supply-demand balance could potentially lead to a change in natural gas prices. However, it's worth noting that the extent of the impact will depend on the magnitude and duration of the storm, as well as the resilience of the natural gas infrastructure in the affected areas.
NYMEX:NG1!Long
by ProTradeSignals
NG1! Will Go Up! Long! 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 2.111. Considering the today's price action, probabilities will be high to see a movement to 2.322. 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!
NYMEX:NG1!Long
by SignalProvider
9
Natural Gas BULLISH DIVERGENCE on DAILY TFThe price trading at Lower level and there is RSI BULLISH DIVERGENCE also on weekly chart which indicating that price has not much momentum and strength to go further downside .On the daily chart, the RSI indicator is also close to crossing below 30, Signaling overbought conditions. 👉 RSI DIVERGENCE does not confirm that the price will reverse but divergence indicates that the price does not have the strength to go down. So for any upside view let the price confirms the strong Reversal for any upside momentum.✅
MCX:NATURALGAS1!Long
by Jha_Nidhi
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
NYMEX:NG1!Short
by HEIKOTradingSystem
6
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. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!
by TradingShot
1
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