#NATURAL GAShi traders, it seems its in correction phase in weekly time frame. Your opinion on this???by traderevenge227
Natural Gas: Over storage due to recency bias?So far we’ve covered Natural Gas twice, once in October 2022 , followed by another in May 2023 . As highlighted in both pieces we are generally longer-term bullish on natural gas but we do see some opportunities for a short-term tactical position now. As winter approaches, the harrowing memories of natural gas price movements during the previous winter seasons keep us vigilant. Some key points we find interesting now include the natural gas storage levels in the EU and US, unseasonal weather, price seasonality, and natural gas price action. Natural gas storage Natural Gas storage typically follows two clear seasonal trends: the winter withdrawal season and the summer injection season, with the summer months being April to October and winter from November to March. The chart below shows the storage level across time in the US. Current US Storage levels are close to the previous high in 2020. While in the EU, current gas storage levels are the highest they've been over the last five years. These high storage levels come off the back of a massive rally in natural gas prices in the 2021-2022 period. Which leads us to question, could this be attributed to recency bias? Have markets become over-prepared, with storage levels so high? Unseasonal weather One rationale for high storage levels is preparation for a harsh winter. The build-up of gas storage in the EU, particularly, was spurred by a warmer-than-expected start to the winter, resulting in less gas usage for heating. Forecasts also predict the 2023 winter in the EU & US to be warmer than average. A recent Bloomberg article on Natural Gas states: “Data generated by the Copernicus Climate Change Service signals a minimum 50% probability that most of Europe will experience well-above average temperatures between December and February. The Balkans, Italy and the Iberian peninsula have a 60% to 70% chance of exceeding median historical temperatures over the past three decades.” The EIA adds: “We estimate that U.S. natural gas inventories totaled 3,835 billion cubic (Bcf) feet at the end of October, 6% more than the five-year (2018–2022) average. We forecast U.S. natural gas inventories will end the winter heating season (November–March) 21% above the five-year average with almost 2,000 Bcf in storage. Inventories are full because of high natural gas production and warmer-than-average winter weather, which reduces demand for space heating in the commercial and residential sectors.” High storage levels, coupled with lower-than-expected demand due to warm weather, could signal further weakness for Natural Gas… Price Seasonality Adding to this is the general price seasonality of Natural Gas. Over the past six years, the August to end-of-October period generally sees a gradual rise, followed by a decline from December to January. With this year’s price behavior aligning with past trends, we could very likely see a downturn in prices heading towards the end of the year and into January. Price Action On a longer-term time frame, the 3.610 level has repeatedly served as both support and resistance. On a shorter timeframe, natural gas has been trading in a defined broadening formation, likely indicating increased price volatility. To express our short-term bearish view, we can take a short position on the CME Henry Hub Natural Gas Futures at the current level of 3.089, setting the stop at the resistance above at 3.26 and take profit of 2.62. Each 0.001 point move in the Henry Hub Natural Gas Futures is for 10 USD. 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.eia.gov www.bloomberg.com www.eia.gov www.bloomberg.com www.bloomberg.com www.cmegroup.com Shortby inspirante2213
Gas bullrun this winterWe all know that when a war breaks out the prices of energy will go up. Just buy when you hear for example on the news that China is invading Taiwan, or any other crazy war the global elites like to make. Longby G1D3onnUpdated 111117
Natural Gas Future Prediction - 17.11.2023 - Trading Marcos LeveNatural Gas MCX Future - November Intraday Trend Analysis for 17.11.2023 Buy at: 265.05 with Target 1 - 265.75 and Target 2 - 272.7 Add one lot: 262.9 Sell at 260.75 with Target 1 - 243.25 and Target 2 - 236.3 Stoploss: Buy Position SL: 260 Sale Position SL: 266 This Natural Gas MCX Future analysis is for educational purposes and one should attempt a paper trade on the above mentioned levels for an Intraday Range of 18.2 Points on 17.11.2023 Comment here to let me know your experience. by NumroTrader224
Can Bulls Will take Control of $MCX:NATURALGAS1!Dear Followers, I wanted to keep you informed about the latest developments in the natural gas market. Recent trends indicate a potential Uptrend in natural gas prices. This presents a potential opportunity for a Long position. Key Points: 🔹 Natural gas prices have shown a consistent downward movement over the past weeks. 🔹 Supply levels have been relatively stable, while demand has experienced some fluctuations. 🔹 Experts suggest a short-term Bullish outlook for natural gas. Action Plan: Considering the above factors, it might be prudent to consider a Long position in the natural gas November MCX:NATURALGAS1! Contracts. Natural gas will try to face 1st Support Near 260-262 and If its break then Probably We Can See 243-245 level and if its break then it will test 230-233 level. Buy Near 258-260 Stop Loss 250 Target 275,280,288 Investment Required - 70000 Maximum Loss – 12500 Profit Upto 36000 Risk Management: As with any investment decision, there are inherent risks. Natural gas prices can be volatile, and sudden market shifts can impact your investment. Ensure you have a risk management plan in place. Please note that market conditions can change rapidly. We recommend staying updated with real-time market data and consulting with a financial advisor before making any trading decisions. Feel free to reach out to us if you have any questions or need further assistance. Best regards, Ajay Metha Longby PrachiMethaUpdated 3
Natural Gas TradeNat Gas is in a sideways trading range for awhile, until it can break out above $3.50 and hold, then it has the potential to go to $4.00 and possibly $5.00 on an catalyst and extreme move.by FinancialLibertiesUpdated 0
Natural Gas DXY GOLD SILVER OIL Price Forecast00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 04:18 AMEX:UNG Stock Forecast 05:18 USO Oil Stock Forecast 06:48 Gold XAUUSD Stock Forecast 08:13 DXY US dollar Stock Forecast 10:03 Silver XAGUSDLong11:44by ArcadiaTrading3
Nice text book Head and Shoulders pattern on Nat GasTook profit on recent run up to the mid $3's (BOIL) Hedged with a long term position to the downside (KOLD) and back in for another move to the upside (BOIL) #WinterLongby JBNYCTRADE1
NATURAL GAS - NatGas - LongPotential ABC could be ongoing.. open a long position only after 2,8 break Longby flyhorseUpdated 4
NATURAL GAS - NatGas - LongSet up Long active This is a good opportunity with low risk. Longby flyhorseUpdated 225
NATURAL GAS - NatGas - LongRetest of 0,61 unitl leg 1 double bottom above support area -- false break out with recovery of price livel .. potential upside for the next move. Longby flyhorseUpdated 225
NATURAL GAS - NatGas - Longaccumulation of new position I have three position long .. this is the last for a potential CLongby flyhorseUpdated 223
Natural Gas DXY GOLD SILVER OIL Price Forecast00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 07:51 AMEX:UNG Stock Forecast 10:24 USO Oil Stock Forecast 13:33 Gold XAUUSD Stock Forecast 15:50 DXY US dollar Stock Forecast 18:20 Silver XAGUSDLong19:49by ArcadiaTrading115
Livermore Accumulation Cylinder#natgas is still bullish as long as $3 and weekly EMA30 still support price. On the daily, I also see a Livermore Accumulation Cylinder, which will build-out a decent cup and handle.Longby DollarCostAverage7
TRADE SETUP_25% UP MOVE IN NATURAL GASThe Natural gas is seen in an Elliot wave structure since Jun.2023 bottom. The current pullback shall be considered as a wave IV pullback(until the wave I high of 3.015 does not get violated). From current levels though what should be expected should be a 25% rally (wave V) towards the 4$ mark. Also note that the wave markings have been done on an hourly chart but the daily chart is being posted here for the sake of better picture quality. In case anyone interested in having a look at all the internal markings on hourly, they could let me know. Note*- Futures trading involves leverage and carry significant risks. Please trade with caution and do your own analysis before taking up any financial position.Longby neeraj_2_sharma227
Nat Gas Support Zone Coming SoonIf you are looking for a Nat Gas trade, it is set up to be a buy once we get to a support zone on the chart. by FinancialLiberties4
NG Bottom Done Possible Upside to 330 Now NG Bottom Has Been Done . Look for Reversal to Buy Here . Big Targets Awaiting NG Bottom Done Possible Upside to 330 Now Longby ProTradersInstitute2212
NATURAL GAS: Rebound expected near the 1D MA50.Natural Gas is on a six day bearish streak, turning neutral on the 1D technical outlook (RSI = 47.415, MACD = 0.105, ADX = 27.914). The pattern since April is a Bullish Megaphone and every pullback like this, has been a buy opportunity. The last one reversed just before it hit the 1D MA50, and as the 1D RSI is also near the S1 level, we turn bullish, targeting the R1 level (TP = 3.645). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope2212
Natural Gas in INR 1WNatural Gas will consolidate util mid January 2024 between 239 and 298. In the second half of January 2024 the last part of consolidation will take place eventually followed by a breakout happening no later than March 2024. The time of breakout (and its retest) will be dictated by how price action tackles the level of 274. After breakout (and retest) price might run to the range of 396-466. BUY zone: 239-274 SELL zone: 396-466by discarding1
Ascending Triangle (Bullish)Natural gas is trading in a bullish Trend after broke the Neckline of Ascending triangle. wait for the retest of broken structure, levels for buying: 3.12 , 3.08 & 3.00 Profit targets are 3.45 & 3.78 Stop should be below 2.96 Trade at your own Risk!Longby usmand10
Natural Gas OIL GOLD DXY Silver Price Forecast00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 03:50 AMEX:UNG Stock Forecast 06:04 USO Oil Stock Forecast 08:00 Gold XAUUSD Stock Forecast 09:46 DXY US dollar Stock Forecast 11:56 Silver XAGUSD #naturalgas #xauusd #dxy #xagusd #natgas #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil Long14:40by ArcadiaTrading6
Natural Gas Futures repeats 2020-2023 cycleNatural Gas Futures is going to 1.84 and then starts the new growth cycle according to Elliott Wave Theory.Longby AndreyVasylyukUpdated 556
Natural Gas Might Slip till 284 LevelsNatural Gas Might Slip till 284 Levels once it breaks & Sustain below 290 levels,it is forming inverse flag and pole pattern in 15 Mins TF..Shortby narangsantosh87Updated 115