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NG1! trade ideas

New lows for natural gas prices?If you would like to be notified whenever I post a new article, just click "FOLLOW" at the top. Also, if you would like to elaborate on a particular topic or need some advice, please comment below the article and I will be happy to help. New lows for natural gas prices? U.S. Natural Gas Futures - Gen 2024 (NGF4) recovered from a 6-month low at $2.2 last week and now hovers around $2.5/MMBtu. This is due to seasonal demand and increased gas flows to LNG export facilities. Robust and steady exports are expected to continue, with LNG terminals consuming about 15 billion cubic feet per day. However, the market is also affected by concerns about possible disruptions to maritime trade in the Red Sea due to attacks by the Yemeni Houthi militant group. In this regard, global freight companies are seeking alternatives to passage through the Red Sea, including the Cape of Good Hope. BP has even suspended all of its Red Sea shipments to avoid future problems. Readers who have followed my articles on natural gas this year know that I have been bearish since October because of high production and warm weather with consistently above-average temperatures. Unlike last year, December 2023 ranked as one of the hottest months ever. Unless there is a sudden change in the weather forecast, the situation may only get worse. NG natural gas production has been exceptional this year, but this has led to a drastic decrease in prices that will probably not reach $3 until the second quarter of 2024. After a record warm December, we may finally have cooler winter weather in January, giving hope for a recovery in natural gas prices. Currently, the ECMWF-EPS long-term forecast indicates a possible cold spell in mid-January, and we hope this will come true for the sake of market bulls. However, we know that weather forecasts are not always accurate so it remains to be seen what will actually happen. According to the futures curve analysis, no good news is coming for gas. Currently, the curve is in contango, which means that investors are willing to pay more to buy gas in the future than the current price. This is mainly due to the need to protect against a possible rise in gas prices. However, near the expiration of the futures contract, a decline in the premium offered on the current price is often observed, and the futures price gradually approaches the spot price. Under Contango conditions, futures prices of a commodity tend to be higher than current prices. Therefore, the futures price curve will steepen as we approach expiration, as the expected spot price becomes closer and closer to the futures price. Remember, if you want to trade in the natural gas market, you also have the option of investing in the shares of a related company such as Antero Resources Corp (AR). . This independent company is involved in the development, production, and exploration of energy resources in the Appalachian Basin, including natural gas, natural gas liquids (NGLs), and oil. In summary, there could be a technical upswing for gas, especially if the weather turns surprisingly colder than expected. However, in the medium term I remain rather pessimistic and have already predicted long-term lows in my previous articles in October. I predict that natural gas prices will fall further in the next quarter, reaching new lows around $2.
NYMEX:NG1!Short
by Antonio_Ferlito
NG1! Will Fall! Short! Take a look at our analysis for NG1!. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2.468. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2.366 level. 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!Short
by SignalProvider
1
NATURAL GAS: Long term Cycles target 1.400.Natural Gas is very consistent with its long term patterns and in particular Cycles that have been in effect since the 2008 crisis. The dominant pattern since then has been a Channel Down and with the application of the Fibonacci levels we get a good understanding of the Cyclical phases. We need to look at the 1W timeframe for that, where the technical is already bearish (RSI = 40.467, MACD = 0.009, ADX = 38.451), recently rejected near the 1W MA200 and now under the 1W MA50. We can see another three patterns with declines under the 1W MA50 after a 1W Death Cross formation. All pushed near the bottom of the Channel Down, with only the 2009-2012 taking longer. Every monthly rally is a sell entry for us from now on (TP = 1.400). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYMEX:NG1!Short
by InvestingScope
Can $MCX:NATURALGAS1! will Bounce ? Currently MCX:NATURALGAS1! Its Trying to Take support Near 191-193 Level and its very Crucial Level of Naturalgas so if anyone is ready to take risk can buy Naturalgas December Near 192-193 Level SL 180, Target 210,215,223 This message is for informational purposes only and should not be considered financial advice. It is crucial to conduct thorough research or consult with a financial advisor before making any investment decisions. We do not guarantee the accuracy or completeness of the information provided.
MCX:NATURALGAS1!Long
by PrachiMetha
NATGAS On The Rise! BUY! My dear friends, Please, find my technical outlook for NATGAS below: The price is coiling around a solid key level - 2.552 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 2.750 Safe Stop Loss - 2.437 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Long
by AnabelSignals
1
Two cycles completed, The market is starting to trendHello there! I am a big fan of the Elliott Wave Principle, which is very interesting and useful for analyzing the market. I have developed my analytical approach by combining the principle with my personal experience and considering various scenarios that may occur in the market. Although I want to share my analysis with you, I want to emphasize that I do not provide buy or sell signals. My main intention is to share my unbiased analysis so that you can use it as a guide to make informed decisions. To build your confidence in my analysis, I always share my previous analysis of the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand. I hope that my analysis will be helpful in your trading journey and wish you all the best. Sincerely,
NYMEX:NG1!Long
by mehdi47abbasi79
4
NATURAL GAS Stock Chart Fibonacci Analysis 120523Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 2.89/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NYMEX:NG1!
by fibonacci6180