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Natural Gas Futures

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NG1! trade ideas

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.
RLong
by neeraj_2_sharma
2
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. ##
NLong
by InvestingScope
2
Are new annual lows expected for gas prices?Are new annual lows expected for gas prices? U.S. natural gas futures prices fell below $3.5/MMBtu after reaching a two-week high of $3.64/MMBtu on Oct. 27. According to the latest EIA data, inventories stand at 74 billion cubic feet, a figure well above the five-year average. In addition, average U.S. production hit a new record with 104.0 billion cubic feet. But what was the reason for last week's uptick? A new weather forecast indicates that there will be significant cold weather in the United States in November, thus increasing demand for gas for home heating. It is not uncommon to see erroneous weather forecasts, and besides, both Europe and the United States have large natural gas reserves. This is one of the main reasons for my pessimistic stance on gas. Studying the futures curve, we notice a strong upward shift. This indicates that there is a significant contango effect, which makes any long-term gas purchase transaction negative. It is important to remind investors that there is a viable alternative to trading natural gas futures. Natural Gas Storage Natural Gas Storage If you are considering investing in the gas sector, there are options that are easier to understand than futures. You can consider buying shares in companies involved in gas production and distribution, which offer improved returns and are a safer option than the futures market. One major company you can turn to is Antero Resources (NYSE:AR) Corporation, an independent leader in the development, production, and exploration of natural gas, natural gas liquids (NGLs), and oil in the Appalachian basins. Their three main areas of operation are focused on the exploration, development, and production of these fossil fuels. In technical terms, the current situation can be a trap for shoppers. As many know, I am opposed to an approach based solely on technical analysis. The decline in gas prices has been accompanied by a sharp drop in trading (-95.38 percent). However, this brief movement is not supported by trading volumes, which are needed to confirm a further decline. As a result, investors using technical analysis do not seem concerned. Technical analysts agree that the situation remains bullish. In addition, the close above the fast and slow-moving averages provides further confirmation of the positive short-term trend. Natural Gas-Daily ChartNatural Gas-Daily Chart At this time, I disagree with the technical analysts. If you want to invest in gas in the medium term, you should accumulate bearish positions as I am doing. The main reasons behind this decision are record production and forecasts for warmer-than-normal weather, which could lead to lower prices as happened last year. Seasonality usually affects natural gas prices, and last year we saw a significant reduction during the last quarter of 2022 and the first quarter of 2023. Personally, I expect this trend to continue. In addition, it is important to constantly monitor the natural gas stock data published every Thursday by the EIA to get a more accurate understanding of the situation. According to my forecast, we could expect to see new lows in the coming quarters for natural gas prices.
NShort
by Antonio_Ferlito
Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count this is an update to the previous view. Yesterday, the market completed the 4th wave of its price movement cycle and has since entered the 5th wave. This represents a continuation of the current trend, and we can anticipate a positive recovery in the upward direction once the 5th wave is completed. This signals a potential opportunity for investors to consider taking advantage of the market's recovery trend. In light of this, we recommend refraining from taking short positions in a bull market. Instead, it would be prudent to wait for a reversal and take a long position. Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading. CAPITALCOM:NATURALGAS FOREXCOM:NATURALGASCFD MCX:NATURALGAS1! CITYINDEX:NATURALGASCFD PEPPERSTONE:NATGAS SKILLING:NATGAS
MLong
by Treda_pro
4
Natural Gas Cooling Off Into Heating SeasonNow’s primetime if you’re an energy trader. Winter forecasts continue to roll in and cold fronts are sweeping across the CONUS. Naturally, it is also a time to eye both the fundamentals and technicals of Henry Hub Natural Gas. Most novice investors simply analyze the continuous prompt-month of HH NG. Having spent years on an energy trading floor and advising clients on how to handle their energy procurement needs, however, I know that watching one key contract offers the most insight. Winter demand peaks in January in the natural gas market. So, I prefer to analyze trends in the January contract. The trend is not all that bullish as volatility does its usual thing – rising as winter approaches. I see support in the $3.46 to $3.50 zone – a breakdown below that range could trigger significant downside. I see resistance in the $3.90 to $4.00 range. For now, with price drifting toward the lower end of that area, it could be worth a swing long, but I would not be playing Jan ‘24 NG from the long side right now when looking out to expiration. Also consider that seasonal trends are not compelling either. If you don’t follow Equity Clock, I suggest you take a look. November and December are dreadful months, on average for the United States Natural Gas Fund ETF (UNG). Hampered by bearish contango at times, the Nov-Dec stretch is the worst two-month performance period in UNG’s 15-year history, with particularly bearish price action from Thanksgiving through the end of the year.
N
by mikezaccardi