✅NATGAS BUYING OPPORTUNITY|LONG🚀
✅NATGAS will soon retest a key support level of 2.2$
So I think that the pair will make a rebound
And go up to retest the supply level above at 2.28
LONG🚀
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NG1! trade ideas
It is not yet the right time to buy Natural gasIt is not yet the right time to buy Natural gas.
U.S. natural gas futures prices hit a three-week high on Monday, climbing nearly 8% after forecasts of colder temperatures and higher heating demand in the next two weeks.
The predicted decrease in temperature has led to an increase in the value of futures.
Prices have risen as the amount of gas being exported abroad as liquefied natural gas from the United States is heading for a new monthly high.
Export levels remained elevated for the second consecutive month in April.
Forecasters are foreseeing lower-than-usual temperatures in most of the 48 continental US states between April 17 and 25.
Refinitiv estimates that this trend pushes gas demand across the United States, including exports, to 94.8 bcf/d in the coming week, up from 94.1 bcf/d this week.
Good news comes from natural gas demands, however, it has not been a problem in the year 2023.
Natural gas experiences a higher demand during the summer (July and August) for electricity generation, while in the winter (December to February/March) there is a sharp increase in demand for heating homes and buildings in the North East and Midwest.
Natural gas has multiple uses, including industrial use, for home heating and to produce electricity.
A major alternative source to NG-generated electricity is coal, but with still high prices - $3.5 per MBTU versus $2.5 for NG - there are strong economic and capacity pressures for utilities to scale up the production of energy using natural gas.
With many coal-fired plants expected to be phased out over the next year, these pressures are set to increase.
I am confident about the demand for natural gas, but pessimistic about production.
Production remains high and adverse weather can cause problems as we have witnessed this winter season.
The price of gas has fallen due to warmer temperatures, which have led to a significant increase in stocks.
Looking at the technical picture, the short-term trend appears to be bullish supported by good volumes.
However, the movement was not caused by purchases, but by short-coverings.
When prices drop significantly, speculators will buy back to close out gaining positions, thus creating a temporary bounce.
My pricing model points to natural gas prices rising to HKEX:5 over the next few quarters.
So I will monitor inventory weekly to consider purchasing the gas.
I expect drought and extreme temperatures to come this summer, so my plan is supported by that scenario.
The opportunity is tempting and I can't afford to pass it up.
Author's note:
The contents and information presented on this site should not be considered as a solicitation to invest in the financial markets.
Natural Gas Future Outlook Weekly /Daily S&R Technical Analysis - AMEX:NG Finally got a 4 hour uptrend need more follow through tomorrow to confirm
- likely heading to $2.5 if 4 hour uptrend confirm follow through tomorrow
- tradeable ticker AMEX:UNG and AMEX:BOIL still use the NG chart if you are trading natural gas.
Apr 18,22-NG-FINALLY going up :-)So it looks like I was more or less correct - 2 was a decent bottom and good entry point.
Don't know how many of you got in, but I'm in at 2 going long so I'm in decent profits currently.
I'll keep you updated as usual. As you can see I am trading on the weekly/daily so I'm not sure what my target is yet, but I am partial to 500 point profits so I might get out if NG hits 2.5
Take care and stay safe.
Heiko
NG1! Sellers In Panic! BUY!
My dear followers ,
Please, find my technical outlook for NG1! below:
The price is coiling around a solid key level - 2.274
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.505
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
NGAS BUY? Take profit 3 USDHi,
April we start with new quartal on this calendar year.
We expect strong bull on next 2 months on NGAS.
tp1 : 2.80 usd
tp2: 3.00 usd
Take profit long term : 4.20 usd ?
Fib retracement levels for NatGasShould retrace now to the 1st fib. It can take several weeks, but once the SMAs cross we should see an upward movement
Natural Gas Weekly Bear Flag potential but still holding Support- AMEX:NG AMEX:UNG AMEX:BOIL needs that 4 hours trend change otherwise even the big moves will essentially just fade
- still a potential weekly bear flag
- but still holding bottom wedge support and also double bottom on daily.
Crude Oil and Natural Gas - Bearish ReversalsCrude Oil (WTI) & Natural Gas have been in an uptrend.
Reversal Patterns are present, and BIG bearish moves are around the corner.
Technical Analysis:
- WTI: Ascending Channel Breach
- Natural Gas: Ending Diagonal
NG, on active accumulation phase..NG, is undergoing significant accumulation at the current levels. It revisited strong order block / support at 1.9 level and it touched this multiple times. It retested it and bounce back-- only to return to it multiple times. Let's see if it can finally muster strength to reverse from this level.
Spotted at 2.10
TAYOR.
Natural gas range for 2 month 150 to 250 Hi every one ng range 150 to 250
means 3 triple bottom at 150
april may jun
july breakout month
target 450
NATGAS Risky Long! Buy!
Hello,Traders!
NATGAS went down again
And is retesting the horizontal
Support level of 2.00$ again
So while the bias is somewhat
Bearish I think that due to the
Strength of the level we can
Count on one more rebound
Buy!
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Check out other forecasts below too!
Natural Gas Long Term Outlook | Importance of 4H Trend change | - AMEX:NG AMEX:UNG AMEX:BOIL cant stress enough we need to change trends, even if it is a very big move it will just fade if no trends are changed
- need to change the 4h and daily trend to the bulls
- likely tightening up in a equilibrium into May, still holding the teal support line.
NG1! Massive Long! BUY!
My dear friends ,
This is my opinion on the NG1! next move:
The asset is approaching an important pivot point 2.186
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.439
Safe Stop Loss - 2.050
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
✅NATGAS WAIT FOR BREAKOUT FROM THE RANGE|LONG🚀
✅NATGAS was trading in a
Downtrend but then the pair hit
The support level of 2$ and
Formed a parallel range
So IF we see a bullish
Breakout from the range
I think we will see further growth
LONG🚀
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Natural Gas Is Looking For Lower SupportNatural gas is trading bearish for the last couple of months, but we see it in a larger (A)-(B)-(C) corrective decline that can be slowly coming to an end. We are actually tracking final wave 5 of (C), which should be completed by a five-wave cycle of the lower degree.
Natural gas is currently in an intraday consolidation within downtrend, ideally in subwave "iv" triangle pattern that can take it lower for wave "v" of 5 of (C) towards 1.6 - 1.5 area before it finds the bottom.
2023 Tradingdesk for Natural gasFrom now i will have one main idea, and all the ideas as we reach cycle targets for the year will be updated in the thread.
I dont trade short term, keep in mind my ideas are longer term, and its boring.
We wait for the cycles to bottom and we wait once in the trade for the trade to mature.
Fallow, like so you dont miss the updates.
Apr 10,23-NG-Finally hit bottom?Some decent gains today...Finally!! So have we finally hit a bottom? Back in Mid to late Feb price bounced off the 2 mark...so it looks like 2 is a very strong bottom. Or are we just going to go sideways now for a while? No bloody idea!
But at least we have some gains today...could be a good week...or could just be sideways week - keep your eye on it.
Lots of financial activity this week from the Fed etc so markets could change instantly.
Trade safe and stay safe!
Heiko
NG1! On The Rise! BUY!
My dear friends ,
NG1! looks like it will make a good move, and here are the details:
The instrument tests an important psychological level 2.035
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.507
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
$NATURALGAS long ideaSince the bottom is held and the gap created is closed,. i am entering a long position in $NATURALGAS for a swing to 50DMA
NAT GAS LONG. The lows are LIKELY in for Nat GasNat Gas is probably THE most hated commodity now. Its reached MAJOR Horizontal Support, and 2 CONVERGING Trendline supports. ALL 3 are Converging at $2 level. Expect a bounce to 1st Target at recent highs $3 with Ultimate Target price at upper end of falling trend channel ~$3.55. Historical average Price of Nat Gas is $4 since 1990 with $1.62 - $2.00 range acting as MAJOR Support Zone for the last 35 YEARS.
Current price is also at the BOTTOM of the recent trading range and price appears to be forming a Wyckoff ACCUMULATION.
LONG Nat Gas at $2.01 and anything <$2.01. SL = CLOSING PRICE < $1.44. Reward:Risk = 1.75:1 at $3.00 target price and 2.7:1 at $3.55 Target Price
Trade what you see.
