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NG1! trade ideas

Natural Gas / NG - Act II: A Number That Starts With "2"My previous call on natural gas made Sept. 19 has come to fruition, achieving all three targets, and in a shorter than expected period of time: Natural Gas / NG - It's Officially a Bear. Now, Hold My Beer The question I've asked myself for the last few days is simply: Now that the June lows have been taken out, is it time for a reversal? And frankly, I don't believe a (sustained) reversal is imminent, mostly because I really do believe $18 NG1 is incoming and these market makers, who are total maniacs, will not make it so easy for one to go long. Things to keep in mind when we're so close to the end of the month and major lows have been achieved: 1. Look out for bounces as monthly candle wicks are painted 2. Look out for monthly candle highs to be painted in the first days/weeks of November 3. Big volume gaps between $6.3 and $5. "It's only 23%!" 4. Big bounce from $4.9 to $5.3 June lows are likely Trendlines are astrology, for real. Stop believing in them. No banks and no trading floors at Shell, Exxon, Aramco, Gazprom, are sitting there thinking of what to do with billions of dollars of inventory and drawing a diagonal line between two lows and thinking to themselves about such and such "support." That is truly absurd. Yet, you should pay attention to these things because, to the contrary, they're used to fleece dumb money. The markets revolve around fleecing dumb money, and there are entire funds with billions of dollars of dumb money. To put this trendline into perspective, although it looks reasonable on the 4H, look how absurd this is on the monthly: That being said, it's also reasonable on the 1W and 1D charts: & We are notably at that point, below the psychological $5 level and more or less at the trendline, and at the end of the month. When June made its Armageddon move downwards it came right as the monthly contract closed, so I personally do not expect a repeat of the same situation. I think a bounce to $5.3 is more or less inevitable, and I suspect rather than break through it and act like Silver/Gold/WTI has retracing to newer highs, it will bounce off the low and manufacture the kind of "resistance" found in technical analysis books to encourage late shorts. Early November may actually show us a more bullish impulse back to $6, but keep in mind that to get back to that mid-October weekly gap would more or less fill the entire October monthly bar with a November wick, so that gap is likely a breakaway gap that will stay in place for some time. Anyways, what I expect to see is after some retrace to catch late shorts and squeeze and break them, as well as to exploit early bulls, we will see a retrace, one that won't last long and will probably be quickly accompanied by another breakaway gap. I believe that natural gas will, in a very quick period of time, actually print a number as low as $2.9, a move that will be accompanied by WTI also setting new lows and approaching $50, as I noted in a recent call: WTI Crude Oil / CL1 - Accumulation Before Global Conflict Europe has already filled their coffers with $9-10 US LNG delivered via boat and until they need to refill the barrels in a few months after Freeport is re-opened, prices should be suppressed as producers and funds get net long on energy. The reason is, problems between NATO and Russia and problems between the World and the Chinese Communist Party under the new found "Emperor" Xi and his delusional miscalculation to stay attached to Marxist-Leninism and communism will lead the Party to either attack Russia alongside NATO or to pinch both Russia and NATO with an assault on Taiwan. Energy will be _extremely_ expensive everywhere once the global conflict breaks out. But as with all such moves, first come lows that are more uncomfortable than early bulls and scared bears are comfortable with. 2023 will not be a pleasant year, so make sure you do your utmost to have a proper Christmas with your family and act like a good person. Whoever you are who is reading this, what I want to tell you is this: If you want a future, you need to start by first rejecting communist culture, especially all things Marxist-Leninism. Next, you need to reject the Chinese Communist Party, for it is guilty of the crime of live organ harvesting genocide against Falun Gong and will be purged by history. Third, you need to start to emphasize virtue and improve your conduct and morality on a foundation of traditional human culture. I am not talking about dogma, and I am not talking about religion. Both of those are totally useless. I am talking about a rational understanding of what it means to be "a human being," the things that have allowed this civilization and this cycle of history to persist over the last 5,000 years, founded on the back of the Chinese dynasties. There are so many lessons in history. I hope that whoever has the fortune to encounter my words can walk out of the catastrophe. But if your thoughts are unrighteous, then if you can't, you can't. Regrets, however, will be no help at all. It's just like poker: you have to figure it out and have your bets placed before the cards are turned face up. Once the truth is revealed, everything is fixed.
NYMEX:NG1!
by LordWrymouth
14
Natural Gas Analysis and ForecastBearish pressure is expected to persist in the coming days or week due to increased natural gas production following a June explosion that shut down a Texas LNG facility. The facility is expected to take at least two weeks to become operational again, but bullish pressure may return once it does as well as if winter conditions return in late January or early February. If the 3.500 level is broken, prices may increase to the range of 4.500-5.000 before a possible drop again. NYMEX:NG1!
NYMEX:NG1!Long
by ProTradeSignals
3
Jan 24,23-NG-Almost time to go longAs I mentioned in my post, 2 posts ago, I expect price to settle around 3. We had a little spike up in price but then it came right back down and now is under 3.2 So I will be watching closely to get in at 3.2, preferably lower if price goes lower. Every 100 points I will move my Buy Order lower to keep in step with the price lowering. Currently I'm in for a Buy Order at 3.2 Price might not go up too much or at all until next week. Watch out for the weekend Gap Ups or Gap Down from the 'Big Boys'... I expect I my order will get filled before end of day Friday. Take care and stay safe all. Heiko
NYMEX:NG1!Long
by HEIKOTradingSystem
15
Bobby's Homework Assignment1.24.23 Bobby, listen to this video at least twice. Replicate the chart. Spend some time on the thinking associated with this market.... natural Gas. It's not easy finding this kind of analysis. Your risk Is that you spend a few hours... and then you can decide that the thinking behind it doesn't resonate for you . But listen to it first and replicate the chart. If you were in your college classroom and you were given a test on this which would force you the study this chart, That is all I am asking from you. (Bobby's father told me his grade point average.... which was a heck of a lot better than mine... and I managed to muddle through life doing ok). Natual Gas
NYMEX_MINI:QG1!
by ScottBogatin
Bobby's Homework Assignment1.23.23 I looked at the two markets that I talked about earlier this morning. This video is all about gaps. You should listen carefully. There were a couple of minor Mistakes that I made..... not really significant. However there was a mistake it should be corrected: At the end of the video I made a statement that the current price had closed the gap on the natural gas chart>>>>>>>>That is not true. if you look at the chart more closely, Today's price had not yet Closed the gap from Friday. If that is the case, and the market didn't close the gap from Friday as well,the market starts going higher comma that is Is more bullish than a market that closed the gap.
NYMEX_MINI:QG1!
by ScottBogatin
EWT – Is Natural Gas Prepared for a Reversal?In our previous article, we discussed impulsive wave C and its continuation. On 20 January 2023 , Price achieved our all given targets. Click here - ----------------------------------------------------- Timeframe : MCX Natural gas has accomplished the corrective wave B and started falling for impulsive wave C. Price has given a reversal from previous wave C, but it is no conclusive evidence that it has completed wave c. When it comes to confirmation, Traders should watch the level of 313 . If the price breaks out the 313 , it will enter into the parallel channel. Traders can buy for the following targets: 321 – 340 – 366 . Don’t forget prices are moving outside the channel, which is a negative point for traders. Bearish continuation is possible if the price sustains below wave (4). I will update further information soon.
MCX:NATURALGAS1!
by forextidings
2
NATURAL GAS Astounding multi-year Cycles showing sell's not overThis is not the first time we look into Natural Gas (NG1!) and its long-term patterns. We have coined its Multi-year Cycles Theory in the past and it is time to extend on it a little on the 1W time-frame. Typically investors ask us for 1D analysis such as the following we published 2 months ago (November 24 2022) and helped us identify the conditions that would fulfil the long-term bearish reversal we expected: As you see NG delivered the expected drop since it closed below its 1W MA100 and even hit and closed below the 1W MA200 (orange trend-line). Based on this multi-decade blueprint, this is a strong bearish continuation signal. As the chart shows, NG technically makes 4 year Cycles (bottom-to-bottom, top-to-top), which failed only one time in 30 years. Based on this, there is still significant time and range for the price to drop. The first stop is the (grey) High Volatility Zone, where the price typically trades for a longer-than-usual period of time. We need to keep an eye on the RSI on the 1M time-frame and its Higher Lows trend-line. If its holds, expect a bounce, in a similar fashion as the Lower Highs from May 2009 to February 2016. If they break, we expect first the 1.600 level to be tested as a Support and potentially under conditions (which we will analyze extensively if this time comes), the prices Lower Lows trend-line. Keep in mind that the RSI is always helpful and in recent months in particular, as its Bearish Divergence on Lower Highs (against the price's Higher Highs) from September 2021 to August 2022 projected the peak. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!Short
by TradingShot
4
Jan 21,23-NG-Price will settle around 3As you can see from the chart, somewhere between 2.8 and 3 is where the outside Linear Regression line is and that is where price will probably stabalize for the next while, until some force pushes price up....either weather, the War, Politics or some combination of all 3. Keep a close eye as 3 is a Support level. Weather is supposed to turn colder also, however, storage is pretty full, so I'm guesing until the EIA report shows a significant drop is reserves, or if the cold snap turns into a 4 week cold spell, price won't move too much. Heiko
NYMEX:NG1!Long
by HEIKOTradingSystem
5
21st January Natural Gas Outlook: Weekly ForecastFibonacci Extension measured from $4.75 low to $7.60 high shows that $2.989 level coincides with 1.618% extension and on this basis we think that the current bearish drop can pause at $2.989 and start a short term rebound towards resistance zone of $4.75 The rebound rally will have several twists and turns en route to $4.75 destination. However, this is our projection based on Fibonacci Extension. Natural Gas is a weather driven commodity which runs more on fundamentals than technical factors.
NYMEX:NG1!Long
by SunilKumarDixitSKCharting
3