Natural Gas: Time to throw in the towell? Nat Gas Bulls cant seem to find any momentum continuation. Lots of chop and slop is forming on the daily chart. This choppy action could be shaping up for a new low after we get tag the next resistance. Long03:52by Trading-Capital18
NATGAS will Turn Bullish SoonThe weakness in the NATGAS (natural gas) price has surprised many analysts, including ourselves, to be honest. Nevertheless, we anticipate that the natural gas price is currently undergoing an extended bottoming phase, and a near-term increase can be expected. While targets beyond 4,000 may be overly ambitious, the range around 3,280 seems at least achievable in the medium term.Longby Ochlokrat1110
NATGAS Bullish Breakout! Buy! Hello,Traders! NATGAS is going up now And we are seeing a Bullish breakout of the Key horizontal level Of 2.486 and the breakout Is confirmed so I think That we will see a further Move up after the market opens Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals2211
NatGas UpdateThough my base case scenario is a contracting diagonal, I am also considering more extreme options to stay open-minded. Technically it would be the same.by Fomenka227
Natgas UpdateWorking our way through the leading diagonal formation. If everything goes as planned, this will create a fantastic opportunity in early 2024. by Fomenka224
Natural Gas slowly climbing! Natural Gas saw a larger drawdown from inventories this week. Nat Gas had a higher weekly close! Stage 2 basing formation is still in play!Long05:47by Trading-Capital2215
A wave down before the start of the climb? bull marketHello! I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market. While I would like to share my analysis with you, please note that I am not providing a buy or sell signal. My primary intention is to share my unbiased analysis so that you can utilize it as a guide to make an informed decision. To build your confidence in my analysis, I always share my previous analysis from 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 is useful to you in your business journey, and I wish you all the best. I am looking forward to hearing from you. Lastly, I would like to mention that like-mindedness and support, comments, and likes are the most important pillars of progress, just like support points in the financial markets. They give me the energy to continue and share more ideas with you. Sincerely Longby mehdi47abbasi7916
Natural GasNatural gas forming a butterfly pattrn and is heading towards its monthly lows. keep an eyeShortby Kushalvk7Updated 7
Important levels for the week with live chart linkCAPITALCOM:NATURALGAS Hey Folks ! I have shared all the expected important levels for the week . Club these levels with your existing trading strategy and experience. Hope You have profitable week.by prachitv1Updated 8
NATURAL GAS - NEW LOWS?NATURAL GAS - NEW LOWS? Nat Gas, rejected 2x the resistance line and printed in top a falling star candle , next candle printetd a new low and for now im not looking to buy it , just wait to enter on a better priceShortby sfc956
NATGASNATGAS was trading in descending parallel channel. The price was reacting well the support and resistance of descending channel. Currently the price has given the breakout of channel and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher. If the breakout sustain to upside the optimum target could be 2.8. What you guys think of this idea?by JustTradeSignals229
Natural Gas in a Free Fall Natural Gas in a Free Fall Natura Gas is moving in a well defined bearish trend. During the previous week the price found the strength to breakout from a strong daily/Weekly support zone located near $2.5 The support area now turned into resistance stopped the price rising more during yesterday afternoon. Today the price is moving down again and probably it can test $2.1 price zone during the coming days or weeks. Thank you and Good Luck! Shortby KlejdiCuni8833
Natgas UpdateOk. I am speculating that we are in the upward trend already. But early developments can be fuzzy.by Fomenka1
NATURAL GAS Breakdown OpportunityHi! NATGAS is pretty bearish, reading about a warm December, at least in the US, and overproduction. (reading headlines at naturalgasintel.com). So, I'm expecting price to break down at the test of this trendline, which could be a good opportunity to SHORT on this one. Have a great week ahead, and please comment if you have something good to add. Best Regards, ThomChrisShortby thomchris7773
Natural Gas Prices Recover from 6-month LowsSince November 1, the price of natural gas has fallen by more than 30%. This was facilitated by: → relatively mild weather at the beginning of the winter period; → record volumes of liquefied gas production, as reported by Reuters. Analysts estimate there is currently about 7.8% more gas in storage than normal for this time of year. On December 13, the price of natural gas dropped below 2.20 for the first time since the beginning of June. This level may provide support given how price has interacted with it throughout 2023. At the same time, the graph shows that the price of natural gas: → is within a downward trend (shown in red); → On December 11, a surge in demand was noticed on the market (shown by the arrow) — it is possible that it was caused by a low price and the expectation that in the future the price of gas could rise until the end of winter; → the median line still offers resistance; → RSI forms divergence. Thus, there are reasons to believe that the level of 2.20 may be able to stop the downward trend. And even to provide support for a rebound if the weather becomes colder and causes an increase in gas consumption. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. by FXOpen13
Natural Gas short viewThe price of natural gas could drop to the $2.30 level this week and form the next lower low there. The November bearish trend line represents strong resistance at the beginning of December.Shortby Aleksin_AleksandarUpdated 16
Winter Cash-Cow@NaturalGas is a sure bet as we come to the end of each year. Winter is coming and households need to be warmed up. With the escalating tension in oil-producing countries, and temperatures dropping, Natural Gas has the best opportunity to close this quarter strong as demand increases and supply is under threat. Despite being down about 40% YTD, there is still a lot of upside left. However, there is some historic price resistance and the 50EMA is backing this up. With fundamentals aligning up for further upside, we might see resistance turning support in the course of this quarter. Longby Candles254Updated 2
NATURAL GAS BEARISH OUTLOOKThe recent surge of warm fronds impacting the United States, the largest consumer of natural gas, shows no signs of dissipating soon, exerting significant pressure on its market. This has led to a substantial decline in the price of the gas, plummeting for eight consecutive days from 2.841 to 2.375, marking a staggering drop of over 16%. Technical indicators are not signaling an imminent reversal of this trend in the short term, as both the MACD and RSI exhibit robust Sell signals. Should the current trajectory persist, there's a possibility that the price could dip to support levels around 2.124. A potential pivot point at 2.405 might be considered, potentially leading to a price rebound to 2.712. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses. Shortby legacyFXofficial6
Long Natgas and Short USDJPY - Financial Disaster SpeedrunWeather looking warmer than it seems? Gas inventories high as shit? IT DOES NOT MATTER. KANDA OUT OF HIS JOB?? WHO CARES! TL;DR: Long NatGas Calls 2.950 USD DEC Expiry and Short USD/JPY spot at 149.6 SL 150.10. In the grand tradition of financial kamikaze dives, Redridge Capital has just executed a trade that makes even seasoned market veterans cringe. We've simultaneously longed natural gas through December expiry options and shorted USDJPY through a highly leveraged spot position. Yes, you read that right. We've essentially bet that natural gas prices will skyrocket while the Japanese yen will plummet. It's like betting on both red and black at the roulette table – a strategy that's sure to leave you with an empty bank account and a newfound appreciation for financial stability. We're not here to play it safe. Of course we are not, what do you think this is? S&P ETF? We're here to make wild bets, break all the rules, and generally shake up the financial world. And if we happen to lose all your money in the process, well, at least we'll have a few good stories to tell at the bar. So, let's break down this idiotic trade, shall we? Betting on Natural Gas: A Recipe for Disaster We've longed natural gas through December expiry options, meaning we've bet that natural gas prices will be higher in December than they are today. This is a risky proposition, considering the mild winter we just had and the massive glut of natural gas sitting in storage. But we're not just betting on a mild winter; we're betting on a full-blown apocalypse. We're talking polar vortexes, snowmaggedons, and a nationwide shortage of flannel shirts. If our bet pays off, we'll be heroes. But if we're wrong, we'll be the financial equivalent of the Hindenburg airship. Overall, we think the sentiment here has gone too far and we could see a 10-15 % rally in the gas market based on the inventories surprise. LONG DEC Expiry @ 2.950 USD Shorting USDJPY: A Dance With the Devil On the other side of the equation, we've shorted USDJPY through a highly leveraged spot position. This means we've borrowed a bunch of money to bet that the Japanese yen will weaken against the US dollar. Now, we're not exactly experts on Japanese monetary policy, but we do know that the yen has been on a strengthening streak lately. So, why are we betting against it? Because we're Redridge Capital, and we like to make life difficult for ourselves. We are expecting an unwinding of long dollar positions based on an acceleration in Japanese CPI and weakening of the USD. If our yen bet pays off, we'll be hailed as financial geniuses. But if we're wrong, we'll be forced to sell our kidneys to cover our losses. The Road to Financial Ruin So, there you have it. Our latest trade is a recipe for financial disaster. And we're not going to sugarcoat it: we expect this thing to go tits up in no time. But that's the beauty of Redridge Capital. We're not afraid to make bold moves, even if they're incredibly stupid. So, sit back, relax, and enjoy the ride as we barrel towards financial oblivion.Longby RedridgeCapitalUpdated 4414
NATGAS Q4 23 - Q1 24 FORECAST : MAY YOUR GOALS BE ACHIEVED 2024 Im expecting price to break $2.7 and drop to $2.5-$2.41 REJECTION from there and will drive prices higher past the high at $3.326 might not break highs and stop midway retracement thats what the yellow line is there forby Bekiumuzi_DubeUpdated 15
Natural gas to plunge to $2.18Weekly POC is $2.18. Another 12-13% downside is coming. Don't get liquidated!Shortby ToshihiroHiramatsu116