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NATURALGAS trade ideas

Natural gas will go higher!So, we are back with another trend analysis and new support/resistance levels. We have had a major pullback from our latest resistance level of 3 back to around 2.8~. Which is fine, its natural. But I still strongly believe in a major bull run and upside in natural gas, which is why I believe we have to go higher, and we will in the last 2 quarters of 2023. We have resistance level around 3.3~ - this was tested back in October/November 2020 and most recent around January 2023. This is my first target price (TP 1). What happens after this is hard to guess at this point of time. Will we have another energy crisis? What about the war in Ukraine and Russia? My best guess is that we will go higher after reaching 3.3 – but only time will tell. Let me know what you guys think! Good luck!
CAPITALCOM:NATURALGASLong
by Hvalp
7
NATURAL GAS, Century Descending-Wedge Breakout Incoming!Hello, Welcome to this analysis about Natural Gas and the monthly timeframe perspectives. Natural Gas over the last times as I discovered has built a massive formation which will be an important source in the upcoming times and especially when it completes the developments happening after the confirmation will be huge. Besides that, there are also other fundamental factors that play into a potential bullish increase and the developments that can be seen in real price-action. Therefore I am looking at all the important levels and upcoming determinations we should consider with Natural Gas's established structure and the upcoming movements ahead of the next times. Structural Technical Developments: As when looking at my chart we can watch there how Natural Gas has formed this major formational structure with several bounces to the upside from the lower supports every time holding these supports and increasing with volatility and volume which is a good sign for stabilization. Furthermore mainly Natural Gas is forming this massive reversal formation, this formation is a descending-wedge-formation which is known as a solid bullish reversal formation. Natural Gas already managed to complete the coherent wave-count from A to E in this formation and is now penetrating the upper boundary of the formation with the recent bullish move. Besides that Natural Gas is now holding above the 35-EMA in red and the 100-EMA in green which it had previously as resistance and is now appropriate support. Upcoming Perspectives And Fundamentals: Taking all these factors into the consideration this formation has a good potential to complete in the upcoming times which will happen with a final breakout above the upper boundary, this will complete the formation and will also activate upside targets marked in my chart within the 10 areas. From a fundamental perspective, there is the thing with governments altering the gas price higher with setting taxes and extra fees on the gas because more and more governments looking to increase renewable energies these are measures actively taken by governments to switch from fossil energy to renewable. This is why the actual gas price will go up higher in the next times to come as the regulatory body step by step is setting the price higher which is also corresponding with the technical development suggested, therefore the bullish case has an increased likelihood here, it will be an interesting journey ahead. In this manner, thank you for watching my update-analysis about NATURAL GAS and the main descending-wedge and its breakout likely to emerge in the upcoming times, great when you support it with a like and follow or comment for more market insight! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the market.
N
by VincePrince
7
NATURALGAS - Aggressive Short Term ShortUltimately I am bullish on Natural Gas in higher time frame and so this is quite an aggressive short trade. But that said it appears quite obviously to have completed AR Automatic Rally as a bearish ascending channel with overlapping highs revealing upside weakness. This next wave down would complete ST Secondary Test . There is high liquidity below the low @ $2.061 and that will attract price. There is a reasonable that it will print a lower low to tap the liquidity and print ST. And so a big shakeout dump is probably coming. Currently it is pressing down on the 50 day MA and will likely fall through soon. There is a little upper wicked shooting star candle and the selling pressure in that area gives us a clue that upward momentum has been halted and we're close to the next move down. The star candle allows quite a tight stop loss just above and so margin can be increased for this trade. 3 targets for this trade: 1st target is the 0.618 retracement: 2.393. This is a 2.6:1 RR trade. 2nd target is the 0.786 retracement: 2.241. This is a 4:1 RR trade 3rd target is the low: $2.061. This is a 5.6:1 RR trade. SL: 2.781 TP1: 2.393 TP2: 2.241 TP3: 2.061 Not advice
CAPITALCOM:NATURALGASShort
by dRends35
8
Natural Gas - Creeping higherNatural Gas is looking to make its highest weekly close since February, earlier this year. This would be an extreme bullish shift in the overall Gas market. If we get a new weekly high close, this will likely trigger some energy funds to start accumulating on the long side. Inventories tomorrow is going be crucial for the price action. We could see a technical weekly breakout of this basing formation if the builds come in lower than expected. Unlike the last time in February when we approached these levels we are doing it at a much softer rate of change move, which means there's a high chance that this could be a sustainable breakout.
CAPITALCOM:NATURALGAS
by Trading-Capital
2
NATGAS LONG TERM TRADE analysiAug 27 Hello Traders In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET today NATGAS analysis 👆 🟢This Chart includes_ (NATGAS market update) 🟢What is The Next Opportunity on NATGAS Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
FXOPEN:XNGUSDLong
by ForexPlanet20
Natural Gas: Potentila Small Double TopNatural Gas: Potentila Small Double Top During Friday and the NFP data the price moved down by confirming a small double top pattern. However, it is very risky because the speculative volume is very high with NG. If the price will hold below the neckline of the pattern we may see NG moving down further. However, this movement was also in line with the bigger picture and the chances are higher that it can move down further. Thank you and Goo Luck!
CAPITALCOM:NATURALGAS
by KlejdiCuni
1
NATGAS LONG TERM TRADE analysiAug 27 Hello Traders In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET today NATGAS analysis 👆 🟢This Chart includes_ (NATGAS market update) 🟢What is The Next Opportunity on NATGAS Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
PEPPERSTONE:NATGASLong
by ForexPlanet20
NATGAS LONG TERM TRADE analysisHello Traders In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET today NATGAS analysis 👆 🟢This Chart includes_ (NATGAS market update) 🟢What is The Next Opportunity on NATGAS Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
FXOPEN:XNGUSDLong
by ForexPlanet20
Is the Price of Natural Gas Forming a New Trend?The US Energy Information Administration said on Thursday that natural gas inventories in US storage rose by 18 billion cubic feet in the week ended Aug. 18. That was below the 29 billion cubic feet increase forecast by analysts polled by S&P Global Commodity Insights. It is possible that market participants thought that insufficient filling of storage facilities will lead to a rise in gas prices in the coming winter. According to the forecast of the International Energy Agency (IEA), the price of gas will peak at USD 3.44/MMBtu in December 2023 (approximately +36% from current levels). The natural gas price chart shows that: → in July-August, a series of rising supports was formed; → the peak of August is higher than the peak of June, which in turn is higher than the peak of May. A sequence of higher extremes could indicate that the market is in an uptrend that could bring the price closer to the IEA's price targets. The nearest resistance on this way is the level of 2.78, which in July-August repeatedly influenced the price dynamics. 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.
FXOPEN:XNGUSD
by FXOpen