LONG call on Natural GasHi All,
Natural Gas had a really harsh retracement in recent weeks.
It is currently oversold on all indicators. Already completed an ABC corrective move.
Perfect entry would be 2.5 $ but we can start dca even from current levels.
TP2 : 7 $
TP1 : 5.25 $
SL : 1.9 $
Risk/Reward : 7.5
Good luck & have fun :)
XNGUSD trade ideas
$Natgas $UNG $BOIL $KOLD Analysis, Key levels, and Targets $Natgas $UNG $BOIL $KOLD Analysis, Key levels, and Targets
Holy Moly…. I’ve been out of natgas for a minute… but at this level I’m going to start accumulating…. Let’s see how we open but I will likely be buying April 21 8 or 9 calls in the morning….
Supported by 5 year volume…
Naturalgas becoming attractive wait for setup LongNaturalgas looks like good play.
Its dropped alot, and is stretched far from avrages for weekly, monthly, daily.
It looks like its finding support and winter is not over in europe or the US.
I will look for a setup and enter next week. You can play UNG to take advantage of the opportunity.
NATGAS - KOGHere we are, just as we wanted, the lower support has been hit and we have a short term support. We need this to push up now....We're in!!
As always, trade safe.
KOG
natural gas at it's historical low, back to 2012Besides the initial fallout of the pandemic, natural gas has never been so cheap against USD-M2 -- Buy when cheap ✔
WHEN it moves, it'll be big, waiting for confirmation
It could drop lower in the very short-term, and after that... balloons
BEWARE THE BEAST
NATURAL GAS: BEARLISH!#NATURALGAS #ShaneElliottWave
NATURAL GAS || 1D Chart analysis || Main wave count || 29 Jan, 2023 (UTC+7)
Hello traders,
That's my wave count for: NATURAL GAS
Timeframe Analysis: 1D
Expect Main Elliott Mode: Corrective
Expect Main Structure: Zigzag
Position: Third wave (black- intermediate degree)
Bullish Bet on Natural GasOversold on multiple time frames (daily, weekly). Bullish MACD divergence, waiting on a follow through. Two daily Hammer candles indicate dip buying. Gaps at 4.398, 6.416.
On the fundamentals side, Freeport LNG has started the re-opening process. I expect a sharp rise in Natural Gas price as it gets closer to fully operational as there's big discrepancy between spot prices in the US and the EU/Asia. Other US export terminals are planned for later this year (Alaska, etc..).
Cold weather in most of the US should increase storage withdraw, though it remains unclear if cold front will persist deeper into February.
See also $HNU, $BOIL, $UNG.
Natural GasCURRENCYCOM:NATURALGAS
Long Setup
Price crosses above, retest and close above 2.974.
Look for long trade setup to 3.648
Short Setup
Price trades down below 2.655
Crosses down, retest and continues downward.
Look for short trade setup to 1.893
Note: This is not a financial advice.
Natural gas retrace to 5$My pervious short thesis turned out to be right. The price dropped basically on political brute-force and I believe it still has another one leg up.
A calculated long position with a stop loss worth's the risk. I am going for a long position and will close below the major obvious resistance
US Natural Gas USDNTGI entered long position at 2.73
Freeport LNG is going to open soon after months of being offline. Export of US LNG to EU will resume which will lower EU prices and rise USA prices.
NATGAS - KOGIf this continues going down we'll be waiting below to test that level!
If you're not used to trading this be very cautious.
As always, trade safe.
Long on Natural Gas Natural Gas has been hammered over the last couple of weeks and It's about time it took a turn to fill in the gaps; beginning with the most recent one yet to be filled.
Strong positive RSI divergence on the daily, alongside oversold hourly, weekly and monthly RSI.
It's still freezing cold with many winter storms across the USA so I can't see Natural Gas being sold for much longer.
What are your thoughts?
second chart is a charm... NG bounce or another free fallSeems like Germany bought at whatever price the Gas was, hence the previous rally, and preparing soon to rebuy (it is still cold in here).
If the 786 fib is not the bottom, i will let this one go and possibly revisit it if my SL gets hit again 2635. ~ DYOR.
note... DXY might also have to wake the hell up (similar trend on both).
