Nat Gas looking for a final push down to 150? Nat Gas had a nice long trade off the low but did not hold . Ill be watching for a retest of the break down and failure down to 150.
NATGASUSD trade ideas
XNGUSD, Daily
Natural gas is moving in a confirmed downtrend, being pushed by a lack of demand and short selling. The level of $2 is considered a fair price according to the STEO forecast from the Energy Administration of the United States, so this level might be used as a target.
Bullish Outlook: UNG Prices Surge Amidst Anticipation of Record In the wake of widespread winter weather last week, the volatile natural gas futures front month, specifically the expiring February contracts for UNG, are witnessing a robust uptick.
Traders are eagerly anticipating a potentially record-breaking storage withdrawal, adding fuel to the bullish sentiment.
The market's sharp rebound in early trading on Thursday reflects the optimism surrounding the impending storage pull, setting the stage for a significant uptrend in UNG prices.
Investors are closely monitoring the situation, poised for potential gains in the midst of evolving market dynamics.
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Flush and pump!Last Friday eve,I was checking this chart and the flush seemed to be on the cards..it happened..reaction has been monitored and now bullish momentum in the breaker box needs to be seen...Risk management..GL
NATGAS FORECAST Q1 2024 : PRICE HIKE ANALYSISWas requested so i just technicaled it ya know
my leads wouldnt want me to say more
Natural gas short, short term, then bullish longterm. Looking at a cycle analysis and elliot wave pattern it looks like the natural gas is going to go down in a wave 5 during february and mars. Looking at the cycle analisys and at the fib levels it also adds up.
I think that the biggest players wants to grab as much liquidity as possible before entering long again, and is therefore pushing down the prices. If you look at the volume it also looks like that.
The winter was warmer than expected and it isn't going to be much colder or hotter in the next few months due to the global warming. This summer will probably hit new records of high temperatures which will drive up the prices again.
This is only what I think, also analyse at your own of course.
NatGas bottom is in.NatGas breaking the 2.2 level is certainly the call for me to enter a long position. I believe this is well under as it wasn't that long ago we were floating around the 8 mark. Over the next two months I expect it to make a move towards the 8although I think it will stall around the 5 mark and consolidate for a short period while people take profits.. Before pushing up to the TP of 8.
NatGas UpdateNatural gas. I'm just counting waves, trying not to pay attention to reports of a warm winter and general pessimism.
I correctly predicted the recent top, but I did not expect the price to fall so low. In retrospect, it appears to be fine from a technical standpoint, despite some disproportions on minute timescales, but hey... it's gas. It is frequently disproportionate and volatile.
Good News: Natural Gas is down 65% since April 2010The good news about Natural Gas is after adjusting for inflation, but still it is positive when the price of energy is low and affordable for consumers. We have a lot of natural gas in the USA and when the price stays the same and inflation makes your wages and income go up and makes the affordability of energy go up as well.
It is easy to remember the headlines about high prices a year ago and before on the Government lockdowns and supply chain disruptions (which continue with the Panama Canal and Suez Canal disruptions), and yet the drop in price isn't covered much by the media.
Our electricity prices were raised here in Connecticut because Natural Gas prices had soared to such high levels but the new rate agreement wont get set for quite some time, which means we are locked-in paying the highest prices for electricity when NatGas was $9 and now it is $2.
Prayers for prosperity in 2024 for all.
Tim
Tuesday, January 23, 2024 12:19PM EST
XNGUSDThere is a two probability indicating as per my setup.if breaking below 1.65 wait and watch market moment
NATGAS: COINCIDENCE?Hi guys, I dont remember if I published this idea yet, anyway the pattern after this low gap it seems the same.
Let's see if oligarchs will leave EU one year without ultra pay their bills.
NATURAL GAS - Only Way Is Up!From a technical standpoint, Natural Gas is currently at levels where there's very very limited downside and major potential for upside.
Many times when we've seen prices come to these lows, price shot up hundreds of %. It's unlikely that we'll hit 0 and therefore balance of probability suggests that going Long on Natural Gas would be a good bet!
Trade Idea:
- For a safe entry, enter on break of the red trendline
- For a risk entry, look for buying opportunities anywhere between the region of 1.6 and 1.8
- stops below lows after the red trendline breaks
- Targets: 3.5, 6, 10
Goodluck and as always, trade safe!
Natural Gas Double Bottom Oversold Stoch RSIDouble Bottom Oversold Stoch RSI. The technical analysis indicates a Double Bottom pattern along with an Oversold condition in the Stochastic RSI. This combination suggests a potential reversal or a bullish momentum in the market. The Double Bottom pattern is characterized by two consecutive troughs at approximately the same price level, indicating a possible trend reversal from a downtrend to an uptrend. Additionally, the Oversold condition in the Stochastic RSI suggests that the asset may have been oversold and could be due for a price increase. Traders may interpret this as a signal to consider buying or taking a bullish stance in their trading strategy.
Natural gas demolishing the bulls!We have been consistent with our calls on this commodity.
We warned you of lower price action to come and it has come!
new downside levels have been calculated that Nat gas breaks the $2 level.
We should see an intraday bounce tomorrow for a nice day trade move.
NATGAS LONG TERM TRADE analysAug 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
Natural Gas - LongHi all,
Big long opportunities are araising in natural gas.
Now there are still a big selling pressure and roon for the RSI to get the oversold area. So in my opinion 2.131 is a good level for start buying. But the desirable level is the 1.643 and it can be reached as there is no clear pattern for revesal trend.
Nevertheless both levels are good as it can provide a good Risk Reward Ratio, considering the 2 potential targets (3.42 and 5.349) indicated.
good trading! :)
Natural Gas buy area Nnatural gas buy to resistance area only that show on chart.
rules: If price goes down on buy area then entry for long and stop loss is below buy area.
Natural Gas Buying Trade IdeaPlease follow the plan, must put handsome risk management plan on your trading plan.
1:3 Risk reward ratio is good must trade according to your plan.
NATGAS TO $4.50! MAKE LIFE EXPENSIVE AGAINDada putin will give more sanctions and NATGAS will react. Major bankers use quantum computing and crazy algorithmic models to predict but it's actually way easier. The BRICS has plenty of gold and oil to sustain their native (ruble) fiat currency and there is no need to lower the price of NATGAS.
I am a technical trader but on NATGAS it's the same as placing a bet at the bookies, so start buying at range lows or premium and look to sell natural gas near $4.50...
Don't fade the obvious, much love.
Nice OppurtunityI dont think I will even use SL if it comes to my enter level... It is great oppurtunity for long position.
Natural Gas RunA simple idea for a bullish long run with 3 icons as price predictions. These can be traded in advance if a candlestick pattern signaling a potential turnaround and the price position relative to the next target/icon, presents a good opportunity regarding risk/reward.
The rectangles are zones of influence which can become support, resistance, or consolidation.
Trade with good risk assessment and may the profits be with you!
