Natural Gas | Oil | Dollar | Silver | Gold Price ForecastNatural Gas | Oil | Dollar | Silver | Gold Price Forecast
NGV2030 trade ideas
Natural Gas: The Bearish Plunge Before the Meteoric AscentSince its recent peak in August 2022 at a price of $10, natural gas has embarked on a substantial corrective journey. From an Elliott Wave perspective, this move is shaping as an ABC correction. The initial A wave was a sharp decline, followed by a rebound to the $4 level, forming the B wave. This B wave unfolded as an expanding flat correction, demonstrating classic technical patterns.
Looking ahead, we foresee the next leg—a wave C—continuing its downward trajectory, potentially reaching a pivotal low of $0.77 around September 2025. This anticipated level aligns with critical technical support and could mark the completion of a major corrective phase.
Following this projected bottom, we anticipate a robust reversal, with natural gas prices breaking above $4 and potentially revisiting the $10 mark by 2026. This long-term outlook highlights a significant investment opportunity for traders and investors alike.
Key Takeaway: The path to $0.77 presents a bearish scenario in the short term, but the rebound promises a game-changing bullish outlook, with substantial growth potential for those who time the market right.
Invalidation Level: Any upward breach above the $4 mark would challenge the current bearish wave count and require a reassessment of the analysis.
Bullish on Natural Gas - January 280 Call OptionSummary: I'm bullish on the Natural Gas January 280 call option. Here's my trade idea:
Current Price: Closed at ₹24.76 on December 27, 2024.
Entry:
Best Buying Price: Aim to enter below ₹18.80 for optimal risk-reward.
Target:
Price Target: Looking towards ₹37-₹40.
Rationale:
The current market conditions suggest potential for an upward movement in natural gas prices, supported by seasonal demand increases and possible geopolitical tensions affecting supply.
Technical analysis indicates a potential breakout if the price sustains above key support levels.
Risk Management:
Set a stop-loss just below ₹16 to minimize potential losses if the market moves against the position.
Position size should be managed to ensure the trade aligns with your risk tolerance.
Time Frame:
This trade is for the January expiry, giving us a tight window to capitalize on the expected price increase.
Disclaimer: This is not financial advice but a personal trading idea. Always do your own research and consider your financial situation before trading.
Let's see if we can catch that wave up to ₹37-₹40!
Nat Gas Monday 23 DecToday was the day for swing traders. There come some days when you can't help but make money. The market opened with the gap on the upside, stayed sideways for a while then started creeping down. At one point selling pressure was so high price hardly rallied. For swing traders, this was that day of the month. For scalpers, it was business as usual.
But the interesting thing about today is that volatility was high. It was no big deal cause the targets were also big. As long as the price is above 300 big swings are here to stay. Prepare yourself for big swings!
See you Tomorrow.
Natural Gas | Oil | Dollar | Silver | Gold Price ForecastNatural Gas | Oil | Dollar | Silver | Gold Price Forecast
NATGAS My Opinion! SELL!
My dear friends,
NATGAS looks like it will make a good move, and here are the details:
The market is trading on 3.749 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 3.574
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
NATGAS: Short Trade with Entry/SL/TP
NATGAS
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell NATGAS
Entry - 3.749
Stop - 3.948
Take - 3.376
Our Risk - 1%
Start protection of your profits from lower levels
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Has been going down for a while now.We've been consolidating near the bottom for a while, and the setup looks promising for a breakout. Fundamentals support this: energy demand is rising, and commodities are becoming increasingly scarce. Technically, we see a double bottom and a head-and-shoulders pattern. Price action is tightening into a pennant-like formation, suggesting an imminent move.
Nat Gas Wed 18 DecScript opened with 5% gap on the upside, which was a surprise for awing traders who carried short position on tuesday. It remained irritating till 7 pm. Once the hope of filling the gap vanished it started creeping on the upside but it wasn't enough to cover the losses incurred due to the gap.
As always market favoured scalpers. Fluctuations were big enough to make money. Scaling in was a bit tricky though for someone who trades manually cause movements were quick. Overall volume was good, getting orders filled wasn't difficult.
Don't carry long positions today. Most of the time market tries to fill the gap of the previous session.
See you all tomorrow!
Nat Gas Monday 30 DecThe script was volatile as expected. An increase in volatility says a lot about fear in other markets. The margin is quite high. Making money is easy but this is not gonna happen every week or every month.
Nat Gas Thursday 26 DecPrice is trading in a new territory. The margin required to enter into a trade has increased as the price has increased by 70%. Now you can't buy big quantity as fluctuation has risen, thus making stop loss quite large. So if your risk appetite is not that big you should think of bringing down position size. But if you're greed driven person this is your moment. You can make big bucks by trading just one big contract without scaling into a trade. Just keep trailing your stop and the rest will be taken care of. Fluctuations are big but it only happens at the end of a trend.
One more thing if you trade just to make money then this market is not for you. You don't belong here. Go someplace else. There are million ways to make money. Pick one and love it.
Nat Gas Tue 24 DecThe script has become quite volatile. Traders unfamiliar with this volatility or used to the equity market will lose their minds. Nat Gas has crossed the 300 mark and now the nature of the beast has changed. And it is going to get worse and if you're a price action trader then you're going to have a hard time making money. Cause fluctuations are not backed by logic or valuation but by fear in other sectors. People who have studied this market for a long and dedicated their energy and time to this script are going to survive, other traders are going to lose their money and mind eventually. I'll only say "Go back to your playground".
Whoever has dedicated themselves to this craft is going to make money even in the worst conditions. Goodbye and happy trading!
How This #1 Chart Pattern WorksIts been a crazy week as the markets are cold
going down into a bear market.
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Now look at this pattern
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According to chart patterns on NYMEX:NG1!
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Nat Gas Friday 20 DecOpened with a gap of 3% on the upside. The start wasn't that good. A couple of losses were incurred at the beginning. But covered in later trades. Credit goes to "adding to the winners".
XNGUSD was sometimes leading and sometimes lagging. The script gave retailers ample amount of time to think. Even though the direction of XNGUSD and Natgas against the rupee was the same there was some price slippage. Due to this getting to the conclusion was a bit tricky.
As always scalpers must've exited with some profit.
Natural Gas !! Bulls are Still on the Road.How's the Josh trader ??
Natural gas has a Good Setup... I am extremely sorry to update so late, I am holding it 225 Levels and I am expecting it to go towards 370-375 Levels.
As we Can Clearly see on Chart ... Natural Gas is on the rally towards Wave 3 ( Wave 3 is the longest in Impulse Wave ) so I am Clearly Betting towards 370-375 Levels.
SO,
LONG NATURAL GAS @ MARKET PRICE
TARGET @ 370-375
STOPLOSS @ OPEN
NOTE : THIS IS FOR EDUCATIONAL PURPOSE PLEASE REFER TO YOUR FINANCIAL ADVISOR BEFORE TAKING ANY TRADE
Have A Good Day Traders.
Nat Gas Thursday 19 Dec Even though Script opened with a 3% gap on the upside, the day was quite rewarding. Movements weren't that quick so trading manually wasn't that difficult. Buying on dips and selling on rallies was the name of the game today.
It started creeping on the downside for some time but that turned out to be a temporary fall. The Market gave abundant opportunities to cover the losses.
Whoever trades moving average crossover might have lost money due to the choppiness in the market. The day rewarded someone who doesn't act on FOMO. And punished those who can't handle big but temporary drawdowns.
That is it for today. Hope whatever vehicle you trade has paid you handsomely. See you all tomorrow!
Nat Gas Tuesday 17 Dec Script was quite good for scalpers till 6:30 pm, after that long stoploss orders got triggered. Selling was quite sharp and rally was shallow. It was a day for short sellers or should I say opportunists. I'm calling it a day now. Happy trading!
At support Natgas is trading inside the channel with strict resistance at 3.4 If breaks, 4 dollars is in cards.
Natural Gas | Oil | Dollar | Silver | Gold Price ForecastNatural Gas | Oil | Dollar | Silver | Gold Price Forecast
NATGAS: Bullish Continuation is Expected! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the NATGAS pair price action which suggests a high likelihood of a coming move up.
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NATGAS Will Explode! BUY!
My dear followers,
I analysed this chart on NATGAS and concluded the following:
The market is trading on 3.268 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 3.355
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
6 & 12R trade on Natural GasExpecting a continuation of the current upward trend.
I think this is a high probability trading opportunity.
Natural Gas Breakout From TrendlineNatural Gas (4-Hour Timeframe)
Pattern Formation:
Falling Trendline: Price is testing the descending trendline, signaling a potential breakout.
Supply Zone: A supply zone is visible around the 277-281 levels, where price action could face resistance.
Support: 259-260 zone, acting as a strong base.
Immediate Resistance: 277-281 supply zone.
Targets Upon Breakout:
Target 1: 276
Target 2: 279
Target 3: 281
EMA Support: The price is holding above the 55 EMA (266.7), indicating potential bullish momentum if sustained.
Outlook: A break and close above the supply zone could trigger a bullish rally.
Failure to break the trendline might see a retracement back to the support zone.
Risk Management:
Stop-loss should be placed below the 260 support zone for bullish trades.
Disclaimer: This technical analysis is for informational purposes only and is not financial advice. Always trade responsibly and manage your risk effectively.
