PEG1! trade ideas
Nat Gas Trade... July 18 2024I looked at this trade yesterday, and think we are at a good entry point. The last contract rollover was Wed June 26 and it was above $2.80. Nat Gas is now trading at $2.08 and the next rollover is July 29th. I suspect Nat Gas can rise going into that contract.
Here is a longer-term chart,
There is a Leveraged ETN in Canada that I like to trade (already up 5% from yesterday's low), and one for the US which doesn't have as much leverage... else Nat Gas producers is an option.
Hurricane season is coming which could shut down production, so inventory has been high, thus the low price, but I suspect this low price can't stay low for too long, maybe a few more days down here, and then start to rise next week.
There is a big gap between 1.60 and 1.98, which is a concern, and usually, markets like to fill the gap, but based on the technicals, we hit the bottom of the Bollinger band and the price is due for a bounce going into the end of July Contract rollover.
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Natural Gas Approaching Seasonal Growth PhaseNatural Gas is entering a period where its price tends to grow exponentially until October. We have identified a potential Demand area with a trigger price at $2.20. Given the favorable conditions and the seasonality trend, we see an opportunity for a Buy Limit order. With a reward potential of 2X, this setup offers a promising risk-to-reward ratio, making it a compelling buy opportunity.
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Will natural gas prices reach $3 again?If you would like to be notified whenever I post a new article, just click “FOLLOW” at the top. Also, if you would like to elaborate on a particular topic or need some advice, please comment below the article and I will be happy to help.
Will natural gas prices reach $3 again?
U.S. natural gas futures have been falling for the past two months and are approaching lows of $2.2/MMBtu. This is due to rising production, reduced gas trade with off-line LNG export facilities, and rising inventories. Gas production in the lower 48 states reached 102.4 bcfd in July, up from the low of 99.5 bcfd recorded in May.
Despite the record heat, inventories of Future Natural Gas - Ago 2024 (NGQ4)continue to be high and storages are still full.
While the summer heat is forcing much of the United States to burn gas to cool homes and offices, Hurricane Beryl has put pressure on energy demand, causing blackouts for millions of residents.
As a result, demand for cooling systems decreased to causing a large surplus of gas remaining in storage.
One of the side effects of the hurricane was the closure of a major gas export facility, FREEPORT. This led to an oversupply in the gas market because it could not be transported to other areas.
The hope of the bullish is that there will be no other hurricanes to affect the demand for natural gas.
In the long run, there is a positive element to consider: more and more producers are closing their extraction wells because of low gas prices. This should, in theory, lead to a balance between supply and demand by 2025.
To get a comprehensive view of the gas market, we will analyze one of the largest producers of this fuel using TRADING VIEWV, which provides us with essential data to make well-informed investment decisions. With this reliable source, we will be able to make smart choices.
EQT Corporation (EQT) is an integrated energy company operating in the Appalachian Mountains, providing natural gas through production and gathering, distribution and transmission, and energy conservation solutions primarily in the eastern and western coastal areas in the United States.
You can see from the pictures that the stock is currently undervalued according to TRADINGVIEW's calculations. This could be good news for investment in the natural gas sector.
According to my forecast, gas prices will rise to around $3 in the coming months unless there are problems with production and destruction facilities.
We look forward to seeing you in the next article! And remember, for successful trading always rely on TRADINGVIEW: an indispensable tool that can help you avoid serious mistakes during your trading.
NG - Oversold and due for a rallyNG at this stage is way too oversold and the current price makes no sense at all. When storage was constantly on the rise, we were sitting near $3 and now its slowly coming back to the average and we're down to below $2.5?
Plus hurricane season is on early and the heat to push demand up.
Oh and its an election year as well
Buy @ $2.46
SL - $2.21
Target 1 - $3.2
Natural Gas Momentum ShiftWatch how TrendCloud lines up this momentum shift on Natural Gas.
4 hour chart: Trend and Momentum are both red, and breaking structure to the downside.
1 hour chart: Trend is down, so TrendCloud turns everything red and shows you a crossover signal. CCI is also below -100
15 min chart: TrendCloud Entry signals start flashing. At this point you can take the trade.
Follow along for more setups with TrendCloud by clicking the link in my profile.
Nat gas CME gap approaching - $1.8 - $1.9 key levels to watchNatural gas will probably end up filling CME gap or even running through it. Seen it several times before and because hedge funds have added more aggressive shorts in the last 2 weeks, this seems even more likely.
#natgas #boil #ung #unl #kold #gas #oil
NATGAS My Opinion! SELL!
My dear followers,
I analysed this chart on NATGAS and concluded the following:
The market is trading on 2.313 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.282
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
Natural Gas giving mixed signals The 4-hour chart is down and hitting new lows. However, we see strong "upward" momentum. hhmmmmm?
We also see a trend reversal on the 1-hour chart with strong CCI readings above +100
Because of this, we can no longer take any supply zones short.
(see trade plan in my profile)
Use your trading strategy only when trend and momentum lines up across multiple timeframes and you will be so much happier.
Right now we have 4-hour momentum and 1-hour trend going up. So this could be the very beginning of the new uptrend.
Let's see if we start breaking previous highs on the 4-hour.
Gassing Upcheck out some of my ideas. also I don't take every trade idea that you see here.
these are assumptions before price action completes and confirms.
I am not a professional trader nor am I technical . all ideas are based on what I understand price to be. when I see certain confluences that aligns with my trading strategy, I then look for my opportunity to enter trades.
Good luck and happy trading
Natural gas - expect one last crash before upsideThe latest CBOE data shows that hedge funds and large speculators have increased their short positions.
This usually means that there will be a large drop coming in the next few trading sessions.
Retail traders and non-commercials are 84% long and 16% short. This means that there is plenty of liquidity to grab in the $1.80 to $2.10 region.
I'm not saying $1.80 is likely, but too many traders are disregarding it as a possibility. I still think one more dip to $2.10 is the most likely scenario given the futures data.
Natural Gas Supply Zone Update!!!Hey Gang!
We have a NEW supply zone on both the 1 hour and 15 minute charts.
Notice how the CCI on the 1 hour (middle chart) dropped below -200 and remains below the zero line!
We also have downward momentum on the 4 hour chart!
So what the heck does that mean you say? It means Momentum and Trend are in the same direction across multiple timeframes!
We should expect the price to hit that 4-hour market edge... And it might even go past it!
NATGAS Sellers In Panic! BUY!
My dear friends,
Please, find my technical outlook for NATGAS below:
The instrument tests an important psychological level 2.330
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.358
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Natural Gas Trend Reversal PatternHere are the steps to ANY trend reversal.
1. Look for an extended trend that is in its 5th wave.
2. Use an exponential moving average crossover to make an objective reversal signal (black plus sign)
3. Pivot candle formation
4. Break of the previous structure high
5. Formation of new structure high
6. CCI breaks above +100
7. Apply your favorite trading strategy to enter the trade
Comment below and share your favorite trading strategy :)
Natural gas - liquidity grab and volatility comingNatural gas continues on a downward trajectory while majority of retail traders continue to add to their losing long positions.
Hedge funds and large speculators have been net short since mid-May and according to the last CBOE report, have not backed off in their views.
The lack of volume signifies that the final grab for liquidity has not occurred yet.
NATGAS: Long Signal with Entry/SL/TP
NATGAS
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long NATGAS
Entry Point - 2.330
Stop Loss - 2.196
Take Profit - 2.580
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
Natural Gas Run To Continue?
Natural Gas futures have had a tremedous run from the basing action ending in a final test of the recently lowest sequence number 9. From here, prices have climbed significanly. Prices overextended recenty and now there is a consolidation, if not small pullback in progress.
A sequence count down of 6 might be such an entry point. Let's watch this unfold. There could be an interesting short-term bottom next week.
