Natural Gas Forecast | Price Trend GuideWeekly bounce off 50% fib retracement good sign for the bulls
weekly uptrend still intact, now we have a big enough bounce for bulls to try for the daily uptrend change
TFN1! trade ideas
Natural gas sideways On chart 222.8 level see rejection many time.
Can observe on chart after giving yesterday fake breakout its came to the range were before its price was behaving
Conclusion:- crucial resistance at 222.8 .
If breaks with strong candle and huge volume can see 224/225.
This for Educational
NATGAS: Free Trading Signal
NATGAS
- Classic bearish pattern
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short NATGAS
Entry - 2.564
Sl - 2.662
Tp - 2.431
Our Risk - 1%
Start protection of your profits from lower levels.
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Natural Gas Stock Forecast | Detail Price Level Trend Guide |- Natural Gas Stock Weekly uptrend confirmed still intact
- daily trend change to downtrend
- Structure of the chart is still ok for the bulls if they hold 2.53
✅NATGAS MOVE DOWN AHEAD|SHORT🔥
✅NATGAS broke the key
Horizontal level of 2.670
And the breakout is
Confirmed so I think
That the price will
Fall further down
SHORT🔥
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NATGAS Will Go Down! Sell!
Hello,Traders!
NATGAS broke the support
Cluster of the rising and
Horizontal lines at around
2.695 so we are now
Bearish biased and I will
Be expecting a move down
Sell!
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$4 Nat Gas during the summer?$4 Nat Gas during the summer?
Natural gas prices behave extremely seasonally.
In the past, due to the increasing demand for natural gas to power air conditioners during the summer season, we have noticed that the price of gas tended to increase significantly as the season approaches
Summer this year could be different than usual, with forecasts showing we are set to experience a hotter-than-expected summer spell across much of the continent.
NOAA (National Oceanic and Atmospheric Agency) has announced the arrival of El Niño for June 8, which means higher than usual temperatures in both summer and winter.
Another boon for natural gas comes from Europe.
Due to concern about its environmental impact, the Dutch government plans to permanently close the Groningen gas field, the largest in Europe. This will have a significant impact on gas supply in Europe.
The Dutch government's unexpected decision triggered a wave of hikes in European gas prices, with TTF energy futures surging more than 50%.
NG1
In the short run, prices can continue to fall.
If you've been following my posts, you know that on June 26, I entered into a natural gas short transaction.
After having finished their maintenance work, several manufacturers are back in business and there is the disadvantage of no longer having to face the stifling heat like in the last period in the USA.
On the other side of the world, encouraging news is coming from China with demand remaining robust.
The overproduction of natural gas does not lead me to consider a purchase at the moment. It will take more than three months in extreme weather conditions for storage levels to normalize. While summer demand will certainly be high, winter is still the time of year when US gas demand peaks.
I am carefully following the weather forecast, in order to close the short position in profit. If natural gas prices fall near their yearly lows, I will consider buying if I see forecasts of extreme temperatures to capitalize on a near-term price rally.
Given the conditions of the futures curve, it is not possible to take long-term buying action, as the curve is in contango. This situation arises when the curve slopes upwards and gas prices for future deliveries are higher than the current price. This phenomenon reflects the cost of storing the gas. So if you want to store gas for delivery in August, the futures cost must be higher than the spot price to reflect that expense.
Author's note:
The information and content provided on this site should not be considered as an invitation to invest in the financial markets. The Content is a personal opinion of Mr. Antonio Ferlito.
Do you like Roll coasters- Natgas chart narrated Fill in the last comment bubble....
Have you gone a similar ride before? :D
Natural Gas Forecast | Gold & Silver Analysis- natural gas bulls holding above 2.66
- Natgas resistance at 2.8 & 2.86 zone
- natural gas stock currently in a daily and weekly uptrend.
Bottom break out Here good break out given .
After long fall
Already 236 traget hit..
If sustaining the level 221
Go long by putting sl 217.
natural gas levelsTechnical levels for NATURALGAS (MCX)
==== Technical Levels ====
Buy Above : 227.00
T1 : 232.46
T2 : 237.57
T3 : 239.50
SL : 222.41
Sell Below : 222.41
T1 : 217.46
T2 : 212.58
T3 : 210.76
SL : 227.41
NATGAS Will Grow! Buy!
Hello,Traders!
NATGAS is making a bullish
Rebound from the key
Horizontal level of 2.62
While trading in an uptrend
So I think it will grow some more
Buy!
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Natural Gas Stock Forecast | Gold Silver | Price Level Trend- Natural gas stock negated that hourly downtrend and bulls played defense
- natural gas natgas stock bounced off of strong support and now we have just have to break prior 2.8 high to continue the daily uptrend towards 3
- Gold & Silver Stock Falling Wedge Guide.
✅NATGAS WILL KEEP GROWING|LONG🚀
✅NATGAS has retested the
Horizontal support of 2.65
And made a nice bullish
Rebound while trading
In an uptrend so I think
That the price will go up
LONG🚀
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I love Nat Gas futuresI hope you enjoy this one. I hope it doesn't disappoint. Assuming the future is already known and the drawings are inspired by the future, will the result of this exercise disappoint? If it doesn't disappoint, and it is interesting, what other explanation can there be for this phenomenon? Big Algos controlling the markets? Future already simulated with supercomputers? Then how am I able to draw these charts without any help from external information?
After writing this description I changed my mind. I hope it disappoints. :)
natural gas july futureTechnical Levels
Buy Above: 223.00
T1: 228.34
T2: 233.41
T3: 235.32
SL: 218.38
Sell Below: 218.38
T1: 213.48
T2: 208.64
T3: 206.84
SL: 223.33
NatGas Gold Silver Forecast | QQQ Market Analysis- Natural Gas stock slight red flag today
- Natural Gas NatGas bull break above resistance today with no bull follow through and came below the resistance.
- Gold & Silver Stock Falling Wedge Guide.
- Silver is outperforming Gold and if silver weakens more Gold would likely break bearish through the falling wedge.
- QQQ needs to confirm a hourly downtrend before we can have more confidence that the daily lower high is set. So far bulls played defense and we are still in a hourly uptrend.
NG1! Is Going Up! Long!
Here is our detailed technical review for NG1!.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2.779.
Considering the today's price action, probabilities will be high to see a movement to 2.867.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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natural gas july monthnatural gas july month levels for 26-06-2023
Technical Levels
Buy Above: 224.00
T1: 229.51
T2: 234.59
T3: 236.51
SL: 219.52
Sell Below: 219.52
T1: 214.61
T2: 209.76
T3: 207.95
SL: 224.49
Summer Heat expected to uptick energy demand-good for nat gasHot days mean more Air conditioning, which is good for natural gas since its 40% of electricity generation.
The Nat gas chart has been in a down trend since losing support in fall of 2022.
Will the chart turn directions? Currently its trying to begin higher highs.
NATGAS Will Keep Growing! Buy!
Hello,Traders!
NATGAS broke the key
Horizontal level of 2.679
And the breakout is
Confirmed which reinforces
Our bullish bias on NATGAS
And makes us expect
Further growth
Buy!
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NG1! Expected Growth! BUY!
My dear followers ,
I analysed this chart on NG1!, and concluded the following:
The instrument tests an important psychological level 2.731
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Target - 2.857
Safe Stop Loss - 2.661
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
