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NATGASMINI1! trade ideas

The Lengthy Wave 4 BeginsWe don't usually advise trading wave 4's as they can get overly complicated, however upon waiting for what should be the minute wave B we are advising our clients to go long as there is an off chance the minute wave C could be a minor wave 3 if the bottom is in. This is not our primary count though and we believe there is one more intermediate wave down to complete the primary wave C. Going long in our green box around $2.4 should provide us with at least 800 points of movement to $3.2 to complete the minor wave A. As always when trading natural gas you have to be prepared for extreme volatility and manipulation so be sensible with your position sizing. Here's a closer look at the recent price action -
NYMEX:NG1!Long
by RAA_Trading
16
What do I mean when I use the word GAPS9.4.23 I know that my use of the word gaps Is a typical And that I am looking for something that's complicated than a simple one bar gap. I know that it has to do with my way of looking at the market to define Buyers and sellers. Buyers are at the bottom trying to push the market higher and sellers are at the top trying to push the market lower... and I am looking for how the market Comes back to retest either the buyers or the sellers depending on how the Market's moving. I view this as more than just one single bar that gaps. I even can call a gap one bar Moving higher or lower and there really Is not actually a gap per se.... it's probably more of a range and a continuation in a certain direction and I would think of that as part of the gap. there's probably a much better way to explain the behavior however from my point of view it's an effective way to determine how markets will auction higher and lower with me thinking about failures of markets to test gaps in either direction that gives me more reassurance on how I can come to a better trade decision. One way I define market behavior can take in the bullishness of a swing that is moving higher that would give me the sense that the market was going to continue higher versus A market that is Moving higher but isn't closing where the market gap lower from the Sellers that changes my perspective that the market may go lower If the current bar Starts moving lower before it can come back to touch the bearish gap that was made at an earlier time. The same is true if the Market's moving lower towards the buyers. What's going on Is that I have a feel for the market as I think it will move and how that will look as I think about buyers versus sellers. And the same thing happens when I use the terminology to bar reversal. this is why I try to show numerous examples in real time as much as possible.If I were younger I would probably have a better way of articulating what I see.
NYMEX_MINI:QGZ2023
by ScottBogatin
NG1! The Target Is DOWN! SELL! My dear subscribers, NG1! looks like it will make a good move, and here are the details: The market is trading on 2.762 pivot level. Bias - Bearish My Stop Loss - 2.837 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 2.626 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. ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Short
by AnabelSignals
11
NG sidelines trend will continue...Natural Gas has been very predictive and consistently trading in the range between 2.45 to 2.9(max $3). - as long as RSI stays above 40 (14day RSI) - NG will be on sidelines with some spikes (based on weekly NG data) - last 3 month contacts ending at 2.55 to 2.6 - Every month on calendar date 14 to 16th it is touching lows and goes up for next week and comes down by the time monthly contact expires - then recovers for 7 days then falls to lowest of the month. - 200 MA still holding up and moving up - 14 and 50 day MA converging and steadying - as long as smaller triangle formation inside the range (2.45 to 2.89) stays - it won't fall below 2.4 or it wont go beyond 3.2 (max). - Given factful data NG inventories raises cooling down every week and temp still stay above avg in US and getting close to winter season in Q4 will keep NG prices volatile but stay in sideline ranges. CONCLUSION : Stick to basics and fundamental principle of technical trading - it is best time in many years to trade NG !
NYMEX:NG1!
by SPXDailyOptions
NG1! Massive Short! SELL! My dear friends, Please, find my technical outlook for NG1! below: The price is coiling around a solid key level - 2.552. Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 2.514 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Short
by AnabelSignals
6
NG1! Will Explode! BUY! My dear subscribers , I analysed this chart on NG1!, and concluded the following: The asset is approaching an important pivot point 2.549 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 2.640 Safe Stop Loss - 2.499 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. ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Long
by AnabelSignals
18
NG1! Is Bullish! Long! Take a look at our analysis for NG1!. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 2.447. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2.551 level. 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. Like and subscribe and comment my ideas if you enjoy them!
NYMEX:NG1!Long
by SignalProvider
8
NatGas - No Moon Until DoomIn mid June, I had made a call that Natural Gas was about to rally, because price action and timing supported a move upwards. Natural Gas - The Girl Who Hopes You Remember Her But that call became abandoned as I enlightened and improved further, and began to note that rallies were sold off and lows kept being taken. The trade degenerated into looking at a sweep over $3 and then a sweep over $2.9, and turned into abandonment. Before we go far, I want to tell you that you need to keep your eyes on the situation with China. The first thing you notice is that the propaganda machine and politicians are rarely going after "the Chinese Communist Party" but are always going after "China." This is very strange. China is the world's only 5,000 year country and holds the largest population. If you think about it even a little bit, the CCP would be so easy to topple, wouldn't it? Considering the Party has killed a magnitude more of its own people in its century of murder than Hitler did among all races during his years of insanity. And the CCP and former Chairman Jiang Zemin have the 24-year persecution and organ harvesting genocide against the Falun Dafa spiritual practice hanging over their head like the blade of a guillotine. You have to keep this in mind and go study it. A really crucial part of the puzzle is that Xi Jinping, for all the criticism and targeting he gets/deserves, has never persecuted Falun Gong. Instead, Xi's Anti-Corruption Campaign has been killing and ruining the Jiang Faction minions who have conducted and operated the persecution. Xi has even protected Falun Gong in Hong Kong after fortifying his rule there with the National Security Law following the 2019 Heaven Will Eliminate the CCP protests. All of this matters very much to the fossil fuels industry because there's a relationship between China and Russia, both in terms of production and demand, that changes greatly if something like the Ukraine War ends or drama over Taiwan suddenly enters nuclear brinkmanship. Looking at current monthly bars, Natural Gas shows some kind of "Bear Flag." What you're seeing, really, is an extended consolidation. This is actually potentially really bullish, to the upside, but we need price action to confirm it's time to go. Unfortunately, July did not show us this. The sweep of the $2 point and the lows in April was not enough to springboard the move, and that's really telling. While many may tell you that natural gas is obviously going to a zero-handle, a look at the yearly bars shows such a thesis really does not make sense. To the contrary, the 2020 pivot should, actually, hold. A classic super long term breakout and retrace. Moreover, $10 was printed for literally one day in 2022, and that's very strange. The problem with the moon turning full right now, is shown on 3 month candles, where this current little red blip only has one month left. This is not a bullish continuation. It's important, in a bullish scenario, to see volume come in and price action to correspondingly reflect that producers want to sell at higher prices and will orca the waves for us normal people. Moreover, in terms of the overall markets, as I post in this week's SPX call, we may be watching the equities/indexes bear market rally top for real. SPX - The Sound of a Shattering Iceberg As for what might be the news driver that harbingers the correction, it may very well be one of the 10 largest banks in America dumping for whatever reason emerges (watch out for commercial real estate): Charles Schwab - The Harbinger Of The Next Crisis? I also posted last week that it seems to me oil is about to head for a literal 3-handle. Oil - A New Long Leg Down Soon Begins And because we have problems with "Taiwan," which is to say the International Rules Based Order's desire to take over China via Taiwan while the Chinese Communist Party falls, I also believe that Taiwan Semiconductor (TSM) is set up as a probable long hedge through to the end of the year and into 2024: TSM - Taiwan, Your Semiconductor Long Hedge Now, in terms of natural gas ranging like it has, sharply dumping, and then beginning a new and major bull impulse, this is not without grounds, for this would be a fractal of the 2020 COVID dump-to-recovery play that saw a doubling into year end: If this were to play out, we'd see something like $1.60 natural gas into $4.8 by the end of the year or Q1 2024. After that, we may really see prices that exceed $10 and begin to flirt with all time highs at $15. The fundamental factors that would cause a 10 bagger on a commodity that literally equates to most of the world's electricity production are fairly significant. Especially considering "climate change" (lol "climate boiling") is attempting to be used as the pretext/excuse to export the Jiang-CCP Zero COVID social credit system worldwide in a way that far exceeds what was done during the pandemic. And so for the call, I would say the "short signal" with the markets hanging out in thin air at present, while we're about to begin a new quarterly shift, is a break of the $2.4 level. You'd want to short that break with a target meaningfully under $1.8 and then cover it without getting greedy. At that point, it's time to look for longs, and if you're a long term position trader, this may be one of the best opportunities you'll come across. But it may not really unfold until next year. And this assumes that my analysis is correct. Right now, daily price action is just showing failure swings, but nobody has stepped in yet to give it the push down the stairs it really needs.
NYMEX:NG1!
by LordWrymouth
32