possible short positionafter a series of lower lows and lower highs the trend remains intact with a possible entry for a short positionShortby adeelaftabUpdated 0
OG1!10.24.22 OG1! Natural gas found the bottom and a reversal it should be along trade with a small stop. The market is framed last week, and then the market moved a little bit lower on Friday, and today It gapped higher. This appears to be a long trade with a small stop. We talked about deformations and the likelihood that the market should move higher from the entry, at least for a while.06:56by ScottBogatin6
Natural Gas, maybe the last long swing tradingnatural gas is risky and high volatile. A simply backtest on seasonality over the last years is not sufficient. But I note now an interesting technical convergence to a dynamic support since 2020 and Fibonacci Level (0.618) retracement of this last uptrend. Maybe it could be the last long swing trading if chart will confirm that by giancarlopagliaroli7
NATURALGASNATURAL GAS Target Done ✅😍 AS I share before Gongratulations for everyone who take this large profits don´t forget like and support.I will be gratful👨💻 Thank you🙏by Hamzaelghandori22212
Ultra Short Term and Mid Term view of NATURAL GAS NG UNGTickers: NG1!, UNG Short term view: We are finding weak support at $4.90 level on NG, or $17.50 on UNG. We are in overall BEAR BIAS MARKET (even with the short term uptrend in the larger equities and bond market) so we will retain the retracement from the SELLERS perspective. We find a strong case to take profit at $5.20 (NG1!) or $18.15 (UNG) TP1: $5.20 (NG1!) / $18.15 (UNG) TP2: $5.35 (NG1!) / $18.80 (UNG) There is a possibility if the market exuberance continues, we can consider a mid-term view of NG MIDTERM VIEW : SHORT TERM VIEW: Longby rook2pawnUpdated 336
NG - A Sad DayThe past set of trading days has been horrendous for the value of natural gas. I posted an earlier idea that suggested natural gas would rally before bowing to the overall negative trend. It opted to instead decline further. Right now we are at the key $5 level. If you go back on the chart (it hasn't been to this level for a while,) this level serves as major psychological resistance. At this point, it looks like a "falling knife" where there is absolutely no visible upside. You may want to wait for some sort of reversal pattern before going long, but it could happen here. If you want to go short, you may want to wait for some sort of pullback as well. Breaking through this support level of $5 would also work. If it does bottom here, you can expect further upside as it will look somewhat like a double bottom pattern with the $5.5 earlier. These levels are also starting to get back to more "natural" prices for natural gas. If you think that the geopolitical mess or upcoming winter will be especially bad, this would be a generally good place to accumulate it. If not, wait until unnaturally low prices to buy. For instance, around 2020 it hit $1.85. Two years later, it briefly touched $10. Now, it is in the middle of that range. Personally, it looks to me like a late 2005 pattern where it spiked, came down, and then came back up and made a head and shoulders pattern. Back then, it came back to where it had been immediately prior to the spike, which was about $6. You can probably expect about $3 or $4 if this is any sort of guide. Overall, you should be able to finally catch some sort of profit going long. This sort of point where everyone has given up can offer a great (though it may be a short-term) opportunity.by roxythetradermage0
Natural Gas: bullish reversal soon?We have a bullish reversal in the weekly and daily RSI. There is a possible expanding triangle in the daily chart suggestion on more wave up. Current price is at a possible resistance--support level. Watch for price action to support this idea this week. If confirmed I personally will be using UNG ( 1 x natural gas) and EQT (major USA gas producer). As always: process your way as everyone's analysis is wrong as times. Have a great week. Feedback always welcome. Longby goodguy17
what the market says we have 2 ways if close above the resistance 7.23 will go heigher if we get rejection in that area we will have a big move into down and we look for short by aminegood71
looking for bullish cypher set upPrevious Resistances of $5.559 acting as support for this current D leg.. I initially spotted the ABCD pattern in orange, then I looked for the Bullish Cypher on D leg to kick off. The AD Will confirm Longby moneyflow_traderUpdated 7
Natural Gas / NG - It's Officially a Bear. Now, Hold My BeerThis post is a continuation of a previous post, which is based on a longer-term analysis: Natural Gas / NG - What, Truly, Is a Bull? With Wednesday-Friday and Monday morning's long-awaited dump into the fabled double bottom around $7.4, natural gas can only be considered to have formally shifted into a bearish market structure, based on both the 4H and Daily candles. Note that the dump also breached range equilibrium. What this means, is that it's finally time to look for a 45-day short play on natural gas. Remember, Freeport is supposed to re-open for export to Europe in mid-November, so in principle you'd want to see the downside manipulation occur before then. However, all this time, big firms have been shipping U.S. natural gas via boat to Europe, and making more than $100 million a shipment in the process . Demand has been so enormous that there aren't enough ships on the planet available to meet it. So it's not that U.S. Henry Hub pricing hasn't reflected the demand problem caused by Europe shooting itself in the knees trying to spite Putin and Russia so it can fit in with cool kids in the Globalist Bloc. It has. It's just that the reality is, no matter the news and how it's framed, an energy crisis is coming to North America too. You just won't see it until inflation starts to dip. Energy prices have to come down for inflation to dip. Once inflation dips, it will rip again, because it hasn't topped yet. Anyone who says inflation has peaked obviously can't read The Diagram, and nobody who is unable to read The Diagram is worthy of being a Doctor. Regarding price action, once something as turbulent as natural gas dumps, and dumps a lot, and takes out key pivots, you have to be careful. At present the market makers are still employing these patterns where they seek and destroy to the downside and then quickly seek and destroy the upside. It's very hard to catch a truly trending market at the moment, and so you have to employ a surgical strike style of trading and positioning rather than trying to get long or get short and rack up the Sklansky Bucks comfortably. For example, the stock indexes look like they're going to bounce, and probably hard, before the next big leg down, regardless of what comes out of Wednesday's FOMC: SPX500 / ES - It's Still a Bull. Now, Good Luck Riding It With natural gas, what I'm really looking for here to position puts for November is a bounce into the $8.9 range. The problem is, the natural gas market makers are not so polite. They don't want you along for their ride. It's their ride, and if you're good enough to figure it out, you can make money. But if you can't, they will buck you off and you can watch from the sidelines. They're a lot like angry cowboys, and so there is a possibility that is far from negligible that a number like $9.6 prints again before we see the next move down. Or at least a number that starts with $9. Regardless, in my opinion, once this bear is finished growling and knocking over trees, we will actually begin to see trending markets again. They won't trend for all that long, but you won't get bounces this time. It'll just landslide or gap down to where it wants to go and collect all the badly positioned longs or the longs who somehow never took profit during a run to $10. WTI Oil, likewise, is in the same boat. WTI Crude / CL - An Intervention: Saving Blind Bulls Although its price pattern is more notable in that it once again traded back to the $81 gap and bounced again. If it runs the $91 double top it left behind and keeps going up, it might just be a bull run again. But if it just crushes $91 and starts to fall, you can surely expect numbers like $69 and $50 are en route, no matter what the fundamentals say about global demand. What you're ultimately looking at with the positioning of the markets, whether it be copper, soybeans, stocks, is you're looking at first some bouncing and then what is likely a market-wide sell off with some days of panic that is simultaneously subdued and overexaggerated. All of which is designed to have you sell low and then buy back higher with half your account left intact. Consider that last week's CPI dump took 200 points from the SPX in a few hours, but only raised the VIX by like 3 points. VIX 28 is now a ceiling. VIX 40-42 will be where you find the bottoms. VIX 72 will come when the markets truly start to head to the downside. After the global avalanche is finished, you'll likely see the Nasdaq be extremely strong for a few months. SPX will be okay, but will be drug down by energy companies, which won't do particularly well because they'll be drug down by natural gas and WTI accumulating at low prices. Dow will probably be better than SPX but worse than Nasdaq on account of its defense contractors likewise accumulating at low prices. Once retail is done gorging themselves stupid on $30 SNAP and $45 BBBY and $198 AAPL, reality will unfold. Stocks will crash, hard. WTI and Natural Gas and other commodities (Except for silver and gold. Seriously. Quit being a moonboy on ancap stuff. It'll rot your teeth.) will make major new highs and energy companies and defense contractors will become the safe haven in the markets. When those days unfold, you can expect major geopolitical turbulence, which can include as much as the collapse of the Chinese Communist Party. You can also see significant natural and manmade disasters unfold. It won't be a pleasant time. But you should know that what unfolds will appear chaotic but actually be orderly. Everything unfolding in the world is orderly and well arranged. This world will not be destroyed, although there will be significant hardship for many regions, and few will find the outcome comfortable. But for now, you can focus on trying to make money. You have the difficult task of trying to find a time to short natural gas inside of a 15% possible range. You can short $8.9, but they really might take that $9.3 pivot. If you wait for the $9.3 pivot, you might not get filled and miss the move. This kind of move back up is also designed to dump the ETFs, many of which trade on 2x leverage (10% natural gas move = 20% ETF dump), so big pockets can get fat long for the real dump. It's very annoying. They're really very annoying about how they do things. It's a constant gut check and a series of difficult and suboptimal circumstances, because time is an excellent weapon and they use it very well. You should know that all the decisions you face when trading and all the loss and gain you come across are actually opportunities to cultivate your mind and your heart. They're chances to improve. Every thought and feeling you have while doing this is you forging yourself like quicksilver being refined inside of a crucible powered by burning hydrogen. Everything depends on how you improve your heart and employ your rationality. Fear and greed are your greatest enemies.by LordWrymouthUpdated 8820
Natural Gas will rally, at least a little bit! 5-15% min.Economic Reasons: - Natural Gas Nord Stream Sabotage - Hurricane heading to US Reasons for a trend reversal: - Price is heading for a macro uptrend - Key zone of support and liquidity - 0.786 retracement from Aug. highs and Sept. lows ($6.33) - Almost over sold on RSI and MACD on the daily chart. (it is over sold on lower timeframes) - Bullish divergence on the RSI and MACD for the 4 hr. chart. Take Profits: $7.12 (Highest Probability) -- 12% profit $7.45 -- 17.6% Profit $8.11 -- 27.6% Profit $8.60 (Most Likely Top) -- 36% Profit $9.22 -- 46% Profit Bearish after rally: - Completion of the right shoulder of a head and shoulders pattern. - Break neckline and return to $3.5-4.5'sLongby farmtrader15Updated 8813
Natural Gas Futures ( QG1! ), H4 Potential for Bearish MomentumType: Bearish Momentum Resistance: 600.5 Pivot: 516.5 Support: 327.8 Preferred Case: On H4, as the price moving below ichimoku cloud and descending channel , we have a bearish bias that the price may drop from the pivot at 516.5. which is in line with the overlap resistance to the 1st support at 327.8, where the 127.2% fibonacci extension is. Alternative scenario: Alternatively, the price may rise to the 1st resistance at 600.5, which is in line with the 38.2% fibonacci retracement . Fundamentals: There are no major news.Shortby Genesiv2
Natural Gas - Head and Shoulder target 5.325Head and Should Target 5.325 also coincides with July lowsShortby gmaster29Updated 1
Natural Gas D1The situation that has developed in the energy sector is rather complicated but not critical! Since the beginning of full-scale hostilities in Ukraine, natural gas prices have soared by almost 200%, and this is taking into account that the heating season has almost come to an end. The issue of gas supplies to Europe is one of the key issues in this matter (in my opinion). At this point in time, the heating season begins. During which gas consumption increases significantly. Although European countries have prepared for the season regarding gas reserves and are also ready to save. You need to understand that new gas supplies will come mainly from the Baltic countries and the United States. Gas supplies from America are more expensive, because logistics services incur additional costs. In order to keep prices at this level, gas producing countries need to increase gas production, which creates additional difficulties and waste. And most likely, during this heating season, gas prices will rise again.Longby TradingForProfitPro1
Natural Gas | Need More LowThursday, 20 October 2022 16:13 PM (WIB) Natural Gas is entering a bullish area as it broke 61.8% but still heading to 78.6% or even more low. I’m expecting the price could hit the ground support for more easy and minimalist risk to trades. If the price reaches the ground support, the Head and Shoulder Structure Patterns would be the best direction to trade. by RyodaBrainless2
Oct 19,22-NG down to 5.5-going all in BUYSo price action has continued to fall and I'm leveraged a bit now. I put in another Buy order at 5.5 wondering if tomorrow is the day when price action rebounds because of the storage report. Who knows - it's anyones guess. Price might fall down to 5, I dunno. But if it rebounds tomorrow, I'll be in good shape. Price has continued to fall because of warmer than expected weather across the U.S. throughout Oct and into the beginning of Nov. As soon as that first cold snap comes, I will be sitting pretty to take advantage. Stay safe all. HeikoLongby HEIKOTradingSystem11114
NGSuper oversold but tapped the daily demand zone today. I'm long some BOIL for a short term bounce. Hedge on the increased heating bills to come this winter lol.Longby Essendy0
Natural gas - approaching critical zoneTrendline and horizontal support lines approaching What happens here will be critical for NG bulls by yossarian1210
Natural Gas Selling OffNatural gas has been extremely volatile this year and has recently broken below major trendline support and continued selling off. Even with the volatility we have seen, with sharp moves higher followed by sharp moves lower, the market is still up almost $2 on the year, and we are looking to test a strong support level from the July lows. This market is the most oversold we have seen since before the pandemic, and the market has responded very positively this year off oversold levels. If the market can hold support at the July lows, we could see a nice bounce higher and look to test the 50-day moving average, which is now strong resistance.by Ryan_Gorman2
NATURAL GAS Futures (NG1!), H4 Potential for Bearish MomentumType: Bearish Momentum Resistance: 600.5 Pivot: 516.5 Support: 327.8 Preferred Case: On H4, as the price moving below ichimoku cloud and descending channel, we have a bearish bias that the price may drop from the pivot at 516.5. which is in line with the overlap resistance to the 1st support at 327.8, where the 127.2% fibonacci extension is. Alternative scenario: Alternatively, the price may rise to the 1st resistance at 600.5, which is in line with the 38.2% fibonacci retracement. Fundamentals: There are no major news.Shortby Genesiv0
NG1! Reloading time may be approaching(BG) GAS appears to be nearing the completion of a large flat A-B-C structure. monitoring for long setups. Looking for an RSI divergence and a low below 5.35 then start collecting/building small positions. The 5.00/4.65, .618 fib, and major yellow trendline price should provide support for a bounce. If count is off by a wave It could bounce before then so keep monitoring using your own due dill. obviously a break below the trendline would be bearish and expect a retest of the trendline before continuing lower by wolffarchitecture115
Cycle Analysis on Natural GasEach day we hear about energy crisis, but not that much about the 40% drop on natural gas in the last 2 months. 20-22 price action looks similar to 99-01. More weakness coming? by ew-forecast1113
Follow up on the nat gas wedge from 2020Look like it is playing out just like the last massive inflation cycle we saw. There was no indicator of the Russia Ukraine war at the time of posting the original wedge. Having posted this two years ago at the beginning of the blow off top and seeing how things unfolded. I will be hunting more cycle plays like this oneLongby Coach_Kev0