NATURALGAS trade ideas
NATGAS BUY LONG👉🏻 Navigating the markets with a clear trading strategy is essential for success. 📈 The chart shows an interesting setup for a potential long trade on Natural Gas (NATGAS), in line with the market cycle theory.
📌 Pattern analysis: The price has recently broken a descending trendline, which is a potentially bullish signal. After a retracement towards the 0.618 Fibonacci level, the price has formed a solid support, highlighting a key demand area. This zone is well marked by the gray rectangle, indicating an accumulation region.
📌 Next move: With an upward breakout confirmed, we see a clear potential for growth towards the target indicated in the green area, with a target of 2.600. This move is reinforced by the recent positive reversal, suggesting a trend change is underway.
📉 Risk management: The stop-loss level is strategically placed below the recent low at 2.084, which allows minimizing losses in case of false signals. The risk/reward ratio appears favorable, making this setup interesting for long-term-oriented traders.
👉🏻 Conclusion: As always, capital protection is crucial. By following this strategy based on solid technical analysis, you can identify an entry opportunity with well-calculated risk. Patience and discipline in following the trading plan are keys to long-term success.
📩 If you have any questions or want to discuss this analysis further, leave a comment or send us a message. We’re here to help! 😃
NATGAS inverse H&SNATGAS creating an Inverted HS. First objective 2.80$.
Keep in mind there’s a larger inverted HS on the making, which could throw the price beyond 4$
Natural gas is the downtrend resuming? Nat gas still fits all the criteria for a large downtrend.
Lower highs & Lower lows are still in place on the weekly timeframe.
This obviously swings probabilities in favour of lower price.
However historically were still at some oversold levels.
Just because this asset is oversold honest mean it can't go lower.
Im watching the daily 50MA & 200MA closely...do we get the death cross formation to occur again?
Usually this signal provides a near term bounce but medium term decline.
$NG: Bearish decline now switched off, potential reversal on!Bearish Decline from June to August 2024
The AMEX:NG market has experienced a significant bearish trend, beginning from the high of $3.192 on 11 June 2024. This marked a crucial peak before prices entered into a pronounced downtrend. The decline intensified after 25 June 2024, following three failed attempts to breach the declining trendline. These failed tests solidified the bearish momentum, driving prices lower as market participants lost confidence in the possibility of a reversal.
The initial phase of this downtrend was marked by steep declines as bearish sentiment dominated the market. Prices continued to fall sharply, with little to no relief rallies, reflecting a market overwhelmed by selling pressure. However, the decline began to decelerate around 9 July 2024, transitioning from a steep drop to a slower, more gradual downtrend. This period of slower decline lasted for about a month until 7 August 2024, when a notable shift in momentum began to emerge.
Shift in Momentum and Trend Reversal
On 7 August 2024, the natural gas market began showing signs of a potential reversal. This shift was confirmed when prices broke through the yellow trendline that had defined the bearish decline. The break of this trendline was significant, as it indicated that the market was no longer confined to the downward trajectory that had dominated since mid-June.
Following this breakout, the price rapidly tested and retested the original bearish gradient around 8 August 2024. This action suggests that the market was determining whether the bearish trendline would now act as resistance or if the breakout was strong enough to sustain a new upward trend. The successful breach and subsequent holding above this gradient marked the beginning of what appears to be a new bullish phase.
Potential Price Rise and Resistance Levels
With the trend reversal underway, the market is now poised to test key resistance levels. The immediate target is the resistance around $2.47, which represents an 11% increase from current levels. This target is realistic given the support levels identified at $2.16 and $1.91, which have provided a foundation for the recent price action.
The white line on the chart suggests potential price rise fluctuations, leading to $2.47 by 27 August 2024. This would represent a significant recovery from the lows and could set the stage for further bullish momentum.
If the bullish momentum that began around 5 August 2024 continues, the market could see a high-velocity price change between $2.47 and $2.87, representing a 12% increase. This scenario is plausible if supportive factors, such as clearer forecasts of winter demand and inventory reports, continue to drive market sentiment. The blue rectangle on the chart and corresponding volumes indicate that increased trading activity and bullish interest are backing this potential rise.
The timeline for reaching $2.77 by 13 September 2024 is also feasible, representing a 25% increase from current levels. This would require sustained bullish momentum and possibly some positive fundamental news regarding supply-demand dynamics as the market approaches the winter season, a period typically associated with higher natural gas demand.
Conclusion
The natural gas market is currently in a critical phase, transitioning from a prolonged bearish decline to a potential bullish reversal. The key levels to watch are the $2.47 resistance, followed by $2.87 if the bullish trend strengthens. Market participants should monitor volume trends, winter demand forecasts, and inventory reports, as these factors will likely influence the market's trajectory in the coming weeks. The timeline to mid-September 2024 will be crucial in determining whether this bullish reversal can be sustained, potentially leading to a significant recovery in natural gas prices.
CFD.Natural.Gas (Y24.P2.Video1)Bullish structure in the makingHi Traders,
Here are my thoughts for this structure.
Ranging price in accumulation mode and finding the good entry or breakout might align with price hikes for Gas as inflation rises and Europe struggles with supply.
All the best,
S.SAri
NATGAS Will Continue The Bullish TrendThe recent rise in gas prices is likely to be due to a technical reaction to the previous downward trend and the geopolitical situation.
Since it is well known that "the trend is your friend", the question arises as to possible price targets for any long trends.
An area of several open intraday gaps from mid-July 2024 is a good place to start.
If we choose this zone as a price target for a long trade, we can realize an acceptable RRR of around 1.1:1.
Natural gas harmonic and reversal structureLooks like copper is putting in its first weekly higher low with a potential IVHS reversal structure at the bottom and at the completion zone of a bullish wave structure.
Natgas chop - overhead resistanceDaily 50 ema is the white line. Strong resistance.
We've now formed a trendline along recent tops.
We'd need to break the trendline, and also close close a daily candle above the Daily 50ema.
NATGASUSDBUY on the theory markets ranges 70% of the time, and BUY on the theory markets retraces HALF of the previous leg 90% of the time.
I recommend getting in now.
Natgas - Head and shoulder. In bound Aug 8th 2024 playing out nGot 180k on boil calls @ $12 for sept 13
Will it make a widow of me?
We will see
NATGAS - NEW BREAKOUT !Hello Traders !
On Friday 2 August, The NATGAS reached the support level (1.893 - 1.854).
At the moment, The price broke the resistance level (2.110 - 2.059).
The resistance line was also broken!
So, I predict a bullish move🚀
___________
TARGET: 2.213🎯
Weekend Russia-Ukraine Update for Natural Gas Traders in FX MarkHey everyone,
I wanted to share some important updates with you regarding recent developments that could significantly impact our natural gas trades. In the past few days, Ukraine's attack on the Sudzha gas transfer station in Russia's Kursk region has raised some serious concerns. As you know, the Sudzha station is a critical point for gas flow from Russia to Europe, and any disruption here could directly affect our natural gas trading. It's something we all need to keep a close eye on.
To give you some context, Gazprom supplied approximately 14.9 billion cubic meters (bcm) of gas through Sudzha in 2023. This volume accounts for about 4.5% of the EU's annual consumption and nearly half of all Russian gas exports to Europe. Since the beginning of the year, the daily gas flow through this station has remained above 40 million cubic meters. These numbers highlight just how vital Sudzha is for European gas supply.
The main function of the Sudzha gas metering station is to record gas consumption and measure the quality indicators of the gas. The gas flow is measured using two primary methods: variable pressure drop and the more precise ultrasonic method, which measures the propagation speed of ultrasonic waves in the gas flow. The station is equipped with converters, pressure and temperature sensors, shut-off valves, and other equipment essential for accurate gas flow measurement.
In addition, the station features an automated control system that collects, processes, and transmits data on gas parameters. This system is responsible for overseeing the operation process and maintaining accurate records. If there’s an issue at the station, not only would the gas flow be disrupted, but tracking the quality and quantity of the gas would also become much more difficult.
Given these details, it’s crucial for us to closely monitor what's happening in the gas markets and adjust our strategies accordingly. As uncertainty increases, so do the potential risks and opportunities, so I strongly advise you to carefully set your stops in your trades.
Wishing you all a profitable week ahead!
CAPITALCOM:NATURALGAS FOREXCOM:NATURALGAS
EWTSU NATURAL GAS H1 MINUETTE W(ii) unfolding
EWTSU NATURAL GAS H1 MINUETTE W(ii) unfolding
FLAT correction - wave ((c)) in 5 waves
Natural Gas...bullish turnaround!Nat gas has carved out a nice potential base to move higher.
We have seen a failed breakdown whcih usualkly indicates a bullish reversal.
They say the biggest moves come from failed patterns an it certainly looks like a failed bearish trendline break.
If this is the case, Nat gas has a nice 15-20% upside before things get really interesting.
We may be witnessing a weekly inverse head & shouldrs pattern developing.
Time will tell but we are long.
Natural Gas: Very Risky Long TradeNatural Gas: Very Risky Long Trade
Technical Analysis:
Price broke out from a 60-minute bullish wedge pattern.
The bullish volume looks good so far and may push NG up to 2.065 as a minimum.
A normal target should be near 2.140 and if the price resumes the bullish trend it should test 2.2500 easily this time despite the speculations.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Possible scenario to NATGASNatgas has been in a downward trend for more than a month.
I expect it to reach the support level shown in the picture for a third time.
If this happens, the exchange rate will rise significantly again.
Swinging NatGas aiming at 2.9Found buyers sub 2.2. Swinging to 2.9.
Trapped shorts sub 2.2 may fuel this push
NATGAS - NAUGHTY FALL AHEAD ?Cup pattern is complete with double top resistance. Looking for a handle now.
Probable retracement area would be $2.5
Once pattern is complete Natty might fly high to $4.5 again?
Disclaimer: Do not consider this as a buy or sell recommendation. This is purely for educational purposes
NGAS ShortNGAS has been in a long term downtrend. With this bias to the short side, considering a
price reversal to test the nearest Supply Zone , confluent to the 200hr MAV and
Fibonacci 618 retracement.
Recently we have seen a Rally ( setting up a Fresh Demand Zone) , Base ( Bearish Flag) ,
Drop , and now we have a Base ( Bearish Flag).
The trade considers a short to target the Prior Swing Low , and break the Demand Zone.
Enter - 2.094 - 2.104
Stop - Above Swing High 2.15
Target - Prior Swing Low 1.9865
RR = 2.7
Short Nat Gasbased on my Fib extension analysis, the breakout from Natgas from a key level will lead to futher extend the leg down, potentially towards 1.73 level. As I am playing this as part of the August Leap competition I will play conservatively my TP just as I usually do and place on the next support level at 1.82.
Just wonder if I can add to my position in the competition if the price restests 1.980 to 2.0, that would be excellent.
