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Natural Gas CFD

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NATURALGASCFD trade ideas

NATGAS chart overviewThe price of natural gas fell to a one-and-a-half-year low of $3.20 on Friday. The last time we were at that place was in June 2021. During the Asian trading session, the gas price formed a bottom at that point and began slightly recovering to $3.37, the current level. We need a positive consolidation and a break above the $3.40 level for a bullish option. Then it is necessary to maintain up there so that with a new bullish impulse, we can start the continuation of the resistance of the price. Potential higher targets are the $3.60 and $3.80 levels. For a bearish option, we need a negative consolidation and a new test of support at the $3.20 level. A break below would increase bearish pressure, which could see the price decline and test the $3.00 support level.
OANDA:NATGASUSD
by Financebroker
Natural Gas: Long-term viewGreetings! Was keeping an eye on NATGAS and I saw the price forming an ending structure inside a channel. The price is in a big downtrend for a while now, but I am expecting the price to give us some green signs soon. We may drop a bit more towards an important Daily demand area which will also act as a stop hunt move from the big boys. In this regard, I will be focusing on the buys instead of sells. I am expecting the price to reach that area and then reverse. If we start going up and we get a breakout followed by a pullback, I am anticipating a high chance of moving up, at least for a correction in the bigger scale. My first area to watch if we start going up is the first 4H supply zone highlighted on the chart. Trade safe.
OANDA:NATGASUSDLong
by AlexAnastasescu
XNGUSD ready to reverse recent downtrend LONGXNGUSD has been on a long downtrend. On the 1 H Chart, a falling wedge is seen awaiting a breakout. Moving Average slopes are decreasing their negativity towards zero. ATR / Volatility is decreasing as is the downtrend momentum on the average directional index indicator. I see this as a long swing trade setting up for forex or alternatively a natural gas ETF like UNL / UNG or a natural gas stock like LNG. This trade would be propelled by the dollar losing strength, inflation being sustained, WW III in Europe continuing and the weather turning cooler the remainder of the winter.
FXOPEN:XNGUSDLong
by AwesomeAvani
3
Long Natural Gas based on temperature decrease in USFundamental: 15.01.23 Weather reports point to the possibility of a further drop in gas prices amid forecasts indicating the likelihood of unusually mild temperatures in the United States through mid-January, Gelber's note said. 16.01.23 After consecutive weekly declines at the start of the new year, natural gas futures rebounded on Tuesday amid expectations of more cold spells later this month. The spot price fell about 27.6 cents on Friday after several days of unusually warm weather to start 2023. Production also proved strong and stood at around 101 billion cubic feet per day. It remained near record levels of around 102 billion cubic feet per day. However, natural gas prices are more than 50% lower than they were just a month ago, and for futures contracts to maintain an upward trajectory, cold air needs to arrive soon and other February predictions may need to be made. The U.S. National Oceanic and Atmospheric Administration's eight-to-14-day forecast calls for below-average temperatures in the western, midwestern and southwestern parts of the lower 48 states. 18.01.23 US gas prices are rising today (knowing that volumes are limited due to MLK Day), while European prices are falling sharply. There are new weather forecasts for the last week of January in the United States. Temperatures are expected to drop significantly across most of the United States, to below average levels. It turns out that February could bring more volatility for natural gas. Seasonality indicates two local troughs (cold winds) - January 21 and February 4. "Looking ahead, it's not out of the question that NYMEX gas futures will return to $5 mmBtu or higher, but it will take a lot of arctic air to dominate the nation for several weeks," adds Gelber's note. "Conversely, if the weather forecast models revert to a longer spell of warmth, this would set the stage for new lows for NYMEX gas futures." Technical: - RSI over 30.0 + Standard deviation increasing (high volatility) - High volume at $3.54 - Support reached
CAPITALCOM:NATURALGASLong
by thefrenchsniper
1