NG is STILL going up, crazy. No time to sell yet. I will put in a Sell Order next week assuming there comes a top. You never know, it might just keep going up to 6 - lol Anyway, Happy Weekend all and stay safe. My heart goes out to all the families suffering during this war. Heiko
Like a balloon, NatGas is floating further and further upwards from the support at $3.536. Although every now and then, there may be some gusts of wind temporarily disrupting the upwards surge, we expect that NatGas’s general tendency is to rise higher. However, as it is usually the case with balloons, they can lose air or burst. Accordingly, there is still a 45%...
NG has come down some overnight so I put in a sell order at 4.9. I'm going to watch it closely and I'm not expecting it to take a nosedive anytime soon. As long as the War is in play, I can't see NG getting under 4.5. I'll see what kind of profit I can get - maybe only 200-300 points, but still better than nothing :-) Stay safe. Heiko
After a significant rise as a result of war, price has approached to the resistance level at 5.000 which has pushed the price for several times in the past. Currently, price is bouncing between the red resistance level at 5.000 and the yellow support zone around 4.800 which is a sideways area. We should wait for the breakout on the resistance or support level...
Perhaps not just possible, but likely. EU must start buying LNG gas from American market as it has vouched to reduce imports of Russian gas by 70% by the end of the year. Check the chart, NATGAS has broken out decade old channel, and retested it. This is as bullish as it gets.
📉 Expecting bullish price action on NATURAL GAS from a medium-long term perspective as we are in a HTF BULLISH MARKET STRUCUTRE, price kept the 4.5 psychological barrier without breaking it to the downside, we have bearish imbalances somwhere around 5.0 that should magnetize price back there, Market Seasonality is very bullish on chart as we have a BULLISH CYLCE +...
Put that Buy Order in at the beginning of the week at 4.5 wanting price to head up to 5. Not sure what's going to happen. News is so mixed with the war going on - so I decided to take my profit at 4.650 so not a huge gain, but at least something good. With the Fed popping interest rates up this afternoon, I have no idea where NG is going to go - didn't want to...
Let's see how NATGAS is behaving. This is a 1D chart. (Long Term) Any news on how the US will get a new connection as a replacement of Russia can affect the prices and cause significant changes. However, while nothing special is going on and the market is on its sideway moves, these three levels are the key areas for now. Fib Retracement levels show two...
So last week NG went from around 5.1 down to 4.5 and closed out the week at around 4.7. This makes it hard to say if price will drop back to 4.5 or if it will rise up to over 5 with what's going on in the world. I think I will play this week like this - if price action comes down to 4.5 by Wed, put in a Buy Order there expecting price to go up into next week. ...
Southwestern Energy is a natural gas exploration and production company organized in Delaware and headquartered in Spring, Texas. The company is ranked 776th on the Fortune 500. Fundamentals looking good too.
NatGas seems to have ants in its pants, seeing that it has been fidgeting above the orange zone between $3.982 and $4.464 during the last weeks. As it has botched its first attempt to move upwards after finishing wave 2 in green, we expect NatGas to try for a second time. It should then rise into the green zone between $5.856 and $6.214 to complete wave 3 in...
After Bidens announcement I put in a Stop Buy Order at 4.6 to see if price action would come up once 9:30am hit - Sure enough it took less than 15 minutes. This of course is all due to Biden, who later today is said to ban Russian imports and/or the purchase of Oil and NG from Russia. This could put a supply issue into the world which will push the price of both...
Natural Gas - Weekly Bottom Line : "Big-picture" Bullish. Repeating : The higher probability view is to label the Primary wave ((C)) decline as an ending diagonal to complete Cycle y . Ending diagonals are terminal structures. They are typically followed by swift reversals that retrace the entire length of the pattern. There’s not enough historical price...
Since the early 2000s commodities have had a major boom, a major bust and another boom which began in April 2020. The current boom isn't caused by the world going into the right direction and economies are booming, but rather we have major issues in the production of commodities. Globalization led to a massive economic boom post WW2, a trend that slowly started...
Why get subbed to to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates NATGAS MNT: 250%+ gains BEST level to BUY/HOLD...
📉 Expecting bullish price action on NATURAL GAS as we have fundamental reasons behind a strong bullish move the war between Ukraine-Russia + sanctions that will affect the supply/demand of this asset, another fundamental reason why price will go higher way above 5.0 is because we have a BULLISH MARKET SEASONALITY till July. From a technical perspective...
Cycle up has already finished. Down for the rest of the year. Target around 2,3 $
I think Nat Gas prices are going to soar here, for the coming 9 months. We have a daily entry here, that can evolve into a massive monthly trend. Try not to miss out on this play! Cheers, Ivan Labrie.