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Natural Gas Big Inverse Head and Shoulders Pattern playing outI have spotted this pattern a bit too late, but now we are few weeks after its activation and target is only half way through. I am expecting this to hit the target before we start thinking about possible top. What do you think? It looks like a textbook execution, I would be surprised if we fail. Now we also have broken the trendline of the previous two highs and we have printed 2 very bullish looking candles on the weekly to support this going further up, maybe even without many corrections. On the shorter timeframe I see a cup and handle to support the move higher as well. I am very bullish on this based on these factors. Please share your view.
NLong
by TheChartWhisperer
6
$NRG: Rapid Growth in this Customer Focused Utility CompanyGuidance & Growth NRG is reaffirming its guidance range for 2021 with respect to Adjusted EBITDA, Adjusted Cash from Operations and Free Cash Flow before Growth Investments (FCFbG) which excludes the full year impact of Winter Storm Uri. NRG's FCFbG for the six months ended June 30, 2021 was $768 million. NRG has a very compelling value proposition, a unique consumer business that can deliver 15% to 20% annual growth in free cash flow per share over the next five years. Dividend A strong dividend growing at 7% to 9% per year. A best-in-class sustainability framework embedded in everything we do and a commitment to maintain a strong balance sheet and continue to be excellent stewards of your capital. Technicals You can see we've built up a strong long term base with a recent burst higher. High natural gas prices could be here to stay and NRG could benefit.
NYSE:NRGLong
by Fox_Technicals
NATURAL GAS SHORT SETUPWith over supply, demand going down i believe a rising wedge is being built into formation. You could see that it already broke the upper trend line which would be a signal for a downfall quite soon. Also, even though trend is up, you could see bulls were not really in control with huge resistance and brute force for every push up. It’s only a matter of time before we go back to 2.5 then maybe a retrace up of the 200 Daily EMA before we see 2.0-2.25 levels again this summer. Safe trading, this is my own view and not any financial advise.
NShort
by Obax
1
Natural gas weekly levelsMagic Lines: All supports are not for buy level. As like all resistance are not for sell levels After long research and back testing we find which S&R is for sell level & which S&R is buy level. In that result we give the pure intraday levels in charts. BLUE LINE ARE BUY LEVELS ORANGE LINES ARE SELL LEVELS IF OPENING 15MIN CANDLE TOUCH BLUE LINE GO FOR LONG/ IF OPEING 15 MIN CANDLE TOUCH ORANGE LING GO FOR SHORT. There are 10 different pattern for getting entry in market with this line if anyone interested please command below ...
MCX:NATURALGAS1!
by AadhanTrading
NG: UNG: BOIL: Natural Gas Rebounded on Feb 2021 RollNatural Gas prices rebounded after dropping earlier in the week from $2.5 to $2.25 on warm weather. Prices rebounded on tight balances, oversold technical conditions, and roll into February 2021 contract. Support is expected to hold, as LNG flows are above 11 Bcf/d and balances are tight, with last draw at -152 Bcf. Technical Analysis: 4 Hr chart shows oversold condition. Support is seen at $2.25. However, double bottom is still possible, before going higher around January 10. Potential price target for the next leg up is $2.75 - $2.8. Upside potential for NG and BOIL may be limited due to roll into lower March 2021 contract on January 22 -27. Fundamental Analysis: Bullish picture with tight balances and potential for a deficit is possible going into 2021. Lower 48 state production lost -4 Bcf/d vs. 2020, while gas exports increased +4 Bcf/d, resulting in net increase in demand of 8 Bcf/d. Lower 48 production is expected to remain at 91 Bcf/d, while LNG flows and Mexico exports will total 16 Bcf/d. HFIR energy believes, that forward curve is underpriced at avg. of $2.58/MMBtu. Should weather turn colder after January 11, 2021, as projected by NatGasWeather, we may see NG prices bounce back to $2.7-$2.8 levels. Cash prices are likely to go much higher during winter. However, NG and BOIL, will start rolling into lower March contract around January 22 -27, which may bring futures prices back to their current support level at $2.3-$2.5 at that time. Overall picture for NG in 2021 is bullish, given lower production and higher LNG demand and exports remain in place. Traders are bullish EQT and BOIL (day trade). Short sellers will still have their opportunities on selling 4 Hr tops. KOLD is an inverse daily ETF, that does well during March - April contract timeframe.
NYMEX:NG2!Long
by tradexchart
NG: UNG: boil: Natural Gas Looking for a Bottom - Mid DecemberNatural Gas futures dropped disproportionately to fundamentals on lower national demand in the first half of December and slightly higher recent production. However, NatGasWeather forecasts for the storage draw covering next three weeks are not as bearish as the drop in gas prices. LNG flows are consistently bullish exceeding 10.5 bcf/d. The fundamentals are still strong. It seems that bullish traders are waiting for colder weather patterns to settle in before driving prices higher. If we get the forecasted warming next week, the prices may go lower. Expected trough at around December 9-12. Technicals: The 4 Hr chart is oversold. Yet, this condition may persist for another week. The double bottom is more likely before going higher. Per NatGasWeather Report: EIA Weekly Nat Gas Storage Report Outlook: EIA Weekly Report Week 1 – December 10 -70 to -80 Bcf Slightly Larger vs Normal Draw (Nov 27-Dec 3) Week 2 – December 17 -80 to -90 Bcf Slightly Smaller vs Normal Draw (Dec 4-10) Week 3 – December 23 -85 to -100 Bcf Slightly Smaller vs Normal Draw (Dec 11-17) NatGasWeather.com Forecast 5-Year Average -61 Bcf -105 Bcf -127 Bcf
NYMEX:NG2!
by tradexchart
ridethepig | Natural Gas Breaking Out!A nice swing cooking right on time for December seasonality flows to kick in. This leg higher threatens the sacrifice of resistance and creates freedom to manoeuvre towards $4 and $5 in 2021. We have a similar sized move cooking in energy to the leg we traded in Oil, only this time round the swing we are tracking is to the topside. See for example the following breakdown we traded in Oil; In the ST, play with the flow and continue ride the leg higher towards something like +/- 3.5 and 4.0 as the extension. Sellers are quite paralysed. For the MT and LT as we know, the philosophy of transition towards a 'Green new Deal' or 'Build back better' in such a short period of time constitutes a pipe dream. Already power grids are coughing badly with so much activity from lockdowns and more people at home, the theory that we will all be driving electric cars and etc looks quite far... one cannot rebuild energy without great difficulties is important to understand. Thanks as usual for keeping the feedback coming 👍 or 👎
NLong
by ridethepig
1
NG: UNG: BOIL: Natural Gas Oversold, Roll into January ContractNatural gas futures NG moved higher as it started rolling into January contract on Nov 20. Technical conditions are oversold on 4 hr chart. We have an unfilled gap at $3.1 level, a possible target for an upside move. Weather forecasts into early December are less bearish than last week, but still alternate shots of cold air with periods of warming. Next week EIA report is expected to be on a bullish side, a draw of about 20 Bcf, as demand exceeded supply for the period ending Nov 18. Expecting a gradual move to higher prices, unless weather forecasts change showing more cold temperatures coming.
NYMEX:NGF2021
by tradexchart