Natural gas prices are testing support zone at $2.6-2.5. Price retracement on lighter US demand this week. However, LNG flows are back up to 7 bcf/d and are expected to keep increasing to 10 bcf/d later in October and November - December (NGI). Seasonal demand is expected to improve within the next 2 weeks. A cold shut this weekend, if confirmed, may change price...
Quick observation here. NG traders that are deep into the commodity's technical dynamics agree that Natural Gas is trading on patterns that are cyclical on the very long-term.
If cyclical behavior and seasonality play a big part on this, then why should the month of October be any different? Every 4 years since 2012, NG makes a bottom around March-April, then...
Natural Gas and most oil and gas related commodities go up around winter (obviously). Not sure about this trade it had a good risk to reward ratio so obviously 👍. If taking this trade be careful and input multiple TPs.
NATURAL GAS MOVING CLOSURE TO 50 EMA, A LITTLE SUPPORT AT 20 EMA. ADVICE TO SELL BELOW 20 EMA FOR TGT OF 50 EMA, A SHAPE OF REVERSE CUP WITH HANDLE IS ALSO FORMED IN MCX ON DAILY CHART. KEEP EARNING.
This is on the 2 HR chart on October Contract. Quite a bearish week. I still believe we are headed up. Very short time frame to have a full blown bearish continuation with winter right on the corner and demand expected to start rising with cooler temperatures. Also Hurricanes and storm season is upon us. Usually we see spikes in prices in September, October &...
Hi traders,
Looking at natural gas, we are still tracking a correction in wave (4). Currently it is trading at 2.4 support level, which can be first potential turning point zone, however, in case of a deeper corrective W-X-Y, price can retest 38.2 Fibo. retracement and the base channel line (2.2 area), where support can also be seen.
Pattern: Channel Up on 4H.
Signal: Bullish on the 4H MA50 or if the Channel Up breaks upwards.
Target: 2.650 and if 2.680 breaks (+12% from low) potential extension towards 3.000 (+27% from low).
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Bullish factors: NG Natural gas price has been rallying for the past month reaching $2.5 level on increased consumption during summer months, improving LNG flows reaching 5.1 bcf/d in mid-August, and two tropical storms in the Gulf area threatening natural gas production. The fundamentals remain bullish going into mid September.
Bearish factors: Production is...
Bullish factors: NG Natural gas price has been rallying for the past month reaching $2.5 level on increased consumption during summer months, improving LNG flows reaching 5.1 bcf/d in mid-August, and two tropical storms in the Gulf area threatening natural gas production. The fundamentals remain bullish going into mid September.
Bearish factors: Production is...
This is An update,
As I said Market will Star change direction this morning
Don't Buy market today or tomorow and wait..,
So my advice was Only short market below 2.38 SO our prediction was right, and market now at 2.35
Mathematically only Sell hard below 2.39 retrace. first target 2.30 second target 2.175
Good luck
Rallye haussier du natural gas après avoir casser la résistance des 1.962, celui ci pourrait continuer a faire des plus haut dans ce long canal haussier qui vient de se former.
Notre vue est plus du côté des bull mais nous nous attendons a une légère correction du marché avant de retrouver une hausse plus importante.
Voici nos objectif , nos zone de risques ,...
Pattern: Bullish Megaphone on 1D.
Signal: Sell as the price is testing the Higher Highs trend-line of the pattern. RSI also close to a top.
Target: 1.950 (potential Golden Cross).
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