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NATURAL GAS 1D Death Cross ahead. Lower Lows expected.It was last September (2021) where I first starting calling for a market top on Natural Gas, which at the time seemed odd to the majority of the energy market participants as it was coming off a very aggressive 6 month rally. It wasn't odd though based on NG's long-term, multi-year cyclical behavior as I accurately displayed on the following chart: Back to today, and the 1D time-frame, the price is about to form a 1D Death Cross, which happens when the 1D MA50 (blue trend-line) crosses below the 1D MA200 (orange trend-line) and is considered to be a bearish formation. The last 1D Death Cross after a Cycle Top was formed on February 21 2019. It was on that period that NG made a new Low and gradually entered a structured bearish pattern on Lower Lows (Channel Down ish), with the 1D MA50 acting as Resistance. Check also the MACD indicator which is virtually identical between those two periods. My long-term targets are the 1.236, 1.5 and 1.618 Fibonacci extensions successively, which were the Lower Lows targets of the 2019 pattern. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
NYMEX:NG1!Short
by TradingShot
2
Elliott Wave View: Natural Gas (NG) Near The End of CorrectionElliott Wave View in Natural Gas (NG) suggests it is correcting cycle from June 22, 2020 low in larger degree 3, 7, or 11 swing. The decline is unfolding as a flat elliott wave structure. Down from October 6, 2021 peak (6.47), wave ((A)) ended at 4.825 and rally in wave ((B)) ended at 6.291. Wave ((C)) lower is in progress as a 5 waves impulse. The 1 hour chart below shows wave (3) of ((C)) ended at 3.617. Wave (4) of ((C)) bounce ended at 4.261 as an expanded flat structure. Up from wave (3), wave A ended at 4.041, and pullback in wave B ended at 3.599. Wave C higher ended at 4.261 which also completed wave (4). The commodity has extended lower in wave (5) with internal subdivision as an impulse. Down from wave (4), wave ((i)) ended at 4.045 and wave ((ii)) ended at 4.181. Near term, expect rally to fail in 3, 7, or 11 swing as far as pivot at 4.261 high stays intact for further downside. Once the 5 waves down from wave (4) high is complete, it could either complete wave 1 of (5), or it could end the entire wave (5).
RUS:NG1!
by Elliottwave-Forecast
1
KOLD - Our Biggest Bet YetWhat is KOLD? KOLD is 2x bear Natural Gas ETF that moves based on the price of Natural Gas futures. Natural Gas futures shot up to insane levels this year, and we believe that natural gas prices will drop very quickly. Natural gas futures usually rally 3-4 months before winter starts. This is because energy providers across the world are trying to price in a good deal for when the winter season comes. Now that winter is here and will be over quickly due to global warming, Natural Gas prices are dropping fast. Making KOLD gain quickly. We've been buying KOLD since it was $7, and slowly adding in at $8,$11,$12. We will be adding more as this is one of our biggest positions.
AMEX:KOLDLong
by TheGoldDoctor
1
NATURAL GAS The top is in. But how low can it go?Exactly two months ago by making use of Natural Gas' clear long-term cycles, I called for a potential Top of the current Cycle after the formation of a Golden Cross on the 1W time-frame: Even though the price rose a bit more, the peak was made shortly after. This time I am narrowing the horizon to 5-6 years and as you see the Cycle's peak was made exactly on the Higher Highs trend-line that started after the December 2016 High. An important technical development is that the 1W MACD made a Bearish Cross, which when formed on that Higher Highs trend-line, is a Top. Even though on a multi-year basis, the technical outlook has Natural Gas going as low as the Support Zone, on the less long-term, it may follow a consolidation phase as in 2017. A long-term startegy for a cyclical investor would be to sell every rebound as the current one and gain from such swings on a 1-2 year horizon. In 2017/2018 it was only when the 0.618 Fibonacci retracement level broke, that NG broke down towards the Support Zone. So in such strategy long-term traders may resume selling once the current 0.618 Fib breaks (3.374) towards the Support Zone. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
NYMEX:NG1!Short
by TradingShot
4
ng buyThe world is demanding energy for an economic recovery and a winter in Europe. Natural gas prices have been rising in recent months, due to the great demand for various factors, including the search for and implementation of cleaner energies, in this process some countries such as China are entering a stage of de-carbonization, In China's attempt to gradually reduce the use of coal, natural gas is becoming more in demand, the key factor behind the rise in natural gas prices is its demand, the European Union is also stopping the use of coal and needs to supply This energy need with other means, until generating a dependence on natural gas, this benefits Russia a lot since they are one of the largest gas producers and as in OPEC they can manipulate the supply, in some geopolitical scenarios it would benefit them to pressure the European Union in certain gas pipeline projects.
NYMEX:NG1!Long
by juliansb32