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NATURAL GAS Rejection at the top of the Falling WedgeNatural Gas (NG!) hit last week the top (Lower Highs trend-line) of the long-term Falling Wedge pattern that started on the April 10 2023 Low and was immediately rejected back to the 1W MA50 (blue trend-line). As long as it holds, this rejection indicates that technically, the new Bearish Leg should start. Our Target is 1.550 (just above Support 1). If however the trend reverses and gives a candle closing above the Lower Highs, we will take the sell's loss and buy instead, targeting 3.300 (projected 1W MA100 extension). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!
by TradingShot
NATURAL GAS Cycle bottom. Now one of the best buys of the year.Natural Gas / NG has been trading inside an 18 year Channel Down pattern. It has been below both the 1M MA50 and MA200 since January 2023, as it entered into the 2nd phase of the Bearish Wave. Last week it hit the Falling Support Zone as well as the horizontal Support Zone, which is in effect since December 2015. The 1M RSI touched its own Rising Support. We are at the bottom of the Sine Wave, which means that this is a Cyclical Low, a pattern holding since 2010. This is a very bullish long-term mix and indicates that we are at or at least very near the new long term bottom. Buy and target 3.500, which will be at the time as close to the 1M MA50/200 as possible. Also it will be almost a +137.20% rise, which remarkably enough, this is by how much NG has risen initially after each bottom. Follow us, like the idea and leave a comment below!!
NYMEX:NG1!Long
by TheCryptagon
4
NATURAL GAS: Ahead of a 12 month Bull Market at least.Natural Gas is on a very sharp four month decline after failing to cross over the 1M MA50, the second most aggressive four month drop so far in the past 19 years. Since the July 2008 High, the market is trading inside a Channel Down and this sharp decline is technically the final phase of the Bearish Wave to a LL at the bottom of the Channel Down. That means that a long term buy opportunity is gradually approaching and we are estimating a fair target level to be 1.400 unless the 1M RSI touches the 15 year Buy Zone earlier. Every bottom rebound extended initially to at least +134% and that is our target (TP = 3.100) for the next 12 months. It will also be a potential test of the 1M MA200. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYMEX:NG1!Long
by InvestingScope
Natural Gas: Historic Triple Decade Support LevelHistoric Price Opportunity: NYMEX:NG1! (Natural Gas) is at a crucial level, with prices hovering at a point not consistently broken since a monthly close in July 1995. The weekly chart reinforces this, showing rare closures below this threshold over the last 30 years. Technical Indicators: RSI Bullish Divergence: The weekly RSI divergence suggests underlying strength. Historical Resilience: This price area has been a formidable support zone. Sub-$2 Entry: Historically, entries below $2 have been lucrative over decades. Fundamentals at a Glance: Electricity's Backbone: In the US, natural gas fuels 40% of electric power, significant against the backdrop of consistent year-over-year growth in electricity consumption since 1950, barring 11 years. Green Energy Transition: Natural gas stands to gain from the global shift towards cleaner energy sources. Soaring Exports: Global year-on-year rise in Liquefied Natural Gas (LNG) exports meets increasing international energy needs. Counter-Trend Investing Perspective: Every investor has heard at one time that the best time to invest is when something isn’t so hot and trendy. Well, the weather has been hot and because of that nobody thinks natural gas is trendy. Trade Strategy Snapshot: Entry: At any level in the $ 1.50s or a firm weekly close above the support zone above $1.60, displaying support confidence. Target: Volume profile's highest point of control level of approximately $2.70. Stop: A stop loss at physiological $1.50 or the $1.44 final low before levels not seen since the 1990s. HODL: A long term holding strategy of greater than a year has historically been successful, where looking for exits along the way has been ideal. As natural gas is a useful commodity this is appealing. Trading involves risks and not certainties; let's navigate the probabilities. Comment with your insights so we can uncover symmetries and diversities of ideas.
NYMEX:NG1!Long
by TanHef
4
NATURAL GAS Ultimate Cycles cheat sheet shows sell isn't over.Those who follow us for long know that when trading Natural Gas (NG1!) we use a very distinct long-term pattern that has been in effect for more than ten years and last time (January 22 2023, see chart below) has helped us take a new short at 3.174, running so far +100% in profit: As you see on this 1W chart, the price is now below the High Volatility Zone, but the bottom isn't in yet as there is still room before touching the 15 year Lower Lows trend-line nor has the Sine Wave reached its bottom. At the same time the 1M RSI is breaking below its own Higher Lows trend-line, which is a bearish signal. We estimate a Target Zone within 1.300 - 1.250. Note that a 1W Death Cross was formed in August 2023 and since the March 2009 formation, NG prices a bottom significantly (at least 9 months) later. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!Short
by TradingShot
2
Natgas: Dive in! 💦With its recent high, the Natgas price should have established the high of the blue wave (iii) and is now in an intermediate correction of the blue wave (iv). We have already drawn a target zone between $3.02 and $2.90 where the price should now dip deeper and reverse. Following the low of this move, it should then go beyond $4 again before the magenta wave iv is completed. However, there is also a 25% probable alternative, which already places the price in the last leg of the white wave alt. (c). In this context, the price would fall below the support level at $2.23.
NYMEX:NG1!Long
by HKCM_Global
NATURAL GAS Buy inside the Megaphone. Sell beneath.Natural Gas/ NG is trading inside a Bullish Megaphone and the price is now on the corrective wave after the latest Higher High. Support A at 2.860 is the first line of defense and with the price this much under the 1day MA50, the most optimal buy entry technically within the Megaphone (observe the circles). Buy now and target 3.600 (Resistance A). Sell if the price crosses under the Megaphone and target 2.500 (top of Support Zone A). This is not unlikely as the 1day MA50 is displaying a Bearish Divergence. Follow us, like the idea and leave a comment below!!
NYMEX:NG1!Long
by TheCryptagon
Natural Gas - Elliott Wave Count UpdateNatural Gas - Elliott Wave Count this is an update to the previous view. Today, the market reached a new low after a few consecutive days of decline. The current reversal appears to be the start of wave C of 4. However, it is best not to rush into buying at this moment. We can anticipate another low after the completion of wave 4, which will be an excellent opportunity to buy for a significant gain. Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading. CAPITALCOM:NATURALGAS MCX:NATURALGAS1! FOREXCOM:NATURALGASCFD PEPPERSTONE:NATGAS CITYINDEX:NATURALGASCFD MOEX:NG1! NYMEX:NG1! VANTAGE:NG
FXOPEN:XNGUSDLong
by Treda_pro
Nat Gas (UNG, NG) Retracement LongConsidering a trend continuation long in NG here. Per the attached charts (also using futures for zoning), we've had a decent pullback and are nearing intermediate-term (daily) demand. Using the futures chart, there are multiple 15-minute demand zones stacked 3.058-3.006. So, if we penetrate that zone (flirting with it now), look for micro timeframe reversal cues. Looking for a solid swing from this one, so we'll see what happens! Quick take, but want to get this posted as the trade is setting up as I type. Godspeed! Jon @ LionHart Trading
AMEX:UNGLong
by JHartCharts
Natural Gas Trend Continuation LONGNot a market we trade super often, but there has obviously been a LOT of opportunity in natural gas as of late. After a long period of accumulation, NG has finally broken out to the upside. We are looking for potential trend continuation longs. Ideally, we would like to enter this trade around the ~3.00 level (roughly coincides with Anchored VWAP + support/resistance “flip zone”), but it may be a bit before NG trades back to those prices (if it does). However, shorter-term/more aggressive entries exist via demand zones circa 3.2. We’ve formed new/”fresh” 60-minute supply @ 3.346-3.380, so that is an upside target. One should drill down via smaller timeframes (30/20/15-minute), though, to see what additional supply zones form between ~3.2 and 3.346 – it’s likely other sell levels will exist within expanded range candlesticks formed earlier this morning (EST). Smaller timeframe supply zones + any resistance levels should serve as profit targets for longs; if you enter a trade with multiple contracts, you can always hold a runner and look for new highs if upside momentum is strong. Finally, keep in mind seasonality. We are doing a more thorough analysis here, but NG tends to catch a tailwind during colder months (vs. summer)... We’ll keep an eye on this market and will provide updates accordingly. As is always the case with trading, our approach/thesis could change as price action unfolds, so use your discretion when evaluating this idea. Questions/comments welcome! Jon @ LionHart Trading
RUS:NG1!Long
by JHartCharts
Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count Natural Gas - On the 1hr chart, NG displays a clear impulse Wave formation, indicating that the market is likely to continue the bull run to the 300 range after the minor correction(may drop to the 260 range for the short term) and then we can expect significant correction toward the 180 range. Please note that this information is for educational purposes only, and it is crucial to trade with caution. CAPITALCOM:NATURALGAS FOREXCOM:NATURALGASCFD MCX:NATURALGAS1! PEPPERSTONE:NATGAS NYMEX:NG1! MOEX:NG1! VANTAGE:NG
MCX:NATURALGASV2023Long
by Treda_pro
7
Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count Natural Gas - On the Daily charts, NG displays a clear impulse Wave formation, indicating that the market is likely to continue the bull run to the 300 range after the minor correction(may drop to the 250 range for the short term) and then we can expect significant correction toward the 162 range. Please note that this information is for educational purposes only, and it is crucial to trade with caution. CAPITALCOM:NATURALGAS MCX:NATURALGAS1! PEPPERSTONE:NATGAS NYMEX:NG1! MOEX:NG1!
MCX:NATURALGAS1!
by Treda_pro
Is Natural Gas(NG) Preparing for a Big Bounce???Technical Analysis: - Natural Gas is in a weekly edging buy area and any moment it can bounce once wave (5) in blue will be done - Anyway, the big probability with actual data is that a small extend could happen in the wave (5) - H1 right side is turning down - H4 right side is down Technical Information: - If you're a position trader or long term investor, you may buy in the actual level - And if you're a swing trader, wait for possible extend in wave (5)
NYMEX:NG1!Long
by Market-Right-Side
11