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Austrian CEGH VTP Natural Gas FuturesAustrian CEGH VTP Natural Gas FuturesAustrian CEGH VTP Natural Gas Futures

Austrian CEGH VTP Natural Gas Futures

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jimbo1968
NG1! Market Update - Sept 22nd

Current Market(Combo Daily & Weekly):
Bullish 43%
Bearish 57%

Weekly Only:
53% Bullish

4-Hour Timeframe:
Bearish trend active

Technical Levels
Support levels: 2.80 and 2.70
Resistance weekly pivot 2.96

Market Context
October contract expires soon with November becoming the front month. Currently sitting in the "no heat/no cool" comfort zone while gas storage fills at approximately 90 BCF.

Key Catalyst: Weather flip from bearish to bullish as October temperatures drop below 64°F.

Outlook
This is largely a waiting game at this point. The weather transition will be the primary driver moving forward.
Let's see how it plays out - good hunting!
Stox_Ware
NATURALGAS1! likely to recover....need to mention this is for scalping.....this need to sustain above 255 to be fully sure
jimbo1968
NG1! lets see how far the ball goes
3.17 day pivot 3.12 resistance next then 3.20 weekly resistance

good hunting
Snapshot
jimbo1968
NG1! NG1! Study Odds Update (Price $3.00)

Core Odds:
Bullish: 45%
Bearish: 55%
technicals are not caught up on the shorter term time frames 4h 5h 8h day but lets see what end of day looks like,

Weekly Odds
Bullish: 80%
Bearish: 20%
switching to weekly time frames pictures is different, holding long for the week time frame,

NG1 needs to get above 2.99 and then close above 3.04 weekly pivot, and then 3.11 for a gas on the fire move, upside target in the 3.38-3.46 range if this happens, 1-2 weeks time line, lets see how this plays out. good hunting
Snapshot
Krishinas
NATURALGAS1! Price has dropped to 50% -259.6 of last day price last hope is 61% that is 254.4 for any reversal. Any warmer weather forecast should help to bounce back from here….
jimbo1968
NG1! a tricky spot at $2.99, testing resistance.

Odds:
Bullish: 48%
Bearish: 52%

Price hit the downside target of $2.90 from last week's chart, price action looks like possible backtesting or short covering today. Bulls need to hold $2.99 close. Friday, so expect selling pressure today. The weekly timeframe still looks promising, but waiting for the candle close.

Good hunting!
Snapshot
NG1!
Looks like they really like pumping
If winter would be cold it could support the price
Yet do not forget that the price can change direction any time without logic
Looks like we are still in bearish trend
Snapshot
jimbo1968
NG1! holding pattern till EIA report?
Odds
Bullish: 66%
Bearish: 34%

$3.15 weekly pivot needs to clear this for more up, 2.99 support
good hunting