Natural Gas Please find below levels for Natural Gas for 19-09-2022 It is purely intraday supports and resistance for the said date Thank you by Ganesh0109870
Sep 18,22-NG-Will it close below level?So I find a decent Support level around 7.5 - question is....will price close below 7.5 on Monday or not? If so, I think price could drop to 7. If not, price could consolidate for a while, then go up or down depending on a million things. I'm not looking for a sell order. I'm waiting for price to bottom out - then I will catch the rise, probably back to an ATH this winter. Winter scares me - between the cold and the war, I have no bloody idea when and how high NG will soar, but it scares the hell out of me. One thing I DO know is...I wanna ride that price action all the way to huge profits. I'll keep you updated as the week progresses. HeikoShortby HEIKOTradingSystem2
NATURAL GAS Here is my analysis of natural gas we have a big sell that came from the market retest as correction of bearish wave (c) with a high strong momentum after US inventories of the fuel rose more than expected, still anticipating to sell more of it selling to the downside breaking below the previous low. Levels to take note: -NG- . 8.207 Broken support which is now resistance (0.618 Fib) . 7.652 Current support (0.5 Fib) . 7.133 Expected support (Targeted support 0.382 Fib)Shortby Joshua124lupito4
ENERGY NATuRAL GAS (NG1)Here is my analysis of natural gas we have a big sell that came from the market retest as correction of bearish wave (c) with a high strong momentum after US inventories of the fuel rose more than expected, still anticipating to sell more of it selling to the downside breaking below the previous low. Levels to take note: -NG- . 8.207 Broken support which is now resistance (0.618 Fib) . 7.652 Current support (0.5 Fib) . 7.133 Expected support (Targeted support 0.382 Fib)Shortby Joshua124lupito1
NG buying opportunity or Selling???I am not a professional trader. But noticed a few points thought of sharing. Mostly I am bullish with NG. Especially from 2021 each drop I noticed as a buying opportunity. However, thought of alerting those who are bullish like me to be more careful at this point. Bulls to be careful for getting confirmation before any buy due to the below reasons. 1. Even On daily timeframe, a Head and Shoulder pattern is being formed 2. broken daily 50ma and 100ma 3.Broken 200mas on 1 hour, 2 hour, 4 hours and might be going towards daily 200ma - if hit there of course a good place to buy. 4. my AI code also asks to sell from 2nd Sept. Good Luck02:19by rubyps0
Natural Gas - The Winter is Coming I decided to analyze the natural gas as the winter is coming soon, for Europe. I didn't use NYMEX:NG1! because as we all know the Europe relies heavily on Russian natural gas, which I think might be a better indicator for predicting the natural gas in Europe, especially in Germany. As I was researching, I have drew out some Elliot waves based on my personal opinion. Seems like there is more extension incoming for natural gas, and I DO NOT think the Fed, or the ECB would stop their Monterey tightening. Thus, I doubt CPI in Europe could be well soon, and I do think a BAD energy crisis is arriving, soon. Feel free to share & comment, and let me know your ideas. Longby Kujo_Qtaro0
E-mini Natural Gas Futures (QG1!), H4 Potential for Bullish RiseType : Bearish Drop Resistance :8.500 Pivot: 8.125 Support : 7.680 Preferred Case: On the H4, with the Stoch is below 20, and the price is above ascending trendline, as well as ischimoku cloud, we have a bullish bias that the price may rise from the pivot at 8.125, which is in line with the 78.6% fibonacci retracement to 1st resistance at 8.500, which is in line with the overlap resistance. Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 7.680, where the overlap support and 50% fibonacci retracement are. Fundamentals: No major news.by Tickmill0
Sep 16,22 NG-How low will it go? 7?Hopefully you all made some decent profits this past week. There looks like there is some support around 7.8ish. I'm thinking though it might get down to 7 as recession rears kick in and the world expects a slowdown. Remember, this is that lull before winter kicks in and NG usuall goes up in winter due to demand. This year?!?!? Who knows how cold it get, or how early the cold weather will hit. Sometimes in October, sometimes in December. Strap in and hold tight - gonna be a crazy next 6 months. HeikoShortby HEIKOTradingSystem7
E-mini Natural Gas Futures (QG1!), H4 Potential for Bullish RiseType : Bearish Drop Resistance :8.500 Pivot: 8.125 Support : 7.680 Preferred Case: On the H4, with the Stoch is below 20, and the price is above ascending trendline, as well as ischimoku cloud, we have a bullish bias that the price may rise from the pivot at 8.125, which is in line with the 78.6% fibonacci retracement to 1st resistance at 8.500, which is in line with the overlap resistance. Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 7.680, where the overlap support and 50% fibonacci retracement are. Fundamentals: No major news.Longby Genesiv1
Natural Gas / NG - What, Truly, Is a Bull?The terms "bullish" and "bearish" when used on Twitter and TradingView and in the media are more or less just poorly positioned synonyms for "going up" or "going down." Yet, it's a misnomer because some of the craziest pumps you'll ever see are during bear markets, and some of the craziest dump-a-thons you'll ever endure are during the most parabolic bull markets. Right now, the energy world is ablaze because the Russian Federation has more or less cut Europe out of Nord Stream 1 while Europe is already in the middle of an exceptional energy crisis, wrought by its own choices to follow the globalist-communist bloc in trying to punish Putin for a war in Ukraine that roots back to more than a decade of U.S.-NATO-led pot-stirring. News like this causes Europe's natural gas futures to print remarkably stupid prices, making a huge amount of widows from those who were trading short, and energy companies who are paying those prices and yet cannot charge those prices to the end user because of socialist command economy policies placed by the government. However, for North America's Henry Hub futures, Europe needing gas doesn't really help, because the Freeport terminal that's really the only place that LNG gets exported in any meaningful quantity blew up in July. It was supposed to come back online in October. And yet, news of its delay until at least November already printed on Aug. 23. Taking a look at the monthly, you can see that NG is still, really, historically cheap: The Biden Administration is going to donate a great quantity of natural gas to Europe once Freeport is back online. In my view, we're going to see a new all-time high print. Something that starts with the number "2." But before we get there, it's important to keep a cool head, and ask yourself: if Freeport has been offline since July and was set to come back online in October, why does price meander in this $8-9.50 range so early? Taking a look at the weekly provides some context: Before Freeport blew up in the first place, NG was flirting with $9. Once it blew up, it immediately took a three week liquidation spree to $5.50, with the worst part of that trip occurring on the final day of June as monthly futures contracts settled. Then it bounced. And for a commodity whose market maker usually likes to whip it up and down and gap up and gap down with violence on daily and weekly opens, it really just went in a straight line back to $9. Expanding down to the daily, it's even more obvious how much this traded like the SPX500 does when the Fed's money printer is doing work so that 75 year old men can mash buy and take a nap: And now here we are, entering the second week of September post-Labor Day. All the propaganda outlets and pundits crank the sirens, chanting, "Europe Natural Gas Utilities Crisis Russia Gazprom Texas Heatwave High Pressure Heat Dome California Electric Grid Shortage!!!" And all of that is true, just like all of that was true for WTI Crude when it traded at $125 for two months. And yet somehow, despite the fundamentals and all the pundits calling for $180 and $350 BECAUSE REASON S, oil is down 30% and it still isn't finished dumping. So, why is it? It's not hard to figure out. It really isn't. Retail buys high because they see confirmation that something is going up, and then panic sells when it gets rugged. And then when it goes back up they mash buy at a higher price than they sold at because of "Fear of Missing Out," and then they don't sell when they're in profit because their target on the SPX is 12,836 because Gann and Elliot said so, and everyone wants to be that guy you hear about who bought Google at $2 and held it for 20 years while playing golf. If Shell or Exxon traded like that, they would be bankrupt, none of us would have electricity to read these words, and we'd all either die from heat exhaustion or freeze to death without AC and furnaces. The reality is that when NG dumped at the end of July, it still didn't dump deep enough to enter a discount in this overall trading range. We've simply been watching what is still currently the 7th straight week of premium trading. If Natural Gas is going to go to $20 when Biden starts donating energy to save NATO's European arms, it really would make a lot more sense if some time were spent so companies and funds could accumulate a significant position at a relative discount. And indeed, there are at least two fat and curiously unchallenged double bottoms presented in the 4H chart that just happen to be in the sub-50% dealing range and at a price so low that it will have margin calling and leave ZeroHedge and Javier Blas from Bloomberg and friends in bewildered disbelief as to how energy commodities aren't worth anything "in a recession." I often say that what a person thinks can happen and what is actually happening in this world and this Universe are simply two totally different things. A human being is heavily deceived by the slow grind of time and the ostensible appearance before their eyes. Reality, on the other hand, simply follows a certain law and it will complete itself according to that law no matter how anyone cries about it. Whoever is in harmony with the law will establish themselves, and whoever is afoul of the law will get liquidated. The caveat to this chart is time. I can only fit so many 4H candles in a window and so the time on this chart only extends into early October. These lower prices, if they really come, could happen later in October or even in November. And while it'll really be quite the opportunity, it's also a "second mouse gets the cheese" kind of thing for those who are trying to get long for the moon at $7 and $6.by LordWrymouthUpdated 8810
E-mini Natural Gas Futures (QG1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 9.250 Pivot: 8.945 Support : 8.495 Preferred Case: On the H4, with the Stoch is over 80 and the price dropping from the 1st resistance, we have a bearish bias that the price may drop from the pivot at 8.945, which is in line with the 23.6% fibonacci retracement and overlap resistance to the 1st support at 8.460, which is in line with the 50% fibonacci retracement and overlap support. Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 9.255 where the pullback resistance is. Fundamentals: No major news.by Tickmill0
Natural Gas Season is Going to Start!Fundamentals Reasons for Natural Gas Buying: Russia-Ukraine war and Europe Energy crises: Russia has continued to escalate economic pressure on Europe with the shutting down of the Nord Stream 1 gas pipeline. The European Union receives about 40% of its natural gas from Russian pipelines and about a quarter of that flows through Ukraine. Germany gets roughly half of its natural gas from Russia. China agrees to pay for Russian Gas: The move is beneficial for both countries -- China is able to secure cheaper supply and resell shipments from more expensive exporters to utilities in Europe and Asia, while Russia can continue selling fuel at a profit. Japan and South Korea, traditionally the top destinations for Sakhalin LNG, have stopped buying spot shipments from the plant since Russia invaded Ukraine in February. Winter Season and Demand factor: In the winter demand for natural gas is at an all time high because the majority of U.S. homes have heating systems that use it as a power source. If temperatures remain low the increased demand could last into early Spring. Demand gets so high in winter, the U.S. imports natural gas from Canada, Trinidad and a few other countries. Gas prices could target next technical range of $8.60-$9.70 As you can see in Daily TF Gas shows some bullish momentum and prices still prevailing above 100 EMA. Moreover, Crossover of 20EMA and 50EMA shows me a Bullish bias. Current Price= $8.550 (MMBTU) Buying Range from 8.550 to 7.980 Initial Target = 8.980 2nd Target = 9.710 3rd Target = 10.400 StopLoss= 7.600 Longby usmand334
Nat gas back to the 5'sFirst wave looks finished and now the C part of the ABC looks like it has started. Expect a swift move down to 5.50 (lower weekly BB area), but I think it would be a long term buy from there. Keep in mind however, there is steep monthly bear divergence now on this chart and the possibility that this is a long term top must be kept in mind. Either way, 5.50 should act as support in both cases. Shortby the_sunship228
Energy Natural gas idea (15/09/2022)Natural gas during the day. The correction in wave 2 may be over, as the rise in the third wave has already started, and it may target a new level above 10.01, but this rise depends on trading remaining above the bottom of 7.532 as well, if trading remains above the bottom of 7.761, we may see an increase in prices.by tradezign1
Daily NG analysisDaily NG analysis A long position with the target and stop loss as shown in the chart The trend is up, we may see more upside All the best, I hope for your participation in the analysis, and for any inquiries, please send in the commentsLongby Hamed20sUpdated 111
E-mini Natural Gas Futures (QG1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 9.250 Pivot: 8.945 Support : 8.495 Preferred Case: On the H4, with the Stoch is over 80 and the price dropping from the 1st resistance, we have a bearish bias that the price may drop from the pivot at 8.945, which is in line with the 23.6% fibonacci retracement and overlap resistance to the 1st support at 8.460, which is in line with the 50% fibonacci retracement and overlap support. Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 9.255 where the pullback resistance is. Fundamentals: No major news.Shortby Genesiv0