In the wake of widespread winter weather last week, the volatile natural gas futures front month, specifically the expiring February contracts for UNG, are witnessing a robust uptick.
Traders are eagerly anticipating a potentially record-breaking storage withdrawal, adding fuel to the bullish sentiment.
The market's sharp rebound in early trading on Thursday...
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As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various...
Last Friday eve,I was checking this chart and the flush seemed to be on the cards..it happened..reaction has been monitored and now bullish momentum in the breaker box needs to be seen...Risk management..GL
Looking at a cycle analysis and elliot wave pattern it looks like the natural gas is going to go down in a wave 5 during february and mars. Looking at the cycle analisys and at the fib levels it also adds up.
I think that the biggest players wants to grab as much liquidity as possible before entering long again, and is therefore pushing down the prices. If you...
NatGas breaking the 2.2 level is certainly the call for me to enter a long position. I believe this is well under as it wasn't that long ago we were floating around the 8 mark. Over the next two months I expect it to make a move towards the 8although I think it will stall around the 5 mark and consolidate for a short period while people take profits.. Before...
Natural gas. I'm just counting waves, trying not to pay attention to reports of a warm winter and general pessimism.
I correctly predicted the recent top, but I did not expect the price to fall so low. In retrospect, it appears to be fine from a technical standpoint, despite some disproportions on minute timescales, but hey... it's gas. It is frequently...
The good news about Natural Gas is after adjusting for inflation, but still it is positive when the price of energy is low and affordable for consumers. We have a lot of natural gas in the USA and when the price stays the same and inflation makes your wages and income go up and makes the affordability of energy go up as well.
It is easy to remember the headlines...
Hi guys, I dont remember if I published this idea yet, anyway the pattern after this low gap it seems the same.
Let's see if oligarchs will leave EU one year without ultra pay their bills.
From a technical standpoint, Natural Gas is currently at levels where there's very very limited downside and major potential for upside.
Many times when we've seen prices come to these lows, price shot up hundreds of %. It's unlikely that we'll hit 0 and therefore balance of probability suggests that going Long on Natural Gas would be a good bet!
Trade Idea:
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Double Bottom Oversold Stoch RSI. The technical analysis indicates a Double Bottom pattern along with an Oversold condition in the Stochastic RSI. This combination suggests a potential reversal or a bullish momentum in the market. The Double Bottom pattern is characterized by two consecutive troughs at approximately the same price level, indicating a possible...
We have been consistent with our calls on this commodity.
We warned you of lower price action to come and it has come!
new downside levels have been calculated that Nat gas breaks the $2 level.
We should see an intraday bounce tomorrow for a nice day trade move.
Aug 27
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Hi all,
Big long opportunities are araising in natural gas.
Now there are still a big selling pressure and roon for the RSI to get the oversold area. So in my opinion 2.131 is a good level for start buying. But the desirable level is the 1.643 and it can be reached as there is no clear pattern for revesal trend.
Nevertheless both levels are good as it can provide...
Nnatural gas buy to resistance area only that show on chart.
rules: If price goes down on buy area then entry for long and stop loss is below buy area.
