NG bottomed!!!!Potential bottom and start of cycle for NG, scale in and hold... enjoy the ride UP!Longby Santaclozy443
$NGAS Expecting a bounce of the 1.272 ext 2 day daily tf shown, Tp 1 stop is even @382, (take half) , Tp 2 is @ 618, (take half of balance) Tp 3 is optional. Traditional stop per pattern is below 1.414 extension (Butterfly) I will be doing a video tutorial on harmonics and sharing some set ups to watch out for. Stay tuned please:) Longby HiddenharmonicstradingUpdated 2217
Long Natural Gas based on temperature decrease in USFundamental: 15.01.23 Weather reports point to the possibility of a further drop in gas prices amid forecasts indicating the likelihood of unusually mild temperatures in the United States through mid-January, Gelber's note said. 16.01.23 After consecutive weekly declines at the start of the new year, natural gas futures rebounded on Tuesday amid expectations of more cold spells later this month. The spot price fell about 27.6 cents on Friday after several days of unusually warm weather to start 2023. Production also proved strong and stood at around 101 billion cubic feet per day. It remained near record levels of around 102 billion cubic feet per day. However, natural gas prices are more than 50% lower than they were just a month ago, and for futures contracts to maintain an upward trajectory, cold air needs to arrive soon and other February predictions may need to be made. The U.S. National Oceanic and Atmospheric Administration's eight-to-14-day forecast calls for below-average temperatures in the western, midwestern and southwestern parts of the lower 48 states. 18.01.23 US gas prices are rising today (knowing that volumes are limited due to MLK Day), while European prices are falling sharply. There are new weather forecasts for the last week of January in the United States. Temperatures are expected to drop significantly across most of the United States, to below average levels. It turns out that February could bring more volatility for natural gas. Seasonality indicates two local troughs (cold winds) - January 21 and February 4. "Looking ahead, it's not out of the question that NYMEX gas futures will return to $5 mmBtu or higher, but it will take a lot of arctic air to dominate the nation for several weeks," adds Gelber's note. "Conversely, if the weather forecast models revert to a longer spell of warmth, this would set the stage for new lows for NYMEX gas futures." Technical: - RSI over 30.0 + Standard deviation increasing (high volatility) - High volume at $3.54 - Support reached Longby thefrenchsniper114
Natural Gas Chart looking interestingIt is safe to say that NG has been bleed out recently, and is looking very oversold. I am watching closely here for a long position. Momentum looks like it may shift bullish soon. NLongby farmtrader15Updated 339
Nat gas - buy ideaI expect a corrective setback, price has charted a nice ending diagonal. Note: a clear SL - below 3,1 As the fifth wave in the ending diagonal (converging) shall not be larger, than wave 3. Given the size of the down move overall, this risk looks small compared to the upside potential. Also, trading reversals is risky, therefore I usually scale in gradually. Trade safe.Nby UnknownUnicorn33825802210
NATGAS (XNGUSD) ALL NEAR Support and Resistence AreasNatural gas (XNGUSD) is currently trading near key support and resistance levels. The near-term support and resistance levels are important to watch, as they can provide insight into the direction of the commodity’s price. 15M Chart: by TradeConfirmed114
Natural GasNatural Gas approaching into a very significant support level and I do expect the price to bounce from here. If you find this work useful hit the like button.NLongby HaremRebwarUpdated 6617
Natgas - updateLocal wave 3 down complete, expect a pullback towards 1.382 level, and then the dump - to complete: - wave 5 (local) of the impulse down - H&S target Trade safeNLongby UnknownUnicorn3382580Updated 343411
Wave Plot...Clear 5 waves up and in the process of ABC down - Looking to have more downside on this C leg but there may be a bounce up before the correction completes.by Swoop61113
NG weekly forecastIf there would be a bullish move, this is what I anticipate to see during the week, if bearish move continues price will break latest lowest low first and then bottom black line instead of reversing on Tuesday.by MCBRNTRADER3
NATURAL GAS: It seems that the price may reach 2.5 soonNATURAL GAS: It seems that the price may reach 2.5 soon For a long period of time, Natural Gas is in a clear downtrend. It looks like it was a selling opportunity in all the bullish moves that Natural Gas created. As you may see on the weekly chart the price closed a red candle week after week and it is very dangerous to suppose any bullish move in these conditions. Price already broke down also from 3.5 which is a strong structure zone. Considering that many factors probably we could see Natura Gas to move down up to $2.5 that is dating back in August 2020. Thank you and Good Luck!NShortby KlejdiCuni111118
Natural Gas is looking for a bounceWe could see a move up in Natural Gas this week based on some indicators that I will explore in this idea. NLong03:29by TonyTiger842211
Bounce soon?Bull divergences on HTFs appearing now, simple trendline to follow. Target: 4,6$, 4,9$Longby Invi11127
NatGas forecast #001 2023Expe expecting some bullish retrace of this matter such a magnitude thereafter I could be expecting a retrace followed by higher prices or a complete reversal for a bearish continuation And and remember kids you can make a million Dm for upto date updates and signals group linksNLongby Bekiumuzi_DubeUpdated 114
Gas nearing bottom imoMonthly chart suggests price nearing lowest levels. Gas storage needs reffiling by Edvardinis3
Natural Gas 4H Inverted Head and shouldersNatural Gas 4H Inverted Head and shoulders Are gas prices absolutely going to explode? to $17 per MMBtu Let me know what you thinkNLongby jdo85Updated 119
NatGas is Crashing. How Low Can We Go?In 2005, hedge fund Amaranth booked a profit of $1bn trading Natgas. A year later, it collapsed with $6bn loss as the Widowmaker fell from 16.3 to 4.5. Two years later the price dropped from 14 to 3, a 79% dive. In my previous posts I kept talking about bear flags and shorting NatGas. However I believed that max pain was 3.5, which is 65% from the top - August 2022 - how could it go down further, I thought. Well, now looking at historical data, I've changed my mind. There's nothing to stop the Widowmaker from going to $1 this year. NShortby davidb3110108
Natural Gas (NATGASUSD): How to Buy With Confirmation 💨 Natural Gas formed a harmonic abcd pattern on a weekly. Its completion point matches perfectly with a horizontal key level. I am currently looking for a confirmation to buy. I will look for a bullish breakout of a falling channel on 4H. It will confirm the strength of bulls. Goals will be 4.08 / 4.36 Alternatively, a bearish breakout of a blue area will push the market lower. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️NLongby VasilyTrader131320
Natural Gas - possible bounce area*Not financial advice* Looking for a bounce in Natural Gas. NLong04:48by TonyTiger844
GAS EXELENT LONG SETUPBeautiful setup with high probability for long swing trade. Falling wedge, followed by breakout and retest. Oversold on all time frames. This is excellent setup for a long swing. Target is 4.8, which is previous long support (now most likely resistance) 4.8 is also exactly at fib .38 I entered yesterday Due to high volatility, I don't recommend to trade it, swing is the way to go. I am in with 15% of my portfolio. NLongby abigreenUpdated 228
NG trade ideaMarket traded below old weekly low possible retracement on last daily swing, hoping to see a retracemetn during NY sessionLongby MCBRNTRADER2
Third time lucky!!! Buying NatGasTrade Idea: Buying Natural Gas Reasoning: Invesrse head & shoulders on hourly chart at major support level. Posted a bullish hammer on daily. Entry Level: 3.722 Take Profit Level: 4.418 Stop Loss: 3.543 Risk/Reward: 4:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Longby Signal_Centre116
Every Traders Dream Chart PatternThis is a Dream chart pattern to be found. Multiple confluences of patterns and support lines intercepting at the same place. You can see that there is a huge bottom support line intersecting with a down sloping support line. On top of this, we have a reversal pin bar on today's chart and the completion of a bear flag . This is a 80% probability of success pattern. This is a Gold mine finding. I'm so confident on this pattern that I will be risking 50% of my portfolio. NOTE: This is not a financial advice. This is my on trading and how much risk tolerance I can take. You should only risk the money you can afford to lose. Happy trading.NLongby ppatrading101773