Natural Gas Futures

NYMEX

NG1!

Itsallsotiresome

Natural gas at the daily view. Natural gas experienced a pullback. That shouldn't be surprising at all since profit taking after a spike up is normal. The lower blue line is the ascending resistance stemming from March 23rd. Interestingly, a long-term channel line is also acting as temporary resistance. So, natural gas has two choices. Either natural gas...

cyclewave

Natural Gas futures ( NG1!) is in impulse cycle, which is about to end soon after one minor high. so stay bearish as wave A of (Y) up will end and target will be B of (Y) down. A very good risk-reward ratio found in the trade. The good divergence confirm the cycle will end soon.

algofutures1

A day of confirmation the uptrend starting the beginning of the month Wait for breaking 2.300 and go long; Next Target 2.550

ThinkingAntsOk

Main items we can see on the chart: a) The price was inside a range after reaching a major Support Zone b) Currently, the price has broken the range with a solid bullish movement c) Now we are expecting a clear correction about 3 weeks d) If that happens we will be ready to take long positions based on our weekly perspective Weekly Perspective ...

SureshVijayaraghavan

Natural Gas : Tgt 1 : 2.092 Tgt 2 : 2.032 Tgt 3 : 1.972 Tgt 4 : 1.887

Natural_Gas_Trader

Bulls are still hanging on with a chance of changing the weekly trend. Price does look exhausted and a seasonal cycle low in August is very possible. Green line is based on brief consolidation and continuation. Price target is $2.15 Orange candles is the June price action. Red is a steady grind lower over the next 3-4 weeks. Both the orange and red have price...

Hans_ETH

as a professional natural gas trader i see a breakout soon!

ryan-snk

Winter contracts for Natural Gas are already trading near the pivotal $3.00 level. If Winter this year turns out to be average prices will likely sell off towards $2.50 (the 200 Day EMA). However, if production continues to fall and Winter is cold enough, prices can break above $3.00 and complete the parabolic move that is forming. If the latter happens, I see...

Itsallsotiresome

Natural gas is finally in season due to the increased demand for A/C. Natural gas made an inverse head and shoulders pattern for the past few months. It met resistance right at one of my green lines. It's green because it will eventually become support in the future. Natural gas is very seasonal. Right now, the demand has increased due to the hot weather in...

ThinkingAntsOk

Main items we can see on the chart: a) The main idea here is to wait for the same pattern that happened on the previous 2 reversal movements and assume it will happen something similar now b) The first item is a clear breakout of the descending structure. That, it's happening right now, this breakout will be enough to match with the previous scenarios c) ...

dchua1969

but it takes 8 months of consolidation and patience......... Yet, the result is not final as it could do 2 things now : 1. falls back to the bottom at 1.40 2. breaks out from 2.103 and continue trend higher I like to think Option 2 is more likely so I will wait for the breakout and observe the patterns first.

alifx01

next time is full bullish move

Natural_Gas_Trader

This bullish scenario is only for reference, I do not consider it the most likely outcome. For the bulls to turn this into a recovery likely need to see only brief consolidation before continuation. As much as this is a case for the bulls it is a cautionary message for the bears. Trade with a open mind and remain protected at all time if the bulls got momentum it...

culturalSucces18650

short natural gaz

giamka

On the weekly chart, the GAS may have found a resistant bottom between 1.45 to 1.55. The price action, here, seems reluctant to continue its fall. We should consider that price is close to its historical minimum, which is 1.16, happened between the '91 and the '92. Despite past performance do not represent future happening ( clearly showed by WTI ), it's surely...

InvestingScope

NG is trading on a Channel Down on the 1D chart (RSI = 48.535, MACD = 0.007, ADX = 20.341) since the May 5th Top. The MACD is currently making a sell cross, so if the Former Higher Low trend-line breaks (dashed line), we will sell up to the 0.786 Fibonacci retracement. ** If you like our free content follow our profile to get more daily ideas. ** Comments and...

Lanmar

Natural gas hit the demand curve four times in the last 14 year. The average percentage gain from the lows of the curve to the highs exceeds 200%. This is the fifth time hitting the curve. If the lows hold, we could see a similar violent reversal off the curve.