Natural Gas Futures

NYMEX

NG1!

The $NG daily has been doing battle with the 50dsma for 8 months. The falling wedge is about to explode to the upside.

target 2.25

I still don't think that NG bottoms until the end of December. Just basing it off the cycles analysis idea I have going...but NG is tricky. This is what I think may be going on right now on a short term cycle. If this count is correct, then the wave 1 is longer than the wave 3 which of course would mean that wave 5 must be smaller than 3. Soooo, I extended the...

still byiing gas

I was wrong on my last idea, NG went on and dropped lower. Trend remains down until we see a close above 2.33 then 2.48. Commercials are heavy long at levels not seen since 2016. Seasonality is bullish from now to Nov-Dec. we just need to see a sustainable rally to bolster the idea of a bottom for the year. **If you're interested in joining a group of like-minded...

in 1858 the Fredonia Gas Light Company was founded. Now, 161 years later I am long NatGas.

Bullish here

2.17

Bullish here

There's a gap between 2.13 and 1.98 from 2016 which may get filled, but I think we're close to the bottom for this year. Good luck and trade safely

Long idea

Positive momentum divergence, going into seasonally strong September NG_F

worth a shot

The natural gas daily has been unsuccessfully trying to beat the 50dsma for 5 months now. A gap up may be needed to beat the 50 and the falling wedge.

NG seems to be working a bear flag, I'm still looking for a tradeable bottom, until then I'll be staying on the sidelines until market finds a bottom and show (SOS) sign of strength. 1.9 seems likely at this point, if thats the case NG needs to bottom this month as bullish seasonality starts early Sep

Pretty good track record since 2009 of getting long in August for the annual inventory build up going in to winter. Current inventory levels (see chart here: ir.eia.gov) are close to the 5yr average so expectations for the trade will also be average.

NG finished his downtrend for last half year with a big reversal signs'looking for retreacment for entering long position,first target is 2.48 Good Luck

The strong rally today suggests that NG low of the year might be in, bullish divergence in play, biggest hurdle would be a close above last swing high at 2.488 * seasonally NG bottoms in the last week of July, so looks good timing wise ** Just an idea NOT a forecast