Natural Gas - Head and Shoulder target 5.325Head and Should Target 5.325 also coincides with July lowsShortby gmaster29Updated 1
Natural Gas D1The situation that has developed in the energy sector is rather complicated but not critical! Since the beginning of full-scale hostilities in Ukraine, natural gas prices have soared by almost 200%, and this is taking into account that the heating season has almost come to an end. The issue of gas supplies to Europe is one of the key issues in this matter (in my opinion). At this point in time, the heating season begins. During which gas consumption increases significantly. Although European countries have prepared for the season regarding gas reserves and are also ready to save. You need to understand that new gas supplies will come mainly from the Baltic countries and the United States. Gas supplies from America are more expensive, because logistics services incur additional costs. In order to keep prices at this level, gas producing countries need to increase gas production, which creates additional difficulties and waste. And most likely, during this heating season, gas prices will rise again.Longby TradingForProfitPro1
Natural Gas | Need More LowThursday, 20 October 2022 16:13 PM (WIB) Natural Gas is entering a bullish area as it broke 61.8% but still heading to 78.6% or even more low. I’m expecting the price could hit the ground support for more easy and minimalist risk to trades. If the price reaches the ground support, the Head and Shoulder Structure Patterns would be the best direction to trade. by RyodaBrainless2
Oct 19,22-NG down to 5.5-going all in BUYSo price action has continued to fall and I'm leveraged a bit now. I put in another Buy order at 5.5 wondering if tomorrow is the day when price action rebounds because of the storage report. Who knows - it's anyones guess. Price might fall down to 5, I dunno. But if it rebounds tomorrow, I'll be in good shape. Price has continued to fall because of warmer than expected weather across the U.S. throughout Oct and into the beginning of Nov. As soon as that first cold snap comes, I will be sitting pretty to take advantage. Stay safe all. HeikoLongby HEIKOTradingSystem11114
NGSuper oversold but tapped the daily demand zone today. I'm long some BOIL for a short term bounce. Hedge on the increased heating bills to come this winter lol.Longby Essendy0
Natural gas - approaching critical zoneTrendline and horizontal support lines approaching What happens here will be critical for NG bulls by yossarian1210
Natural Gas Selling OffNatural gas has been extremely volatile this year and has recently broken below major trendline support and continued selling off. Even with the volatility we have seen, with sharp moves higher followed by sharp moves lower, the market is still up almost $2 on the year, and we are looking to test a strong support level from the July lows. This market is the most oversold we have seen since before the pandemic, and the market has responded very positively this year off oversold levels. If the market can hold support at the July lows, we could see a nice bounce higher and look to test the 50-day moving average, which is now strong resistance.by Ryan_Gorman2
NATURAL GAS Futures (NG1!), H4 Potential for Bearish MomentumType: Bearish Momentum Resistance: 600.5 Pivot: 516.5 Support: 327.8 Preferred Case: On H4, as the price moving below ichimoku cloud and descending channel, we have a bearish bias that the price may drop from the pivot at 516.5. which is in line with the overlap resistance to the 1st support at 327.8, where the 127.2% fibonacci extension is. Alternative scenario: Alternatively, the price may rise to the 1st resistance at 600.5, which is in line with the 38.2% fibonacci retracement. Fundamentals: There are no major news.Shortby Genesiv0
NG1! Reloading time may be approaching(BG) GAS appears to be nearing the completion of a large flat A-B-C structure. monitoring for long setups. Looking for an RSI divergence and a low below 5.35 then start collecting/building small positions. The 5.00/4.65, .618 fib, and major yellow trendline price should provide support for a bounce. If count is off by a wave It could bounce before then so keep monitoring using your own due dill. obviously a break below the trendline would be bearish and expect a retest of the trendline before continuing lower by wolffarchitecture115
Cycle Analysis on Natural GasEach day we hear about energy crisis, but not that much about the 40% drop on natural gas in the last 2 months. 20-22 price action looks similar to 99-01. More weakness coming? by ew-forecast1113
Follow up on the nat gas wedge from 2020Look like it is playing out just like the last massive inflation cycle we saw. There was no indicator of the Russia Ukraine war at the time of posting the original wedge. Having posted this two years ago at the beginning of the blow off top and seeing how things unfolded. I will be hunting more cycle plays like this oneLongby Coach_Kev0
Oct 17,22-NG Put in a Buy Order @ 6So price action has dropped like crazy for NG...I still have my Buy order at 7 so I added another Buy order at 6. I think the lowest price will go will be around 5.5. I will put another Buy Order in at 5.5 if it gets that low, otherwise I will ride the price action back up to infinity and beyond! ok....maybe just to 10 or so. Anyway, stay safe everyone - as you can see, price action is now OUTSIDE the Linerar Regression Indicator so price should be going up any week now. Not to mention the War and the Winter and Euro and Asian NG prices skyrocketing...anyway. HeikoLongby HEIKOTradingSystem225
✅NATGAS MOVE DOWN AHEAD|SHORT🔥 ✅NATGAS was trading along the rising support But now we are seeing a bearish breakout So I am bearish biased and I think That the price will fall down To retest the demand level below SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ Shortby ProSignalsFx6610
NATURAL GAS Support Ahead! Buy! Hello,Traders! NATURAL GAS is going down But a horizontal support level Is ahead so after the retest A bullish rebound is likely To happen with the retest Of the target level above Buy! Like, comment and subscribe to boost your trading! See other ideas below too! Longby TopTradingSignals225
Natural gas going to support ??Natural gass going to support at 477 is final reversable support .. aftert that may trend change happenLongby manikandan00231
NG - The ConsolidationFor the last few weeks, NG has been consolidating as the other financial markets move all over the place. The bearish head & shoulders pattern from June/August may not apply anymore due to the flattening. In previous natural gas declines (like late 2005-early 06) it would decline quickly and sharply after showing this sort of pattern. This does not look anything like that. Even if it were to go down further, it needs to go up to some sort of support (I marked the ~$7.80 on my chart) so that it can regain the lost momentum. It seems to be bouncing off a longer-term trendline, which could be problematic. That being said, it doesn't have to be very volatile and it could quickly reject. I would recommend waiting for it to go to some sort of level and entering short there. My overall bias on this chart & natural gas in general is to the short side. Every time NG has been up to these levels for whatever reason, it goes back down again even if just to $4 or $5. Any sort of breakdown below the trendline could also hold. The winter is coming up, though, and you may have to adjust for a slight bullish bias if you plan to keep holding anything. by roxythetradermage4
Daily NG analysisDaily NG analysis Sell trade with target and stop loss as shown in the chart The trend is down and we may see more drop in the coming period in the medium term All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments. He gave a signal from the strongest areas of entry, special recommendations, with a success rate of 95%, for any inquiry or request for analysis, contact meShortby Hamed20s0
Natural Gas: The supply-demand dynamic is at a critical stageDeutsche Bank reported that in a particularly critical phase is the supply-demand dynamics regarding natural gas towards the winter season, which the behavior of households will be decisive in the coming months, as their consumption represents a large percentage of total consumption. A supply failure is likely to be avoided at least as the scenarios confirm that a 20% YoY reduction in consumption this winter (and flat annual demand thereafter) is likely to lead to some shortages either early in 2023 or the winter of 2023/24. The reduction in Germany remains at 40%, while if demand falls by only 10% YoY stocks will not be exhausted even in such a scenario. For certain, fill levels would fall below 10% in late winter 2022/23, but this would not put energy security in doubt until 2024. The European Commission is working on proposals to limit prices. While negotiating with reliable suppliers, for instance, Norway, and strengthening common markets seem to be the Commission’s preferred options, the idea of a (temporary) price cap on imported natural gas is gaining ground. The greater the potential for the implementation of a cap the lower the success of the implementation of the first two measures. Such an implementation could lead to increase supply risks, depending on the design of such an import price cap which would accompany the mandatory demand reduction. From an Elliot wave perspective, we will examine the Natural Gas chart to see its potential move in the short to mid-term. Looking at the weekly chart, natural gas made an impulsive five-wave rally from the lows, which suggests that low is in place and we can expect a bigger recovery. However, in Elliott waves, after every five-wave rise we can expect a slow down in three waves, so we are tracking now an (A)-(B)-(C) correction before the uptrend resumes. First support is around 5.3 level, while second support would be around 3.5 level. All the best! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.by ew-forecast1115
Natural Gas Futures ( QG1! ), H4 Potential for Bearish MomentumType: Bearish Momentum Resistance: 7.475 Pivot: 6.900 Support: 6.310 Preferred Case: The H4 price is in a slightly descending trend with prices trading below the ichimoku . The price may drop form the pivot at 6.900 to the support at 6.310 where the 78.6% retracement and swing low sits Alternative scenario: If there is a price reversal, it might test the 1st resistance at 7.475, where the 38.2% Fibonacci and 78.6% projection sits Fundamentals: There are no major news.by Tickmill2
Natural Gas Futures ( QG1! ), H4 Potential for Bearish MomentumType: Bearish Momentum Resistance: 7.475 Pivot: 6.900 Support: 6.310 Preferred Case: The H4 price is in a slightly descending trend with prices trading below the ichimoku. The price may drop form the pivot at 6.900 to the support at 6.310 where the 78.6% retracement and swing low sits Alternative scenario: If there is a price reversal, it might test the 1st resistance at 7.475, where the 38.2% Fibonacci and 78.6% projection sits Fundamentals: There are no major news.Shortby Genesiv0
Up & Down in Natural Gas - H&S As you can see here. I'm awaiting shortterm a further bearish movement. Perhaps touching the 200's SMA. After this I expect a sharp rise in gas going into the seasonal peak time for natural gas.by p4917Updated 8
NatGas: Athletic 👟💪🎾NatGas has been indulging in athletic activities – quite in accordance with its temperament. Since the end of wave ii in pink, NatGas has been exercising on the stairwalker, has been playing squash in the green trend channel and has been doing some aerobic. Next, it should proceed with trampolining on the blue zone between $5.554 and $4.684 to finish wave iii and iv in pink and then drop onto the pink mattress between $5.156 and $4.455 to complete wave v in pink, which also includes concluding the overarching downwards movement in the course of wave 2 in green. There is a 28% chance, though, that NastGas could skip the blue as well as the pink zone and lift itself directly above the resistance at $8.123.by MarketIntel661
NG Long Idea Natural gas futures long position can be tried. The fact that the next contract (NG2!) has not yet reached the support level is thought-provoking.Longby econ101133