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Henry Hub Natural Gas Futures (Feb 2024)Henry Hub Natural Gas Futures (Feb 2024)Henry Hub Natural Gas Futures (Feb 2024)

Henry Hub Natural Gas Futures (Feb 2024)

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NGG2024 trade ideas

Natural Gas Futures Bullishly Diverging at a Bullish Bat PCZNatural Gas Futures aggressively gapped down into support during the first hour of this week's trading and looks to be ready to form some MACD Bullish Divergence leading into the rest of the week. I think there is a good chance that Natural Gas at least undoes this decline and rises back up to $2.5 this week, but overall if this ends up being a major bottom I'd expect it to pump well into the mid to upper 3 dollar range.
NYMEX:NG1!Long
by RizeSenpai
1
NATGAS The Target Is UP! BUY! My dear subscribers, My technical analysis for NATGAS is below: The price is coiling around a solid key level - 2.519 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 2.869 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Long
by AnabelSignals
1
NATURAL GAS Stock Chart Fibonacci Analysis 011924Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 2.6/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NYMEX:NG1!
by fibonacci6180
Natural Gas Probes Support. Is One More Feb '24 Bounce Possible?The US Natural Gas Fun (UNG) paces for its third-worst single-session performance in the ETF's 17-year history as of this writing. Tuesday afternoon weather model runs did the prompt-month of natural gas no favors, and the February contract has plunged all the way back under $3 after poking above $3.30 late last week. The current record-shattering polar snap will prove to be short-lived for the CONUS. A mild forecast in both the NOAA 6-10 day and 8-14 day outlooks are bearish for the energy-dependent commodity. This is the most volatile time of the year for nat gas, and the infamous “widowmaker” trade (the March/April spread) looms. For now, though, I see support on the chart in a broad range. Notice in my featured chart this week that $2.80 to $3.00 has historically been a battleground between the bulls and bears. What’s more, natty is now testing its 38.2% retracement from the December low to the January high, offering potential support. The trade here, in my view, is long with a stop under $2.80 on the prompt month. We will have a contract roll later this month to the much cheaper March contract (currently about 45 cents less expensive than Feb). So, we will get a natural gap down once the roll takes place. Thus, the duration of this idea is through January 26.
NYMEX:NG1!Long
by mikezaccardi
1
NATGAS Trading Opportunity! SELL! My dear followers, I analysed this chart on NATGAS and concluded the following: The market is trading on 3.331 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 3.061 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Short
by AnabelSignals
5
NATURAL GAS Long-term High has been made. SELL.Natural Gas (NG1!) is having a strong bearish reversal since the January 09 High, which on this 1D time-frame can be identified as a Lower High on a 3-month Channel Down pattern. On top of that, the 1D RSI got overbought above 70.00 and is correcting. This appears to be the new Bearish Leg of the Channel Down and we expect it to last around 1 month. Our Target is a new Lower Low on Support 2 at 2.135. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!Short
by TradingShot
2
Update on $MCX:NATURALGAS1!Dear Followers, I hope this message finds you well. I wanted to provide you with a brief update on the stock MCX:NATURALGAS1! I have been monitoring. It appears that the stock is approaching a potential resistance level Near 10450-10480 This is an important technical point where the price has historically had difficulty breaking through. It suggests that we may see a temporary halt in the current upward momentum and Possibly it will test 240 In Downmove. Resistance Levels to Watch out. Resistance levels are the opposite, representing prices at which a stock has historically struggled to move above. These levels can signal a selling interest. Understanding resistance points is crucial for anticipating potential obstacles in the upward movement of a stock. R1= 250 R2= 258 R3= 265 Support Levels To Watchout. Support levels represent prices at which a stock has historically had difficulty falling below. These levels often indicate a strong buying interest. It's important to monitor these levels, as a breach might suggest a potential downward trend. S1= 244 S2= 239 S3= 232 As always, please remember that investing involves risks, and it's important to carefully consider your options. If you have any questions or would like to discuss this further, please don't hesitate to reach out. Best regards,
MCX:NATURALGAS1!
by PrachiMetha
Natgas: Dive in! 💦With its recent high, the Natgas price should have established the high of the blue wave (iii) and is now in an intermediate correction of the blue wave (iv). We have already drawn a target zone between $3.02 and $2.90 where the price should now dip deeper and reverse. Following the low of this move, it should then go beyond $4 again before the magenta wave iv is completed. However, there is also a 25% probable alternative, which already places the price in the last leg of the white wave alt. (c). In this context, the price would fall below the support level at $2.23.
NYMEX:NG1!Long
by MarketIntel
NATURAL GAS Strong sell on the 1D MA50.Natural Gas has been so far following the sell strategy we shared with you a month ago (December 04, see chart below), having already hit one Target (2.425): Yesterday the price hit the 1D MA50 (blue trend-line) and managed to close the 1D candle below it, which stands out as the most efficient sell opportunity since the October 27 2023 High. Technically we can see a new Channel Down emerging with two Lower Lows and two Lower Highs already. Our long-term 2.135 Target on Support 2 remains, but technically the downside can be considerably bigger (-38.67% was the previous Bearish Leg). If the price breaks above Resistance 1 (2.990), we will take an additional short-term buy, targeting 3.275 (Resistance 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!Short
by TradingShot
2