Natural gas - bottom callers will be dead before risingMajority of traders are loading up on their AMEX:BOIL longs and natural gas futures long positions.
This is why SSL will be grabbed first between $1.5 to $1.7 before price can increase.
Natural Gas
natgas - target 1,8Similar pattern.
Short view for the end of this week. I am waiting for 1,8 to buy natgas again.
Natural Gas Long Term Outlook | Importance of 4H Trend change | - AMEX:NG AMEX:UNG AMEX:BOIL cant stress enough we need to change trends, even if it is a very big move it will just fade if no trends are changed
- need to change the 4h and daily trend to the bulls
- likely tightening up in a equilibrium into May, still holding the teal support line.
Natural Gas Sell 2,302Trying selling from the 2,30 mark and short all the way too 2,1, should be some nice profits
LONG NATURAL GAS - TAKE PROFIT 2,310LONG TRADE ON NATURAL GAS / 15min Time Frame
The trade will be aviabale just now...
Natural Gas Is Looking For Lower SupportNatural gas is trading bearish for the last couple of months, but we see it in a larger (A)-(B)-(C) corrective decline that can be slowly coming to an end. We are actually tracking final wave 5 of (C), which should be completed by a five-wave cycle of the lower degree.
Natural gas is currently in an intraday consolidation within downtrend, ideally in subwave "iv" triangle pattern that can take it lower for wave "v" of 5 of (C) towards 1.6 - 1.5 area before it finds the bottom.
NATURAL GAS: 11th April 2023: Gas on FIRE !!NG..
Can be a rocket above the B level marked as per ABCD pattern.
Good Risk Reward from here.
Fighters lets bring out the swords and be ready for this fire rally {with strict SL as marked at point B :)}
Cheers!
Knight Kumar
NatGas LongNaturalGas strong bullish signal on H4 chart. There was a consolidation 2.10-2.25 levels, according the last move 2.25 level become a new support zone and this is quite a strong signal to buy...
2023 Tradingdesk for Natural gasFrom now i will have one main idea, and all the ideas as we reach cycle targets for the year will be updated in the thread.
I dont trade short term, keep in mind my ideas are longer term, and its boring.
We wait for the cycles to bottom and we wait once in the trade for the trade to mature.
Fallow, like so you dont miss the updates.
Apr 10,23-NG-Finally hit bottom?Some decent gains today...Finally!! So have we finally hit a bottom? Back in Mid to late Feb price bounced off the 2 mark...so it looks like 2 is a very strong bottom. Or are we just going to go sideways now for a while? No bloody idea!
But at least we have some gains today...could be a good week...or could just be sideways week - keep your eye on it.
Lots of financial activity this week from the Fed etc so markets could change instantly.
Trade safe and stay safe!
Heiko
NAT GAS LONG. The lows are LIKELY in for Nat GasNat Gas is probably THE most hated commodity now. Its reached MAJOR Horizontal Support, and 2 CONVERGING Trendline supports. ALL 3 are Converging at $2 level. Expect a bounce to 1st Target at recent highs $3 with Ultimate Target price at upper end of falling trend channel ~$3.55. Historical average Price of Nat Gas is $4 since 1990 with $1.62 - $2.00 range acting as MAJOR Support Zone for the last 35 YEARS.
Current price is also at the BOTTOM of the recent trading range and price appears to be forming a Wyckoff ACCUMULATION.
LONG Nat Gas at $2.01 and anything <$2.01. SL = CLOSING PRICE < $1.44. Reward:Risk = 1.75:1 at $3.00 target price and 2.7:1 at $3.55 Target Price
Trade what you see.
Rounding Natural gas on D time frameWe are retesting the Daily timeframe, im still in trade. close below, and im out
Natural gas, Time to buy?In a 12h of timeframe, i can see a rounding pattern with a break out, if we confirm it, I'm bullish on it.
Long natural gas Breakout retest needs to hold the last low
Close above 6 is better
In price 6.04
SL 5.4
TG on the graph
Will hold for a while
Natural Gas crash?Natural gas has crashed when comparing it to the DBC commodity ETF.
If a recession takes hold, demand destruction always prevails and it looks like Nat gas is pricing this in.
This price action could be a leading indicator that many other commodities may be vulnerable to a pullback.
Since Natural Gas is one of the smaller components of this ETF, it can see a large influx of capital that has to stay long by rotating out of other overbought commodities. Natural gas has broken out before the DBC and it has bottomed before the DBC. Nat Gas has the largest divergence from its peers.
TRADE UPDATE: Renergen in the money and now we wait for a breakRev Inv Cup and Handle formed on Renergen.
The price then broke below the Brim Level showing strong selling side to come.
Also on the Daily there is now a Symmetrical Triangle pattern When the price breaks it's likely to continue to the downside as the pattern si a continuation pattern by nature.
We saw strong downside to come from an even larger bearish formation on the weekly chart.
200>21>7
RSI<50
Target remains R12.52
ABOUT THE COMPANY
Renergen is a South African based energy company that specializes in the production and distribution of natural gas.
The company was founded in 2011 and is headquartered in Johannesburg, South Africa.
Renergen's main focus is on the production of liquefied natural gas (LNG) from its flagship project, the Virginia Gas Project, located in the Free State Province of South Africa.
The company is the first and only company in South Africa to hold a resource license for the commercial production of natural gas.
Renergen's Virginia Gas Project is estimated to have over 40 years of reserves of natural gas, making it one of the largest gas reserves in the country.
The company's liquefaction plant is designed to produce up to 20 million cubic meters of LNG per annum, making it one of the largest LNG plants in Africa.
natgas - last bounce before 1,6-1,8Natgas should continue bearish trend, bull pressure is temporary. I will start selling from 2,25-2,4 ( SL above 2,5 and TP 1,6).
Natural Gas: Commodity DivergencesThe correlation between DBC (orange line) and Nat Gas is strong.
However, Nat Gas gas does have price history where it diverges, leads & lags the average DBC price action. The white arrows on the screen display the periods where Nat Gas And DBC (in orange) diverge. Some of the divergences have lead to steep pops & drops of mean reversion.
What were seeing now is a massive divergence of about -33%, Nat gas has crashed and is the number one underperforming commodity in this basket.
Nat gas has retraced back to the Pre Covid low levels. Looking at the DBC ETF its about 33% off the Pre Covid Lows.
Over history the correlation usually tightens up and it has a long way to go to close the gap divergence. This presents one of 3 scenarios..
1. Other commodities in the basket collapse
2. Natural Gas Rallies
3. Both options (Our Base Case)
BOIL hitting a major line of resistance For the 4th time since 2012 BOIL has hit the bottom of this descending channel. The fib extension landed perfectly on the 1 (3.31) and the stoch RSI (monthly) is showing oversold. A short-term move up to the first and/or second brown line has been the historical bounce, eventually making it to the third brown line before falling again. So lets see if it reacts the same way or if it finally busts below this blue trendline.
$SWN: Bullish Spring and Backtest with Bullish DivergenceSouthwestern Energy Company is potentially Backtesting a Spring at a Harmonic 1.618/1.272 Harmonic Confluence Zone while showing Extreme Levels of Bullish Divergence on the Weekly Timeframe; If SWN performs and pivots off of this level then we could see it go up all the way to the 800 Week EMA which would give us a Potential Upside of nearly 200%
Natty GangBuy green. Sell orange. Natural gas isnt going anywhere just like nuclear. use all the energy we need it all
NATURAL GAS 1W - long opportunityNatural gas price has already dropped 79% from the Nov 22' high and it usually drops around 80% if we look at the previous large price drops.
If we don't break below 1.60 - 1.80 level and confirmations for the long entry occurs i will consider going long.
ENTRY: 1.65 - 1.90
TP1: 3.44 - 3.70
TP2: 4.63 - 4.93
TP3: 6.40 - 6.85
SL: 1.150
This is not a financial advice! Trade with caution.
