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US Natural Gas (Spot) (XNGUSD)US Natural Gas (Spot) (XNGUSD)US Natural Gas (Spot) (XNGUSD)

US Natural Gas (Spot) (XNGUSD)

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US Natural Gas (Spot) (XNGUSD) forum


NATGAS AI is here with a plan...sort of...🤖:

The recent sharp drop with falling open interest and high volume suggests possible capitulation, but there’s no sign yet of new buying.

The trend is still bearish unless the price climbs back above 3.40–3.50 with rising open interest.

For now:
If price rallies weakly toward 3.38–3.40 but open interest stays flat, consider shorting with a target near 3.28.

If price breaks above 3.40 with rising open interest and strong volume, you can look for a cautious long trade.

If the market is choppy with low volume, it’s best to stay out. This is a "wait for confirmation" situation — avoid guessing the bottom.

NATURALGAS I see bullish divergences too. Oversold signals across all tfs. in my opinion we had a brief ranging market last week (tue-fri). this week so far seems like the manipulation is done so now comes the distribution at discounted price. we are at demand zone. My target would be $3.94 by next week potentially before the report day. I am sticking to this decision i made previously. looking enter around 3.2

tradingview.com/symbols/NATURALGAS/minds/?mind=J_kcpLhIQJazk2xKpv6UWA&exchange=CAPITALCOM

NATURALGAS price is near support 3.21-3.16 with bullish divergence at 4h/1h. From the negative volume index and positive volume index at 4h and 1h it shows that possibly short term institutionals might be buying the dip while retail is selling. On the daily chart we have that since 2nd of July institutionals might have started buying the dip but it's unclear if this has been profit taking from the previous short of 20 June or new limit orders on the long side. I'm going to wait to compare the dip tomorrow with volume weighted cci at 1h/15m and see if we make a higher or equal low with bullish divergence and volume near the support for a possible long entry inside 3.21-3.16. If price drops below this level next support is at 3.07-3.01. Lastly, we have resistance at 3.31 so for a confirmation of reversal into the uptrend we need price to break above and hold 3.31.
Good luck everyone!
Snapshot


NATURALGAS IDK todays bear volume is kinda dying off. looks like it might just be retailers. its strange for asia to push it down when it should range and london went in agressive too so in order to balance out the spread i think NY is going to go long in a bit later. currently its testing todays bull OB at NY open. might come all the way to asias high.. although i might be wrong mbedard


NGAS going long here. Should find some support on blue TL

If it breaks then the big H&S should playout but chances are very low especially so late in the season. Anticipating tariffs negotiation about to be ending soon & Hurricane season starting soon. Will be interesting to see
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