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Natural Gas

Natural Gas time to easy Rally To evaluate the trend of Natural Gas we must take into account 2 factors: 1) The international macro political scenarios: Russia, which is the world's leading producer, will export less to its main customer the European Union. Winter in Europe is upon us and there is a serious risk of an energy blockade, Europe will find GAS but the cost from September onwards will be very high with the main natural gas producer out of the market. 2) Graphically we can deduce a strongly bullish graphic structure where increasing minimums and maximums constantly lean on well-defined supports, the price above the moving averages 100, 200 and the fibonacci extension speaks clearly the price should orbit soon at the price of $ 15. GAS export data: In 2020, the 5 largest gas exporters in the world were Russia (199,928 mcm), United States (149,538 mcm), Qatar (143,700 mcm), Norway (112,951 mcm), Australia (102,562 mcm). Winter is coming (Cit 'GOT) LPI.sa
NLong
by LPI_Investments
US natural gas: Bearish clouds ahead?Henry Hub ( US natural gas ) prices have fallen 25% from their peak of $9.64 per million British thermal units (MMBtu) hit in June, as the fire at Freeport LNG’s natural gas liquefaction plant reduced U.S. export capacity by an estimated 2.0 billion cubic feet per day (Bcf/d) or approximately 15% of annual volumes. The major driver behind the spectacular rise in US natural gas prices had been a rise in price-premium gas shipments to Europe, which was suffering from a drop in Russian supply. As a complete cutoff of Russian gas supply to Europe looms, this should theoretically put upward pressure on US natural gas prices. In practise, however, the US Freeport LNG’s facility is not scheduled to resume at full capacity until 2023, thus pricing pressures owing to greater exports to Europe can no longer occur as they did previously. And the market has already factored this in. On top of this, there is also the risk of recession in the US looming on gas prices. US Natural Gas Technical analysis From a technical perspective, US natural gas prices may have entered a trend reversal phase following the RSI bearish divergence in June, when oscillator values fell from overbought levels as prices reached new highs. This suggested that the bulls’ strength had progressively diminished, allowing the bears to take over. In the last three trading sessions, the 50-day moving average level of $7.5 has acted as a strong resistance for US gas prices. This might pave the way for a price pullback towards the $6.5 support level. A bullish breakout over $7.5 would invalidate the thesis and trigger a test of the psychological $8 mark.
CAPITALCOM:NATURALGAS
by Capitalcom
4
BUY Ngas!Natural Gas is a very important energy nowadays especiall in EU zone, Germany fears coming winter as Ngas supply is so tight because of Russia-Ukraine & Russia-Nato conflict. Most of Europe countries can't survive winter without Ngas which makes it very demanded, NG price is expected to skyrocket starting from now as you can see in the chart, we just flipped bullish after a trend reversal, now price is in a correction phase which is the wave we want to get our entry from.
NLong
by dogofwallstreets
Natural gas tumbles to $5.5 as stockpiles rise: RSI oversoldUS NATURAL GAS prices plunged by 13% to $5.5/MMBtu, the lowest level since March, as a result of investors' unfavourable reactions to recent EIA data that revealed a larger-than-expected storage build. Last week, utilities in the United States added 82 billion cubic feet (bcf) of gas to storage, well beyond analysts' projections of 74 bcf. NATURAL GAS prices in the United States are now 43% lower than their June 8 highs. The drop earlier this month was triggered by an accident at the Freeport LNG facility in Texas, which is one of the largest US export plants producing about 2 billion cubic feet per day of liquefied natural gas, or roughly 16% of US annual LNG export capacity. Before June, NATURAL GAS prices skyrocketed owing to increasing export volumes at premium rates to Europe, as European countries weaned themselves off Russian supplies. Technically, the 14-day RSI indicator has entered the oversold zone for the first time since December 2021. This could be an indication that the bearish momentum is starting to hit extreme levels, and buyers could start reappearing on the dip. However, in the absence of a complete capacity recovery in the United States, which is not expected by the end of the year, the potential of shipping LNG gas from the United States to Europe at a premium rate is jeopardised, and US NATURAL GAS prices are unlikely to recapture prior highs in the short term. Idea written by Piero Cingari, forex and commodities analyst at Capital.com
CAPITALCOM:NATURALGAS
by Capitalcom
Long Natural GasNatural Gas futures have retraced the 2022 bull trend to a 50% Retracement Level at 6.60. Price needs to hold this level or else it risks giving up the 2022 trend. This trade was prompted by a 30 minute timeframe Spike Alert this morning that pegged the broader trend level and sets up a low risk test. Stop alert below the morning low and an initial target a Retrace of the move down. Some D****** members chose AMEX:BOIL to express the trade (more volatility for more gains) and I chose AMEX:UNG as the vehicle.
NYMEX:NG1!Long
by norok
2
NATURAL GAS Strong sell towards at least the 1D MA200Natural Gas (NG1!) broke below its 1D MA50 (blue trend-line) last week for the first time since February 11 and upon the first re-test as a Resistance, it got rejected. This indicates strong sell bias on the medium-term. The likely target is the zone within the 1D MA200 (orange trend-line) and the 1D MA300 (green trend-line) or when the 1D RSI turns oversold. With the long-term pattern being a Bullish Megaphone since July 2020, the 1D MA200 was reached on both previous Higher Lows formation. Depending on the news at the time, as long as the pattern holds, the price is then more likely to bounce back up. However NG's multi-month cyclical behavior shows that it is close to the end of the current Cycle. So if the Megaphone breaks to the downside, be ready to invest in a long-term sell. Updates will follow until then. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
NYMEX:NG1!Short
by TradingShot
NatGas NG1! - Further Decline Ahead, P5 Possibly ReachedAllen Andrews gave us great rules. The P5 rule is one of them. As we see in the chart, P5 could be reached. What does this mean? It's an indication that price is at it's peak and a potential turn is ahead. Furthermore we have reached the center-line, where a) price will beak through, revisit and continues or b) price will turn and trade to the opposite direction, which would be far below at the L-MLH (the lower parallel). I like to wait for some kind of confirmation. One of these I have in my arsenal is the break of previous lower highs. You can see the short line in the chart, where I would start to take action. So, we have another LT chart to observe. Keep it in your watch list - it could be an epic play.
NYMEX:NG1!Short
by Tr8dingN3rd
2
US Natural Gas Had Its Worst Day Since 2018: RSI falls Below 50US natural gas prices posted their worst daily performance since mid-November 2018 today, plummeting 17% to $7.2/MMBtu, as of writing, after Freeport LNG announced early Tuesday morning that it does not expect the export facility to resume full plant operations until late 2022 due to the explosion occurred on June 8. The Freeport LNG facility has a production of 2 billion cubic feet per day, or around 16% of US LNG export capability, and has been operating at near full capacity in recent months. The disruption at one of the largest US liquefied natural gas export terminals will put a severe upward pressure on European gas prices ( Dutch TTF ), which have been falling in recent months as Europe has significantly increased its liquified natural gas imports from the United States. Technically, US natural gas prices are now testing the 2022 bullish trendline, with the momentum indicator (14-day RSI) dropping to 38, the lowest level since the start of the year. A breach below the psychological threshold of $7/MMBtu would open the door for a bearish assault to the nearest support in the 6.50 zone (lows of April 25 and May 10).
CAPITALCOM:NATURALGAS
by Capitalcom
3