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GX1! trade ideas

Gas WarsThis is isn't my usual type of analysis, as I prefer to stay neutral and let the price action speak for itself, but I find the situation on Natural Gas very interesting and wanted to share my view on it. In trying to interpret the forces at play here in the recent past evolution of this market, I take a close look at highs and lows, peaks, bottoms, and the momentum and quality of a wave/move. I posted an idea regarding wave from A to B which I partially anticipated in "Natural Gas Scenarios" but the end of the wave at B was a little bit of a surprise to me. It is almost like the Bulls were in charge but they went too far. Then the Bears got back into it, made some Bulls cash in and exit and it all came tumbling down. Point C is another similar case of "going too far" resulting in an immediate turnaround with the same type of momentum up until 2.842 which is a relevant level as it has seen several tops and turnarounds. What is interesting in this situation though, is the represented "eye" shape which highlights the succession of higher lows, lower highs, and the change in the volatility of the market. Basically all forces that have been pushing this up and down, have receded a bit, bringing it into a tight spot where this might want to pop out sooner or later. My main scenario which I am concerned about is an incursion towards the orange zone, where this could find a support and bounce back and try to reach for the white rectangle zone, a zone which I consider to easily qualify as a "going too far" scenario, where the Bears might come aggressively back into play and try and push this lower and bring it back to its senses. On the opposite side of this potential is the Green Zone rectangle, where if the price reaches it in the specified time zone, it might trigger the reverse "going to far" scenario and let the Bulls take charge for a bit and chase the bears out of the picture in short term. No clones were hurt in this experiment and in case the empire strikes back we can always hope for the return of the Jedi in case these Gas Wars continue to keep this market range bound, perfect for swing trading for the brave. May The Force of Profitable Trading be With You! PS: Yoda is taking a nap. nen was here.
NYMEX:NG1!
by nen
12
NG1! Under Pressure! SELL! My dear subscribers, My technical analysis for NG1! is below: The price is coiling around a solid key level - 3.330 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 3.020 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!Short
by AnabelSignals
4
Natural Gas Price Forecast & stock market update00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 02:40 AMEX:UNG Stock Forecast 04:50 USO Oil Stock Forecast 07:05 Gold XAUUSD Stock Forecast 09:00 US dollar DXY Stock Forecast 10:39 Silver XAGUSD 12:41 QQQ Stock Price Forecast 15:06 Sp500 ETF Price Forecast 16:11 Tesla Stock TSLA Forecast Technical Analysis 16:58 Nvidia Stock NVDA Forecast Technical Analysis 18:15 Apple Stock AAPL Forecast Technical Analysis 19:44 Amazon Stock AMZN Forecast Technical Analysis 22:03 Google Stock GOOGL Forecast Technical Analysis 23:55 Microsoft Stock MSFT Forecast Technical Analysis 26:31 Meta Forecast Technical Analysis
NYMEX:NG1!Long
by ArcadiaTrading
Natural Gas - Elliott Wave CountNatural Gas - Elliott Wave Count On the Daily charts, NG displays a clear Triangle Wave formation, indicating that the market is likely to undergo a significant correction toward the 162 range. It is advisable to exercise caution when considering long positions. However, if the market breaks above 272, this view would be deemed invalid. Please note that this information is for educational purposes only, and it is crucial to trade with caution. CAPITALCOM:NATURALGAS MCX:NATURALGAS1! FOREXCOM:NATURALGASCFD NYMEX:NG1! MOEX:NG1! PEPPERSTONE:NATGAS
MCX:NATURALGAS1!Short
by Treda_pro
NVDA AAPL MSFT AMZN GOOGL META TSLA Price Forecast00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 02:34 AMEX:UNG Stock Forecast 04:05 USO Oil Stock Forecast 06:19 Gold XAUUSD Stock Forecast 07:53 US dollar DXY Stock Forecast 08:43 QQQ Stock Price Forecast 10:06 Sp500 ETF Price Forecast 11:08 Tesla Stock TSLA Forecast Technical Analysis 12:06 Nvidia Stock NVDA Forecast Technical Analysis 12:52 Apple Stock AAPL Forecast Technical Analysis 14:21 Amazon Stock AMZN Forecast Technical Analysis 15:29 Google Stock GOOGL Forecast Technical Analysis 16:43 Microsoft Stock MSFT Forecast Technical Analysis 17:45 Meta Forecast Technical Analysis
NYMEX:NG1!Long
by ArcadiaTrading
NATGAS on a verge of a significant correction?Interesting development reaction from the top arc over the past 6 months and I'll be taking a punt myself on this one, especially since most brokers are paying out for traders to sell $NATGAS. My broker is paying out c3% and I wouldn't mind a piece of that. SL is tight with a huge potential gain of 5.7/1 . The most recent corrections from the top of the arc have been between 10-12 days which would take us to the 16th of October. You can see an extremely strong bearish divergence on the 4hr chart, as well as the daily which usually means that consolidation is soon under way. Recession will undoubtedly will take place at some point in the near future which usually means commodities heading down due to low demand. This is not trading advice, but I'm extremely excited to see this unfold. Cheers, Sky
NYMEX:NG1!Short
by SkyTrees
1
[Commodity] Natural Gas Support and Resistance Trade Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
MCX:NATURALGAS1!Short
by Amit_Ghosh
2
Equalized Natural Gas and Crude Oil Over DecadesThe goal of this chart is to attempt to show the impact of energy costs in the current economy. We use equal amounts of natural gas and crude oil according to economic websites, so a chart that shows the year-over-year % change of energy costs would be useful to look at so we aren't confused by headlines. Everyone seems to be looking at crude oil as the main driver of inflation, but at the same time refusing to see that natural gas has fallen quite dramatically over the same time window. What I have done with this chart is to plot the ratio of the price of crude oil to natural gas using the 2nd month contract because of the negative price of crude oil in 2020. The current ratio is around 26, so I then used the 26 ratio to plot the top chart. I multiplied NatGas by 26 and added it to Crude Oil to get a "total energy cost" to the economy. I then did a 1 year rate of change to show the oscillations of "bearish headwinds" of inflation and "bullish headwinds" of deflation. Obviously, lower energy prices are supportive of the economy and higher energy prices are inflationary and imply producers and sellers will raise prices, putting pressure on the Fed to raise rates to cool off the economy. Currently, we have a -31.59% YOY% change for the total cost of energy and as recently as May we were at -61%. Granted, energy is not the entire economy. Energy is only 6% of the economy so it is just a small part but it feeds into everyone's costs. Next I will work on some ways to create specific market buy and sell signals to see if we can make a permanent indicator for this idea. Wishing you all well. Tim West 9:06AM EST, Wednesday October 4, 2023
NYMEX:NG2!
by timwest
3
Natural Gas Price Forecast DXY Oil Gold SilverNatural Gas Price Forecast DXY Oil Gold Silver Welcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias - Natural Gas Natgas Stock in a daily neutral trend - Strongest resistance for natural gas resistance is 3.03 to 3.17 range #naturalgas #xauusd #dxy #xagusd #natgas #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil 00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 03:54 AMEX:UNG Stock Forecast 06:06 USO Oil Stock Forecast 08:39 Gold XAUUSD Stock Forecast 12:09 US dollar DXY Stock Forecast
NYMEX:NG1!Long
by ArcadiaTrading
Natural Gas Price Forecast DXY Oil Gold SilverWelcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias - Natural Gas Natgas Stock in a daily neutral trend - Strongest resistance for natural gas resistance is 3.03 to 3.17 range
NYMEX:NG1!Long
by ArcadiaTrading
NG1! Buyers In Panic! SELL! My dear followers, This is my opinion on the NG1! next move: The asset is approaching an important pivot point 2.930 Bias - Bearish Safe Stop Loss - 3.008 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 2.788 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
NYMEX:NG1!Short
by AnabelSignals
5