Nat Gas anyone? | Page 26 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How to avoid stopp loss...anyone doing that? 52 replies

Attachments: Nat Gas anyone?
Exit Attachments

Nat Gas anyone?

  • #501
  • Jan 29, 2021 2:15pm Jan 29, 2021 2:15pm
Quoting EventsTrader
After last week's sell off in natural gas, it gapped up on the weekly open. With a warmer than expected US winter forecast predicted, there's not much supporting NG prices, outside of higher oil prices. I'm not sure what to expect this week, but it I wouldn't be surprised if we filled the gap. {image}
It never filled the gap but not a very strong weak either (for being in the middle of winter. NatGas US storage data was very bearish but the decline started a little before that. Perhaps triggered some of the continuation. Again, higher oil prices might be supporting natgas atm.
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-1010.png Size: 22 KB
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #502
  • Feb 1, 2021 11:10am Feb 1, 2021 11:10am
We're seeing NatGas benefit from this winter storm hitting the US. Gapped up and still in rally-mode:
Attached Image
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #503
  • Feb 4, 2021 12:28pm Feb 4, 2021 12:28pm
Quoting EventsTrader
We're seeing NatGas benefit from this winter storm hitting the US. Gapped up and still in rally-mode: {image}
I used to have a feed of PJM contract prices at my old job. It might be interesting to see the rollover period on those contracts and if there were any significant moves out of the electricity sector. During the winter I prefer to look at electricity and nat gas together.

There are always huge opportunities to trade nat gas from about December-March.
careful not to step in a pile of it
  • #504
  • Edited 2:18pm Feb 4, 2021 1:50pm | Edited 2:18pm
This may be a swing and a miss.. but I think it's likely we see this volatility continue and steadily increase over the next few years - particularly weather related and not just owing to cold snaps.

Natgas is the common marginal source of electricity generation and this volume seems prone to increase with the implementation of alternatives, as many alternatives (thinking wind, solar) will see more scheduled downtime or non-generation time than traditional sources.. and I don't believe we've reached anywhere near an inflection point as it relates to the cost of power storage versus firing up a natgas plant. Until that happens - I think we'll see a healthy increase in baseline volatility.
Live Challenge All Time Return: 171.5%
  • #505
  • Feb 5, 2021 2:06pm Feb 5, 2021 2:06pm
Cold US weather and higher crude prices continue to support natural gas prices. Finishing out a relatively strong week:
Attached Image (click to enlarge)
Click to Enlarge Name: ba8e105919569e1ab92a49c4369584bd.png Size: 16 KB
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #506
  • Feb 17, 2021 10:42am Feb 17, 2021 10:42am
Quoting bulltrap
During the winter I prefer to look at electricity and nat gas together. There are always huge opportunities to trade nat gas from about December-March.
This aged well!
Live Challenge All Time Return: 171.5%
  • #507
  • Feb 17, 2021 12:01pm Feb 17, 2021 12:01pm
NatGas (CME NG) continues higher after a gap up over the weekend and US getting slammed by the polar vortex. Rising crude prices hasn't hurt either.
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-0108.png Size: 20 KB
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #508
  • Feb 19, 2021 1:51pm Feb 19, 2021 1:51pm
Natural gas (CME NG) closing the week right about where it opened (on the gap):
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-0178.png Size: 17 KB
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #509
  • Mar 16, 2021 12:53pm Mar 16, 2021 12:53pm
I'm not sure who in their right mind would speculate long NG anymore.
Attached Image (click to enlarge)
Click to Enlarge Name: 17acc138ca8f7117e9af088e476c0456.png Size: 14 KB
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #510
  • Mar 25, 2021 9:32am Mar 25, 2021 9:32am
Big deviation from forecast on Nat Gas Storage data!
Attached Image (click to enlarge)
Click to Enlarge Name: 7ee239fbb5d190b1bb1768b0e0a8be93.png Size: 3 KB
Attached Image
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #511
  • Apr 8, 2021 10:26am Apr 8, 2021 10:26am
It doesn't seem like Nat Gas is benefiting from these higher oil prices. Another down week looks very likely:
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-0745.png Size: 20 KB
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #512
  • Apr 13, 2021 11:15am Apr 13, 2021 11:15am
Natural gas is having a pretty solid session.
Attached Image (click to enlarge)
Click to Enlarge Name: f8e9fe0b0fd291bfa20022a08d4166d2.png Size: 25 KB
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #513
  • Apr 20, 2021 6:17am Apr 20, 2021 6:17am
Nat Gas is rallying in a channel. While staying in an uptrend, in the short term, the concern is that the upper end of the trend channel was tested yesterday so perhaps bottom end may be tested over the next few days.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 38 KB
  • #514
  • Apr 20, 2021 8:30am Apr 20, 2021 8:30am
Quoting swagtrading
Nat Gas is rallying in a channel. While staying in an uptrend, in the short term, the concern is that the upper end of the trend channel was tested yesterday so perhaps bottom end may be tested over the next few days. {image}
Yep, this uptrend will probably be tested on the bottom end these nexts days untill month's end...
  • #515
  • Apr 21, 2021 8:45pm Apr 21, 2021 8:45pm
Quoting CMyers65
{quote} Yep, this uptrend will probably be tested on the bottom end these nexts days untill month's end...
Yeah! It tested the bottom end of the range yesterday and now perhaps headed towards the upper end.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 38 KB


Big test for the uptrend will come with Nat Gas Inventories data which is due later today.
  • #516
  • Apr 23, 2021 4:58am Apr 23, 2021 4:58am
NG had an extremely sharp up move post the inventories data and is now near the top end of the trend channel.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 39 KB
  • #517
  • Apr 23, 2021 9:19am Apr 23, 2021 9:19am
Pretty impressive start to the month of April. Here's the CME NG:
Attached Image (click to enlarge)
Click to Enlarge Name: 60cc8fcead56f883848439d7201cdd99.png Size: 30 KB

On a daily, it's looking like there could be some more upside especially if crude continues higher.
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-1004.png Size: 23 KB

It's hard to think about taking a long position in anything that's looked like this for the past decade+:
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-1005.png Size: 18 KB
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #518
  • Apr 23, 2021 12:35pm Apr 23, 2021 12:35pm
Quoting EventsTrader
Pretty impressive start to the month of April. Here's the CME NG: {image} On a daily, it's looking like there could be some more upside especially if crude continues higher. {image} It's hard to think about taking a long position in anything that's looked like this for the past decade+: {image}
That past decade NG chart should be more than enough prove that no long position can be taken there!
Impressive...
  • #519
  • Apr 24, 2021 1:37pm Apr 24, 2021 1:37pm
Quoting EventsTrader
Pretty impressive start to the month of April. Here's the CME NG: {image} On a daily, it's looking like there could be some more upside especially if crude continues higher. {image} It's hard to think about taking a long position in anything that's looked like this for the past decade+: {image}
I happen to have daily futures data of NG beginning 1990. The 90s decade saw prices hover around 1 to 3 and occasionally 4. I dunno why they went massively volatile in the decade beginning 2000, I wasn't watching.

I don't make trade decisions based on fundamentals.
  • #520
  • Apr 27, 2021 11:07am Apr 27, 2021 11:07am
Natural Gas (CME NG) seems like it's in rally mode. Highest levels since early March. It's hard not to notice these gains (last two days) have had very little volume.
Attached Image (click to enlarge)
Click to Enlarge Name: 709d6fc6ee6258f149ae4e71d4f317a9.png Size: 19 KB
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
0 traders viewing now