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- #522
- Apr 30, 2021 11:11am Apr 30, 2021 11:11am
- Joined May 2019 | Status: iTrade | 1,838 Posts
Natural Gas (CME NG) is about to close higher for the 3rd straight week. 
With crude oil prices as high as they are, we'll probably continue to see a higher correlation. As oil prices appreciate, NG becomes a cheaper alternative. Here's an overlay (hourly). NG in pink. 
With crude oil prices as high as they are, we'll probably continue to see a higher correlation. As oil prices appreciate, NG becomes a cheaper alternative. Here's an overlay (hourly). NG in pink.
We must learn who is gold, and who is gold plated
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- #523
- May 10, 2021 8:44am May 10, 2021 8:44am
- Joined May 2019 | Status: iTrade | 1,838 Posts
Natural gas futures (CME NG) briefly hit a two week low on a milder US weather forecast. 
We must learn who is gold, and who is gold plated
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- #524
- May 13, 2021 8:30am May 13, 2021 8:30am
- Joined May 2019 | Status: iTrade | 1,838 Posts
Not much movement in natty gas overnight. A little lower but about where it was yesterday. Coming up in an hour we'll see NatGas storage data: https://www.energyexch.com/#detail=118662
It's usually a huge market mover. 
It's usually a huge market mover.
We must learn who is gold, and who is gold plated
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- #525
- May 17, 2021 7:38am May 17, 2021 7:38am
- Joined May 2019 | Status: iTrade | 1,838 Posts
We must learn who is gold, and who is gold plated
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- #526
- May 24, 2021 9:03am May 24, 2021 9:03am
- Joined May 2019 | Status: iTrade | 1,838 Posts
Quite the gap down on natty gas at the weekly open (CME NG). 
Recent strength probably related to rising oil prices today. The only thing supporting natty gas prices right now is when oil prices are too high it becomes a more desirable alternative. Here's an over lay (CME futures CL vs NG): 
Recent strength probably related to rising oil prices today. The only thing supporting natty gas prices right now is when oil prices are too high it becomes a more desirable alternative. Here's an over lay (CME futures CL vs NG):
We must learn who is gold, and who is gold plated
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- #527
- May 27, 2021 11:38am May 27, 2021 11:38am
- Joined May 2019 | Status: iTrade | 1,838 Posts
We must learn who is gold, and who is gold plated
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- #528
- Jun 8, 2021 7:25am Jun 8, 2021 7:25am
- Joined May 2019 | Status: iTrade | 1,838 Posts
Since the beginning of April NatGas has been quietly rallying. Higher crude prices are playing a role but so is US cooling demands. Also, don't forget the US housing market. NatGas is used in a large percentage of homes and as the housing market grows so does NatGas demand. This is CME NG: 
We must learn who is gold, and who is gold plated
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- #529
- Jun 23, 2021 11:35am Jun 23, 2021 11:35am
- Joined May 2019 | Status: iTrade | 1,838 Posts
We must learn who is gold, and who is gold plated
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- #530
- Jun 24, 2021 11:07am Jun 24, 2021 11:07am
- Joined May 2019 | Status: iTrade | 1,838 Posts
We must learn who is gold, and who is gold plated
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- #531
- Jun 29, 2021 9:58am Jun 29, 2021 9:58am
- Joined May 2019 | Status: iTrade | 1,838 Posts
Natural Gas is benefiting from volatile weather and higher crude oil prices. I couldn't have predicted this after-winter rally. 
Some pretty heavy volume coming in on these rallies too. (CME NG)
Some pretty heavy volume coming in on these rallies too. (CME NG)
We must learn who is gold, and who is gold plated
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- #532
- Jun 29, 2021 10:05am Jun 29, 2021 10:05am
- Joined May 2019 | Status: iTrade | 1,838 Posts
It's tough to be bullish Natural Gas when this is what's it's done for the past 15+ years: 
But on a shorter term time frame, with oil prices going through the roof, maybe there's a swing trade play. Could be late to this party though. Since hitting those lows in early April it's been in rally mode: 
But on a shorter term time frame, with oil prices going through the roof, maybe there's a swing trade play. Could be late to this party though. Since hitting those lows in early April it's been in rally mode:
We must learn who is gold, and who is gold plated
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- #533
- Jul 12, 2021 8:39am Jul 12, 2021 8:39am
- Joined May 2019 | Status: iTrade | 1,838 Posts
Natural gas off to a strong start this week. CME's NG futures: 
We must learn who is gold, and who is gold plated
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- #534
- Jul 13, 2021 9:04pm Jul 13, 2021 9:04pm
- Joined May 2019 | Status: Trader | 1,178 Posts
Nat Gas's current trading range within an overall uptrend:
- #535
- Jul 20, 2021 8:53am Jul 20, 2021 8:53am
- Joined May 2019 | Status: iTrade | 1,838 Posts
Nat Gas's current trading range within an overall uptrend: {image}
I'm surprised the lower crude prices haven't put pressure on natgas prices yet. It will. Also, warm weather in the US has been supporting natgas prices. Here's a continuation from the chart you drew up.
Here we are on a daily (same square):
We must learn who is gold, and who is gold plated
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- #536
- Jul 26, 2021 9:20am Jul 26, 2021 9:20am
- Joined May 2019 | Status: iTrade | 1,838 Posts
Not sure what to think here. After gapping down at the open, it rallied overnight only to give back those gains. NG CME futures 10M: 
Some heavy selling volume relative to last week during the US session. Not ruling this out as a correction though. It's been rallying. 
Some heavy selling volume relative to last week during the US session. Not ruling this out as a correction though. It's been rallying.
We must learn who is gold, and who is gold plated
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- #537
- Jul 27, 2021 9:13am Jul 27, 2021 9:13am
- Joined May 2019 | Status: iTrade | 1,838 Posts
Not sure what to think here. After gapping down at the open, it rallied overnight only to give back those gains. NG CME futures 10M: {image} Some heavy selling volume relative to last week during the US session. Not ruling this out as a correction though. It's been rallying. {image}
We must learn who is gold, and who is gold plated
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- #538
- Aug 9, 2021 9:00am Aug 9, 2021 9:00am
- Joined May 2019 | Status: Trader | 1,178 Posts
NG is in a nice uptrend which is likely to extend further.
- #539
- Aug 9, 2021 9:47am Aug 9, 2021 9:47am
- Joined May 2019 | Status: iTrade | 1,838 Posts
NG is in a nice uptrend which is likely to extend further. {image}
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return:
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- #540
- Aug 12, 2021 9:36am Aug 12, 2021 9:36am
- Joined May 2019 | Status: Trader | 1,178 Posts
NG falling after inventory data but now on the trendline support on 4H chart:
Here is 1M chart, which shows a fall Pre and post data:
Here is 1M chart, which shows a fall Pre and post data: