NatGas weekly charts

Hey Geo,

Just trying to follow your chart,


what do you mean by the same move as in 2009?? are you seeing a big drop in the coming weeks??

LM

yes that's what i see . i traded last 3 months in similar moves like 2009 same period .

but price can break up or down ,because we have a triangle formed on weekly. after it break we can see price up or down

Geo, That trade is beyond my scope. Are you planning to go in in the break?.

The only thing I can contribute using my own S/R levels is that triangle break will be much better if it break down for only a couple of bars test that weekly S and get rejected triggering long in the apex of that triangle with target to the monthly R +/- 6.

Good luck with that.

sisse

thank you. if break down we will see 3.9 area. if break up then 6.1 is first target,then 7.5.

weekly chart. if break 23,6 fibo , first target 6,1 and then 6,7 -38,2 fibo

DJ US NATURAL GAS INVENTORY SURVEY: 34 Bln-Cubic-Feet Build Seen
Aug 04, 2010

By Christine Buurma
Of DOW JONES NEWSWIRES


NEW YORK(Dow Jones)--Analysts and traders expect government data scheduled for release Thursday to show a smaller-than-normal build in gas inventories following blazing temperatures across much of the U.S. last week and storm activity in the Gulf of Mexico.

The U.S. Energy Information Administration is expected to report that 34 billion cubic feet of gas were added to storage during the week ended July 30, according to the average prediction of 24 analysts and traders in a Dow Jones Newswires survey.

The EIA is scheduled to release its storage data Thursday at 10:30 EDT.

The survey's median was 35 billion cubic feet, with a high of a 42 bcf build and a low of a 22 bcf injection. The storage estimate falls short of last year's 67 bcf build in storage for the same week and five-year average build for that week, which was 47 bcf.

If the storage estimate is correct, inventories as of July 30 will total 2.953 trillion cubic feet, about 7.7% above the five-year average and 4.1% below last year's level for the same week.

Some gas production was temporarily halted last week as a result of Tropical Storm Bonnie, and hotter-than-normal temperatures drove significant demand for natural gas to generate electricity for cooling. Gas traders expect that those factors will lead to a modest injection of the fuel into storage.

The "lost supply from shut-ins and the net warmer than average temperatures will continue our trend of bullish storage figures," wrote Ben Smith, the president of First Enercast Financial, a Denver energy advisory firm, in a note to clients.

The EIA's weekly storage page is http://tonto.eia.doe.gov/oog/info/ngs/ngs.html.

-By Christine Buurma, Dow Jones Newswires; 212-416-2143; [email protected]

tropical storm COLIN :
http://www.nhc.noaa.gov/graphics_at4...daynl#contents

Well nice move this week. Let's see next week if break down the triangle. Next stop 3.9 $ .

seems like weekly chart price broke the red T.L., 3.9 is on the way if break 50 % fibo at 4.225 .

monthly chart . is interested if price broke the T.L. and go down.

here it is weekly chart. see T.L. broke .

Hi may i have some support / advise whether to hold long or exit natural gas @ curr levels.

do you want trade natgas ?

for today let's see if break 4,25 support and go to 4 level.

DJ US NATURAL GAS INVENTORY SURVEY: 34 Bln-Cubic-Feet Build Seen
Aug 11, 2010

By Edward Welsch
Of DOW JONES NEWSWIRES


Analysts and traders expect government data scheduled for release Thursday to show a smaller-than-normal build in gas inventories.

The U.S. Energy Information Administration is expected to report that 34 billion cubic feet of gas were added to storage during the week ended Aug. 6, according to the average prediction of 19 analysts and traders in a Dow Jones Newswires survey.

The EIA is scheduled to release its storage data Thursday at 10:30 a.m. EDT.

The survey's mean and median result was 34 billion cubic feet, with a high of a 45-bcf build and a low of a 27-bcf injection. The storage estimate falls short of last year's 63-bcf build in storage for the same week and five-year average build for that week, which was 39 bcf.

If the storage estimate is correct, inventories as of July 30 will total 2.981 trillion cubic feet, about 7.8% above the five-year average and 5.2% below last year's level for the same week.

Hot temperatures in the northeastern United States cooled slightly last week from a week earlier, which saw a 29-bcf increase in supplies. The slightly cooler temperatures led traders to anticipate a slightly higher build in supplies as utilities use less gas to power air conditioners.

The EIA's weekly storage page is http://tonto.eia.doe.gov/oog/info/ngs/ngs.html.

-By Edward Welsch, Dow Jones Newswires; 403-229-9095; [email protected]

Guys, you'll have to forgive me, I have to admit my latest shenanigans in relation to natural gas. The abundance of it due to my arse in recent days is going to potentially drive price down further.

you have to sell it

Contango and backwardation are neither bullish nor bearish. All it means is the market is extremely unbalanced

hallo. do you remember what i answered to you ? look at the chart now.