Get started

GAS

UNG: NG Natural Gas Declining Through Summer on Low DemandNG Natural Gas August futures contract has been declining on cancelled LNG shipments and low national demand. US supply keeps steady outpacing demand. US demand started improving on June 21st due to reopening of NY-NJ-PA economies. However, Texas extended its lockdowns, counteracting positive effect of the East Coast. Seasonal heat is high. But with 40-50 August LNG shipments cancelled, the market may remain in oversupplied state for months to come. August 24th may be a potential turning point for natural gas. Prices are likely to continue decline under current oversupplied conditions. Analysts see target support at $1.25, 1995 low, and then at $1.00, all-time low. Resistance is seen at $1.52, and $1.60 levels. Technicals: Daily chart is pointing to a neat-term bottom with potential upward move within declining channel. NG rolled into August contract, which was trading higher than July contract, which could explain a Friday pop. There is a possibility for a near-term price improvement to $1.65- $1.75 level (tentative), between July 1st and July 17th, with continuing decline after mid July.
NYMEX:NGN2020
by tradexchart
Natural Gas: Excellent Buy Opportunity for Long-term Investors.Natural Gas is trading within a Channel Down (on the log scale) on the 1W chart (RSI = 45.584, MACD = -0.111, ADX = 31.401) since 2009. This pattern provides very accurate Cycles, bullish when a Lower Low is made (green arrows) and bearish when a Lower High is made (red arrows). At the moment the price has just made contact with the Lower Low trend-line, making Natural Gas an automatic long-term buy opportunity for the next 2-3 years. Keep a few reserves for the lower slope dotted Lower Low trend-line for one last buy if needed. Depending on your risk tolerance book the profit just above the 1W MA200 (orange trend-line) and re-buy on the test of the 1W MA50 as support. This pattern took place on the previous two Cycles. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
OANDA:NATGASUSDLong
by InvestingScope
2
MTDR was a top gainer, rising +270.64%. Expect Uptrend reversalMatador Resources (MTDR, $8.71) was one of top quarterly gainers, jumping +270.64% to $8.71 per share. Tickeron A.I.dvisor analyzed 95 stocks in the Oil & Gas Production Industry over the last three months, and discovered that 90 of them (95.24%) charted an Uptrend while 5 of them (4.76%) trended down. Tickeron A.I.dvisor found 227 similar cases when MTDR's price went up 15% within three months. In 139 out of those 227 cases, MTDR's price went down during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend reversal for MTDR are 61%.
NYSE:MTDRLong
by AlTorress
NBLX was a top gainer, rising +204.09%. Expect Uptrend reversalNoble Midstream Partners LP - Unit (NBLX, $8.99) was one of top quarterly gainers, jumping +204.09% to $8.99 per share. Tickeron A.I.dvisor analyzed 40 stocks in the Oil & Gas Pipelines Industry over the last three months, and discovered that 40 of them (100%) charted an Uptrend while none of them (0%) trended down. Tickeron A.I.dvisor found 169 similar cases when NBLX's price went up 15% within three months. In 106 out of those 169 cases, NBLX's price went down during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend reversal for NBLX are 63%.
NLong
by AlTorress
4HS Bearish Scenario + Trade idea on NATGAS by ThinkingAntsOkMain Items we can see on the chart: a) The price has broken a major support zone b) Before that happened we observed a consolidation of 150 days c) Now we can see a bearish breakout and this is the way we will trade it d) Based on the previous scenario we had a breakout and then a pullback, that's the same logic of what we will be waiting e) If the pullback happens we will set orders below the structure and our Target will be the 2nd support zone.
NYMEX:NG1!
by ThinkingAntsOk
1
AM, ($5.41) was a top quarterly gainer, rising +151.95%Price = $5.41 Daily change = -$0.31 (-5.42%) Daily volume = 5.7M 3-month price change = +$3.26 (+151.95%) Capitalization = $2.6B Tickeron AI shows that Antero Midstream (AM, $5.41) was one of top quarterly gainers, jumping +151.95% to $5.41 per share. Tickeron A.I.dvisor analyzed 40 stocks in the Oil & Gas Pipelines Industry over the last three months, and discovered that 38 of them (94.12%) charted an Uptrend while 2 of them (5.88%) trended down.
NYSE:AMLong
by AlTorress
NG: UGAZ: Natural Gas Consolidating Lower. Demand Improving.NG Natural Gas July futures contract continues declining on recent lower demand. Fundamentals are still bearish: low LNG exports, 4 Bcd vs 9 Bcd in the winter, and cooler weather over North East. The temperature is expected go higher on June 25-28, per NatGasWeather. With economy reopening on June 20-21, EIA weekly report may turn bullish in the 1st week of July. The chart is oversold; buyers are coming in at $1.60 level. Last week build was 93 bcf. A build below 90 bcf would be a bullish sign. A short-covering rally may happen soon in anticipation of improving demand. Lower prices are still possible, if LNG exports do not improve, or weather does not prove to be hot enough. Yet, reopening of the economy should boost demand significantly moving into July.
NYMEX:NG1!
by tradexchart