Natural Gas Confirm Targets 400 Natural Gas Price Analysis and Outlook
As of February 14, 2025, natural gas (NG) prices have exhibited significant volatility, influenced by various market dynamics.
Technical Analysis
Current Price Range : The latest support level for NG prices is identified between ₹286 and ₹293 per unit.
Major Support Level : A more substantial support zone exists between ₹250 and ₹260, indicating strong buying interest at these levels.
Major Resistance Level : On the upside, significant resistance is observed between ₹410 and ₹420, which may act as a barrier to price increases.
With increasing power demand, cold weather, rising forecasts, and strong exports, natural gas prices are likely to go up in the near future
Natural Gas
Naturalgas Uptrend Movement Expected upto 4.0Symbol Naturalgas
Timeframe 4 Hrs
A
Analysis : Breakout from the W Pattern.. Target expected is T1 = 3.7, T2= 4.0, T3= 4.6
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Also, please respect the risk - stop loss (SL) should not be more than 2% of the capital.
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NATURAL GAS - CAPPED UPSIDE & MORE DOWNSIDE?Symbol - XNGUSD
Natural Gas has recently been trading within a wedge pattern, which has now broken to the downside. This technical development suggests that the upside potential appears capped for the time being. The market is currently testing critical levels, and the broader outlook seems to be more focused on downward movement in the short to medium term.
There is a possibility of a breakdown retest around the 3.25 - 3.30 area, which could act as a key resistance zone. If this level holds, we could see a sell-off, confirming further downside pressure. The outlook for Natural Gas, in this context, leans bearish, with the price potentially targeting the 2.80 - 2.70 range in extension.
The market is closely watching weather forecasts and energy inventories, with any cold weather or supply disruptions potentially offering temporary support. However, unless these fundamentals change significantly, the technical breakdown suggests limited upside potential and further downside risks.
Resistance levels: 3.28, 3.20
Support levels: 3.00, 2.80
Technically, the current outlook favors a move lower, with further downside expected if the price fails to reclaim the 3.25 - 3.30 resistance. Should the retest of these levels hold, we could see a sell-off towards the 2.80 - 2.70 area. A failure to hold above the 3.10 support would reinforce the bearish sentiment and suggest further declines.
Natural Gas - January, 2025 month analysis.Two important key levels for the January month are $ 3.13 and $ 4.34 level.
We can look for buy side Opportunities from $ 3.13.
Disclaimer: We are not SEBI registered. All the content (videos, comments, posts, community posts, live streaming, etc) is for educational and informational purposes only, Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions.
03-01-2025 Natural Gas longNow from here onwards, we can look for buy side opportunity GAP is completely filled.
Maximum down side potential is $ 3.30 level, only for today because next trading day is Monday (06-01-2025).
Disclaimer: We are not SEBI registered. All the content (videos, comments, posts, community posts, live streaming, etc) is for educational and informational purposes only, Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions.
02-01-2025 - NATURAL GAS!After filling the GAP, we can look for an opportunity to long NG.
As per the present situation, buyers can active anytime below $ 3.40 level.
Disclaimer -
1- I am not a Financial Advisor
2- This is only for educational purpose.
3- I am not responsible for any of your trades .
4- Your profits or loss are not my responsibility its on your own risk completely .
5- I simply share my views towards Market , So before taking trade consult your personal Financial Advisor .
01-01-2025 Natural Gas Analysis15 min Chart Analysis of Natural gas.
Till $ 3.37 level every buy move can be short
After $3.37 level:
1. If the price continue in downward direction - then wait for an strong buying pressure for a upside move.
2. If the we get a bullish engulfing pattern at the base - then we can see an up move till $ 3.72.
Disclaimer -
1- I am not a Financial Advisor
2- This is only for educational purpose.
3- I am not responsible for any of your trades .
4- Your profits or loss are not my responsibility its on your own risk completely .
5- I simply share my views towards Market , So before taking trade consult your personal Financial Advisor .
Double Direction Move from now on Natural Gas.Reference from Previous Analysis - Reached $ 4 level.
A rejection from $ 4 level is seen. Now natural gas is in a position from where the seller can take action and try to bring the price to $ 3.40 and fill the gap which is pending or the buyer can take the control and can touch level $ 4.30 and from there we can see a selling move.
In this kind of situations,
* If level $3.40 is tested we should be ready to buy.
* If level $4.30 is reached then we should be ready to sell.
In between we should avoid taking any trade.
Disclaimer -
1- I am not a Financial Advisor
2- This is only for educational purpose.
3- I am not responsible for any of your trades .
4- Your profits or loss are not my responsibility its on your own risk completely .
5- I simply share my views towards Market , So before taking trade consult your personal Financial Advisor .
NATURAL GAS - REVRSAL TRADE ON SHORT SIDESymbol - NATURALGAS!
NATURALGAS! is currently trading at 320
I'm seeing a trading opportunity on sell side.
Shorting NATURALGAS! Futures at CMP 320
I will be adding more position at 330, if comes.
Holding with SL 335
Targets I'm expecting are 295 - 282 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
#Naturalgas important levelsMCX:NATURALGAS1!
This chart shows an analysis of Natural Gas Futures and gives us an idea of
where the price might go next:
1. Resistance Zones: There are areas around 283 and 287.5 where the price
struggled to go higher in the past. These are levels where sellers might
come in again.
2. Support Zones: The price has strong support at 271 and 267.4, which are
areas where buyers stepped in before to stop the price from falling
further.
3. Downward Trendline: The price is generally moving downward, shown by
the slanted line. If it can break above this line, it might signal the start of
an upward move.
4. Two Possible Scenarios:
Upward Move: If the price goes above the resistance and breaks the
trendline, it might head toward 287.5.
• Downward Move: If the price doesn't hold above support, it might
drop back to 267.4 or low
In simple terms, traders are waiting to see jf the price breaks above the
resistance (good for buyers) or falls below support (good for sellers) to decide
the next move.
Natural Gas Futures Breakout: Key Levels to Watch Above 250 INRThis chart shows the weekly price action for Natural Gas Futures on the MCX (Multi Commodity Exchange) with some key technical indicators:
Analysis:
Trendline Breakout: The price has successfully broken out of the symmetrical triangle, signaling a potential bullish reversal. A breakout from this pattern often leads to further upward movement, especially if it’s supported by strong volume.
Key Resistance Levels: With the price near 250, it’s approaching the next resistance levels at approximately 254 and 278. If these levels are surpassed, the next target could be around 305 INR/MMBtu.
Volume Confirmation: The volume is relatively strong, adding credibility to the breakout. A sustained increase in volume would reinforce the bullish outlook.
Trade Plan for Natural Gas Futures:
Entry:
Enter around 250 INR after the breakout confirmation.
Targets:
Target 1: 278 INR
Target 2: 305 INR
Stop Loss:
Set a stop loss below 240 INR to limit downside risk.
Risk Management:
Consider booking partial profits at 278 INR and trail stop to breakeven.
This trade plan is built on the breakout with targets at 278 INR and 305 INR, while managing risk with a stop loss below 240 INR. Watch for volume to confirm momentum, and adjust your stop or book profits as key levels are reached.
natural gas longNatural gas has been in an uptrend on the daily charts for a while and after some correction on the daily time frame it has broken put from a head and shoulder reversal pattern on the hourly time frame. It is now re-testing the neckline support. This is a great entry point for a long in the commodity to capture the trend on the longer term time frame with a reasonable stop loss at the low below the right shoulder.
MCX Natural Gas Analysis for medium termMCX:NATURALGAS1! looks bullish.
If we look at the daily chart carefully, we will see it retraced a lot and tested 125. Then it is mostly a range bound from 140 to 280.
Now this 280 level is also the 23% Fib retracement level.
Around this level the price hits already 5 times, after breakdown almost one and half year back. However this time it has created a W pattern. (or one can say a rounding bottom pattern).
After testing the 280 level in one week back, it retraces back a bit and most likely creating a nice Cup and Handle pattern.
Here are the expectations:
NG will test 280 level once more.
After that if it able to brakes it out 280, it will go to test the next resistance.
The next resistance is 400 level, positionally.
Also fundamentally, per the estimation of International Energy Agency (IEA) Global Gas Security Review, the Natural Gas demand is forecasted to rise by over 2.5 per cent in 2024, with similar growth expected in 2025. And it will be steady for next few years even with 1.5 degree Paris Weather convocation.
So stay alert. Above 280 sustains means it's a Buy on Dip on Natural Gas. Till then: Wait and Watch.