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Natural Gas Futures - Jun 24 (NGM4)

Real-time capital.com
Symbol
Exchange
Currency
NGDerivedUSD
MNGc1MCXINR
NGLNMc1ICEGBP
NGc1CMEUSD
NGc2CMEUSD
NGc3CMEUSD
MNGc2MCXINR
MNGc3MCXINR
NGLNSc1ICEGBP
NGLNSc2ICEGBP
NGLNSc3ICEGBP
NGc4CMEUSD
NGc5CMEUSD
NGc6CMEUSD
NGc7CMEUSD
Currency in USD
Disclaimer
2.638
+0.143(+5.73%)
Closed

Natural Gas Futures Discussions

https://invst.ly/14w-kp --- This Chart indicated the trend up side on 3rd 2.15 above n May it confirmed further up on 9th 2.30+ to words next level of 2.889 is a observation level.
Thanks Johnny_B and wdelboy.
all dream will be fullfill on Monday, Bulls May contract should be -20%
how?
mcx opening price around Rs230/. you go to sleep and Monday midnight 3.30 Am u open your eyes
Why
Power burn expected to be at record levels in USA this summer. Supply and demand is tightening all the time. Weather is bullish too. Storage will drop and the 4000 storage now not expected to be reached. That along with low number of rigs and reduced output should see this continue to rise with a few bumps on the way.
Good inputs Crazy... but as Peppy said next potential up target is 2.7 and 2.8 and that can make massive cup and handel ... at this point 2.5$ is support and around 2.2 - 2 significant support .. we shall see next week what we have in the schedule
Rollover coming, Don't try to oversmart, NG is Very dangerous, seem like you have not seen Red days
yes i am waiting for roll over to re load... GL Umar
but so far let me enjoy my ride ;)
Crazy… i have shorts and carry forwarded 2.610 s. My shorts are based on few technicals. 1. The daily breached 200 SMA and closed above it. Usually it needs to consolidate and then had it broken then i would be more convinced. Hence in my previous post i mentioned it has to be retetsed. 2. When was the RSI so close 80 over bought last time. We should be seeing sole cooling effect. Lets see nothing is for sure.
Crazy.. one more usually when u plot a 200 EMA on NG futures , daily when it attempts to break , it usually rises upto 9% -11 . We have already hit that 9% , based on history it shud retest and break below.
cool based on history we should get those missing 3% on Monday and rest will be history GL very good inputs , thanks
Last time rsi so high is April 2021 it correct quickly 38.2 fib and then rises up again my view we see 2.68/2.7 and then retrace to 2.28
'It's a fact, electricity demand is experiencing three times faster growth in 2024 than what we have seen in a decade. [...] According to GSC Commodity Intelligence – a major factor behind skyrocketing demand is rapid innovation in artificial intelligence, which is driving the construction of large data centers to handle and process the vast amount of generated data. [...] Data centers need reliable, uninterruptible power to function 24/7. Renewables energy such as solar and wind, even when backed-up by batteries, cannot provide that on their own. While this remains a major challenge for the sector – there is only one alternative fuel offering reliable, steady, power at scale, with almost 50% less emissions than coal. And that’s Natural Gas.' https://www.fxempire.com/forecasts/article/heres-why-the-booming-ai-revolution-makes-this-commodity-a-compelling-buy-1431478
Crazy… no wonder only NG can do this . Few days back when everyone expecting 1.5 now same folks are on FOMO for 3$
Crazy.. Thanks bruh
liquidity is high in the markets, momentum is strong once it begins.
Crazy.. accepted but it has been extending way too much. Hope for a cool off
Crazy.., we have an unfonished business @200 SMA 2.450 . We shud be testing it again . Lets see everyone is superbullish for gap up sunday…
Trimmed most keeping one runner for now , after rollover i will start accumulating again like a Crazy... i am missing you bro
Crazy.. i will be going huge long @ 2.350, 2.20 and 2.150 sl 2. Hope we get these levels and will ride the longs for rest of summer till winter
good i am with you on that one
2.25 open monday!!!
Sweet dreams not yet
So NG is forced to test 3.00 not far from now. Let's see if we can overcome 3.00
we would like to see again 2.00 +/- 0.20 lower end again after expiry of present contact.
Lower circuit someday as it is moving like mad.
I love the way they predict up the NG gas- big numbers we are seeing from few here like 3 and 4 5 and 6,7 the moves of predictions are 25% onwards on every spike....funny hahaha. I can see as well a gap down by Monday and Tuesday 2.4
Nice dreams
Cash Price settlement on 17th May, 2024 was 2.630 means one dollar up (1.641) from 25th April, 2024. Before what price we going to see ? Projection at my end 2.630 / 2.889 / 2.999.
JIM COOP ANY SUGGESTIONS PLEASE
it may fall single day 10% with this current trend.
one small bad news will create the create massive bears
2.710 then 2.8 next weeks resistance and target price... Onwards and upwards.
yes she looks still very bullish
During the last 3 days rise from 2.35 $ to 2.638 $ I got some good profit scalping with longs but as well lost more than the money i earned holding and opening shorts !! From april to early may I got big profit with longs during the move from 1.61$ / 1.91$ to 2.37 $ !! At the end after 3 1/2 weeks still in small profit with may contract . Now my position is again 100% short and need a retracement to close big short position opened at 2.65 $ . If will gap up will loose few dozens of thousands of $ in few seconds !! If gap dawn 😅!!
Just shut up you will not have it right as you think Lol i have been watching you a lot you aren't right allways
don't worry it will retrace
Thanks Sanjay, John stop ranting about your regrets. It's gonna gap up. You gonna lose money. Live with it.
Looks stronger than it has been.for some time. Great close and more starting next week. Natty is a trend and its trending higher. GL
Next 15?days the pattern returns to what it’s been much of the past few weeks and that’s warm to hot conditions over the southern 1/3 of the US w/highs of mid-80s and 90s besides locally hotter 100s Southwest deserts into W. Texas. However, the northern 2/3 of the US will remain quite comfortable w/highs of 60s-80s, besides locally cooler 50s where weather systems track through.
The overnight data, the GFS added 4 TDDs on a near even gain of CDDs (bullish) and HDDs (bearish), while the EC lost 1 TDD. The new midday GFS is trending a little cooler, thereby adding unfavorable HDDs at the expense of the loss of CDDs.
national demand will again be light today due to a weather system exiting Texas and tracking across the South w/highs of 70s and 80s. In addition, highs of upper 60s to lower 80s are expected most elsewhere across the US today .
Should be priced in all bullish news as Freeport LNG showing stronger flows of 1.9 Bcf/day, or much lighter year over year production, as well the bouts of early season heat over Texas, and the expectation the combination of a hot summer and a tight balance will steadily decrease surpluses over time.
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