Investing.com - Financial Markets Worldwide
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Natural Gas Futures - Jul 24 (MNGc3)

MCX
Symbol
Exchange
Currency
NGDerivedUSD
MNGc1MCXINR
NGLNMc1ICEGBP
NGc1CMEUSD
NGc2CMEUSD
NGc3CMEUSD
MNGc2MCXINR
MNGc3MCXINR
NGLNSc1ICEGBP
NGLNSc2ICEGBP
NGLNSc3ICEGBP
NGc4CMEUSD
NGc5CMEUSD
NGc6CMEUSD
NGc7CMEUSD
Currency in INR
Disclaimer
250.70
-4.70(-1.84%)
Closed

Natural Gas Futures Discussions

Pappa gave you 2.92. What a dream. Thanks pappa
Soon oprning shorts again above 2.68 $ 2.69 and 2.7 $ to refill shorts !! Good night 🎉
Ding dong !! Allarm ringing !! Closing shirts opened above 2.69 $ 4H ago !!
Long or short?
Short
Still double bottom has to hit 1.6 area then big long for me
Hey Ab, I hear you. Go short all the way.
Bush man, we were at 3 went to 4 then back to 2 then to 3 then back and fourth 2 we hit 1.6 back to 3 now back to 1.6 same game verytime
Ab Mu, there are different ways of looking at things. You are a day trader, and I am a long-term investor. We are both correct as you have indicated at some you will go long. You are a good day trader, but not my game.
Who ever buy this will he in massive losses soon
Even a baby can see this look at 4h reversal candle easy short this above 2.7
We are in commodities super cycle this beauty didn't hit ATH as yet ;)
Ahh don't by that humble Peppy , we will see COT tomorrow... interesting.. chart still bullish above 2.6 IMO, i am already in July from tonight at 2.941, repeat from last roll , and don't look back till we hit 3.4 creating nice cup? just thinking loud
Deep drilling and horizontal fracking are slowing due to inflation and financial costs. Most wells being drill are exploratory and corporate inventory reports. These well are not being taken into production but are shot-in awaiting more capital resources. Those resources will only come with higher NG income and prices.
Its been playing same game wvery time you guys get trapped… goes 1 dollar up then 2 dollar down in july you hit 1.6 that contract is like above 3 means ng negative
It will go up a little then down we will end week with 2.5-2.550 massive bearish weekly candle now
buy the next DB on 30 RSI.
so Bush..yr an oilman...
If it helps, my grandfather was Superintendent for all Venezuela oil fields back in the day. My father was born in the Slick City oil field in a tent.
Weekly hst left a wick and is massive bearish now for next week… we will visit 2 again
Blabla go home loser
time to buy is now, Dont wait until prices go higher.
today was a head scratcher..but not surprised..pullbacks are OK..but cot is king...let's see if shorts continue baling for 3rd week in a row...if so...bulls will continue to be rewarded
Hey Peppy!
Shorts wont win as with the pull back there was liquidity taken as well. Look out for volume as this will play a key role in which direction the mcx goes, though I'm seeing a DB on the 1HR time frame. Not there yet but will be by later on tonight.
I'm not as smart as my pals Bush or Johnny Bravo...but mkt is tight by 4 bcf/day...so in 5 months surplus is all done...prices >4$..and depending on Europe storage or LNG boycotts...could easily be much higher...
Klaus Schone, I live in the Oklahoma oil and gas patch in the USA. I have mineral rights and gas wells. There are advantages to having insight to the producers rather than the gamblers. Trust me about production cuts and demand increase. If you buy now and hold for 8-10 months you will be well compensated.
Bush Man, you shouldn't forget we still have a huge 1000 pips contango in the July contract to the winter contract January 2025. That's huge.
Backwardation only occurs 25% of the trading time. But backwardation still occurs. This is the best setup I have seen for backwardation to develop in many years.
Down until next week especially with contango next week. Then I am back in long. Just got to get the timing right. GL
What if Contango turns into Backwardation?
It hasn’t yet had it
What's contango? And what does backwardation imply here please?
Jonny_Bravo is corect. NG is going up quicker than I previously believed. This will be an exponential climb to the top. According to the slope of the graph and the PID algorithm, NG will be $6.00 by July and $8.00 by September.
Why you think $6 in july???
this is 100% up!!!
I like he different scenarios, but can you tell me what needs to happen to the candles, 10/20/50 MA in the 5 and 15 min chart first, continuation or reversal
to the call that you are making
Y/Y Domestic Consumption was UP again last week! If y/y domestic demand were to remain as little as FLAT through the end of September, 1 yr and 5 yr surpluses will BOTH be HISTORY! The good news is y/y domestic consumption in Q3 and Q4 will outpace by at least 1.5 bcf/d. Y/Y Exports will outpace by at least 1.5 bcf/d. Bull market is ON THE WAY FOLKS!!!
It is gaining some support slront 2330 area, There might be slight bounce from here upto 2350 range….☝️☝️☝️
...
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.