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Natural Gas Prices Technical Analysis - Natural Gas Prices Trading: 2022-01-31
Natural Gas Technical Analysis Summary
Above 4,68
Buy Stop
Below 3,63
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| MA(200) | Buy |
| Fractals | Buy |
| Parabolic SAR | Buy |
| Bollinger Bands | Buy |
Natural Gas Chart Analysis
Natural Gas Technical Analysis
On the daily timeframe, NATGAS: D1 came up out of the downtrend. A number of technical analysis indicators formed signals for further growth. We do not rule out a bullish move if NATGAS: D1 rises above the upper Bollinger band and its latest high of 4.68. This level can be used as an entry point. Initial risk cap possible below Parabolic signal, 200-day moving average, and latest down fractal: 3.63. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit / loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (3.63) without activating the order (4.68), it is recommended to delete the order: there are internal changes in the market that were not taken into account.
Fundamental Analysis of Commodities - Natural Gas
Cooler temperatures are expected in the US. Will the NATGAS quotes continue to grow?
Cold weather in the eastern and central United States could continue into mid-February, according to Commodity Weather Group. The Edison Electric Institute reported that in the week ending January 22, US electricity production increased by 10.3% y/y. According to the U.S. Energy Information Administration (EIA), U.S. natural gas inventories fell 10.1% y/y over the week and are now 1% below their 5-year average. Another positive factor could be an increase in US liquefied natural gas (LNG) exports by about a third compared to January last year. Moreover, EIA predicts that for the whole of 2022 it will increase by 2 times compared to 2021. Note that the demand for American LNG has increased significantly in Europe due to the risks of new anti-Russian sanctions against the backdrop of disagreements between NATO, Ukraine and Russia. According to Eurostat, the share of Russian gas in European consumption reaches 40%.
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This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.
