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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

this might be a strange summer IMHO...when you expect ng to drop during summer...this might do the reverse...rise and then  only drop before winter...call it a gut feeling
I think this will open up 2 or 3% tonight... Friday close was bullish.
wti pops tonite at opening with iran leader crash...so ng is also dragged up....short term..IMO, why would anyone short...short contracts down 100k in last 2 weeks...and long positions are highest since Jan
Natty is building momentum... FOMO will carry this way higher than fundamentals dictate. Just like it went too low recently and too high before that. It can be manipulated by big money as its not a huge market like WTI. Hang on until you reach decent profit then bail. GL and happy not to be shorting this :-)
Texas power demand 16x normal this month
Closer to June Rollover, PA will be bouncing higher n higher. Weekly/Monthly charts super bullish.
Iran leader is no more!! Spikes incoming
The Panama Canal is reliant on rainwater, which is in short supply. A lack of rain and the El Nino weather phenomenon have contributed to the second driest year in the canal's 110-year history.
freeport is at a 5 month high now..hopefully all trains will stay open now
too optimist 3 but this week change a lots things.
Agreed.
Will Sellers Emerge at $2.686 to $2.867
that is the querstion that FX-Empire is asking in its article from 10 hours ago
very good I guess u read the article 2
@ Tony Dinger and Johnny Bravo. You gentlemen reckon we'll see a similar feat this year as 2021 where in Sep/Oct there was a sudden surge to $5.5 - 5.75. Only thing holding it down now is the surplus
Actuary, Commodities can take on a life of their own! Bulls can make more money if the producers hold off with supply!
yes, i believe so, every dip is buying opportunity for now ... accumulation of every dip from now on and ride till end of the year....imo, not financial advise ...GL
how does raisi's crash impact on ng price?
Wont they open more taps at these high prices?
Nope and price is not high.
NG is up 75% from the low
Increasing well productivity is driving growth in US crude oil and gas production /EIA/
but storage volumes did not decrease, but grew by +70 billion C.F. in a week, next week they will most likely grow - more, because they became +1 billion in a week more than they grew the week before, that is, there was an increase in the growing stock, and because the price is higher, it means they will use the pressure from the depths to the maximum, the valves will be turned off as much as possible to extract gas from wells, ...gas consumption fell again in the previous week.
Fake News Boy
tomorrow opening around 2.500
good jocks
FX Empire: 'Given the current market conditions—reduced storage increases, lower production, and strong LNG exports—natural gas futures are likely to maintain their upward trend in the short term. However, potential cooler weather could temper this bullish outlook by reducing immediate demand for natural gas. Traders should remain vigilant regarding inventory reports and weather forecasts to navigate this volatile market effectively.'
We are trading USA NG FUTURES... Will be July contract soon and the summer heat is already building in the south. Power stations have converted from coal to NG. Power burn is predicted to be highest ever this year and AI computers have added more consumption.Well are at their lowest since 2021. Investment in production has been restricted. Stay long and hold for now. This could really surprise to the upside as its been held down way too long.
data centre energy use will triple this year , connected to rapid AI growth and reliable source of energy available 24/7
Depending on inventory, the week is +10-+12, -10-12%. If this week is good, it will test $2.86, otherwise it will return to $2.47.
trend...
Is your friend :)
Did you start shorting ?
a trend is a trend, it doesn't matter which direction it is if I can make money, simply sharing how I can see it
I shared some of the news that I found and my take on it, I'm not tiring to control any pricing, they may/may not go for profit with the 61.8% Fibonacci level coming
200 MA on Daily chart is pierced in last movement, to support bull run further 20MA of Bollinger is crossing 50 MA, even though RSI is in overbought region, but giving the fact of freeport full capacity run, hot weather increasing cooling demand and options expiry this week, there will be high volatility in next session, and chances of 2.7 to 2.75 is quite high. On top of it next contract rollover is also standing on 2.8 mark currently, which seems to be more riskier at this point of year for bulls and rather more favorable for bear camp. Better to either remain on sideline, until next rollover or flip to sell side after 2.7-2.75 mark. Good Luck to all. I am out of by buy from below 2 opened last 3 months ago with some profit after crossing 2.52 mark(thanks to hefty rollover which messed up all opportunity)
closing of this expire at what rate NG can go
I am expecting this to touch 2.7 range, but this is natty and it is really a widow maker.....can go very fast, so either play with SL or hedge, whatever strategies suits your trading style
I wasn't the one giving bad weather data from an almanac, I was giving accurate data, days ahead of other forecasters in most cases and posting their data and mine, showing the difference, somebody has selective memory
HF need to refill longs at lower price to make big profit twice by mid summer !!
...
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