Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Natural Gas: Wobbling Exhaustive Candle Set To Trend More Bearish

By Satendra SinghCommoditiesAug 17, 2022 10:15AM ET
www.investing.com/analysis/natural-gas-wobbling-exhaustive-candle-set-to-trend-more-bearish-200628645
Natural Gas: Wobbling Exhaustive Candle Set To Trend More Bearish
By Satendra Singh   |  Aug 17, 2022 10:15AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
NG
-3.12%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

The recent movement of natural gas on the daily chart indicate the final attempt by the bulls to try to test the recent $9.665 on June 8, 2022, but found it difficult to breathe here amid growing fear for the Fed rate hike.

Several Fed officials have signaled over the past week that the U.S. central bank will still act decisively to combat inflation, helping lift the dollar back up. U.S. retail sales data due later on Wednesday will also be watched closely as an indicator of the economy's resilience.

Natural Gas Futures Daily Chart
Natural Gas Futures Daily Chart

Futures continued on an uptrend since the start of the week, but a sharp upward move trend set to take a U-turn on Wednesday as the current fall looks evident enough to turn steeper as futures have finally completed double top at $9.665 on Wednesday that could keep the trend highly bearish as the bears have turned more aggressive at this point.

Even though futures are still trying to defend their front base at $9.4 but a breakdown below $9.224 will trigger a heavy sell-off and natural gas bears will set fresh targets.

Finally, if futures find a sustainable move below $9.224 on Wednesday it could be disastrous for the natural gas bulls.

Disclaimer: The author of this analysis does not have any position in Natural Gas futures. Readers are advised to take any position at their own risk; as Natural Gas is one of the most liquid commodities of the world.

Natural Gas: Wobbling Exhaustive Candle Set To Trend More Bearish
 

Related Articles

Natural Gas: Wobbling Exhaustive Candle Set To Trend More Bearish

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (4)
Greg Lynn
Greg Lynn Aug 18, 2022 2:38AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
It looks like fundamentals support a breakout, trend followers will pile on when this happens. You cannot ignore geopolitical conditions in your charting.
Bone Cone
Bone Cone Aug 18, 2022 2:38AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
singh is not wrong. The market should top here. But it will NOT. This market has short sellers for the Big Monsters of $Corporate Fascism to feast on. And that's what those monsters Eat. Singh totally nailed the start of this rally from 5.4. I should have bet it Bigger then and I may regret NOT listening to him now. But I aint no slouch. And I agreed with him on the RISE and I DO NOT see this TIME AS THE FALL.
Jay Means
Jay Means Aug 17, 2022 5:44PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Excellent anaylsis
shaikh uzaif
shaikh uzaif Aug 17, 2022 4:49PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I show ur last 4 analysis all are opposite to your analysis how and one more thing natural gas sooner hit 12$ and 13$ note my word
Greg Lynn
Greg Lynn Aug 17, 2022 4:49PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Singh is a trader, I trust his analysis matches his position more closely than fundamentals.
Rocco Savino
Rocco Savino Aug 17, 2022 1:15PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
You are typically a Bull, good seeing that Bears have the biggest upside, at this point
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email