Natural Gas (NG) Price Live
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Natural Gas FORECASTSview all
Natural Gas forecast for the week of July 24, 2017, Technical Analysis
Natural Gas markets initially tried to rally during the week but found the area near the $3.10 level to be far too resistive yet again. By the time we started to close out on Friday, we had formed a massive shooting star that sits just below the $3 level. This is a very bearish sign, … Continue reading Natural Gas forecast for the week of July 24, 2017, Technical Analysis
Natural Gas Forecast July 24, 2017, Technical Analysis
As many of you know, I have been extraordinarily bearish of natural gas for a very long time. I live in a region of the United States that has a lot of natural gas drilling, and I can tell you from first-hand account, we have more natural gas that we need in the United States. … Continue reading Natural Gas Forecast July 24, 2017, Technical Analysis
Natural Gas Price Analysis for July 24, 2017
Natural gas prices moved lower on Friday despite a larger than expected draw in inventories reported on Thursday by the Department of Energy. Prices dipped toward support near the 10-day moving average at 3.01. Resistance is seen near the July highs at 3.11. Positive momentum is decelerating as the MACD (moving average convergence divergence) histogram … Continue reading Natural Gas Price Analysis for July 24, 2017
Commodities Daily Forecast – July 21, 2017
Gold Weakness in the dollar has helped the gold to zip through the $1240 level on Thursday’s trade. For now, buying on dips will be the preferred way to enter the market which is expecting a resistance around the level $1250 and $1235 will act as good support region. In Long term, gold prices will target … Continue reading Commodities Daily Forecast – July 21, 2017
Natural Gas NEWSview all
Oil prices Dip on High OPEC Production and Rising US Inventories
On Wednesday oil prices went lower after the US inventories of crude oil reported a rise and ongoing high output from OPEC countries. These all factors are raising concerns of a fuel supply overhang in the future. Oil Stats today The international benchmark for crude oil prices, the Brent Crude futures were down by 3 … Continue reading Oil prices Dip on High OPEC Production and Rising US Inventories
Oil Prices Stable due to a Strong Demand from China
Oil prices went stable on Thursday as the concerns of ongoing fuel glut were eased by a strong demand from China. Brent Crude futures went up by 1 cent from the last price and were at $47.75 a barrel. WTI were down by 1 cent at 45.48 per barrel from the previous closure of session. … Continue reading Oil Prices Stable due to a Strong Demand from China
Climate Change is no Longer a Threat, It’s a Political Clash
Most investors wonder about the best investment decision amid the chaotic uncertain stance caused by the geopolitical circumstances which crystallized through the G20 summit. G20 summit or the G19+1 as the BBC preferred to describe it, held various topics on its agenda. Some of them were terrorism, Middle East tensions, North Korea threats, Ukraine, women … Continue reading Climate Change is no Longer a Threat, It’s a Political Clash
Crude Oil Drops as OPEC Output Grows, Russia Opposes Deeper Production Cuts
Crude oil dropped today, ending the rally that has started on June 22. Traders were still concerned about oversupply on the market. Output from the Organization of Petroleum Exporting Countries was growing despite relatively high compliance from members that agreed to cut their production. The problem was that those countries that were exempt from production cuts, like Nigeria and Libya, pumped enough oil to offset the cuts. … Continue reading Crude Oil Drops as OPEC Output Grows, Russia Opposes Deeper Production Cuts
Natural Gas (NG) Technical Analysis
TECHNICAL SUMMARY
Moving Averages
| SIMPLE | EXP. | WEIGHTED | |
|---|---|---|---|
| MA (5) | 3.0294 | 3.0300 | 3.0302 |
| MA (10) | 3.0295 | 3.0296 | 3.0295 |
| MA (20) | 3.0292 | 3.0292 | 3.0294 |
| MA (50) | 3.0286 | 3.0286 | 3.0286 |
| MA (100) | 3.0268 | 3.0236 | 3.0291 |
| MA (200) | 3.0100 | 3.0100 | 3.0226 |
Trend Indicators
| MACD (12,26,9) | 0.0004 |
| ADX (14) | 17.3611 |
| RSI (14) | 58.0975 |
| Williams %R (14) | -33.3333 |
| Stochastic RSI (14) | 100.00 |
| ROC (10) | 0.0495 |
| CCI (14) | 119.3798 |
| Ultimate oscillator (7,14,28) | 47.7065 |
| Stochastic Fast (14) | 66.6667 |
| ATR (14) | 0.0051 |
| BBands (20) | 0.0046 |
Pivot Points
| Name | S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| classic | 3.0236 | 3.0263 | 3.0286 | 3.0313 | 3.0336 | 3.0363 | 3.0386 |
| fibonacci | 3.0263 | 3.0282 | 3.0294 | 3.0313 | 3.0332 | 3.0344 | 3.0363 |
| camarilla | 3.0247 | 3.0251 | 3.0255 | 3.0313 | 3.0364 | 3.0368 | 3.0372 |
| woodie | 2.2685 | 1.5130 | 2.2735 | 1.5179 | 2.2784 | ||
| demark | 3.0275 | 3.0307 | 3.0324 |
| Pivot | S3 | S2 | S1 | N | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| classic | |||||||
| fibonacci | |||||||
| camarilla | |||||||
| woodie | |||||||
| demark |