Natural Gas

[winston]

The More I Stare at the Chart of This Commodity, The More Bullish it Looks to Me

by Jeff Clark

Rick Rule: The cure for low prices for a commodity is low prices.

As long as natural gas doesn’t fall below the August low near $2.45, the odds favor a bullish move.

If natural gas can make a decisive breakout above $2.80, then there’s a good chance it could run as high as $5 over the next two months.

A breakdown below $2.45 changes the picture from bullish to bearish.

Source: Jeff Clark Trader

https://dailytradealert.com/2023/08/14/ ... oks-to-me/

[behappyalways]

European Nat Gas Prices Tumble After Chevron Australia LNG Workers Delay Strike
https://www.zerohedge.com/markets/europ ... lay-strike

[winston]

not vested

This Commodity Has Clearly Broken Out of Its Consolidation Pattern

by Jeff Clark

Natural gas is trading at its highest price since mid-January. The next real resistance level is all the way up at $5. Granted, it’s not going to be a straight shot higher.

Source: Jeff Clark Trader

https://dailytradealert.com/2023/10/13/ ... n-pattern/

[behappyalways]

US Crowned World's Top LNG Exporter
https://www.zerohedge.com/commodities/u ... g-exporter

[behappyalways]

Old Man Winter To Plunge Europe, US Into Deep Freeze After Mild December
https://www.zerohedge.com/weather/old-m ... d-december

[behappyalways]

Go America. We're the largest exporter of natural gas on Earth.
https://twitter.com/Mayhem4Markets/stat ... 2980246833

[winston]

Prepare for the Inevitable Bounce in Natural Gas Prices

by Tim Plaehn

On January 24, the Biden administration announced a “temporary pause on pending decisions on exports of Liquefied Natural Gas (LNG) to non-FTA countries until the Department of Energy can update the underlying analyses for authorizations.”

The announcement cratered the price of natural gas.

Most natural gas producers cannot profitably drill for gas at $1.50 metric million British thermal units (MMBtu).

Source: Investors Alley

https://tradesoftheday.com/2024/02/27/p ... as-prices/

[winston]

US Natural Gas Output Hits All-Time High in December

Gross US natural gas production from the lower 48 states soared to a record high in December, reaching 118.2 BCf per day, up 7% year-on-year as the Permian, Marcellus, and Utica basins have all continued their steady rise.

Source: Oilprice.com

[winston]

China’s LNG Imports Soar to Seasonal High

China’s imports of LNG jumped to the highest-ever level for February, rising to 5.5 million tonnes, up 15% year-on-year as JKM prices plunged to $8.5 per mmBtu and import economics improved, setting the Chinese economy on course for an 8% year-on-year hike.

Source: Oilprice.com

[behappyalways]

Bullish Bets On Gasoline Futs Soar As Pump-Prices Risk Rising To "Politically Sensitive" $4/Gallon Level
https://www.zerohedge.com/commodities/b ... tive-level