NG_F Natural Gas

$NG_F update from 22 September looking for Natural Gas to rally higher in powerful nesting impulse #elliottwave

$NG_F $UNG • ⚪ CONSOLIDATION SMC SETUP 🏛️ INSTITUTIONAL PRE-BELL ORDER FLOW • Spot: 2.7830 | ⚪ CONSOLIDATION • Valuation: NEUTRAL • Dealing Range: 2.7260 ➔ 3.3950 • Refined Demand (+OB): Structural base • Overhead Supply (-OB): 3.2210 – 3.2290 • Buy-Side Liquidity (PDH): 3.0040 [UNTOUCHED] • Sell-Side Liquidity (PDL): 2.7660 [SWEPT] • Imbalance (50% CE): Balanced tape Full algorithmic levels & execution rules on chart card. #SmartMoneyConcepts #Trading #PriceAction #OrderFlow

$NG_F Look at the nice (top) hammer head. That's very bullish when it occurs after continuous slide. It's a strong reversal signal. $QQQ $TQQQ $SOXX $DRAM

$NG_F $UNG • ⚪ CONSOLIDATION SMC SETUP 🏛️ INSTITUTIONAL PRE-BELL ORDER FLOW • Spot: 3.1030 | ⚪ CONSOLIDATION • Valuation: NEUTRAL • Dealing Range: 2.7530 ➔ 3.3950 • Refined Demand (+OB): 2.8450 – 2.8470 • Overhead Supply (-OB): 3.2030 – 3.2370 • Buy-Side Liquidity (PDH): 3.0830 [SWEPT] • Sell-Side Liquidity (PDL): 2.9970 [UNTOUCHED] • Imbalance (50% CE): Balanced tape Full algorithmic levels & execution rules on chart card. #SmartMoneyConcepts #Trading #PriceAction #OrderFlow

$NG_F this is unnatural movement in a commodity. This kinda stuff doesn’t just happen bc. A huge bull fund must have been liquidated.

$NG_F called it: wave ii completed, rally followed as expected. Bulls stay in control above 2.638 — here's the H1 chart as shared with members. Where do you see this heading next? #Elliottwave #Commodities

$NG_F $UNG • ⚪ CONSOLIDATION SMC SETUP 🏛️ INSTITUTIONAL PRE-BELL ORDER FLOW • Spot: 3.1190 | ⚪ CONSOLIDATION • Valuation: NEUTRAL • Dealing Range: 2.7260 ➔ 3.3950 • Refined Demand (+OB): 2.7150 – 2.7280 • Overhead Supply (-OB): 3.2210 – 3.2290 • Buy-Side Liquidity (PDH): 2.8380 [SWEPT] • Sell-Side Liquidity (PDL): 2.7260 [UNTOUCHED] • Imbalance (50% CE): Balanced tape Full algorithmic levels & execution rules on chart card. #SmartMoneyConcepts #Trading #PriceAction #OrderFlow

$NG_F how does natural gas keep going down so aggressively? I understand maybe not going up even though with the increased usage I’d expected but why does it have to go down so aggressively?

$NG_F that’s a crazy move. It has to be a fund blowing up and dumping its contracts. We had a hedge fund blowing up about 1 yr ago that was betting nat gas up. I still think there a component of data center companies pushing this down in order to sell debt.