{"id":102779,"date":"2017-03-02T06:06:13","date_gmt":"2017-03-02T11:06:13","guid":{"rendered":"http:\/\/countingpips.com\/?p=102779"},"modified":"2017-03-02T06:06:13","modified_gmt":"2017-03-02T11:06:13","slug":"natural-gasruble-technical-analysis-cold-spring-may-raise-demand-for-heating-gas","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/03\/natural-gasruble-technical-analysis-cold-spring-may-raise-demand-for-heating-gas\/","title":{"rendered":"Natural GAS\/Ruble: Technical Analysis &#8211; Cold spring may raise demand for heating gas"},"content":{"rendered":"<div id=\"inves-94819501\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">March 2, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\">IFCMarkets<\/a><\/p>\n<p><strong>Cold spring may raise demand for heating gas<\/strong><\/p>\n<p>In this report we consider studying the personal composite instrument (PCI) <a href=\"http:\/\/www.ifcmarkets.com\/en\/trading-conditions\/personal-instrument-pci\/natgas-rub\">\u201dgas to ruble\u201d<\/a>. It may rise in case the prices of US natural gas (Natgas) are to increase together with USDRUB rate.<\/p>\n<p>The price of natural gas slumped by a third in the US since last December. This happed on lower demand for gas for heating as weather was warmer in November-March than in previous winter season. Gas prices started to rise recently as this March weather shall be colder than a year ago. The demand for gas in US will surpass 88bn cubic feet a day this and the following weeks. This is 12.4% higher than the daily consumption of 78.3bn cubic feet last week. The stocks of US natural gas are just 7% above the last-year\u2019s level. Its average level of production in US for the recent 30 days is 70.3bn cubic feet a day. This is 5.4% below the level of the same period of 2016. Ruble may lose ground to the US dollar on currency interventions by Russia Ministry of Finance. Moreover, there are some chances that Central Bank of Russia might cut the rates on its next meeting on March 24, 2017.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"http:\/\/www.ifcmarkets.com\/uploads\/images\/01-03-2017.png\" alt=\"GAS\/RUB\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily chart <b>GAS\/RUB: D1<\/b> has hit a fresh 8-month low but then left the descending channel to move upwards. The uptrend may continue in case gas prices and USDRUB rate advance.<\/p>\n<ul class=\"emailSummary\">\n<li>The <b>Parabolic indicator<\/b> gives bullish signal.<\/li>\n<li>The <a href=\"http:\/\/www.ifcmarkets.com\/en\/bolinger-bands\">Bollinger bands<\/a> have widened a lot which means higher volatility.<\/li>\n<li>The <a href=\"http:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/rsi\">RSI<\/a> is below 50. No divergence.<\/li>\n<li>The <a href=\"http:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD<\/a> gives signals to rise.<\/li>\n<\/ul>\n<p>The bullish momentum may develop in case <b>GAS\/RUB<\/b> closes the upper prices gap and surpasses the Parabolic signal at 169. This level may serve the point of entry. The initial stop-loss may be placed below the Parabolic signal and the last fractal low and the 8-year low at 151. Having opened the pending order we shall move the stop to the next fractal low following the Parabolic and Bollinger signals. Thus, we are changing the probable profit\/loss ratio to the breakeven point. The most risk-averse traders may switch to the 4-hour chart after the trade and place there a stop-loss moving it in the direction of the trade. If the price meets the stop-loss level at 151 without reaching the order at 169, we recommend cancelling the position: the market sustains internal changes which were not taken into account.<\/p><div id=\"inves-675989424\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Summary of technical analysis<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">above 169<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">below 151<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\">IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Cold spring may raise demand for heating gas In this report we consider studying the personal composite instrument (PCI) \u201dgas to ruble\u201d. It may rise in case the prices of US natural gas (Natgas) are to increase together with USDRUB rate. The price of natural gas slumped by a third in the US [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-102779","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/102779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=102779"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/102779\/revisions"}],"predecessor-version":[{"id":102783,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/102779\/revisions\/102783"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=102779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=102779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=102779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}