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Hello, this is Itai Levitan at ForexLive.com. Today, I’m diving into Natural Gas Futures (NG), which are trading around 2.92 as of yesterday's close. This analysis will be relevant to those of you looking at CFDs, futures themselves, or stocks related to natural gas. Here’s a detailed view of my approach:

Natural Gas Futures Overview

Currently, we’re seeing Natural Gas Futures in a significant channel on the weekly time frame. There’s potential for a bullish breakout from a large bull flag formation, highlighted by the recent piercing through the upper edge of this channel. However, we’re still in uncertain territory—it’s possible the price may reverse back down, retesting the flag before making any decisive move.

Dip Buying Extreme Targeting

I’m looking closely at the potential for an extreme dip buying opportunity in natural gas. When I say “extreme dip buying,” I’m talking about setting up a longer-term, strategic plan that goes beyond typical levels. Instead of just waiting for an undefined "deep drop," I'm identifying specific price levels that could offer remarkable buying opportunities if the market hits them.

Long-Term Support Levels to Watch

Here’s what I'm focusing on for a deeper dip buy:

1. 1.612 (Low of 2016) – This level may present an attractive medium-term long position, suitable for swing trades.
2. 1.44 (Low of 2020) – Similar to 1.612, this level could offer a profitable swing opportunity, though not necessarily for a prolonged hold.

While these are appealing points for shorter-term trades, I recommend partial profit-taking here to mitigate risk if the price reverses sharply.

Generational Low Opportunity at 1.25

For the patient, long-term investors, my primary area of interest lies around 1.25—the historic low from 1995, nearly 30 years ago. This level represents a “generational low,” providing a triple layer of support:

• The lower bound of the channel.
• The major, longer-term channel trendline.
• The historic 1.25 support level from 1995.

If natural gas reaches this area, it could be a highly attractive long-term buy. I suggest setting several buy orders around 1.25 to capture a position here and holding for substantial potential upside. Patience will be key—having some trading capital reserved for this area could be a game-changing strategy.

The Ultimate Extreme at 1.04

If something drastic occurs and the price reaches 1.04, the all-time low from the 1990s, it would represent a multi-generational low. This level would likely attract significant buying interest from funds, institutions, and individual investors. Similar to the parity level we saw with EUR/USD, this psychological round number could spur major accumulation and serve as an unparalleled buying opportunity.

Summary and Final Thoughts on Natural Gas and Exteme Dip Buying

In summary:

• Stay Patient: This strategy involves waiting for rare, extreme dip-buying levels.
• Allocate Capital Strategically: Save some ammunition for these lower levels, where the upside potential is considerable.
• Monitor Support Levels Closely: Levels like 1.25 and 1.04 represent deeply discounted entry points that could yield long-term gains.

Follow ForexLive.com for additional insights for investors and traders, and let’s keep an eye on these setups. Extreme opportunities don’t come often, so be prepared and thank me later!

Australian-founded broker FP Markets further cemented its position as a market leader, winning ‘Most Trusted Broker - Global’, ‘Broker of the Year - Asia’, and ‘Fastest Growing Broker - LATAM’ at the inaugural Finance Magnates Annual Award (FMAA) Gala. The event was held on Wednesday, 23 October, at the Lemon Park Venue in Nicosia, Cyprus.

Powered by Amazon Web Services (AWS), the FMAAs ‘celebrate the highest levels of innovation and excellence across fintech, Forex, payments, and trading platforms’. The winners were determined through a dual process: online voting accessible to industry professionals and the global trading community, and a distinguished panel of judges. Notably, global multi-asset Forex and CFD broker FP Markets was the only company to take home three FMAAs on the night.

FP Markets’ Global Head of Marketing, Andria Phiniefs, commented: ‘Being nominated along with some of the industry’s biggest names is a tremendous honour in itself. Winning three awards through votes from the global trading community and industry stakeholders marks a significant accomplishment for our team. This recognition inspires us to continue to pursue our mission, which we embarked on nearly twenty years ago: to be the preferred and most trusted broker for traders worldwide’.

FP Markets continues to leverage opportunities beyond existing markets, while maintaining a consistent standard of product and service quality for its clients globally. As part of the broker’s twentieth anniversary next year, the investing community can also expect further trading technology advancements and updates.

About FP Markets:

● FP Markets is a Multi-Regulated Forex and CFD Broker with over 19 years of industry experience.

● The company offers highly competitive interbank Forex spreads starting from 0.0 pips.

● Traders can choose from leading powerful online trading platforms, including FP Markets’ Mobile App, MetaTrader 4, MetaTrader 5, WebTrader, cTrader, Iress and TradingView.

● The company's outstanding 24/7 multilingual customer service has been recognised by Investment Trends and awarded ‘The Highest Overall Client Satisfaction Award’ over five consecutive years.

● FP Markets was awarded ‘Best Value Broker - Global’ for six consecutive years (2019, 2020, 2021, 2022, 2023, 2024) at the Global Forex Awards.

● FP Markets was awarded the ‘Best Broker – Europe’ and the ‘Best Forex Partners Programme – Asia’ at the Global Forex Awards (2022, 2023, 2024).

● FP Markets was awarded ‘Best Trade Execution’, and ‘Most Trusted Broker’ and ‘Best Trade Execution’ at the Ultimate Fintech Awards in 2022 and 2023, respectively.

● FP Markets was crowned ‘Best CFD Broker - Africa’ at the 2023 FAME Awards.

● FP Markets was awarded ‘Best Trade Execution’ and ‘Most Transparent Broker’ at the Ultimate Fintech Awards APAC 2023.

● FP Markets was awarded the ‘Best Price Execution’ at the Brokersview Awards 2024, Singapore.

● FP Markets was awarded the ‘Best Trading Experience - Africa’ at the FAME Awards 2024.

● FP Markets was awarded ‘Most Transparent Broker’ and ‘Best Trading Conditions’ at the Global Ultimate Fintech Awards 2024.

● FP Markets was awarded ‘Best Forex Spreads APAC’ and ‘Best Trading Experience APAC’ at the 2024 Finance Magnates Pacific Summit.

● FP Markets regulatory presence includes the Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority (FSCA) of South Africa, the Financial Services Commission (FSC) of Mauritius, the Cyprus Securities and Exchange Commission (CySEC), the Securities Commission of the Bahamas (SCB), and the Capital Markets Authority (CMA) of Kenya.

For more information on FP Markets' comprehensive range of products and services, visit https://www.fpmarkets.com/

WASHINGTON, D.C. – In response to today's announcement by President Joe Biden that Jessica Rosenworcel will serve as acting chair of the Federal Communications Commission, the following statement can be attributed to NAB President and CEO Gordon Smith:

Washington, D.C. – The National Association of Broadcasters (NAB) is now accepting nominations for the 2021 NAB Marconi Radio Awards and will be accepting submissions until May 31. Established in 1989 and named for inventor and Nobel Prize winner Guglielmo Marconi, the prestigious awards recognize overall excellence and performance in radio.

WASHINGTON, DC -- Twenty-five members of the House of Representatives and six Senators have added their support to a resolution opposing "any new performance fee, tax, royalty, or other charge" on local broadcast radio stations. The Local Radio Freedom Act (LRFA), which signals members of Congress's opposition to any potential legislation that imposes new performance royalties on broadcast radio stations for music airplay, now has 112 cosponsors in the House and 14 in the Senate.

WASHINGTON, DC -- Twelve members of the House of Representatives and one Senator have added their support to a resolution opposing "any new performance fee, tax, royalty, or other charge" on local broadcast radio stations. The Local Radio Freedom Act (LRFA), which signals members of Congress's opposition to any potential legislation that imposes new performance royalties on broadcast radio stations for music airplay, now has 124 cosponsors in the House and 15 in the Senate.

Washington, D.C. -- As founding members of the Biden Administration’s COVID-19 Community Corps, the National Association of Broadcasters (NAB) is urging all local radio and television stations to participate in a National Month of Action beginning June 4 to provide COVID-19 vaccine education and help ensure all Americans understand the importance of getting vaccinated.

WASHINGTON, DC -- Fourteen members of the House of Representatives and three Senators have added their support to the Local Radio Freedom Act (LRFA) opposing "any new performance fee, tax, royalty, or other charge" on local broadcast radio stations bringing the number of cosponsors to 138 in the House and 18 in the Senate. The National Religious Broadcasters (NRB) expressed their support for the resolution, which signals members of Congress's opposition to any potential legislation that imposes new performance royalties on broadcast radio stations for music airplay, in a letter to congressional leaders on June 11.

WASHINGTON, D.C. -- Ten members of the House of Representatives and four Senators have added their support to a resolution opposing "any new performance fee, tax, royalty, or other charge" on local broadcast radio stations. The Local Radio Freedom Act (LRFA), which signals members of Congress's opposition to any potential legislation that imposes new performance royalties on broadcast radio stations for music airplay, now has 169 cosponsors in the House and 22 in the Senate.

WASHINGTON, D.C. -- In response to President Joe Biden nominating Jessica Rosenworcel as chairwoman of the Federal Communications Commission and Gigi Sohn as commissioner, the following statement can be attributed to NAB President and CEO Gordon Smith:

WASHINGTON, D.C. -- Eleven members of the House of Representatives and two Senators have added their support to a resolution opposing "any new performance fee, tax, royalty, or other charge" on local broadcast radio stations. The Local Radio Freedom Act (LRFA), which signals members of Congress's opposition to any potential legislation that imposes new performance royalties on broadcast radio stations for music airplay, now has 198 cosponsors in the House and 24 in the Senate.

Washington, D.C. – Leadership changes were announced today for two key working groups of the National Radio Systems Committee (NRSC), a technical standards-setting body co-sponsored by National Association of Broadcasters (NAB) and the Consumer Technology Association (CTA). 

WASHINGTON, D.C. -- In response to the nomination of Gigi Sohn as a commissioner on the Federal Communications Commission (FCC), the following statement can be attributed to National Association of Broadcasters (NAB) President and CEO Gordon Smith:

WASHINGTON, D.C. -- In response to the Senate confirmation of Federal Communications Commission (FCC) Chairwoman Jessica Rosenworcel to another term at the Commission, the following statement can be attributed to National Association of Broadcasters (NAB) President and CEO Gordon Smith:

WASHINGTON, D.C. – In response to the Senate Commerce Committee of the Low Power Protection Act, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

Washington, D.C. -- NAB Show, the premier event for media, entertainment and technology professionals, today announced the formation of a National Advisory Council for Web3. The Council will provide guidance and expertise on developing relevant education content around the implications of new technologies, content models and consumer behaviors driven by the next generation of the Internet. The 12-member group includes media and entertainment professionals, technology executives and platform providers from across the media landscape.

WASHINGTON, D.C. – The National Association of Broadcasters (NAB) announced today that the 2022 Marconi Radio Award nomination window is open through May 31. Established in 1989 and named for inventor and Nobel Prize winner Guglielmo Marconi, the Marconi Radio Awards recognize overall excellence and performance in radio.

Washington, D.C.– The National Association of Broadcasters (NAB) today announced the launch of a public service campaign to further support children displaced by the war in Ukraine. The campaign will run on World Refugee Day (June 20) and all proceeds will be donated to UNICEF USA to support UNICEF’s emergency response and humanitarian work in Ukraine and neighboring countries.

Washington, D.C. -- The Celebration of Service to America Awards will air nationally on over 700 local television and radio broadcast stations across the country beginning Saturday, July 9 through August 13, 2022. The one-hour television and radio special, presented by the National Association of Broadcasters Leadership Foundation (NABLF), celebrates and honors local broadcasters’ commitment to public service in the communities they serve.

WASHINGTON, D.C. -- In response to Sen. Ben Ray Luján’s (D-NM) introduction of the Secure and Fair Enforcement (SAFE) Advertising Act, which would clarify that local radio and television broadcasters may air cannabis advertisements in states where it is legal without the threat of administrative action from the FCC, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

Washington, D.C. – The National Association of Broadcasters (NAB) today announced the 2022 National Radio Award will be presented to research and consulting experts Fred and Paul Jacobs. The award will be presented at NAB Show New York during the Marconi Radio Awards on October 19. This marks the first time the award has been given to two people.

WASHINGTON, D.C. -- In response to the American Music Fairness Act (AMFA) companion bill introduced today in the Senate, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

WASHINGTON, D.C. -- In response to passage by the Senate Judiciary Committee of the Journalism Competition and Preservation Act, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

Washington, D.C.— Nominations are now being accepted for the 2023 National Association of Broadcasters (NAB) Technology Awards. The awards honor contributions in digital leadership, broadcast engineering and technology innovation, and will be presented during the 2023 NAB Show, held April 15 - 19 in Las Vegas.

Washington, D.C. -- NAB Vice President of Government Relations Charlyn Stanberry has been named one of the 2022 Top Lobbyists by the National Institute for Lobbying and Ethics (NILE). The award recognizes 100 honorees from associations, non-profits, firms and corporations that achieved professional success while demonstrating a commitment to giving back to their community.

Washington, D.C.— The National Association of Broadcasters (NAB), the premier advocacy association for America’s broadcasters, and NAB Show, the preeminent global trade show driving the evolution of media and entertainment, are celebrating their centennial year in 2023 with activities, events and a commemorative website.

WASHINGTON, D.C. -- Today at the NAB State Leadership Conference, President and CEO Curtis LeGeyt expressed concern with the implications of the FCC’s decision to refer the Standard General-Tegna merger to the agency’s administrative law judge. The following statement can be attributed to him:

WASHINGTON, D.C. -- A bipartisan coalition of 13 senators led by Sens. Maggie Hassan (D-NH) and John Barrasso (R-WY) introduced a resolution today opposing "any new performance fee, tax, royalty or other charge" on local broadcast radio stations. The Local Radio Freedom Act (LRFA) signals policymakers’ opposition to any potential legislation that would impose new performance fees on broadcast radio stations for music airplay.

WASHINGTON, D.C. -- Twelve members of the House of Representatives and one senator have added their support to a resolution opposing "any new performance fee, tax, royalty, or other charge" on local broadcast radio stations. The Local Radio Freedom Act (LRFA), which signals the opposition of members of Congress to any potential legislation that imposes new performance royalties on broadcast radio stations for music airplay, now has 167 cosponsors in the House and 21 in the Senate.

In response to the introduction of the Journalism Competition and Preservation Act (JCPA) in the Senate, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

WASHINGTON, D.C. -- A bipartisan group of 27 U.S. senators, led by Sens. Brian Schatz (D-HI) and Todd Young (R-IN), sent a letter today to Federal Communications Chairwoman Jessica Rosenworcel urging the Commission to take an active role in expediting the continued rollout of the Next Generation TV standard, also known as ATSC 3.0. With over 60% of Americans in range of a Next Gen TV signal, the senators note that, “a successful ATSC 3.0 transition should be a priority of the FCC going forward to ensure that local broadcasters can continue to best serve their communities as a trusted source of local news.”

The National Association of Broadcasters (NAB) announced today that the 2023 Marconi Radio Award nomination window is now open through May 31. Established in 1989 and named for inventor and Nobel Prize winner Guglielmo Marconi, the Marconi Radio Awards recognize overall excellence and performance in radio.

WASHINGTON, D.C. – In response to the nomination of Anna Gomez to serve on the Federal Communications Commission, and the renominations of Commissioners Geoffrey Starks and Brendan Carr, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

WASHINGTON, D.C. – In response to passage by the Senate Judiciary Committee of the Journalism Competition and Preservation Act, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

WASHINGTON, D.C. – In response to the Senate Commerce Committee's passage today of the AM Radio for Every Vehicle Act, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

Washington, D.C. – In response to Meta blocking news on Facebook and Instagram for Canadian users after the passage of Canada’s Online News Act, the following joint statement can be attributed to NAB President and CEO Curtis LeGeyt and CAB President Kevin Desjardins:

WASHINGTON, D.C. -- ShootingStar Broadcasting President and CEO Diane Sutter will receive the 2023 National Radio Award from the National Association of Broadcasters (NAB). The award will be presented at NAB Show New York during the 2023 Marconi Radio Awards Dinner on October 25.

WASHINGTON, D.C. – In response to the Senate confirmation of Anna Gomez to the Federal Communications Commission, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

WASHINGTON, D.C. – Twenty senators have sent a letter to the Federal Communications Commission (FCC) urging the Commission to refresh its nearly decade-old proceeding examining the digital television streaming marketplace. The letter asks the FCC to solicit new public comments about virtual multichannel video programming distributors (vMVPD) and whether federal action is needed to ensure consumer access to local broadcast programming on online platforms.

Washington, D.C. -- Nominations are now being accepted for the 2024 National Association of Broadcasters (NAB) Technology Awards. The awards honor contributions in digital leadership, broadcast engineering and technology innovation, and will be presented during the 2024 NAB Show, held April 13-17 in Las Vegas.

WASHINGTON, DC -- A one-hour television and radio special of the 2023 Celebration of Service to America Awards will air nationally on over 700 local television and radio broadcast stations across the country beginning today, November 27 through December 24, 2023.

WASHINGTON, D.C. – In response to the effort by Sens.Ted Cruz (R-TX), Edward Markey (D-MA) and Ben Ray Luján (D-NM) to pass the AM Radio for Every Vehicle Act in the Senate by unanimous consent, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

WASHINGTON, D.C. – The local commercial broadcast television and radio industry generates $1.23 trillion of Gross Domestic Product (GDP) and 2.52 million jobs through direct and stimulative effect on the American economy, found a new study by Woods & Poole Economics with support from BIA Advisory Services.

Washington, D.C.— With 160 countries represented, NAB Show April 13 - 17 at the Las Vegas Convention Center, is solidly the global destination for all things broadcast, media and entertainment. Dignitaries and delegations from six continents will convene to discover cutting-edge technologies, forge strategic partnerships and shape the future of content creation.