Falling Wedge On $UNG
Selling pressure may be coming to an end on natgas
Some 10 year NATGAS seasonality charts suggest a bottom by
Mid-April and a top by Mid-June
Similar UNG seasonality charts indicate the same thing
Looking at the June 21st $13 - $14 - $15 & $16 calls
Get some!
Some 10 year NATGAS seasonality charts suggest a bottom by
Mid-April and a top by Mid-June
Similar UNG seasonality charts indicate the same thing
Looking at the June 21st $13 - $14 - $15 & $16 calls
Get some!
Note
Still looking - I may wait a week on this trade.Let's see if UNG reaches $13.80 - $13.90
Maybe go in next week. Peace
Trade active
Got the june 21 $14 $15 and $16 calls. Buy alert should show up.It's broken out of this wedge yo.
Peace
Note
Next week, I may actually add more on any weakness...I think this is gonna go boom.
Open gaps @ $19 & $21.9
Have a great weekend!
Trade active
I sold my June 21 $17 calls for a 125% gainI still have $14 - $15 - $16 calls which are
doing nicely. I feel like there is more room
to run - nat gas to $2.4 to 2.6 levels and
ill start trimming.
Trade closed manually
closed positions - nice trade on this breakoutcould have more room to go - but cpi and ppi
coming up scares me a bit.
the upper channel on this is $19 to $20. But I
just had to book profits. may entertain a short
position if it reaches that high.
good luck everyone
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.