Road Map For Natural Gas?I did the best I could with the count. Please share your take on natural gas if you could. Thanks for the view.
BOIL
Natural Gas about to bounce?Nat Gas/ UNG is into massive support and completely oversold on the daily & weekly time frames.
Everyone wanted nat gas at +$9 but no one wants it below $3.
Funny how markets work.
We are long Nat Gas in anticipation of a 25-50% bounce over the next 2-6 weeks.
BOILMight be bottomed here, mothly stoch rsi shows weakness. Would say DCA down to $5 to catch this monster move.
$Natgas $UNG $BOIL $KOLD Analysis, Key levels, and Targets $Natgas $UNG $BOIL $KOLD Analysis, Key levels, and Targets
Holy Moly…. I’ve been out of natgas for a minute… but at this level I’m going to start accumulating…. Let’s see how we open but I will likely be buying April 21 8 or 9 calls in the morning….
Supported by 5 year volume…
BOIL long from 12 multi targetsI bought BOIL at 12 and will sell 45% at 15, 40% at 18, the remaining 15% at 24. Natural gas charts are clearly screaming for a bounce and fundamentals are still strong as a big natural gas chunks are burned everyday by Russia and therefore taken out of the market, Russia is building infrastructure to deliver the gas to China but that will take years to build. Note: This is not financial advice, consult your financial advisor.
NG rally imminent creating BOIL rally - call strategyI expect NG to rally off the lower trend line of the pennant and go to at least the $8.47 liquidity zone. This is not purely a technical play as it is the season to expect increases in gas consumption/demand. Technically all the signs of a rally are present. The Weis waves for supply are decreasing and demand is increasing. The accumulation/distribution line has turned up. There is an increase in volume associated with the buys sufficient to build momentum to cross the creek/ break through the upper trend line. My target for NG is based on the liquidity left there from the last swings.
My first target for Natural Gas is $7.50. Second is $7.72. The trade will be invalidated south of the lower pennant trend line so a 'stop' placed there.
I am playing this long with October call options in BOIL While I am purchasing BOIL and not NG, my stop will be triggered by NG quote trigger - crossing 5 cents under the low of 9/26 at $6.72. It is possible there will be a shakeout/spring/liquidity grab before the real move so cannot set stop too tight.
This is what I see in NG1!:
And this is my chart for BOIL:
My play is options. Aiming for a home run on this. It is possible that both NG and BOIL will bounce off the targets the first time, so if you copy the naked option play the perfect play sells the calls on the pullback and buys back lower. But be careful being greedy! :)
$BOIL Nat Gas play scaling inBOIL is a very volatile ticker that follows NG Natural Gas Futures
Scaling into CSPs ( cash secured puts) OCT 45P trading at $4.90 here .
Used some of this premium to buy OCT $80 calls at 3.65
A bit of knife catching and mean reversion speculating here
If we get one more flush, will do final scale in .
I'm comfortable to roll or even be assigned shares as there are juicy premiums !
Higher risk trade idea, playing with profits !
XNGUSD ready to reverse recent downtrend LONGGLOBALPRIME:XNGUSD
XNGUSD a few weeks back downtrended afer breaking the neckline of a head and shoulders pattern down to
the support of a double bottom formed in early August. Volume profiles are added to the 30 minute chart.
I see an uptrend retracement of the recent downtrend and accordingly the following:
Stop Loss at 7.64 just below the recent swing low
Target 1 8.59 the bottom of the high volume areas and near the Fib 0.382
Target 2 8.84 just under the Fib 0.50
Target 3 9.15 just under the POCs of the volume profiles and the neckline of the head and shoulders pattern.
Fundamentals: decreasing DXY will cause a relative rise in commodities; winter is coming storage of compressed NG
is underway and increasing demand.
All is all, this forex pair is ready for a long trade.
BOIL beginning a round bottom reversal LONGAMEX:BOIL
BOIL a triple leveraged ETF based on natural gas as a commodity and its futures
on the 15-minute chart has begun a round bottom reversal into an uptrend. The AO / Candle indicator
confirms this as does the curve of the accumulation /distribution indicator. Fundamentally, natural gas price
is rising especially with the DXY dollar value in a mild correction. Winter heating season is upcoming and the energy
crisis in Europe accelerating with Russia shutting down ( for now only ?) its remaining active pipeline.
Right now long BOIL looks to be an excellent setup.
going back to 9.50this thing is projecting from one band to another, no is going back to 9.50, mark my words! $BOIL
BOIL Leverage 3X Natural Gas ETF Cup and Handle LONG AMEX:BOIL
BOIL is showing a cup and handle pattern at present
lending increased probability of a bullish continuation
that could yield a 50% price rise over the 45-day width of
the cup. Macro and fundamental factors support ongoing
natural gas price escalations including the supply issues
in Europe, the heat wave from climate change causing
and so on. The cup and handle on a relatively long time
frame increases both its reliability and the time period
for which the pattern to play out.
BOIL: Rally into Year-EndFirst time creating my own chart.
Boil looks to be forming a cup & handle pattern if you ask me. I expect the down trend to continue for week or 2, but rally into the fall and summer looks like a good risk/reward set-up.
Hope to get some good feedback!
Let me know what you think!
BOIL / GUSH RATIO- Leverage 3X Natural Gas ETFsAMEX:BOIL
BOIL is the #X leveraged ETF for Natural Gas while KOLD is it inverse.
On this 30M chart I setup the ration between BOIL and KOLD.
This is to find precise swing entries without a lot of work for those only trading part time like myself.
At the highs, BOIL has peaked relative to KOLDAccordingly, this is the time to exit BOIL and enter a position
on KOLD. Conversely, when the ratio is at an inflection bottom, a trader should exit KOLD
and enter a BOIL position.
This chart shows several patterns including:
a double or triple top which may breakdown as there is a newer cup and handle potentially breaking
out above the handle in continuation of the prior uptrend. It the present chart, the Bollinger Band basis line
the uptrending of its boundaries and the MACD all favor the probability of an uptrend., the spot markeri
All in all, I am waiting to buy BOIL since natural gas is being liquified and shipped to Europe to
make electric power to supply to air conditioner for the long hot summer. XNGUSD has had dramatic
action in the past couple of months, all good for BOIL's price action.
Three evening stars or three-bar plays marked with red down arrows.
If not in a position at present, the chart should be observed for the cup and handle pattern completion
towards a resumption of the uptrend. IF so, a BOIL position could be entered.
If it fails the triple top controls the price action and
a KOLD position could be entered.
This chart demonstrates the importance of looking for patterns to help guide
higher probability setup.
$BOIL Bounce trade hereBOIL natural gas play has one trader opening 1500 87 calls and technically price is resting on 21DEMA and trendline support after a nice retracement from monster 39 - 106 rally .
Expensive options I like call debit spreads to cap risk.
First PT - 88
NGAS - Gas is rising Gas is looking very good
Pros:
Technically strong
High volume
Winter demand for Europe
Cons:
Wheat like deal with Russia can result in price drop
Risk management:
Use stop loss and manage your risk
ETF:
NGAS
BOIL (3x exposure with high risk)
$NATGAS $KOLD $BOIL Analysis, Key levels & Targets$NATGAS $KOLD $BOIL Analysis, Key levels & Targets
No game plan yet… but I’m looking…
Long Natural GasNatural Gas futures have retraced the 2022 bull trend to a 50% Retracement Level at 6.60. Price needs to hold this level or else it risks giving up the 2022 trend.
This trade was prompted by a 30 minute timeframe Spike Alert this morning that pegged the broader trend level and sets up a low risk test. Stop alert below the morning low and an initial target a Retrace of the move down.
Some D****** members chose AMEX:BOIL to express the trade (more volatility for more gains) and I chose AMEX:UNG as the vehicle.
Short Opportunity in NG1!Little updates on Natural Gas...
Forming Rising Wedge - Bearish Pattern
RSI Divergence - Bearish
PPO Divergence - Bearish
Waiting for the break of the Trendline!
UNG Short SetupUNG is forming Rising Wedge
Long term we can see its forming a perfect Bearish Head and Shoulder pattern
Short term target is at $23
Mid Term target is $21
Long Term target is at $12
XLE XES Bearish Pattern in Play (Bearish)Clearly there is a Bearish Divergence on XLE and XES on RSI and PPO
On Weekly time frame as well, there is negative divergence
Risk to Reward clearly favors Short Opportunity
NG1! Head and Shoulder Bearish PatternA little updates on Natural Gas for those who are following NG1! and UNG closely
Now we are seeing tons of Bearish pressure on Nat Gas on Weekly, Daily and Hourly TF.
Chart shows a possible Bearish Head and Shoulder pattern for NG1!
Also we are seeing tons of Bearish Divergence on RSI and PPO
Bearish if no one buys at 8 I personally believe it will fall next week to $6.9.
Even with 2.5% or 5% equity risk with 2 or 3 leverage, this is a good trade to be on the short side.
What do you think?
NG1! UNG Short Setup - Rising WedgeI think we should see Natural Gas Tank from here
In US NatGas supply has been declining exponentially
Also technically NatGas is forming rising wedge which is the Bearish Setup
