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DGAZ

Natural Gas Down Trend - Scalp with DGAZNatural gas is setting up a a short term trend down before draw down season begins. I am currently owning shares of DGAZ at the price point of $107 and I will be waiting for $120-$130 before Thursday to sell out of my position. Currently, Dgaz is sitting at ~$112. Natural gas is trending down until draw down season fully comes into effect. I expect the price of NG to increase during the overnight/ morning futures before this Thursday when the bullish report comes out. After the report, NG should go up 2-8%, then continue the downtrend shortly after depending on how bullish the report is given the recent cold weather. Natural gas is waiting for draw down season / a new cold front before it will decide to move up with another big move. Keep your eyes on UGAZ if natural gas gets down below the $2.50 per bpu range before large storage deficits start to take place.
NYMEX:NG1!
by RayleWoodInvestments
A Natural Gas IdeaI still don't think that NG bottoms until the end of December. Just basing it off the cycles analysis idea I have going...but NG is tricky. This is what I think may be going on right now on a short term cycle. If this count is correct, then the wave 1 is longer than the wave 3 which of course would mean that wave 5 must be smaller than 3. Soooo, I extended the fib measurement of wave 3 down (assuming we ended this little up move, and what do you know, it fits. Lets see. I do not have a position yet but if NG drops to that blue box then a nice short term long position will suffice.
NYMEX:NG1!Short
by SalN
NATGASUSD - Natural Gas Nearing Top of Long Term Channel Getting ready to buy inverse natural gas, $DGAZ. Natural gas is nearing the long term channel which it hasn't broken several times. Natural gas has touched the top of this channel every - 6.90 - 7.00% as you can see in the D1 graph. First touch - -6.99%, 994 bars (62 d 15 h) Second touch -6.90%, 860 bars (54 d 00 h) Wait for strong breakout confirmation of the channel, I would wait for a strong confirmation to avoid a false breakout, then buy when it rebounds off the previous channel resistance (possibly breaking 2.34 - 2.35 area or greater). (More likely scenario) Wait for strong rebound and go long term inverse gas / short.
OANDA:NATGASUSD
by gbleier
DGAZ (Descending Pattern) (POTENTIAL SWING TRADE)DGAZ shows a descending pattern after topping out at expected resistance. Currently making way to support and will touch and reverse after consolidating somewhere around $145 and will be potential swing trade opportunity. Red Tunnel is rough operating margin( Red Lines ). Blue and Green lines represent the long term support and resistance. Projected reversal date is August, 30th and optimal buying price range will be somewhere between $143 to $147 ( Green Box ). Will consolidate for a short time before beginning an ascending trend. This is in no way professional advice and only reflects my personal opinions. Feel free to comment
DLong
by Grunert71
Short $DGAZHello. I haven't posted since forever, had a lack of motivation but guess whos back! DGAZ is continuing with the same pattern than it was having on last decline push. 3 tops and immediately huge decline. Currently we're on 2 tops but the third time could be different. This could be last short potential for DGAZ for a little while as we don't really know which direction it will go after third top hit. Very good opportunity once again. IMPORTANT: RISK & Reward ratio : 1:3 (6% - 18%)
DShort
by UnknownUnicorn3848732