UGAZ - Who wants to be a billionaireWhen you make enough loss in an 1x ETF time to switch to the 3 x leverage little sister at the bottom.
Time to take the advantage of the collapsing dollar in something what is printing the bottom in these moments.
Natural Gas -after shorted to death- is printing a 4,9% rally today.
UGAZ had a capitulation volume last Thursday.
This is the place where I want to be heavily invested.
NATURAL GAS
Natural Gas Long term approachHello ladies and gentlemen. This will be my first idea, hopefully a successful one so i decided on not quite the most exciting thing such as Nat gas. Currently very oversold and much of it burning and being wasted at the wells according to many news sources.
Please note the Divergence on the indicators; how the the current lower price of $2.28 does not correlate with the Stochastic indicator Not registering the new low. This is a weekly chart so i think we may see $4 to $7 dollars in a few month.
NATGAS falling wedge broken - Time to go longTitle is simple. Can go long. Have already been long for a while.
We have broken out of the downtrend.
Targets are black lines above. First target has already been hit.
If you want to play it safe, wait for a close above the black line before entering.
NATGASUSD IN REVERSE ACTION It could be a Bat pattern after long period of price slips, some profit here is looking good but in overall the main direction is bearish till now.
NATGAS XNGUSD SELL LIMIT ORDER expecting some manipulations so if the price doesnt hit until tuesday i will cancel the sell limit but generally a good supply zone you may wanna keep it
NATGASUSD, Buy on H4.H4:
- Minor uptrend fomirng (pullback)
- Tendency: Upward
- Above support H4
-> Waiting signal=> BUY
NATGASUSD, Buy on H4.H4:
- Minor uptrend fomirng (pullback)
- Tendency: Upward
- Above support H4
-> Waiting signal=> BUY
NATGASUSD, Buy on H4CFDs on Natural Gas OANDA:NATGASUSD
=>Minor uptrend fomirng pullback
=>Tendency goes to Upward
=>Above support on H4
=> Waiting signal
=> BUY
NATGASUSD 15-MINUTE TIMEFRAME SHORTNatural gas price seems to be moving in an uptrend. However, there appears to be a wedge-like formation in play, suggesting a possible small correction. If prices do reject the ceiling of this shape and go lower, i would consider going short. Due to the high risk nature of this type of trade, i would only consider opening a small position.
Natural Gas - SupernaturalI'm coming back to you in this idea with an old friend : Natty, alias The Widowmaker.
If you are a day trader just skip this idea because I definetely not going to trade in out everyday.
If you don't want to roll over the contracts just skip because I might be sitting in the position until November. Maybe more..
I’m trying to catch Natty's multi year cycle low . (3 year cycle low /3YCL/)
This is one of the toughest commodity. But you know : big risk big reward. I’m waiting for 5$ in Natgas price in the following months. So this is a 100% possible gain without leverage. In the 3x leveraged fund (UGAZ) 6x gains are not off of the table.
NatGas printed a key reversal yesterday. I wanted to wait for today's close , but with the 2,5% gains the chance is slim that we give back the gains.
So I launch the long idea here. In the next NatGas idea I will post a monthly owerview where you will understand why is this long so interesting.
In the past the key reversals signaled the bottoms:
For a few times in the following days we had a pull back but the original low was not taken out. So next week we might have a pullback near to the lows but as there is no guarantee for it I suggest at least a starter position and you can still add if we test back 2.44.
Indicator wise we have a divergence in the MACD and TSI : that is supporting the idea. It seems NatGas printed a daily cyle low yesterday and I think we are looking forward to see a good rally in the following weeks/months.
Natural Gas - Bearish Market and Possible ReversalThe market keeps the bearish trend. The strong support at 2.60 could not hold the falling market and this level was broken. DMI is bearish and confirms trend market conditions. ADX moves upward, and it tells us above the strength of sellers. MACD lines support the downward movement too.
If we look at RSI, we'll see a possible reversal. The market can be oversold as the line of RSI reached the oversold zone. MACD histogram starts an upward movement. These signals allow us to think about a correction movement in the structure of the bearish trend. Also, the price is not far from the next support at 2.40 and reversing from this zone with further upward movement, it will be a logical market movement.
How far will the price be able to move upward? As we have the bearish trend and there are no trend reversal signals, we should expect that the correction movement will be with targets at higher resistance levels and SMAs with 50 and 100 periods. The price action at the resistance zone formed by SMA100 and 3.00 resistance level will be important for the further market movements as the market will be able to confirm the trend reversal.
How to trade:
- long positions with close profit targets at 2.60 resistance level, SMA50, and SMA100, stop orders below 2.40 support level
- short positions from SMA50 and SMA100 with profit targets at support levels and stop orders above the local swing highs.
NATGAS - Possible pullback for short termGood evening traders,
Quick one at NATGASUSD
First as we can see overall the price is too damn low, we have for example the "Apache corporation" on the US to reduce their production, of course a big reason for that is the low number of pipelines that are not the be done before end of 2019.
Ok to the charts,
Weekly (left) we see natgas coming closer to a historic support level on 2.42 and RSI is almost oversold.
H4 (right) we see price moving sideways after a strong sell off and now we have bullish RSI divergence.
Therefore we might expect natgas to do at least a pullback on the short term.
First resistance level is at 2.70 where price showed a lot of indecision before and soon we will have H4 200 SMA there.
For long term if we have good fundamentals for this commoditie 3.10 will be a very interesting target level.
Good trades.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
