Natural-gas
Waiting for trend change in Natural Gas pricesThe natural gas has experienced serious price rise due to the various reasons, among which are cold weather, strong demand from China, and limited supply from domestic producers. But among them two most important factors are - new US policy towards weak $USD and backwardation on the natural gas market. In my opinion, all these factors will keep pushing the price up, at least till the end of February.
As a result, DGAZ is in downtrend, which is confirmed by 20 EMA and MACD. If you are a bull by your nature like me, it would be a wise decision not to trade this equity for at least one month.
Natural Gas LongBuy NGX2017 (november)
- pivot
- level 3.0
- ema 21
- seasonal up trend in september-october
Min target 3.250
Long on the long runNGAS didn't have a great summer, but the fundamental supports the continuation of the upside momentum.
I expect the chart will "breath" a little bit before the rally will continue, so today (15/8) we might see some profit taking but tomorrow the rally will continue.
UGAZ About To Explode To The Upside
Fibonacci spirals on TradingView are not static unfortunately which is why I don't publish more often. Have to post an image to ensure proper spiral placement.
Natural Gas Preparing For A Major Move UpPlease review notes on chart. Don't sell yourself short by containing yourself in a linear format. Price action follows a curve.
NGAS : Short this to 2.4, Where thy winter ?WXY pullback
Can be expected to touch the top. Start shorting from the red region.
I dont care about winter/weather or this or that.
I trade wave counts and patterns.
if you have fundamental issues pls dont take this trade,
and rest of you who do short, enjoy the ride with me.
I will be posting update on lower tf.
Enjoy Trading !
Natural Gas Short: Only for 1 dayI will be sorting Natural Gas for only 1 day (12/14/2016) I don't think Natural Gas has a clear direction right now, but I do think it is still in limbo, just at a lower level than expected. Thus I do forecast a drop back from the 10DMA levels of 2.737 to erase today's (11/14/2016) gains, but no movement lower, at least not this week.
pennies to thousands long term natural gas big dividendhad big earnings surprise last quarter over 200 prercent increase could do it again long term damage over stabilizing
pays a dividen of 3 cents a quarter
technicals neutral use stop loss see our book on amazon about setting
GASL Bullish BreakoutShares of 3x Bull Natural Gas Related Equities ETF is trading just above a symmetrical triangle on above average volume following 3-months of sideways consolidation at the lows.
Natural Gas Ascending TriangleNatural Gas Ascending Triangle. Buy at triangle trend line or wait for breakout.
NGAS(Natural Gas) LONG BiasWait for the 4 HR candle to close above 0.236 fib level to execute long trade.
Confirmations : Retest of Daily Trendline, ABCD Formation, Monthly Hammer Formation
Complete Bullish Setup, Risk Reward trade (1:4)
Happy Trading :D
Natural Gas SetupSeems like NGAS bounced hard forming a bullish channel with a "stairs" pattern.
It's currently on the channel resistance so it sould go down by now.
We can also see a gap that should be filled at 2.260.
I recommend to sell on breakout or just buy the deep with a target to 2.260 gap.
Regards and happy trading!
Natural Gas monthly - Aug 18Axis line became support. 2.55 - is a very strong support-since records began. It truly looks like the bottom.
Let the red line break 2.976 and then let it be tested to see if it became the support or not n then go long.
It could really be a long of lifetime. However, if we break 2.55 then it's just a lost cause n short with both hands.
Make sure a clean break is done though.
Stop loss could be around 2.50- I don't suggest stop loss cause everyone has different loss taking capacity but in this
case it will be a lost cause to might as well get out.
MACRO VIEW: NATURAL GAS RANGEBOUND TRADINGNatural gas is trading sideways within 1st standard deviation on quarterly basis (in relation to 66-day mean) since May 2015.
This creates good trading opportunities for those who know how to deal with the lateral chop in the markets.
Within compressing volatility (measure by 3.2 st deviations from the same mean), traders can pick longs and shorts toward the mean, when price approaches the 1st standard deviation from within.
Stops should be placed a bit beyond relevant highs and lows, tagging of which will hint that a leg of trend is actually in the cards.
Natural gas or oil provides more return in this recovery?One of the great feature I like with TradingView is the ability to compare different ticker via arithmetic addition/division/subtraction.
From here, I'm comparing between UNG and USO. Since both are directly related to energy, tough choice huh?
Charting it out helps a lot and we can see a clear breakout trend between the ratios!
Clearly Natural Gas (UNG) might possibility provide the best return for your money on energy as compared to Oil (USO) over the long run.
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** Note: USO have been severely under performing since 2008 after the recovery of oil price due to the price difference between each month's oil futures contract. It will not be a clear reflection of the actual market.
This is only if you're considering between USO or UNG. Try it out by charting other ETF/ETNs/stocks by yourself!
Natural Gas Levels to trade offThese are the fair value and top/bottom edges to trade off on the daily chart. There is a clear rejection off the lows and it looks like price could move higher into liquidity above 5 as winter approaches.
Natural Gas ready for seasonal run upUGAZ spiked up on fundamental news last week, but dropped aggressively on Friday to test for supply before breaking out higher. The large players are not willing to mark up prices until they are sure that all the selling has dried up and they did this by gaping prices down to force the bears to show there hand. The volume was so low which means the bears are not interested in selling and the institutions have bought as much as they could on Friday. Now that the big boys know that there's no more sellers, they will be confident in marking up prices to the next level to fill the gap or higher at 22. Then price may fall back down to test the breakout level or keep going if price fails to drop. My final target is at 27 which is the fair value price on the monthly charts. As long as traders are willing to pay above fair value then price will rise to $22.
Stop loss is at 14.50, first target at 21, then the rest at 22 for next week. Once price breaks out above 18.72, there's no major resistance until 22.
Price is also back to the level of before the bullish fundmental news and the fundamentals have not changed so we are buying at a bargain. Worse upside target is price going back up to 18.72 the day of the news release.
