Natural Gas: Short opportunity near the monthly Resistance.Natural Gas is extending a strong 1D bullish leg (MACD = 0.113, Highs/Lows = 0.2976) which has entered into the overbought territory (RSI = 75.562). Being near the 1M (monthly) Resistance, the right conditions for a medium term short trade emerge. Even the 1D RSI is close to a Double Top and may follow the previous sequence of March - May 2019. Notice how the uptrend's lows are symmetrical with the downtrend's lows. Under these conditions our Target Zone is set at 2.500 - 2.450.
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Natural
Natural Gas - Go LongIf we compare past economic trends from our past in terms of our natural gas price, there are obviously many factors that contribute to the price of Natural Gas as well as the timings of the swings. Most often, natural gas will see price increases more often in the winter if we see unexpected changes in winter weather making it a seasonal bet.
In this chart I have compared the federal funds rate, the SPX 500, and the price of natural gas. These factors, from historical perspective, attribute to substantial correlation especially when we are near a market top. The more instability has shown to greatly change the price of natural gas and we can see shortly after markets reach substantial highs, natural gas has dropped to substantially low prices, then, shortly after, they correct in a substantial move. Politics play a huge factors in the price as well with political candidates speaking about banning fracking, most likely, this will be a positive for the natural gas price. Given a ban to fracking, basic economics states that when supply decreases, while demand remains constant, we will see price increases to the area of supply deficiency. Global warming can be looked at as a negative for natural gas prices as well, but the world is not heating fast enough to reduce demand for natural gas. In fact, we are seeing a rise in natural gas power plants as an alternative energy source given its low price compared to other fuel sources. Any increased demand will need to be met by an increased supply, but if natural gas prices do no rise we may see energy companies enter bankruptcy. It is my expectation that natural gas will slowly become an increasingly monopolized industry, this will be due to the factors I have listed above, but mostly because smaller companies will lose profitability potential and be forced to sell their assets to larger companies that are more sustainable.
a monopolized industry will raise natural gas prices overall, but we will maintain smaller price swings heading into the future. The reason for this is because we will see a huge possibility that the United States will nationalize the natural gas industry similar to the way we treat utility companies who provide us energy.
In the short term, going long natural gas should reap great reward as our economic expansion wanes especially as we are entering another winter.
Please post a comment below if you would like to discuss this idea further. I do understand there are many other driving factors to the price of natural gas.
Cheers,
AC
I’m almost ALL-IN enCore Energy Corp !Around €10.000.000 marketcap, 138 million total outstanding shares, an all-star team (probably the best for a smaller company) and 200-400 million lbs of uranium below their feet, while sold the biggest US based uranium resource in history for about €1.250.000.000 (more than 120x enCore’s current value). I’m truely obsessed by this company and having a big stake, farout my biggest holding. Will see a 20-100x or more within 3-5 years, very very little risk
Top and Bottom Analysis on Natural Gas by ThinkingAntsOkUse this as a guide to develop your own setup
Main items we can see on the 4hs chart:
a)The price is against a Weekly resistance zone
b)We saw a clear rejection of that level
c)On MACD we can see a bearish Divergence showing the weakness of the current bullish movement
d)The current ascending trendline was broken
e)We will wait for an ABC pattern o something similar, the objective is to have a consolidation on the shown area
f)If that structure is made we will consider it as a clear Zone to short NATGAS towards the Main trendline of the bullish movement
Check the Higher timeframe analysis to make more sense of the 4hs chart
WEEKLY CHART:
DAILY CHART:
Long Trade Idea on Natural Gas + Weekly view by ThinkingAntsOkUse this as a guide to develop your own setup
Main items we see on the 4hs chart:
a)Price is inside a descending channel
b)On MACD we can see a bullish divergence in the inner waves of the descending channel
c)On a closer look, we can see that the price broke out from the descending trendline and now is leaving a Pin bar on the zone
d)We will wait for a retest of the broken descending trendline and an ABC structure (like flag patterns) before taking long setups
e)Currently, this is just a trade idea we need to wait for more confirmations before opening positions.
Weekly vision:
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%)
Natural Gas: Higher sell opportunity on the medium term.NG is trading within a steady Channel Down on 1W since February (RSI = 36.221, MACD = -0.203, Highs/Lows = -0.1685) with the price currently consolidating after making a Lower Low near 2.160. Based on the 1D RSI pattern, Natural Gas should now seek a higher level near 53.00 for rejection which inside the Channel Down will be in the form of a Lower High.
The expected horizon is around 65 days since the last Lower High. If it tests and gets rejected again on the MA50, then we will have an even stronger bearish reversal confirmation. The next Lower Low is projected in roughly 55 days after the last one. Under these circumstances we are going short with TP = 2.000.
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"Top and Bottom Analysis" NATGAS by ThinkingAntsOk4H CHART EXPLANATION:
Main Items we Observe on the Chart:
-Price is inside an ascending channel
-Currently, the price is against a Major Support zone
and facing the lower trendline of the ascending channel
-We draw a descending trendline, we expect that to be broken before taking any long setup.
Based on this if price closes above 2.597 we expect a continuation of the bullish movement towards the upper trendline of the ascending channel at 2.723
MULTI TIMEFRAME VISION:
- Weekly:
-Daily:
UGAZ - 8% LONG? - ADX PLAYING TRENDING BELLS!Hello hello hello...
Today we're back with UGAZ analysis.
This time we analysed UGAZ's past data and we found some interesting levels which are pretty close to the price we are at the moment.
27$ mark is one of the lowest supports UGAZ has had in the past and it might be the new support after breakout.
28.7$ has been the resistance in the past.
A little higher, 33.3$~, has been a resistance level too.
These 3 price levels are the ones you should keep an eye on. We'll see if we can find any channeling between old resistance and support (28.7$, 27$). If there is channeling between those two prices I would trade them myself.
Adx is showing a bit of reversal movement which means the trend would change from bearish to bullish.
Hope he hit some good numbers.
Also: www.instagram.com for technical analysis content and daytrading ! ;)
Kthnxbye,
-JJ-
URA: Incredible Weekly Set UpGood morning. With the cryptocurrency and weed markets still in consolidation, I've been sitting on cash waiting for a good long term set up. Uranium is probably the most hated market of all right now. It's seen nothing but downside for the past 11 years, but is beginning to show hope with this setup.
While AMEX:URA isn't a perfect tracker of the Uranium futures market, it is one of the better ways to capitalize on the commodity as Uranium sets up bullish on the weekly chart as well.
Oversold RSI
What I've noticed is that a low was established in 2016 along with an oversold condition in the RSI and has been respected when recently tested on a false break out to the downside. This creates a good case for a long term bottom in the market and potential for the start of a Uranium bull market.
Descending Triangle
Price has been squeezing down since Feb of 2017. That's 2 years of coiling price waiting for a breakout. What we saw in December was a bearish breakout to the downside rejected when faced with it's all time low. This is a good sign.
Price has now reversed and broken to the upside of the triangle pattern. This is also a good sign.
Increased Volume
Along with a bottoming formation, an Oversold RSI, and a Descending Triangle Breakout, volume has increased dramatically for AMEX:URA . This is a sign that there may be some interest entering the Uranium market after a long 11 years.
Challenges
While these are bullish signs for AMEX:URA , there are still some risks that Uranium could linger at the bottom for a number of years:
Lack of Interest in Uranium
100 and 200 Weekly MA Resistance
It is possible this breakout is shut down by the 100 and 200 MA, and we linger at the bottom for a number of years. Even so, this is a great time for me to accumulate for the longer term.
Thanks for stopping by!
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Nothing in this post shall be taken as person financial advice. This is personal opinion and educational content only.