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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.
NYMEX:NG1!Long
by viktor89
2
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.
NYMEX:NG1!
by Killy_Mel
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. ------------------------------------------ ** 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!
BATS:UNGLong
by LastBattle
2
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.
ULong
by EliteTrader101
NATURAL GAS NEW UPTRENDHi Traders, Natural Gas (now at 3800) started a major uptrend as 2 days ago as predicted. It's now to retrace a bit to 3760-43 before resuming the uptrend to 3924-50. That should mark the top of "sub-minuette wave 1". As you can see by the 2-hours chart above we're still plenty of time to get on board for a long position. ELLIOTT WAVES The letter "C" at the bottom right of the chart marks the very end of major retracement wave C. That wave was part of large A-B-C downward correction started from the top at 6,481 on FEB 24, 2014. It bottomed at 3,537 on OCT 28. TARGETS first 3760-43 then 3924-50 PS: apologies for not providing more charts but I'm utterly busy. Mario D. Conti.
FX:NGASLong
by mariodconti
Natural Gas Major Pivot PointHi Traders, The end of the line of the downtrend of Natural Gas (now at 3601) is very much in sight. This sputtering downtrend is to be followed soon by a significant reversal that would mark the beginning of a major uptrend. The attached 1-hour chart displays the sub-minuette waves 1 and 2 (in green, bottom right) as part of a group of a 5 waves down that should be completed at the beginning of the week. At weekly and daily level, this is the very end of a major A-B-C retracement. TARGETS first down to the area 3515-3475 then up to the area 4163-4187 Cheers. Mario D. Conti au.linkedin.com/in/sydneytraders/
FX:NGASLong
by mariodconti
Chesapeake is Headed Higher to $40Chesapeake Energy Corporation is engaged in the acquisition, exploration, and development of properties for the production of natural gas, oil, and natural gas liquids (NGL) from underground reservoirs in the United States. Biggies Guide to Writing Good Articles: CHK followed by short one sentence description of the company’s business area, product, operation. CHK is currently trading around $29.24 in a 52 week range of $18.86.00-$29.27. The company’s stock has been over performing the market this year with shares rallying year to date. Options traders seem to think that this trend will reverse/continue as order flow in CHK has been decidedly bearish/bullish during today’s trading session. Earlier today a trader bought 35,000 CHK Oct 35-40 Call Spreads for $.41 debit. This is an extremely bullish order and involves this trader laying out $1,435,000 in total premium. One sentence summary of the chart and the cloud. With this order flow and this chart set up I believe CHK is setting up well for a long. Unusual Option Activity: We define unusual option activity as large block trades that represent a large percentage of daily option volume. The block trade is considered “unusual” if the option volume is above the average daily volume over the past 22 days. At KeeneOnTheMarket.com we scan and analyze order flow from all of the major options exchanges in order to identify any unusual option activity. Analyzing unusual order flow gives traders a window into what the positions that large institutional players have. The majority of unusual option activity can be traced back to hedge funds, mutual funds, and other large institutions. Knowing where these institutions are placing their bets can be hugely advantageous for any trader. These institutions have informational and technological advantages that the average trader doesn’t have, and the amount of time and analysis that goes into every one of their trades is substantial. We offer this service through our 7 hour daily LIVE trading room bit.ly or through Premium Twitter feed with all entries, exits, and unusual options activity tweeted all day long: bit.ly . Order flow can however at times be deceiving. One might logically thing that a large block buyer of calls is bullish on the underlying. This is not always the case. Remember that a large number of participants in the equity options market are hedgers. Long calls are a hedge against short stock, and long puts are a hedge against long stock. With this in mind we have developed a 7 step trading plan that helps filter out unusual option activity that will not provide actionable trade setups. It is by using this plan that we are able to identify the most significant unusual options activity trades every day.
CLong
by KeeneOnMarket
1