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$UNG: Next leg up in Nat Gas pricesI think we may see a rapid advance in Nat Gas here, the technical setup in $UNG paves the way for a 18.4:1 reward to risk potential trade. I'm long equity here, but you could trade this with options, or an equivalent fund in the EU or UK (if you're EU based). Futures or options on futures are also an option, but more complicated to execute with maximum efficiency. I suggest you explore this if you're more experienced, and able to determine which strategy to use to maximize RR and performance vs capital allocated to this idea. Best of luck, Ivan Labrie.
AMEX:UNGLong
by IvanLabrie
6
NATURAL GAS EXPLOSIVE ACCUMULATIONNatural gas has been under pressure for quite some time. As a whole, the energy sector has been beaten down severely and is historically cheap. I do not believe this will last. We can certainly have another big drop and even take out March lows but I wouldn't count on it. There are some BIG BIG BIG changes heading our way and we will look back on these days and regret not paying closer attention to energy.. Look at what's cheap.. look at what's expensive. BTW, we're at a critical junction here. There's a 3x hidden bear divergence that has been respected on weekly timeframe. I think this could push price lower. I sure hope so. But big picture is wildly explosive. here's a chart on XLE to XLK (energy compared to tech). What do you think is the better deal?
OANDA:NATGASUSD
by gghsusa
2
$ung $ugaz $boil - Nat gas setting up for yet another rallyRecently, we warned that Natural Gas may set up another opportunity for traders to buy into a support zone below $2.70 with a selling range near or above $3.00. Our upside target zone is between $3.25 and $3.45. The price of Natural Gas has recently fallen below $2.69 and we believe this could be the start of a setup for skilled traders to identify key buying opportunity in preparation for a quick +8% to +15% upside swing. Historically, March and April have been pretty solid months for Natural Gas. Let’s go over the historical data using three different seasonality charts which all point to higher prices. Taking a look at the data, above for both March and April it appears we should have a positive price outcome over the next 20+ trading sessions. Thus, we can determine that the likelihood of a positive price swing between now and the end of April is highly likely. When we take a look at the chart data to see how our BUY and SELL zones are setting up, it becomes clear that any opportunity to BUY into the lower support channel, with a moderate degree of risk, could result in a very nice profit potential of between $0.35 to $0.70 on data that supports the Bullish potential as a 200%~220% advantage over downside potential. Take a look at the data that we are presenting and try to understand that these types of historical price triggers are not foolproof, yet they do provide a clear advantage. They allow us to see if and when there is any type of advantage to our decision making and if we can identify any real opportunity for future success. We believe any further downside price activity in Natural Gas will result in additional opportunities for Long trades with $2.45 being our absolute low entry target. Our upside exit target would be any level above $2.95, or higher, and our ultimate target objective would be $3.15 or higher. Our last trade in natural gas (UGAZ) gave us 30% return in just two weeks in February! This could be another opportunity for a trader to target a quick 8% to 15% swing trade in Natural Gas over the next 20+ days. Time to put Natural Gas on your radar again! Are you ready for this next move? Want to know how we can help you find and execute better trades? Visit www.TheTechnicalTraders.com to get our, technical indicators, market analysis, daily videos and trade alerts. Chris Vermeulen Technical Traders Ltd.
AMEX:UNGLong
by TheTechnicalTraders
NATGASUSD Short Hello, I think NATGASUSD is in for a bigger drop and report may be the catalyst . Consider the scenario. 1. It consolidated in a range for a long time 2. Made a higher but was unable to hold gains 3. Second wave up after the last report failed to make a newer high 4. It closed on channel below the channel 5. Almost half the volume on the upswings and new highs That's how I look at things. Trade accordingly. I'd wait until it hits the Declining channel then short. 3.315 would be my stop if I short at around touch of declining channel. Will be a good risk/reward because I'd short it at touch of channel and stop at 3.315. However, if it breaks the channel with conviction goes to set another high, this idea has failed it's validity.
OANDA:NATGASUSDShort
by viktor89
NG ShortHello, Disclaimer-I'm new to all this. This Up bar on daily had no volume compared to a previous Up bar we saw on 20 March 2017-(drawn for comparison). or 4 April 2017 I don't like to recommend anything but it's a requirement to post so , Stop loss -3.200 (if this seems too close, well it's a good placement so it'll make it clear pretty soon) Potential loss of 360$ for gain of $1780 give or take commissions Profit target is 2.986 That's it. I keep it simple. Please trade accordingly.
OANDA:NATGASUSDShort
by viktor89
Closing the overgap likely to create resistance $UGAZ We seeing bullish rotation of the "point of control." Be aware of the overhead "gap" that remains as it will be an opportunity for trapped longs to exit trades with minimal losses. We will likely see longs who accumulated through Mar/Apr/May take some profits. These actions are likely to create some near term resistance. This may also result in prices dropping to confirm support and build additional market structure around $8 base before attempting higher price discovery. Good Luck!
AMEX:UNG
by jamison.gaddy
bulls attempting to absob supply $UGAZ $DGAZ $NG_FBulls are attempting absorb the supply evidence by the higher lows present. The theme remains that demand exceeds supply. Given that prices closed on support I believe a LONG entry is reasonable with a "tight stop" as shorts are buying into resistance. I believe we are seeing strong hands maintain their positions while new entries respect that they are chasing while a few shorts sneak in. I still don't feel rushed to enter carelessly into the "widow maker." My re-entries are noted below. Good Luck!
AMEX:UNG
by jamison.gaddy