NatGas trade ideaLooking at NatGas, Im going long with BOIL. NAtGas is close to a double bottom here, %R is oversold, and the TSI is corssing and rising.
UGAZ
SHORT NGASLooks like head and shoulder pattern on long term chart. break of 2.88 resistance area could see natural gas head to 2.5-2.6
NATGAS UPTHTRUST (FALSE BREAKOUT)$UGAZ
IT IS AN UPTHRUST AND IS JUST PART OF THE CYCLE
IN A LONG TERM WE ARE IN A BULLISH ABCD PATTERN BUT FOR NOW WE ARE GOING TO ENTER IN DANGER ZONE ABC=D ENDING IN 2.50
NATGAS, BOIL long ideaLooks like a bull flag forming on NATGAS tracker BOIL 2x. Id like to buy in on the next tag of the lower flag line. Around $11
Suggestion for correction in NGASWe have broken the mid-uptrend line, and it seems like we will correct to the main one.
Probably we will find support at 2.875 and then we'll go up again.
Stay tuned.
Natural Gas Preparing For A Major Move Up (with image)
I'm republishing this along with an image. Fibonacci spirals on TradingView are not static which causes problems viewing the spirals correctly. Please refer to the image to understand the intended result.
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.
NATTY possible abcde correctionJust a quick observation here. This looks like a corrective structure. I'd LOVE to see the top part of trend line hit, BUT high volume was unable to break the "bigger tend line top" so maybe the fall starts now?
I still think "natty" has one more leg down before a major buy.
NatGas, BOILLooking at NatGas here. Looks like we had a reversal a week ago, then a retest. I could see a good move here with little risk to the downside. Set your stops at Yesterdays lows. Should not test again. Upside target to the 200 ma
DGAZ going to $8DGAZ formed bullish reversal doji today, and NGJ2017 formed bearish reversal doji. Fib extension points us to $8 on DGAZ
Could This Be The Bottom For UGAZ?Just an idea that maybe now is a good time to go LONG on UGAZ
Be careful as this ETN is versatile.
Natty - Don't fish.There is zero reason to bottom fish here yet. This is where patience on a long entry will save you a lot of headaches. There is still no clear divergence (RSI & MACD) indicating that this "could" be the bottom.
As you can see, the "rally" we had this morning is all gone, suggesting another leg lower. I've updated the natty chart with a clearer channel. I'm waiting on better signals for an entry.
USOIL SHORT GAP FILL TRADEUSOIL SHORT GAP FILL TRADE.
That's all this is. UGAZ is nice to play as well for a buying opportunity.
Short term trade to cover fill.
May the markets be forever in your favor.
Natty Long Setup - Play of the year? It's time to pay attention to NATGAS this week. The next big move up is soon. First area of interest is the 2.95-ish area. GL
Possible big NG explosion upwards.Three touches on each side of the wedge, perfectly touched the uptrend line, as well as a storage report coming out after market close tomorrow. Due to falling wedge and bull price action since last march i am leaning long-side here, but do your own due diligence and watch the movement after the report. If price takes off upwards i would expect quite the move here.
NatGas - Hourly DowntrendA simple chart showing the downtrend of NatGas since the peak of Dec, which is the norm as winter days started to decline.
However the weather becoming bearish so quickly has resulted in a steeper decline. I believe we will decline until early March.
NGAS is strugglingNGAS broke down the support line (black dots), but finds support at 0.382 fibonnaci and some trend line I found.
I wouldn't like it to meet the 200MA, but if it will break down from that support- it might happen.
it will rally on the following days, that's for sure
UGAZNatural Gas looks to have hit a double bottom. RSI oversold. I'm looking for a bounce here, maybe to the 200sma. I'll play this move with BOIL.
will natural gas rally?fundumental seems weak, charts are confusing, but i'm long on that one. Hopefully it will support my estimated rally and go up, and it better be soon because if it will tag the 200MA it will cost a lot.
