NATTY, is the decline over OR is one more drop imminent?read the box on the chart and see if you concur? I'd be interested to know whether people are moving more toward the bullish camp right now or not?
UGAZ
Natural Gas Resistance???Will Natural Gas get rejected at this resistance or will it push through to the next zone!?
NatGas Long ideaNatGas is real interesting here. Dropped down to support and bounced thru resistance (see blue box). Above zero on the TSI and moving out of oversold. MA cross soon.
Natural Gas Fibonacci Timeline Thought ExperimentThe four recent peaks fit perfectly into a fibonacci timeline in a downward channel.
Hypothesis: price will continue in the downward channel, or it could breakout during the 4th fibonacci peak intersection.
NG short at 4one of the best play on DGAZ when NG hits 4 again. all COLD drama will be over in a week or 2 and this will settle back to 3
IF Recession AND (A + B - X) then $UGAZIF Recession AND (A + B - X) then $UGAZ
Expect the unexpected.
Wild volatility results assuming a big recession hits and market makers reverse using ETNs.
Technical Analysis outlook- VelocityShares Long Nat Gas 3X- UGAZMon 14.Jan.2019
Ticker: UGAZ
LAST= 45.99
The movement during the last few days showed a Sideways movement, with a recent low price seen on Thu 03.Jan.2019 at 36.61.
During the next few days an increase in momentum is expected to take the price up for 49.40 and then to 57.30 Taking in consideration the resistance levels. other than the above the price will maintain a consolidation between the 53.45 - 39.75.
Res_2 = 67.00
Res_1 = 53.45
Sup_1 = 39.75
Sup_2 = 26.15
Another Bounce Before Spring?During the mid of November, we experienced a terrible bull attack. I shorted Natural Gas at 4 and got a huge loss.
Thanks to the setting of stop loss, i survived from that bounce. I also heard many traders lost their position when they waked up in the morning.
Hedge Fund "OptionSellers" managed by the legendary trader James Cordier, broke in one night, because they didn't hedge anything for their short position on Natrual Gas.
I really respect the bulls for that attack. They taught me an important lesson in my life.
OK, back to the Topic. Natural Gas slipped deeply after it failed to chase new high. And it has touched its strong support. I think it may bounce back in the next few week.
If the Natural Gas break the support, we will see what will happen on the uptrend line.
2018.12.27 Short-term Natural GasLong-range weather model showing signs of colder weather approaching end of January. Bias is now bullish short/mid-term. Lets see if this bad boy can get back above 4 in the next week or two. Technically trend is still bearish as 20MA has yet to crossover 50MA, but will be looking for this cross to happen soon. For now, should tag 50MA on this next move up if weather still supports bullish price action. GL to everyone!
2018.12.18 Natural Gas Short-term predictionsWeather is pointing to a possible cold weather returning sometime in January, but still too far out to be certain. However, looks like bears have starting covering their positions and are flipping long again in anticipation for the next winter spike. I'm short-term bullish. I think we get a technical bounce as high as 4.05 before we see some light profit taking. Strategy for now is to buy the dips until we get to 4-4.05. Until return of cold weather is confirmed on the backend of weather models, I think 4.05 will be HIGH for now. Good luck everyone
Long position on DGAZDGAZ is looking strong after rough month. DGAZ will push towards the trendline and if it breaks the trendline I think it will go back to the original consolidation point on 300$.
Why I think DGAZ will go up:
-MACD (12,26,EMA15) is still showing positive signs
-EMA is below the candlestick
-Showing trend change
-Similiar patterns during september period
Natural GasNatural Gas Daily
I am watching for two potential patterns. The first (and the one I am not leaning in favor of) is a triangle pattern. If that is the case then we should break out next week. However, I am more inclined to believe that we are starting a drop into a minor C wave down to complete the flag pattern by mid December. Then one last strong push up to complete the larger B wave that Ill show below on the weekly chart. Not to mention that we are very over bought and I believe that the indicators need to settle down a bit before such a strong push higher.
GL on your trading decisions. I hope this helps.
NATGAS Symmetric triangle Will trade the breakout either up or down. Measured move highlighted in green and red rectangle boxes.
Volume confirmation would be welcome but not required for me to trigger the trade. Will update once triangle is resolved.
Upside target 5.5
Downside target 3.5
Natural GAS - Continuation Breakout - UNG UNG after incredible run has spent this past month in a very tight consolidation. the range started of wide but now has been getting tighter and tighter over the course of the last week. There are very few spots of momentum in this market right now.
Things I like about UNG right now.
Its seasonal
Volume Accumulation
One of the last spots of momentum in the markets
Very good NG short setting upIf this low gets taken out, I expect a flurry of selling to take us lower. Good risk return setup.
UGAZ positive futureUsing EMA15, SMA20, SMA200 UGAZ is showing positive signs for uptrend. Look very closely. Might give very good opportunities.
Natural Gas - Out of Gas?Blow off top marks the high for me. This chart is performing very technically as the B wave went right to the .886 fib today to trap as many bulls as possible. If we don't get higher above 4.77 again, I expect a rather long bleed out to the main trendline or support, whichever comes first.
You can buy DGAZ if you want to trade against it but beware as it is a 3x inverse ETF so please set appropriate stops. This could also be a Wave 3 which means after some consolidation/pullback we may see an even higher Wave 5 past 5 dollars. Please be careful in this market.
Good Luck!
Natgas short?It looks like natgas is diverging from WTI crude. As well, on a monthly chart the RSI is hitting the same level as previous pullbacks. Would not chase natgas higher and would wait for a second candle to hit the trendline then short using DGAZ.
Thoughts?
Natty to 4.20Directional Bias: Long
Price Target:4.20
Good Entry:3.61-3.66
Risk/Reward: Max Risk of 50 points/Potential Reward of 500-600 points
Closing below 3.55 hourly candles invalidates.
Long that Natty ZoneDirectional Bias: Long
Price Target: 3.3+
Good Entry: 3.065-3.115
Risk/Reward: Max of 40 tick risk / Potential Reward of 200 ticks.
