UGAZ
Natural Gas - Making movesWith consistence demand and winter approaching it seems NG1! is about to make it moves. Make sure you are on right side of NG1! Chart is just an idea. Let's see where it goes.
Seems like reversal is around corner short termShort term we go back and then we go ride it up. If reversal happens, play DGAZ and make some $$.
NG at it's key levelNG this week is imp. It will decide it's course to either 2.9 or 2.4-2.5. Keep an eye. Play DGAZ/UGAZ accordingly. Layer in if you decide to go in.
F/U on Natural Gas My last posting suggested natural gas may turn up and it has ( see link below from 2.12). It’s corrected some the last few days. Is the up trend now over? I favor it is not. I remain long. If get bullish action I will add to my position. Notice positive reversal in 4 hour RSI.
If you go long could use a close <than the 4 hour up trend line as a stop. Process your way. Feedback welcome.
natural gasI have been trading these larger swing over the last few weeks and have been pretty accurate. Todays reversal was a happy site. But this pattern is anything but simple. I don't think we are in a typical short term, ABC due to the pattern. And there was a bullish divergence that appears to be starting to play out. The BBands on the daily are very very tight. Big move coming!
And this monthly chart below is showing a very large bullish divergence. From this long term view...this looking like a typical B wave pattern that we are working through. I really feel that we are close to making a move. With the BBands showing that we are about to make a very big move...I am biased with a move up to break out of this flag and complete the B wave.
GL
Natural Gas "my long term perspective"This is the monthly chart for Nat Gas. As you can see I think we are nearing the next push up to finish a large B wave. But if you look at the time frame...it could be a while until such a big move happens. Short term thought....I think we are going to be starting a 3rd subwave up soon. Hope this helps a little bit.
Natural Gas possibly back to $2.00?Too much risk to short at this point, but I'll start accumulating for a long term play at $2.17 if it gets there,- all the way down to $1.90 in 5 cent increments... Will then hold into mid January 2019 or $2.95, whichever comes first..
Natural Gas Ugaz DgazSo this wave count is nearly impossible to make out. But I believe that we are near the top of the beginning diagonal and should make a brief correction soon. I tried to get a measurement of the beginning of the wedge for a measured move down. Interestingly it is nearly perfect with a .618% Fib assuming I lined up with the correct bottom. The volume is nearly gone so that is another reason why I think we could get a brief drop before the big push up. So maybe sometime tomorrow I might sell ugaz and wait to buy the dip. GL
NATGAS Range Interesting Adam-Eve bottom pair potential.
Also, here are the levels that I'm watching. Anything could happen here, and would not be surprised to see it hit the bottom Green line or break above the resistance Red Line.
Short term support at black line.
Current position at Black line. Will continue to accumulate more if we come back to the black line, and double down on at the Green Line.
Swing Trade
UGAZ set to fill the 87-97 gapContrary to what sounds expectable, based on what have been happening in the previous years, the coming months are not too bad for gas prices. I think gas could easily move upwards (over $3.00) as inventories have been short from where the mkt was expecting in most of the previous announcements, and cold climate is not over yet. Technicals also point higher, most of them.
Natural Gas: Maybe about to turn upNatural Gas from the weekly chart clearly is in a longer term downtrend. From the daily chart we are now for the 2nd time at a .62 retraction of the recent rise. IFFF the sideways action since is what the EWT folks call a "flat" we may well be ready for a sizable up move. Stay tuned. Feedback on this would be greatly appreciated as the picture is far from clear. Would like to know what others think.
Natural Gas "going up Finally"Here on a smaller time frame....I am expecting another push up tomorrow to complete the larger wave 1. I will probably sell at that point and buy the dip. Hoping for a .618% pullback before the real big run starts. GL
Natural Gas "It just Dawned on me"I was laying on my couch thinking about NG and wondering what in the hell is going on with it. Then it dawned on me. After years of a bear market for natural gas, We are in a corrective ABC pattern. DUH, right. So then I was wondering about the last month of this uptrend and how complicated it was and thought, what if we had an ending diagnol for the A wave and we are now in the B wave. When I drew it, I saw how this drop over the last few days now made sense. SO assuming the drop has completed, we should get a zig zag moving up and then another drop and then a larger C wave up to higher highs. I would not be surprised if the zig zag moves up to the decending trend line. This makes the most sense for me right now. So I am in UGAZ for now. GL
Natural Gas "Maybe Finally the winter rally"Lets see how this plays out ...but....I think that grey area that I had previously talked about was squashed today. I am hoping we close above the first trend line. A close above the next one is super bullish. I think a little flag consolidation just below the next trend line would be a great sign.
NATGAS Natural Gas Long IdeaTrading between the descending trend lines, it appears low risk to buy NATGAS or UGAZ here at the lower trend line. Look for higher prices going forward.
Natural Gas UGAZ DGAZHere is the Natural Gas 4 hour chart. I still think we are in a grey area and some type of confirmation should be waited upon. We could very well be in a zig zag corrective pattern. We will know in the next couple days. If it drops again into that red zone then I think I will buy UGAZ again. On a side note....if by chance UGAZ dropped below the red zone then perhaps the cycles do work. But we will cross that bridge when we get there.
Natural GasNatural gas is simply killing me. I left up the possible cycles just in case for some strange reason, NG dumps into mid January. But it sure does not look like its going to dump. It appears that we have started that winter rally. If this is the real winter rally, then a brief pullback would be a great opportunity to get back in this thing. NG left a large upper wick today so we will see what happens next week. I tried to apply wave analysis to NG but that looks to be a mistake. This has more to do with supply demand in cold weather. I am just going to watch this thing and see what happens to it if it does drop back to test that black trend line. If this is the start of the rally then that should last at least a month of huge gains.
