UNG Short SetupUNG is forming Rising Wedge
Long term we can see its forming a perfect Bearish Head and Shoulder pattern
Short term target is at $23
Mid Term target is $21
Long Term target is at $12
UNG
XLE XES Bearish Pattern in Play (Bearish)Clearly there is a Bearish Divergence on XLE and XES on RSI and PPO
On Weekly time frame as well, there is negative divergence
Risk to Reward clearly favors Short Opportunity
NG1! Head and Shoulder Bearish PatternA little updates on Natural Gas for those who are following NG1! and UNG closely
Now we are seeing tons of Bearish pressure on Nat Gas on Weekly, Daily and Hourly TF.
Chart shows a possible Bearish Head and Shoulder pattern for NG1!
Also we are seeing tons of Bearish Divergence on RSI and PPO
UNG (US Natural Gas ETF) - Weekly - Support, Resistance, TrendUNG (US Natural Gas ETF) - Weekly chart.
Support, Resistance, Trendlines for reference.
note: chart is on a Logarithmic scale.
05/11/2022.
NG1! UNG Short Setup - Rising WedgeI think we should see Natural Gas Tank from here
In US NatGas supply has been declining exponentially
Also technically NatGas is forming rising wedge which is the Bearish Setup
Short Setup on NG1!, UNG, BOILExcellent short setup on Natural Gas!
Waiting for the 7.5 Level to Short!
Also SUMMER is here in USA and across the Globe...
Short Setup for Natural GasNatural Gas Short Setup in hourly time frame
Fundamentally also in aligns with the technical analysis
Its about time and Summer is very close.
UNG bullish;W3 OF III extended;may retrace to 25.34 midbox firstIn this weekly chart, UNG Natural Gas still has a long way to go. It is currently doing wave 3 of 3 but is already over-extended in its Bollinger Band. It is likely to retrace very soon to the middle of the latest DARVAS consolidation box which is 25.34 before continuing the wave 5 of III. 25.34 is also the low of the latest big green weekly breakout candle.
Supply crisis is not going away soon.
Not trading advice
UNG: A Great Buy Setup to Capture the Bullish Continuation Earlier this month, UNG has reached a three-year high at $28 level. Immediately, the price gapped down to $25 level. The market has been moving in a short-term descending channel. This week, the price broke the channel by forming an inverse head and shoulder pattern. After breakout, the price retested the neckline and formed a bullish doji. This is a good indication that bullish momentum has taken over the market. First buy target is set in the gap area at $27 level. Second target is set at $28 level or higher, as the market is very bullish at the moment.
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$UNG $KOLD $BOIL Key Levels, Analysis, & Targets$UNG $KOLD $BOIL OMG Key Levels, Analysis, & Targets
Try it, Natty… hit 40 (ung) and I’ll short the hell out of you…
KMINat Gas looks to be entering a LT bull Market. Kinder Morgan is a huge Nat Gas corp. I'D say they will perform very well into the strength of the Nat Gas bull Market. Dips around $16.55 could be a buy if that price holds as support.
there is a rocket going to the moonfasten your seatbelts this guys is going to the next level $7 USD, wait for it
UNG - Direction depending on PutinSorry, I started a new job and haven't been actively trading.
UNG - Nat gas has been very volatile lately and partially connected to Russia war news / European supply. Bearish view - Head and shoulders on daily.
Bullish view - Break over $16.20. *Russia controls a Nat Gas supply to 15 Euro countries.
Have a great long weekend!
$URA weekly chart uranium rotationoil money rotated into natgas and we saw some massive gains this week. 2000% on our UNG calls.
everyone is ignoring uranium just like they did natural gas. this whole russia debacle is about ENERGY not oil.
if it costs more to produce electricity via natural gas , uranium will become more profitable as its at these lows.
simple supply and demand
$UNG - natgas - naturalgaswinter storm warning for much of the east coast this weekend + production setbacks from Texas deep freeze +Florida deep freeze + Greece/ Turkey blizzards + Iran cutting all exports + Russia/Nato Nordstream tensions
look at the energy sector and tell me that nat gas is not overlooked
$NATURAL GAS $UNG natural gas elliot waves + TL's plan in play. energy is dominating the mktplace and natty has been mostly overlooked
$NATURAL GAS $UNG Biden Military OrdersBiden administration is writing up military orders for units to be sent to eastern europe - cnn just now
natty $4 well in play
Gaslights OutIn the beginning, of the year, it was time to buy for the Summer.
Now, Summer is here and here we are.
Price has overshot and with plenty of gas in storage, it's time for me to short the Summer contract here.
Short August(Q)
Long NG Equities
Closed: UNG January 21st 14C/17P Inverted Short Strangle... for a 4.86 debit.
Comments: I collected a total of 5.44 in credits for this setup. (See Post Below). It started out as a 17 short straddle, after which I rolled the 17 short call down defensively to cut net delta, resulting in an inverted strangle (i.e., short call below the short put). Closed it out here for a small winner on this up move; 5.44 - 4.86 = .58 ($58).
UNG (Natural Gas ETF) - 2021 - Support, Resistance, TrendlinesUNG (United States Natural Gas Fund) - 2021 - Support, Resistance, Trendlines:
-Resistance Price Levels (colored horizontal lines above current price)
-Support Price Levels (colored horizontal lines below current price)
-Trendline Resistances (diagonal grey lines above current price)
-Trendline Supports (diagonal grey lines below current price)
note: chart is on log scale.
Rolling: UNG January 21st 17 Short Call to 14 Short Call... for a .42/contract credit.
Comments: Rolling down the short call of my UNG straddle to reduce net delta directionality and improve my break evens. The resulting setup is a 3-wide inverted 14C/17P for which I've collected a total of 5.44 in credits -- 5.02 for the original short straddle (See Post Below) -- plus an additional .42 here. This also cuts net delta about in half, with the 17 short put clocking in at around 79 delta and the 14 short call around -39. The setup remains net delta long (40.81), leaving room for a potential bounce should that occur. A "perfect finish" for an inverted setup is basically the mid point between the inverted strikes -- in this case, 15.50. I will probably money/take/run if the opportunity presents itself, since there is seasonality with UNG, and I'd rather not roll this out for duration as I would with just about everything else since seasonality favors lower post-winter.
My original price target was a 3.76 debit to close (25% of max profit), so I'm revising that to 3.76 plus .42 or 4.18.
