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United States Natural Gas Fund LPUnited States Natural Gas Fund LPUnited States Natural Gas Fund LP

United States Natural Gas Fund LP

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UNG trade ideas

Markets Ambivalent Why Still See 620 But Get A HedgeGuys this market can drop anytime look 10 year and talks tarfs talks real state broke, small banks broke inflation still up don't get fooled Jobs Bad guys if everything is so fantastic why why why we cutting rates ask urself that wow booming economy soft landing great jobs inflation down but cutting rates that's why I say play charts pure TA no free market any more billion dollar company beats by 5 cents seriously stock buy back don't worry no money fed loan u 0 interest to buy Ur own shares and still beat earnings keep beating earnings really really really any one else see this well all coming roost boys Feb March get ready money good money shorting
AMEX:UNGLong
by john12
UNG: Why I Chose UNG for Tomorrow’s Trading - Dec. 13, 2024After reviewing today’s market setup, I decided to focus on UNG (United States Natural Gas Fund) for tomorrow’s trading. Here’s a breakdown of my thought process and key observations: Key Reasons for Choosing UNG: 1. Clear Technical Levels: * $15.00 is a significant level of interest with strong bullish positioning reflected in options data (highest positive GEX level). A breakout above this level could signal a continuation of the upward trend. * $14.50 serves as a critical support level, with heavy Put interest (-66.77% GEX). A breakdown below this could lead to bearish momentum. * 2. Options Sentiment: * Calls dominate with a 133.7% GEX skew, indicating strong bullish sentiment in the options market. This provides an opportunity for both momentum trades to the upside or a contrarian approach if the level fails. * 3. Volatility Setup: * With an IVR of 39.8 and IVx average at 69.6, the stock presents a good balance of volatility for active trading without being overly erratic. This makes it an attractive candidate for controlled setups. * 4. Risk/Reward Profile: * The proximity to key levels ($15.00 resistance and $14.50 support) creates a manageable risk/reward ratio. I can set tight stop-losses while targeting the next significant GEX levels. * 5. Sector Opportunity: * Natural gas has been moving with increased volume and volatility recently. This sectoral activity often translates to heightened trading opportunities. Questions for Fellow Traders: * What’s your opinion on UNG for tomorrow? * Do you see the bullish momentum continuing, or do you think there’s a higher likelihood of a breakdown below $14.50? * Are there any fundamental or macroeconomic factors I might be overlooking that could impact natural gas tomorrow? Let me know your thoughts! Trading is always better when we share ideas and refine our setups together. 😊
AMEX:UNGLong
by BullBearInsights
UNG ETF for NATURAL GAS - READ THE NOTES IMPORTANTNow Nat Gas is trading for $2.3 per BTU In Europe it sells much higher between $70 and $100 per BTU The Biden Administration over regulated the Nat Gas industry in the USA, and many users of the commodity switched to other fuels like Coal for example and Solar and Wind. Ineficient. NAT GAS coupled with Scrubbing Technology is litterally 99.9% clean. Dipnts makes great scrubbers. Now Nat Gas moves in four year cycles, well as you can see when Biden took office it was operating normally at $130 for the UNG. Finnaly everyone realized that NAT GAs from America is the way to go. One Liquified Gas Tanker per month keeps the lights on in London. Gas then is obviously the way to go, not wind nor solar. EEUU had been supplied by Iran through QATAR, this is theoretical but super likely. Trump will reopen our energy industry, but the damage the Biden White House made is expensive. We could be facing shortages, as gas storage deposit have been partially depleted. and Production costs are indeed $7 per BTU at $7 UNG should trade at the conversion near $130 more or less. please do your own work and be diligent. User of nat gas are looking at the situation and will use likely UNG as a hedge. I bought some and maybe you should too. This is not financial advise, as you all understand we post to participate together in addressing capital allocation and solving future needs. In this case hedging against volatility.
AMEX:UNGLong
by imcnf5c4ff
UNG to $60 ...... is the idea...... UNG is the way to play Nat Gas. Nat Gas traders fir under production costs at $6.5 to $7.5 per BTU - UNG at $6.5 per BTU will trade above $60 Nat Gas is cyclical, it moves in 4 year intervals, perfect to start the move Up now. Please research my findings. Cyclicality of the NAt Gas Market Nat Gas is industry's energy Nat Gas is the cleanest form of fossil fuel energy. Nat Gas goes for $67 per BTU in Europe, the USA needs to be selling Nat Gas. Many other positive things about NAT GAS and its required expansion. We need Nat Gas and plenty of it.
AMEX:UNG
by imcnf5c4ff
2
Preparing for Winter: Accumulating Natural Gas and DBC ETFs in ATitle: Preparing for Winter: Accumulating Natural Gas and DBC ETFs in Anticipation of Rising Prices Comment: As colder months approach, I'm positioning myself strategically by accumulating Natural Gas, expecting a significant price surge driven by tight supply and potential demand spikes. Additionally, I'm reinforcing my portfolio with the DBC ETF, which covers commodities within the same sector. With rising energy needs on the horizon, this could be the perfect storm for a strong rally in energy markets.
AMEX:UNGLong
by Maximus20000
Natural Gas: Do or Die!We secured half of our profits yesterday, however I still think we have a very good chance of higher price. Nat gas needs to make a decision by getting above this key Covid trend line. We are observing another "death cross" formation developing. If price action keeps rejecting the daily 200MA we may go lower. Today inventories came out: consensus was 42B actual -6B This was a dramatic forecast miss & supports higher price / more demand. If Nat gas can get above this key covid trend line, we are well on our way to $3+
AMEX:UNG
by Trading-Capital
$NG1! $UNG Natural Gas potential bull rally soonPotential good risk/reward opportunity for Natural Gas. Due to: - 85% chance of La Nina winter conditions (lower than avg temps in Dec, Jan and March) - Ongoing conflict in Ukraine and Middle East, which may intensify - Chart patterns which indicate low(er) risk entry opportunity VANTAGE:NG AMEX:UNG I will accumulate around here, near $13, and potentially around $11 if it drops down there. Though it seems we have seen the bottom. Price may only double, but if there is a strong rally, following take profit points are possible, most likely between Dec 2024 and March 2025: $76 $87 $115 (Note: NG Bull runs typically last 8-12 months from bottom to peak, so there is a chance prices will bottom out in ~Dec 2024 and peak ~Dec 2025. I will be accumulating here though.)
AMEX:UNGLong
by Savwire1
13
Cup and Handle Pattern on Natural Gas near breakout line The chart shows a classic "Cup and Handle" pattern forming on Natural Gas prices, suggesting a potential upside move upon breakout. The pattern consists of a "U"-shaped cup, indicating consolidation and recovery, followed by a handle representing short-term consolidation. The resistance line at the cup's peak marks the breakout point, signaling a bullish continuation once breached. For trading, initiate a long position upon a confirmed breakout above the resistance line and wait for a retest as support. Set the stop-limit just below the resistance line to minimize potential losses. The profit target is around 27, based on the next highest high from January 2024.
AMEX:UNGLong
by PappyTrading
9
Natural Gas: A Mega Move is BrewingNatural Gas has been a very volatile asset in recent sessions. The price action in the 4 hour chart has triggered a bullish breakout. The next bullish inverse head and shoulders pattern on the daily chart is starting to take shape. This pattern has not yet triggered. If we see a breakout of this pattern there is about $1.50 of upside from the neckline. Resource stocks are still holding up very well, granted so is the market. A very similar structure is playing out on the weekly chart, regarding the 50 Weekly MA If we see price trade in congruency we should see more upside this week and then potentially we may see some sellers the folling week
AMEX:UNG
by Trading-Capital
1
UNG can it rally from another monthly low ? LONGUNG on the daily chart has put in another monthly low similar to that of December after falling from a double top in early January. Gas production may be low. Storages may be depleting as demand is steady even in mild winters. The indicators show mild bullish divergence on the zero-lag MACD and volatility compression on the Fibonacci levels with low volumes overall and selling predominating. RSI levels are in the upper 40s and staady. I see this as a long trade setup targeting first 22 near to the midline of the Fib bands and then 24 at the Fib retracement level for the trend down from October into late December. The stop loss is about 2% at 19. R:r 2.6 : 0.4 or about 6.
AMEX:UNGLong
by AwesomeAvani
UNG Natural Gas ETF now rising from its reversal LONG (XNGUSD )UNG on a 120-minute chart has reversed from a long trend down which started in mid -January. This was a steep trend down from the start into mid- March where the trend angle lessened in a period of relative consolidation until May 1st where the reversal occurred. This is a falling wedge breakout with the trendlines of the wedge in thick red and thick green for resistance and support respectively. The VWAP band lines have been downsloping. Price is breaking through the lower band lines and heading toward the mean anchored VWAP line. Price is now above a EMA 100 Keltner Channel which is now trending up. I will take long trades here of both shares and call options. The targets are marked with black horizontal lines from pivots in Jnauary. The are in the levels of 21 and 26 for now. I would not be surprised if UNG moves up and targets the highs of last October at 30 in the upcoming months. Many utility companies this summer will be burning gas to generate electricity needed for air conditioning and demand should be rising.
AMEX:UNGLong
by AwesomeAvani
2