Get started
United States Natural Gas Fund LPUnited States Natural Gas Fund LPUnited States Natural Gas Fund LP

United States Natural Gas Fund LP

No trades
See on Supercharts
Overview Analysis News
Ideas
Discussions Technicals Seasonals

UNG trade ideas

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
1
Natural Gas (UNG) tradable rangeSelling PUTs on Natural Gas ETFs seems a decent income prospect at the moment. Not only are there auspices of a falling wedge breakout, but an increase in momentum may be acting as support at the lower end of a months long trading range. These formations are already seventy five days in the making, providing some confidence in the likelihood of our bullish presumptions coming to fruition. I warrant that the information created and published by me on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
AMEX:UNGLong
by quickshiftinn
4
UNG - Accumulation for Mid/Long TermShort summary and overview. Accumulation Phase. Ending of Correction Wave. Max allocation: 20 - 30k USD Time horizon: 6 Months up to 2 Years. Weekly accumulation trades: 1) amount: '3000@USD', type: 'FutureSwapExecution', amounts: , avg: 7.0019946101 2) amount: '2000@USD', type: 'FutureSwapExecution', amounts: , avg: 6.7269436101 We will keep updating this strategy. And will calculate a target to sell off our position again. Stay tuned. Feel free to comment or ask any question. *** Disclosure *** The following information is provided for educational and informational purposes only and should not be construed as financial advice or as a recommendation to buy, sell, or hold any particular investment or security. The trading strategies discussed here are based on historical market data and do not guarantee future results. There is no guarantee that any investment strategy or approach will be successful, and past performance is not necessarily indicative of future results. The strategies presented here may involve risks that are not suitable for all investors. Each investor must carefully consider their own investment objectives, risk tolerance, and financial situation before making any investment decisions.
AMEX:UNGLong
by breath2live
2
THREE WORDS THAT YOU SHOULD KNOW. NATTY GOES CRAZYNatty is a slang term for 'natural gas' or natural gas futures. Natural gas is among the most-volatile commodities, especially in contracts for prompt delivery. A big reason why is the demand for natural gas varies considerably based on the weather as it's primarily a heating fuel; though it's increasingly used in electricity production and that can also make it subject to swings on hot summer weather due to air conditioning demand. Increasingly, LNG demand also dictates the price of natural gas. Forecasters from Atmospheric G2 said last Thursday that above-average temperatures are expected for the eastern two-thirds of the U.S. from Feb. 6 to 10. Natural gas prices are also under pressure after the Freeport LNG natural gas export terminal in Texas announced in January, 2024 that it would close one of its three production units for a month for repairs after extreme cold in Texas damaged equipment. The closure of one of the power units will limit the export of natural gas from the United States and increase its supply. Front NYMEX:NGH2024 Natural Gas futures contract recently fell to all-time low, below $1.900 mark. An unusually mild winter reduced demand for natural gas and kept U.S. inventories high. Forecasters at Maxar Technologies said last Wednesday that weather is forecast to become warmer over the next two weeks from the Rockies to the Midwest. According to BNEF, Lower 48 States Dry Natural Gas production on Wednesday amounted to 104.2 bcf per day (+4.2% y/y). Demand for Lower 48 States Dry Natural Gas was 93.1 bcfas of Wednesday, according to BNEF. (+8.9% y/y), and net LNG flows to US LNG export terminals declined to 13.5 bcf as of Wednesday. (-4.2% by weight). Reduced U.S. electricity production will negatively impact demand for natural gas from utility providers. The Edison Electrical Institute reported Wednesday that total U.S. electricity production fell -8.1% year-over-year for the week ending Feb. 3, and total electricity production in the US for the 52-week period ending February 3 fell by -0.4%. The US Climate Prediction Center said there is a more than 55% chance that current El Niño weather conditions will remain strong in the Northern Hemisphere through March, keeping temperatures above average and putting pressure on natural gas prices. AccuWeather predicts also El Niño will limit snowfall in Canada this season and also cause above-normal temperatures in North America. Gas storage facilities in Europe were 71% full as of January 29, above the five-year seasonal average of 58 percent for this time of year. Baker Hughes reported a week ago on Friday that the number of active U.S. natural gas drilling rigs fell by -1 rig to 119 rigs for the week ended Jan. 26, just above the two-year low of 113 rigs recorded on Sept. 8. Rising to a 4.5-year high of 166 rigs in September 2022 from the pandemic-era low of 68 rigs recorded in July 2020 (data dating back to 1987), rigs number decreases again, since Q4'22. Recent EIA report showed in full accordance with expectations, a decrease in reserves of -75 bcf that is much less than the 5-year average for this time of year of -193 bcf. The main technical chart is for United States Natural Gas Fund LP AMEX:UNG ETF that offers straightforward exposure to front-month natural gas futures Basically this graph clear illustrates that disinflation era is still exists, as bearish sentiment is still prevails in the market since the Q4'022, after a key 5yrs SMA breakthrough. Perhaps this is the end, and market capitulation is almost right there, as it typically happens each time in long-term downward market trends.
AMEX:UNG
by Pandorra
5
UNG ( Natural Gase Futures ETF) Swing trade Short then LONGUNG is shown here on the 15 minute chart with text box comments showing the three trades over 8-9 trading days yielding 25% overall first two trades short then a one day long trade at what may be an early reversal. A pair of hull moving averages 49/140 ( multiples of 7) are used to generate buy and sell signals in golden and death cross fashion. A dual TF RSI indicator is used to support those signals. As swing trades with typical stop losses these were quite profitable with low risk. As an alternative if a trader has options charting available the same strategy/ method can be applied for significantly higher profit with less capital in each trade.
AMEX:UNG
by AwesomeAvani
2
UNG rising in the cold of winterAS shown on a 4H chart, UNG which tracks natural gas futures has been rising now for three weeks with the typical demand of the winter months and the cold weather impacting new supplies while Russia's war continues. Volumes are relatively high while dual TF ( 4H and 1Week) crossed the 50 line on December 28. Price has now crossed over the Fib -.5 line of the downtrend from October and has that line and the anchored intermediate term VWAP for support and the setting of a stop loss ( strength in confluence) I see this as a setup for a long swing trade of UNG or BOIL or XNGUSD on forex or any of the gas companies ( LNG) to trade commodities while the equity markets get sorted out.
AMEX:UNGLong
by AwesomeAvani
UNG - 1W - Deviation for higher Hi guys, Natural gas could be warming up for a run. Huge volumes. previous range broke down but the price is quickly recovering with div. I would recommend to wait and check the reaction approaching the previous range. If the price can go back inside, next stop is the top of the range. This could lead to further upside. If the price is rejected, more down to come :) Hope you appreciate. Dont hesitate to like if you share NFA Remember, this is on a weelky timeframe
AMEX:UNG
by Ayer