UNG trade ideas
UNG Going Down!UNG hasn't been able to break the 0.618 fibo retracement level. Adding this to the downtrend channel upper resistance line rejection and we may possibly have a strong movement to the downside.
$UNG at multi-year support. #bullishTaking an entry here. Huge potential as we sit at multi-year support.
$ung $ugaz $boil - Nat gas setting up for yet another rallyRecently, we warned that Natural Gas may set up another opportunity for traders to buy into a support zone below $2.70 with a selling range near or above $3.00. Our upside target zone is between $3.25 and $3.45. The price of Natural Gas has recently fallen below $2.69 and we believe this could be the start of a setup for skilled traders to identify key buying opportunity in preparation for a quick +8% to +15% upside swing.
Historically, March and April have been pretty solid months for Natural Gas. Let’s go over the historical data using three different seasonality charts which all point to higher prices.
Taking a look at the data, above for both March and April it appears we should have a positive price outcome over the next 20+ trading sessions. Thus, we can determine that the likelihood of a positive price swing between now and the end of April is highly likely.
When we take a look at the chart data to see how our BUY and SELL zones are setting up, it becomes clear that any opportunity to BUY into the lower support channel, with a moderate degree of risk, could result in a very nice profit potential of between $0.35 to $0.70 on data that supports the Bullish potential as a 200%~220% advantage over downside potential.
Take a look at the data that we are presenting and try to understand that these types of historical price triggers are not foolproof, yet they do provide a clear advantage. They allow us to see if and when there is any type of advantage to our decision making and if we can identify any real opportunity for future success. We believe any further downside price activity in Natural Gas will result in additional opportunities for Long trades with $2.45 being our absolute low entry target. Our upside exit target would be any level above $2.95, or higher, and our ultimate target objective would be $3.15 or higher. Our last trade in natural gas (UGAZ) gave us 30% return in just two weeks in February!
This could be another opportunity for a trader to target a quick 8% to 15% swing trade in Natural Gas over the next 20+ days. Time to put Natural Gas on your radar again!
Are you ready for this next move? Want to know how we can help you find and execute better trades? Visit www.TheTechnicalTraders.com to get our, technical indicators, market analysis, daily videos and trade alerts.
Chris Vermeulen
Technical Traders Ltd.
natty harvesting premium (seasonal crush)natty- IV is falling in correlation with price. this is common. as the seasonal bullish period for natty has passed
polar vortex, schmolar vortex. the beginning of march the seasonal crush will continue. im selling a 35 Delta call spreads 30 dte on a rolling basis cutting spreads at 50% profit during it's crush period.inventories in natty support this bearish thesis along with well this is just how natty trades during this season.during this period of months it's likely to stay flat to bearish
Natural Gas: Time to be a buyerFirst massive wave has retraced and resetted sentiment. Expecting another to commence shortly.
Entering july 2019 maturity.
Natural Gas : UNG - 34 Day SMA to Liftoff the 500 Double Hull MAGuessing the 500 Double Hull MA is about to provide Powerful Support for the 34 day SMA here..
brschultz : markettimer777
Nat Gas... Another Day Up... To Peak Feb 29th 2019Went long on Nat Gas (UNG - bought calls) - should go up and peak Feb 28th-ish 2019 per my hourly model.
brschultz aka markettimer777
$UNGNat Gas just Steam Rolled peeps. Just posting this because that spike put Hedge funds out of business. Watching these funds to add to my portfolio with Energy being so low.
UNG - Bullish-neutral Iron CondorThe major activity in natural gas, especially over the past 2 weeks presented an opportunity to make a bullish-neutral bet.
31/32/42/43 JAN19 IRON CONDOR @ 0.73 CREDIT
General plan:
Roll if necessary & if possible to reduce risk.
Target maximum profit, unless significant profit appears early.
Comment or direct message for discussion, or on other interesting ideas!
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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
$UNG $UGAZ massive bullish triangle. $RRC $ECA $SWN $APC$UNG $UGAZ is forming a massive bullish triangle with more freezing temps on the way. $RRC $ECA $SWN $APC have been underperforming and price will converge at much higher prices.
$UNG $UGAZ Bullish symmetrical triangle heading higher $RRC $ECANobody believes in this nat gas rally. If you take a step back you can see a long multimonth base and now the formation of a bullish symmetrical triangle which is a continuation pattern for higher prices
UNG ShortUNG has made significant move up over the past few days and is currently overbought. Im getting short right here at $36.40 1/2 position, I will be adding second half at $38.25 if we get there.
TRADE IDEA: UNG JAN/APRIL 23/32 PUT DIAGONALMetrics:
Max Profit on Setup: 3.00
Max Loss/Buying Power Effect on Setup: 6.00
Break Even: 26 versus 26.06 spot
Debit Paid to Spread Width Ratio: 67%
Delta: -48.42 (bearish assumption)
Theta: .28
Notes: In an ideal world, there would be a December expiry currently available for the front month leg (there will be one after October drops off) and a price in the 28 area to put this on, but I wanted to get a preliminary idea of whether it would pay and what the metrics were, with the focus being on the debit paid/spread width ratio (<75% is bueno). I'll look at pulling the trigger on this if price gets back to 28, adjusting the strikes if necessary to accommodate ... .
Winter is coming... Get in early on Natural Gas!See callout bubbles. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.
