UNG trade ideas
UNG - strong volume near resistanceCurrently pulling back after testing top-trend / supply level. I'm watching $21.40 area to hold as support for another attempt at a break. The strong volume and indicator confirmation has me bullish, provided we stay above that. $21.40 area.
Seasonality at its BEST!! Natural Gaz Spike coming SOON!!Disclaimer: The above are just my opinions and should not be construed as trading advises.
UNG Long ideaseems like second foot down, trading volume is high for these two days, price near former support area
TRADE IDEA: UNG JAN 22/24 LONG CALL VERTICALMetrics:
Max Profit: $164/contract
Max Loss: $36 (assuming mid price fill)
Break Even: 22.36
Delta/Theta: 9.03/-.07
Notes: A seasonality play put on at /NG lows ... . UNG's not my favorite instrument in the world, nor is it the most liquid that far out in time. It's also possible that /NG could trundle lower, since seasonal peak injection generally doesn't occur until later in the year on average.
The pictured setup prices out at .18 bid/.36 mid/.53 ask and would pay well if we get another Polar Vortex. If we don't, we'll you aren't out much ... .
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
