CycleMaster

Natural Gas: Time to be a buyer

Long
CycleMaster Updated   
AMEX:UNG   United States Natural Gas Fund LP
First massive wave has retraced and resetted sentiment. Expecting another to commence shortly.
Entering july 2019 maturity.
Trade active:
Bought July maturity strike 26 options
Trade active:
Added to position, contract option on HenryHub Natural gas Call options

Comment:
The major cycle will have upswing till mid March 2020.
Upward move estimated to April 10 2019, then a consolidation till August 2019 before strong upward till the March 2020.

Conclusion: Holding long till April 10 in case leveraged and dont want to pay theta. Then wait some time patient before reentry in August which is to be held till March.

The major cycle is pointing upwrds, but I was a bit too early on the minor.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.