There is a high probability that Nat Gas will trade in this range over the next two weeks. What are your thoughts??
Use today to start a position or average down...
Natural Gas July futures NG gapped up on the open from $1.63 to $1.75, but then dropped to $1.71. 2 Hr MACD chart crossed forming some sort of consolidation zone. NG is trading higher July contracts. The fundamentals remain bearish: oversupplied condition vs. low demand. For the next two weeks, the weather is not expected to be hot enough to generate substantial...
There is a possibility of Ugaz pushing up to the $35-37 range before coming back down...
I use Stupid Willy to find approximate bottoms for ugaz and it looks like we could have a good run here today!!!
$ung $ugaz $dgaz $boil $kold $unl $gaz I'm gearing up for the next cycle.I wouldn't be surprised to see a deeper flush. Be careful with leveraged ETF's even though they appear cheap. We don't know how low this can go..take a look at what happened to oil etf's as oil went to zero and below. what strange times we live in.
This is a continuation of my 2020 bull rally theory, finding the best way of capitalizing on the potential opportunity in front of us is the next step. DGAZ performed as expected in a bull rally, substantial losses are seen during the initial rally from cycle low to following heating season. The losses continued from initial high to monthly cycle high but the...
By no means a pro, just an observation I found. Will NG repeat this pattern? If so, suggest bottom will be $1.30-1.50
May pullback in the near-term, but with record short interest as long as above 1.87 looks good for a squeeze in coming month or two
1.753 set on Feb. 11 is probably a major long-term bottom. Historically, #natgas has tended to bottom out in the week ending Feb. 21 bluegoldresearch.com
Still no turn after failed breakout mid-Jan led to breakdown. Well past the seasonal turn so "winter" never came
Hi Guys, A simple move out the gate today. Have a great weekend, Enda
Bear in mind that this is subjective. The chart is an attempt to identify a peak/trough cycle and highlight where price is currently.
Hi Guys, Took a slap today from $NFLX for -$400 and another loss in $UGAZ for -$180 but I came back strong with 2 back to back wins from $UGAZ to put me up $507.20. Enjoy, Enda
Hi Guys, It was bumpy and there were a few pitfalls but TrendSpotter got the moves. Thanks, Enda
UNG at long term support should hold easily , can be a trade with 20% upside. next stop UNG 18.7