Natural Gas Still Forming Buy Pattern
Nat gas strong season is here and bull flag
Seasonality wise nat gas should rally towards $3.00 over the next few weeks.
Recently, 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...
Last update Ugaz bounced off support all the way back near resistance...maybe again? It bounced to .9 of the previous swing, so im leaning flat and now it is on the 4 of the C potentially. Then Bang, Zoom, to the Moon!...potentially. The main channel has been broken and played off of, which can happen in a 4. If we break into the wave 1 territory at the orthodox...
These plays happen all the time if you are looking for them. The weekly charts provide amazing opportunities, the key is to find these standout support or resistance areas and wait for the price to fall fast and hard to them, or spike in price into resistance. The FIRST time price tags the level you should be entering a trade for at MINIMUM an intraday reversal,...
Just take a look at the natural gas continuous futures contract WEEKLY chart , $2.55 level and draw a line, its a clear trade setup that just pocketed 25% and 30% this week! This is the UGAZ chart 3x bull that allows us to trade the quick powerful moves in Natural Gas knowns at the Widow Maker... LOL
read the box on the chart and see if you concur? I'd be interested to know whether people are moving more toward the bullish camp right now or not?
Will Natural Gas get rejected at this resistance or will it push through to the next zone!?
$NG_F takes a crap on open, why cant the market do this kind of move. $UNG $UGAZ
The four recent peaks fit perfectly into a fibonacci timeline in a downward channel. Hypothesis: price will continue in the downward channel, or it could breakout during the 4th fibonacci peak intersection.
one of the best play on DGAZ when NG hits 4 again. all COLD drama will be over in a week or 2 and this will settle back to 3
IF Recession AND (A + B - X) then $UGAZ Expect the unexpected. Wild volatility results assuming a big recession hits and market makers reverse using ETNs.
During the mid of November, we experienced a terrible bull attack. I shorted Natural Gas at 4 and got a huge loss. Thanks to the setting of stop loss, i survived from that bounce. I also heard many traders lost their position when they waked up in the morning. Hedge Fund "OptionSellers" managed by the legendary trader James Cordier, broke in one night, because...
Weather is pointing to a possible cold weather returning sometime in January, but still too far out to be certain. However, looks like bears have starting covering their positions and are flipping long again in anticipation for the next winter spike. I'm short-term bullish. I think we get a technical bounce as high as 4.05 before we see some light profit taking....
DGAZ is looking strong after rough month. DGAZ will push towards the trendline and if it breaks the trendline I think it will go back to the original consolidation point on 300$. Why I think DGAZ will go up: -MACD (12,26,EMA15) is still showing positive signs -EMA is below the candlestick -Showing trend change -Similiar patterns during september period
Natural Gas Daily I am watching for two potential patterns. The first (and the one I am not leaning in favor of) is a triangle pattern. If that is the case then we should break out next week. However, I am more inclined to believe that we are starting a drop into a minor C wave down to complete the flag pattern by mid December. Then one last strong push up to...
Will trade the breakout either up or down. Measured move highlighted in green and red rectangle boxes. Volume confirmation would be welcome but not required for me to trigger the trade. Will update once triangle is resolved. Upside target 5.5 Downside target 3.5