Nat gas showed some poise today.
Holding green in a red market where most commodities saw negative price action.
This is impressive to see because Nat gas has a long historical trend of diverging from many commodities.
The price action today also saw a red to green reversal further emphasizing the positive potential trend shift.
Nat gas stocks were...
The bulls have made 9 attempts at breaking out. All attempts have failed which has led us to this sharp decline.
Nat gas is holding the 20 day MA but it does look somewhat vulnerable to going lower.
The death cross is getting closer and closer as we approach the 50 MA & 200 MA downtrending intersection.
Our members stopped out of the second half of UNG in...
Nat gas still fits all the criteria for a large downtrend.
Lower highs & Lower lows are still in place on the weekly timeframe.
This obviously swings probabilities in favour of lower price.
However historically were still at some oversold levels.
Just because this asset is oversold honest mean it can't go lower.
Im watching the daily 50MA & 200MA...
Nat gas has carved out a nice potential base to move higher.
We have seen a failed breakdown whcih usualkly indicates a bullish reversal.
They say the biggest moves come from failed patterns an it certainly looks like a failed bearish trendline break.
If this is the case, Nat gas has a nice 15-20% upside before things get really interesting.
We may be...
Natural gas has seen a failed breakout on the daily chart. After this failed breakout occured its been weeks of relentless sell side pressure.
We have lost key weekly and daily supports, which doesn't help the bullish case.
There is 1 small positive on the daily chart: a positive RSI bullish divergence.
Understanding how this commodity works, one should be...
Natural gas just keeps bleeding lower.
Despite the oversold intra day condition this commodity is finding no support.
Natural gas equities are mixed right now, but are definitely showing some signs of accumulation.
We think the next 2 support zones on Nat gas if we lose this critical area are $2.21 & $2.00
Beware Nat gas tends to overshoot.
This trendline...
Natural gas has seen negative price action since we got the golden cross.
The 50 & 200 moving average is touted as a bullish signal but often sold into in the near term.
This sell off in Nat gas is going quick and deep.
The problem with that is the sector is leveraged with triples & doubles.
If we complete the measured move down, we should see a bit lower...
Natural gas has been sold into perfectly since it got the golden cross signal.
This is an asset that loves to punish late breakout traders.
Many traders will be eyeing the 50 & daily 200 MA, but the way there equity stocks are tradign we may pierce those levels.
Natural gas has seen a nice rejection off of 3.19.
A double top on nat gas is observed, does this mean we go lower?
In the near term perhaps some more consolidation is needed but the trend is setting up for the infamous golden cross.
If we get a bullish cross of the 50MA & 200MA this is a likely long term trend signal.
This signals higher probability of a...
Natural Gas has been a very volatile asset in recent sessions.
The price action in the 4 hour chart has triggered a bullish breakout.
The next bullish inverse head and shoulders pattern on the daily chart is starting to take shape. This pattern has not yet triggered.
If we see a breakout of this pattern there is about $1.50 of upside from the neckline....
Natural Gas has lost over 15% of the recent rally.
Pulling back today with the market, this commodity is now coming into an area for potential dip buyers.
Will the 200 MA hold firm?
Nat gas equities are holding relative strength despite the sell side pressure.
2 key trend channels of support are observed.
Profits secured on KOLD
Natural gas continues to test mean reversion strategies.
This commodity is continuing to burn the shorts.
For a couple weeks now, Nat Gas has been trading at the upper 2.5 deviation band.
This is an extreme overbought signal that often results in profit taking.
Natural Gas Daily RSI is now diverging from price at overbought levels.
NAtural gas has broken out of a powerful base.
We have seen some stellar price action over the last couple weeks.
A short squeeze in the making could be brewing.
s we approach some heavy daily and weekly resistance, you may see some profit taking ahead of the next leg up.
The daily 200 MA & weekly 50 MA should be respected until they're broken.
Swedish private equity firm EQT is set to acquire US-based digital consultancy Perficient ( NASDAQ:PRFT ) for an all-cash deal valued at around $3 billion. The deal, approved unanimously by Perficient's board, will pay $76 for each Perficient share ( NASDAQ:PRFT ), representing a nearly 58% premium to Perficient's last close. Perficient's shares will no longer...
Rothschild & Co.'s alternative assets unit, Five Arrows, recently made a strategic acquisition by purchasing Rimes from Swedish investment firm EQT. Rimes, a leading provider of enterprise data management and investment intelligence solutions, has been a significant player in the investment industry, empowering asset managers to efficiently handle market...
This Nat Gas resource stock is signaling bullish price action.
The way energy stocks have been moving makes this Nat gas trade more likely to play out.
EQT triggering bullish short term patterns and developing very bullish long term pattern.
Nat gas confirmed a daily chart breakout!
Its looking likely that we are now putting in a basing formation to move higher.
Now that we are holding above $1.86...we could start to see shorts cover.
I remain bullish as long as were above this key gap zone from 2020.
Nat gas resource stocks are continuing to show signs of accumulation.
$2.25 upside target on...
Nat gas made a bullish reversal today. Closing up over 6%
Natural gas has recaptured the short term trend and is trying to establish a new bullish range.
If Nat gas holds above the key $1.8622 level we will have a quick squeeze to $2.25
Oil continues to grind higher. making new higher highs and higher lows.
Oil is now on watch to target $90 a barrel....
