On the 5th of August NatGas printed a multi year low.
28 +1 day later we tagged the 200 SMA
Before I start the update , I suggest you to read this idea from April:
I was a bit early there, but actually nothing has changed: we started a new 3 year cycle. And in this 3 year cycle I...
I suppose natural gas is one of the most dangerous assets, so if you trade it (any side) be very careful. Not for beginners or those who don't tolerate high risk trades.
Hi Traders
I decided to post this chart because I noticed that , at first glance NATGAS completed 5 waves up and therefore, at the end of this retracement, Traders will think that that the move will be up to the 3 rd wave of the higher degree.
I was trying to fit Fibonacci as confirmation, and it didn't match .. I went to a lower time frame and I adjusted the...
Really it is depends on Saudi production the weather forcast, but this pattern is not rare, don't care about the name even they called alternate monkey, profit on 61.8 Fibo. From CD wave.
Why the previous long idea is so interesting....?
I highlighted by red arrows the 3 year cycle lows.
There was a one in 2006 Sept, the next 2009 Sept, then 2012 April, and 2016 March...
And I think the next one is here in 2019 April....
On the monthly chart the bear started in 2006.
The first multi year cycle printed the low in 2006 September. The second one broke...
It looks to me we had started the bottoming process in UGAZ .
Price broke below 13$ with no follow through and on August 5 we broke below 11.69$ and started to recover on the next day .
The weekly chart of NatGAS last week printed a hammer which often signs the end of the downtrend. This week we have the follow and the weekly...
Hi, guys!
Master (Pure) Charting Analysis: no indicators, no fancy drawings; only Pure Logic and 10 years of Experience.
* NatGas is deemed as one of the best trading (investment) opportunities currently present on the market.
* Resistance volumes are absent in the range from $2.50 to $4.10 = open Upside potential.
* Smooth ascending motion on low volatility...
$NG1! prices have been depressed for so long, that the only play this year has been short.
As we look ahead to the upcoming winter season, we usually get a strong rally as traders buy the rumor or fear of a harsh winter. Once reality sets in and winter arrives, prices usually sell off.
There's an opportunity for traders to get in and play the fall...
The oil patch is full of boom and bust opportunities. One pick that we like is $CRK.
With $CRK, you're betting that nat gas prices have finally bottomed and that Dallas Cowboys owner Jerry Jones has found a hidden diamond in the rough.
Yesterday's headlines:
Comstock Resources (CRK +19.5%) spikes to its highest levels in six months on much heavier than usual...
The market keeps the bearish trend. The strong support at 2.60 could not hold the falling market and this level was broken. DMI is bearish and confirms trend market conditions. ADX moves upward, and it tells us above the strength of sellers. MACD lines support the downward movement too.
If we look at RSI, we'll see a possible reversal. The market can be oversold...
Looks overheated [RSI], needs some cooling down.. guess it will, soon...
TP shown in the chart ~ convergence of
61.8 Fib
+
50MA
+
upper side of former downtrend channel ...
LET'S RIDE!!!
The price broke the main downtrend line and moved above the cloud. From this moment, we can talk about bullish market conditions and search for buy opportunities.
Opening long trades based on the current prices does not look like a good idea. The price is not far from the resistance levels, and we can get a reversal very quickly. The market is overbought. RSI...
Natural Gas is showing signs of strength aligning with seasonality data.
"Analysis has revealed that with a buy date of September 2 and a sell date of October 20, investors have benefited from a total return of 56.09% over the last 10 years. This scenario has shown positive results in 7 of those...
Natural gas has going down in a trend channel from march, but on the daily chart we can see the RSI divergence, so in my opinion the price will breakout this channel and it begins an uptrend.
When you make enough loss in an 1x ETF time to switch to the 3 x leverage little sister at the bottom.
Time to take the advantage of the collapsing dollar in something what is printing the bottom in these moments.
Natural Gas -after shorted to death- is printing a 4,9% rally today.
UGAZ had a capitulation volume last...
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