Hello hello hello...
Today we're back with UGAZ analysis.
This time we analysed UGAZ's past data and we found some interesting levels which are pretty close to the price we are at the moment.
27$ mark is one of the lowest supports UGAZ has had in the past and it might be the new support after breakout.
28.7$ has been the resistance in the past.
A little higher,...
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...
The price is on a 1D Channel Up (RSI = 57.179, Highs/Lows = 0.011). As seen on the chart a Higher Low needs to be price and we have two scenarios for that: soft support at 2.765 and hard support at 2.740. We will use both spots as long entries for a potential Higher High TP = 2.900.
The stop-loss positions are making this chart very hard. There are huge chances to make huge money! but also huge risks to lose a lot!.
The resistance at 2.600 I don't like at all. When this one gets tested, we're going very deep. I'll wait next week what is going to...
NaturalGas at important resistance now. Will it go long further?
NaturalGas is very interesting now. It broak 2.755 which is an important breaking point. When it does, 2.845 we are going to look for opening a long position!
After years of studying, learning and practicing I have developed a way of trading which can provide an profit every month by trading cfd's....
Double top testing green fib chamber rejected and dropping to bottom of yellow fib chamber. While 2.5 or below is possible it looks as though a double bottom may form at around 2.583 or so matching up with the price in February.
Looking for confirmation of a bounce before riding AMEX:UGAZ all the way back up to an almost guaranteed 3.0 or so.
Natural Gas or NG is forming a nice bullish setup on the daily time frame. We can see that the price has already broken the upper range and is now touched a resistance area. When looking at the Stoch indicator theres enough buying pressure left.
This info combined with the forecast EL Nino and hot summer are strong bullish fundamentals for NG
Daily chart of natural gas the current situation and prospects for development in the short to medium term in light of the dynamics affecting demand for heating and potentially on natural gas prices.
The possible return around 38.2% Fibo levels is a long entry opportunity to point to a continuation of the bullish boost up to $ 3.40- 3.50 short-term bullish target!
NATURAL GAS is forming an ascending triangle on 4hr timeframe which is indicative of an upward breakout.
It is also on a major support level of 3.163 and has tested it twice.
Long natural gas with a take profit target of 3.472 which is the next resistance level.
I think NGAS hit rock bottom for now. Moving into the winter with chilli temperatures incoming and a perfect trend reversal setup (STOCHRSI and MACD) I think it is very likely we see NGAS reach $3.2 + within the next two weeks. Very crucial to whether this will occur as planned are the inventories which based on past data and future expectations should be as or...