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...
I don't like to post about single equities due to the balance sheet risk they propose, this is a company I have bought to take advantage of the outcome of section 232 as mentioned in the earlier update on Natural Gas.
manage your risk effectively and don't be a blind sheep, this is not advise!
Twas not a flat, so WTF! Many things pos IMO, many things say up for now, or a bit more down than up... 2 of an impulse, B on ZZ, X of a combo... that sweet wick on wick action in the a/1 is throwing me a bit...anyway some bull div. A bit up pos..or dumparoo $ugaz $dgaz $ung
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...
As you all know by now, I believe this is an event-driven outcome due to section 232 tariffs on Uranium. The decision will be made in April with a high probability it is passed. The blowback is likely higher electricity costs from Nuclear, natural gas is an alternative base load energy.
Our wave 2 low from support looks to be holding strong. I believe the wave 3 has started and section 232 tariffs on Uranium as likely to be the driver moving forward.
The target for Wave 3 is above $7, section 232 announcement is in April.
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