A technical pattern which has had a virtually 100% success rate is in effect now: look for positive and negative divergence on the CCI, coupled with a PPO-9EMA crossover and a break of support or resistance. There has not been a crossover on the PPO yet but it is flattening out nonetheless. Right now I highly suggest scaling into UGAZ and setting a stop below the...
Building momentum here.
Natural Gas ETF's such as UGAZ are looking more bullish. It broke through a very strong channel that it has been consistently following for a couple weeks now. Look for a slight correction before entering.
At the turning point??
perfect head and shoulders with a tiny shoulder. he needs to work out both arms scared money dont make money
Here are reasons to short natural gas at this level: 1. Both MACD and RSI have reached overbrought level. 1 Year MACD reached historical high since Oct 2004. 2. Reached 2.7-2.73 resistance level 3. Mild temperature will not boost the short term demand.
UGAZ is looking pretty bullish to me from a technical standpoint. I can't really speak fundamentally for it, as I am not normally a natural gas trader ... but technically, I think it looks bullish in the short term. It has been in a solid down trend since March, but the down trend resistance was broken and, not only that, but the 50 MA was also broken. The...
I went long Yesterday with NatGas using BOIL. Trned line break, moving average cross, MACD divergence. All looks good. It's been tough to trade lately. Hopefully we get follow through. UGAZ is another option.
The flag is created with the triangle. So i think it will be a bullish move. What you guys think ?
The pattern is completed on a decisive breakthrough the upper flat line of the Ascending triangle. #ung #ugaz
I still don't think that NG bottoms until the end of December. Just basing it off the cycles analysis idea I have going...but NG is tricky. This is what I think may be going on right now on a short term cycle. If this count is correct, then the wave 1 is longer than the wave 3 which of course would mean that wave 5 must be smaller than 3. Soooo, I extended the...
$ung $ugaz $dgaz $boil $gaz $unl $kold Make no mistake- ol natty will be quite bullish but watch for another big flush drop into this descending formation - very likely another drop before the bull can break out. Short term could be bearish.. wait patiently I may consider some UNG puts until we can break out of this.
Getting ready to buy inverse natural gas, $DGAZ. Natural gas is nearing the long term channel which it hasn't broken several times. Natural gas has touched the top of this channel every - 6.90 - 7.00% as you can see in the D1 graph. First touch - -6.99%, 994 bars (62 d 15 h) Second touch -6.90%, 860 bars (54 d 00 h) Wait for strong breakout confirmation...
The $NG daily has been doing battle with the 50dsma for 8 months. The falling wedge is about to explode to the upside.
The natural gas daily has been unsuccessfully trying to beat the 50dsma for 5 months now. A gap up may be needed to beat the 50 and the falling wedge.
It looks to me we had started the bottoming process in UGAZ . Price broke below 13$ 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 swing. Two weeks ago UGAZ had...
NG seems to be working a bear flag, I'm still looking for a tradeable bottom, until then I'll be staying on the sidelines until market finds a bottom and show (SOS) sign of strength. 1.9 seems likely at this point, if thats the case NG needs to bottom this month as bullish seasonality starts early Sep