Here you can see how the seesaw may unfold. Geometry! Cheers -Coach Reeves
Hello. I haven't posted since forever, had a lack of motivation but guess whos back! DGAZ is continuing with the same pattern than it was having on last decline push. 3 tops and immediately huge decline. Currently we're on 2 tops but the third time could be different. This could be last short potential for DGAZ for a little while as we don't really know which...
little bit lower is the most probable scenario but I’m looking for a bottom in the 2.00-2.1 region and a big rally into end of year ** Just an idea, NOT a forecast
The strong rally today suggests that NG low of the year might be in, bullish divergence in play, biggest hurdle would be a close above last swing high at 2.488 * seasonally NG bottoms in the last week of July, so looks good timing wise ** Just an idea NOT a forecast
Natural gas has *potentially* breached through a massive resistance level that marks the falling wedge pattern's upper limit. I say potentially because we need more follow through first as confirmation because the price might sink back within the pattern and keep grinding lower until the real break occurs. On the daily charts, we definitely have the positive...
1. Natural gaz is very weather dependent and seasonal. In the last 20 years, natural gaz went up 14 out of 20 times between Aug and Nov. The exceptions were (2000, 2005,2008, 2010, 2011 and 2015). 2. In the last 20 years, natural gaz was above $2.25 98% (eye ball) of the time. As you can see on the chart, $2.25 is a clear floor. 3. Adjusted for inflation for 20...
$UGAZ testing support. If it bounces could make a run up to $25 (+47%). RSI is indicating that it’s just about overbought and MACD is slowly trying to turn up. Could be a good entry soon.
read like a book, could be a 1,A with an Ending Diag, too tired to measure, so ill just say falling wedge, looks like futures already broke up a bit, pos up for the 2,B, then new lows possible, maybe. watching
I’m actually looking for a tradable low on NG, but charts suggest more near term weakness, a possible scenario would be up to 2.35 then resume the sell off to possibly 2.05-2.1 ** Just an idea NOT a forecast
Natural Gas has been consolidating after huge sell off today. UGAZ and Natural Gas has potential to bounce off the 1 hour 180 day EMA for a 7% return. Wait for confirmation of higher lows and higher highs before entering trade. Observe UGAZ during market open for confirmation of upward push.
NatGas - Short term to possibly fall to lower support and then to 2.60 before falling again, or bounce from 2.45 and up.
A lil sumting from my old friend. Full me once, shame on...shame you...fool me... i wont get fooled again... this could be just another 3 wave move back up than down we go again... gonna wait to see how this unfolds. may take a short at .1.272 or 1.618 if the waves tell me too. otherwise waiting for a full 5 up, 3 down to the .50 for a beautiful long...waiting
Don't really like charting 3x, however this look's like a decent setup. Daily RSI & MacD = Bullish momentum + Elliot pattern will look to short at top with DGAZ down to fib 50%
Any wedge break pattern will lead to 10 in no time.
Hello hello hello... Today we're back with UGAZ analysis. This time we analysed UGAZ's past data and we found some interesting levels which are pretty close to the price we are at the moment. 27$ 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...
Reflecting on our positions and where this trade is likely to trade