one of the best play on DGAZ when NG hits 4 again. all COLD drama will be over in a week or 2 and this will settle back to 3
IF Recession AND (A + B - X) then $UGAZ Expect the unexpected. Wild volatility results assuming a big recession hits and market makers reverse using ETNs.
Mon 14.Jan.2019 Ticker: UGAZ LAST= 45.99 The movement during the last few days showed a Sideways movement, with a recent low price seen on Thu 03.Jan.2019 at 36.61. During the next few days an increase in momentum is expected to take the price up for 49.40 and then to 57.30 Taking in consideration the resistance levels. other than the above the price will...
over 3.1 would confirm possible trend higher short term $UNG $UGAZ
During the mid of November, we experienced a terrible bull attack. I shorted Natural Gas at 4 and got a huge loss. Thanks to the setting of stop loss, i survived from that bounce. I also heard many traders lost their position when they waked up in the morning. Hedge Fund "OptionSellers" managed by the legendary trader James Cordier, broke in one night, because...
Long-range weather model showing signs of colder weather approaching end of January. Bias is now bullish short/mid-term. Lets see if this bad boy can get back above 4 in the next week or two. Technically trend is still bearish as 20MA has yet to crossover 50MA, but will be looking for this cross to happen soon. For now, should tag 50MA on this next move up if...
Weather is pointing to a possible cold weather returning sometime in January, but still too far out to be certain. However, looks like bears have starting covering their positions and are flipping long again in anticipation for the next winter spike. I'm short-term bullish. I think we get a technical bounce as high as 4.05 before we see some light profit taking....
DGAZ is looking strong after rough month. DGAZ will push towards the trendline and if it breaks the trendline I think it will go back to the original consolidation point on 300$. Why I think DGAZ will go up: -MACD (12,26,EMA15) is still showing positive signs -EMA is below the candlestick -Showing trend change -Similiar patterns during september period
Natural Gas Daily I am watching for two potential patterns. The first (and the one I am not leaning in favor of) is a triangle pattern. If that is the case then we should break out next week. However, I am more inclined to believe that we are starting a drop into a minor C wave down to complete the flag pattern by mid December. Then one last strong push up to...
Will trade the breakout either up or down. Measured move highlighted in green and red rectangle boxes. Volume confirmation would be welcome but not required for me to trigger the trade. Will update once triangle is resolved. Upside target 5.5 Downside target 3.5
UNG after incredible run has spent this past month in a very tight consolidation. the range started of wide but now has been getting tighter and tighter over the course of the last week. There are very few spots of momentum in this market right now. Things I like about UNG right now. Its seasonal Volume Accumulation One of the last spots of momentum in the markets
If this low gets taken out, I expect a flurry of selling to take us lower. Good risk return setup.
Potential Nat Gas Price Action for the Next 2 weeks
Using EMA15, SMA20, SMA200 UGAZ is showing positive signs for uptrend. Look very closely. Might give very good opportunities.
Blow off top marks the high for me. This chart is performing very technically as the B wave went right to the .886 fib today to trap as many bulls as possible. If we don't get higher above 4.77 again, I expect a rather long bleed out to the main trendline or support, whichever comes first. You can buy DGAZ if you want to trade against it but beware as it is a 3x...
It looks like natgas is diverging from WTI crude. As well, on a monthly chart the RSI is hitting the same level as previous pullbacks. Would not chase natgas higher and would wait for a second candle to hit the trendline then short using DGAZ. Thoughts?
Directional Bias: Long Price Target:4.20 Good Entry:3.61-3.66 Risk/Reward: Max Risk of 50 points/Potential Reward of 500-600 points Closing below 3.55 hourly candles invalidates.
Directional Bias: Long Price Target: 3.3+ Good Entry: 3.065-3.115 Risk/Reward: Max of 40 tick risk / Potential Reward of 200 ticks.