With rates rising, the dollar getting stronger, reserves unleashed into the market, EU preparing better for winter Natty is about to crash. Caution if you are long.
Gas problems will get worse and Europe will unfortunately be the most affected. Europe's dependence on third countries for gas extraction will, in my forecast, lead to an increase in the price of gas. The price of gas will reach about $13-14 before we reach an extreme and change direction. My target for the UNG ETF is $50 in the next 3-4 months.
$UNG NatGas Analysis, Key levels, and Targets My average is 23.25 here… I’m 4,000 shares deep. Let’s rally, nat gassers… lol… I’m long here… big time..
Tickers: NG1!, UNG Short term view: We are finding weak support at $4.90 level on NG, or $17.50 on UNG. We are in overall BEAR BIAS MARKET (even with the short term uptrend in the larger equities and bond market) so we will retain the retracement from the SELLERS perspective. We find a strong case to take profit at $5.20 (NG1!) or $18.15 (UNG) TP1: $5.20...
AMEX:LNG LNG having trended down with the fall in the price of natural gas is now sitting in the support zone. I anticipate an up-trending retracement to potentially as up as the resistance zone. Rising relative volume and rising relative strength lend support to a reversal as does the consolidation in the price of natural gas after a recent fall. As a swing...
I think we may see a rapid advance in Nat Gas here, the technical setup in $UNG paves the way for a 18.4:1 reward to risk potential trade. I'm long equity here, but you could trade this with options, or an equivalent fund in the EU or UK (if you're EU based). Futures or options on futures are also an option, but more complicated to execute with maximum efficiency....
$UNG Analysis, Key levels & Targets I have 2000 shares of UNG at 26.50… looking for 30.06 for 13.43%… let's go...
GLOBALPRIME:XNGUSD XNGUSD a few weeks back downtrended afer breaking the neckline of a head and shoulders pattern down to the support of a double bottom formed in early August. Volume profiles are added to the 30 minute chart. I see an uptrend retracement of the recent downtrend and accordingly the following: Stop Loss at 7.64 just below the recent swing...
First wave looks finished and now the C part of the ABC looks like it has started. Expect a swift move down to 5.50 (lower weekly BB area), but I think it would be a long term buy from there. Keep in mind however, there is steep monthly bear divergence now on this chart and the possibility that this is a long term top must be kept in mind. Either way, 5.50 should...
AMEX:BOIL BOIL a triple leveraged ETF based on natural gas as a commodity and its futures on the 15-minute chart has begun a round bottom reversal into an uptrend. The AO / Candle indicator confirms this as does the curve of the accumulation /distribution indicator. Fundamentally, natural gas price is rising especially with the DXY dollar value in a mild...
Looking for one last pump up to 35 or 38 by end of October. 30/8-69 for the next move up. Long position to 35 or 38. ozindustriesforecasting.com to subscribe to Crypto, Forex, Stocks and more.
National Fuel Gas Co l is a diversified energy organization headquartered in Western New York that operates an integrated collection of natural gas and oil assets across four business segments: exploration and production, pipeline and storage, gathering, and utility. The stock is in a confirmed uptrend and has formed a cup & handle with a buy point at...
AMEX:BOIL BOIL is showing a cup and handle pattern at present lending increased probability of a bullish continuation that could yield a 50% price rise over the 45-day width of the cup. Macro and fundamental factors support ongoing natural gas price escalations including the supply issues in Europe, the heat wave from climate change causing and so on. The...
The natural gas ETF is forming a cup & handle with pivot buy at $31.60. This behavior signals a comeback for stocks in the gas industry. Some of them are NASDAQ:NFE , which I was stopped out in June. NYSE:VET and AMEX:LNG . These 4 are in the top of my watchlist. All are in confirmed uptrends and leading the sector. Several oil stocks also look good but I...
AMEX:BOIL BOIL is the #X leveraged ETF for Natural Gas while KOLD is it inverse. On this 30M chart I setup the ration between BOIL and KOLD. This is to find precise swing entries without a lot of work for those only trading part time like myself. At the highs, BOIL has peaked relative to KOLDAccordingly, this is the time to exit BOIL and enter a position on...
Range Resources Corp is in the exploration and production of AMEX:USO and AMEX:UNG in the US. It was recentlty feature in IBD and got me interested because its good looking cup & handle. Today managed to breakout with a gap. This gap should act as resistance. As the market still needs to prove itself, I won't buy this breakout but the breakout from today's...
It's clear Nat Gas can gain traction fast here, I'm long since yesterday, via $UNG shares. Looking to add an options position here, since weekly charts are now bullish, I pre-emptively took a trade based on a daily signal, speculating on the weekly and eventually monthly kicking off. I commented about it in the Key Hidden Levels chatroom here and offered it to my...