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
DGAZ had a very disturbing dip since last month and it is time to recover the losses.
EMA showing positive signs and judging the chart it looks like bottom have been experienced already. Feeling a strong buy for DGAZ.
Been looking DGAZ closely.
I keep updating this post.
This chart displays the weekly spread between UGAZ & DGAZ. A descending triangle pattern formed and broke to the upside. The target is 280 points to the upside which is the meat of the descending triangle.
Here's my chicken scratch work of assessing Inverse Nat Gas. Staying conservative in my price targets but price could spike higher than expected. I stated where price 'should' be based off opinions on how price in most market and fib law actually move and understand that system is inconsistent. Just giving out a guide on how oversold we are. Don't underestimate...
The idea is to open two short position on these etfs with an equal size of money, effectively splitting the investment 50-50. The result, will be the opposite of the showed equity line (which is downward sloping because I cannot enter negative prices in the chart).
In this example:
short sell 145 DGAZ
short sell 50 UGAZ
This idea can be found using...
Apologies for not posting much lately, I have been travelling around the globe trying to catch some sun.
We have DGAZ in portfolio right now, went in at around $25 level, and will hold until $30 where my sell orders are now. This should go in line with projections my friends here on TV share with me - and that is the NG1! is going to enter 2,5xx area, hopefully...
Usually, I like to make my charts clean and simple, but for DGAZ, there are so many important levels, but they are very clear. DGAZ is showing consistently lower highs, so I wouldn't hold this as a long-term investment, but there are many intra-day opportunities for traders.