UNG swing for NOV 19Swinging the NOV19 $18c. Should produce a nice r/r if the pattern plays out. Looks promising right now.
Trade ideas
$UNG - Key Levels and Analysis$UNG - Key Levels and Analysis
Would love to get one more good natty swing…
Sell target 21.28
Or
Double target 15.72
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your due diligence.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
LONG $UNG target 25-27Natural gas broke new 52 week high. There's an ongoing energy crisis across Europe and the USA. Weekly time frame is a double bottom.
4 Neutral Trades $IWM $UNG $CTRA $IFRMIn these we have Strangles and Iron Condors setup so we're monitoring to make sure these stay in the middle of the range. If they breach, we can adjust. All of these trades expire Nov 19th.
$UNG $IWM $CTRA $IFRM
IMO Good place to take longs in UNGWe finally came back down to a slightly lower bottom since the sell signal from the 10-05-21 top Great support here and tested this bottom on the 15 min chart.
I'm in @ 18.80
My JB 8OC WEEKLY on UNG Nat Gas ETFThank you to those who have responded so kindly and favorably to my postings on the JB 80C indicator that I developed (quite some time ago). The JB 8OC indicator is based on a simple but powerful concept. Specifically, in bull markets no matter what the timeframe, closing prices of a given time bar tend to be higher than opening prices. In a bear market closing prices tend to be lower than opening prices. It's a simple supply and demand relationship. The JB 8OC algorithm takes this relationship into consideration, constructing an indicator to assess the relationship mathematically and visually. As in the case of many indicators, and in fact most indicators, there will be some choppiness but we can eliminate much of that choppiness by adding to the methodology a trigger which will filter out a good percentage of erratic trades. I will show a trigger in later posts if people have an interest in them. If so let me know. Now with regard to timeframe I realize that most traders want to trade very short-term time frames and I have no issue with that but my days of ultra short-term trading are over. I would rather work smart and take my time for bigger moves than work hard for smaller moves. Of course, it's a personal preference. The good news about this indicator is that it's adaptable to all time frames but remember- the bigger the timeframe the more stable the result. Best of trading. Jake RBT (rules based trader)
UNG looking more like a cryptoNatty gas has been the gift that keeps on giving. Yet another leg up on the daily has formed. This is a moon shot in gas terms.
UNG Reversal Down V. SoonThis is an intuitive hit that I received in meditation this morning. The idea is UNG will reverse back down. I'm not sure if the high is today or it could be Monday. I tend to think it's monday as we're going out strong here at the end of the day.
The .618 is at 18.46. In that area to $19.00 seems like a good area to watch for a reversal. I dowse on this and get the "breakdown" option. This was confirmed with other inquiries. So, we'll see.
UNGNatural Gas looks like it's coming out of a multi-year bear market.
Upside Potential is HUGE!!
Energy seems to be an attractive trade next couple of years IMO.
Keeping an eye on Natural Gas and Uranium as the world explores alternative renewable energy resources
Happy Trading :)
Natural Gas - A Strong Move Boosts Our ETF IdeaSo far this year, we have published two ideas on Natural Gas. One on the long side (via the UNG ETF) and one on the short side directly via the commodity.
UNG ETF on 14 May: This idea has appreciated via 35% and 44% from confirmation and publication respectively, with the full target of $14.60 being reached last week Thursday. The original idea via my research report has been inserted on the chart.
NG: A counter-trend short/sell on 12 August at $4.00. We traded lower, down to to 3.73 (a 'short' move of -6.75%). As noted via my research, a trailing stop was applicable.
So far the NatGas has continue to advance, with the medium term setup prevailing vs the short term setup.
What to know what's next for the commodity or which other ETF is setting up as a buy? Get in touch today.
Natural Gas Made a Strong Bounce Today (UNG)Exactly what I was hoping for if you referred to my previous post. We've had a strong bounce off of support after our smaller retracement and I expect this to go up to about $15.64 (ish) and from there I can only guess a strong retracement (based on storage volumes etc, but we'll see).
I've been waiting for this pullback!!UNG has been on a bit of a tear. I think the recent run in Natural Gas has had less to do with inflationary pressures and more to do with increased US output and decreased reserves. We've broken a major resistance level and we are currently in pullback mode but I am expecting one more push to the blue line (which I think corresponds to $4 on the exchange). After that I expect a big pullback so switching to shorts I think would be prudent given natural gases normal "tendencies."
UNG - That will do pig, that will do.
This little piggy is heading out for slaughter soon - its been a great run for Natural Gas.
Right now it looks like its nothing but gas is holding it up - revision to the mean is due at about $12.80
Having traded UNG in the past there is negative drag on this product (its always going down) because its rolling futures contracts.
/NG is in backwardation - its cheaper in the future.
UNG - natural gas fund - start of a huge uptrend?Last wave down was in 5 waves, I assume this to be the terminal wave and we are observing a long-term reversal.
To the nearest simple fibo pullback 38% is more than 300% growth potential... I would call it a minimum target.
This is also a part of a clean energy megatrend, natural gas is used to be a part of @green energy@
DYOR in any case
Anybody else like Natural Gas?You will see the channels set up in the left sided weekly chart, but the recent surge and predicted pullback (just started today) I think means that Natural Gas (UNG) could be quite starting another bullish phase.
Booya!! Inflation saves the dayInreased costs (driven by a lot of factors) continues to inflate commodity prices. Natural Gas has been a real garbage dump recently but this morning made a very bullish move. I have now completed what I expect the channel to look like but going forward a pull back should be waited for before buying in.
Natural Gas Stocks that could light up soonWith the price of oil on the rise, Natural Gas becomes a more interesting substitute. These five companies are best positioned to take advantage of the market's interest.
Natural Gas Set for a Small Fall (UNG)Sorry guys I haven't written in a while (Royal College specialist exams and whatnot) but natural gas is putting in a beautiful ascending wedge. To take full advantage I would short now with a stop at the upper overhead resistance. With regards to the bigger picture this is a higher low so I actually expect the trend to continue up shortly thereafter, but in a weighted ETF or something I figure its worth 5 or 6%.
New Moves in Natural Gase (UNG)?We have a new higher low in place and its sitting right at overhead resistance! This could be the start of a breakout (even if its a small one).
Bottom FishingHow low can she go?? LOL
UNG hit an all time low of 8.58 a few days ago..
When price is this low, I am like "Why not" But I guess it can go even lower..only time will tell..
This got my attention on Chartmill as they have a page that shows large player activity using the effective volume indicator.
I do recall this one can be volatile
Not a recommendation
Turned out to be a good forecastGot one thing right, now we'll just have to see whether it breaks out or continues down the trendline.
UNGPossible scenario for UNG. I have no position. I bot an option based on what someone told me it would do earlier this month and I lost my $25 (🤣🤣🤣 That never happens!!) Anyway, I'm thinking about revenge trading it so I started looking at it closer. Not really positive this is a broadening wedge.
