Natural gas had a bit of profit taking today and you can't blame the bulls for trimming especially since we did the same. The Daily chart now needs a couple days of consolidation before another sustainable push. The weekly chart recaptured the 50 Weekly MA...very good near term sign. This can now be used as a support level to trade against for very tight...
Nat gas showed some poise today. Holding green in a red market where most commodities saw negative price action. This is impressive to see because Nat gas has a long historical trend of diverging from many commodities. The price action today also saw a red to green reversal further emphasizing the positive potential trend shift. Nat gas stocks were...
The bulls have made 9 attempts at breaking out. All attempts have failed which has led us to this sharp decline. Nat gas is holding the 20 day MA but it does look somewhat vulnerable to going lower. The death cross is getting closer and closer as we approach the 50 MA & 200 MA downtrending intersection. Our members stopped out of the second half of UNG in...
Nat gas still fits all the criteria for a large downtrend. Lower highs & Lower lows are still in place on the weekly timeframe. This obviously swings probabilities in favour of lower price. However historically were still at some oversold levels. Just because this asset is oversold honest mean it can't go lower. Im watching the daily 50MA & 200MA...
Nat gas has carved out a nice potential base to move higher. We have seen a failed breakdown whcih usualkly indicates a bullish reversal. They say the biggest moves come from failed patterns an it certainly looks like a failed bearish trendline break. If this is the case, Nat gas has a nice 15-20% upside before things get really interesting. We may be...
Natural gas has seen a failed breakout on the daily chart. After this failed breakout occured its been weeks of relentless sell side pressure. We have lost key weekly and daily supports, which doesn't help the bullish case. There is 1 small positive on the daily chart: a positive RSI bullish divergence. Understanding how this commodity works, one should be...
Natural gas just keeps bleeding lower. Despite the oversold intra day condition this commodity is finding no support. Natural gas equities are mixed right now, but are definitely showing some signs of accumulation. We think the next 2 support zones on Nat gas if we lose this critical area are $2.21 & $2.00 Beware Nat gas tends to overshoot. This trendline...
Natural gas has been sold into perfectly since it got the golden cross signal. This is an asset that loves to punish late breakout traders. Many traders will be eyeing the 50 & daily 200 MA, but the way there equity stocks are tradign we may pierce those levels.
Natural Gas has been a very volatile asset in recent sessions. The price action in the 4 hour chart has triggered a bullish breakout. The next bullish inverse head and shoulders pattern on the daily chart is starting to take shape. This pattern has not yet triggered. If we see a breakout of this pattern there is about $1.50 of upside from the neckline....
Natural Gas has lost over 15% of the recent rally. Pulling back today with the market, this commodity is now coming into an area for potential dip buyers. Will the 200 MA hold firm? Nat gas equities are holding relative strength despite the sell side pressure. 2 key trend channels of support are observed. Profits secured on KOLD
Natural gas continues to test mean reversion strategies. This commodity is continuing to burn the shorts. For a couple weeks now, Nat Gas has been trading at the upper 2.5 deviation band. This is an extreme overbought signal that often results in profit taking. Natural Gas Daily RSI is now diverging from price at overbought levels.
Nat gas has been a monster breakout trade. Our members were positioned well on the long side and have officially closed everything out. We are now looking for an arbitrage short opportunity. We do except nat gas to go higher but price gains need to be digested.
Nat gas confirmed a daily chart breakout! Its looking likely that we are now putting in a basing formation to move higher. Now that we are holding above $1.86...we could start to see shorts cover. I remain bullish as long as were above this key gap zone from 2020. Nat gas resource stocks are continuing to show signs of accumulation. $2.25 upside target on...
Nat gas made a bullish reversal today. Closing up over 6% Natural gas has recaptured the short term trend and is trying to establish a new bullish range. If Nat gas holds above the key $1.8622 level we will have a quick squeeze to $2.25 Oil continues to grind higher. making new higher highs and higher lows. Oil is now on watch to target $90 a barrel....
Natural Gas is appraoching the apex of a wedge pattern. The Apex is the very tip of the triangle where 2 trendlines meet. Price will likely have to make a move by April 3 or sooner. As for which way will price break is anyones guess, but probabliietes are slightly swaying lower. Signs of accumulation are being observed in the resource stocks. So a bottom is...
Natural gas looking for a make or break move this week. Were at an inflection support level where the bulls need to defend price or run the risk for new lows. Natural Gas resource stocks showing great signs of strength and accumulation.
Natural Gas fighting in the futures to stay alive. If we for a higher low and close above $1.60 i believe we will have a quick squeeze to $2.25. The bulls need to defend this gap up!
The widow maker continues to bleed lower and squeeze longs. This is the exact opposite of a short squeeze. We're going through a long squeeze. This commodity is at extreme low levels. Covid low levels when the GDP was contracting. I believe an epic bounce will arise, but this has a history of extreme price action. Natural Gas resource stocks are making...