UGAZ - 8% LONG? - ADX PLAYING TRENDING BELLS!Hello hello hello...
Today we're back with UGAZ analysis.
This time we analysed UGAZ's past data and we found some interesting levels which are pretty close to the price we are at the moment.
27$ mark is one of the lowest supports UGAZ has had in the past and it might be the new support after breakout.
28.7$ has been the resistance in the past.
A little higher, 33.3$~, has been a resistance level too.
These 3 price levels are the ones you should keep an eye on. We'll see if we can find any channeling between old resistance and support (28.7$, 27$). If there is channeling between those two prices I would trade them myself.
Adx is showing a bit of reversal movement which means the trend would change from bearish to bullish.
Hope he hit some good numbers.
Also: www.instagram.com for technical analysis content and daytrading ! ;)
Kthnxbye,
-JJ-
DGAZ
$ung $ugaz $boil $ng_f - Nat Gas has same setup as last FebruarySeasonality wise nat gas should rally towards $3.00 over the next few weeks.
$ung $ugaz $boil - Nat gas setting up for yet another rallyRecently, we warned that Natural Gas may set up another opportunity for traders to buy into a support zone below $2.70 with a selling range near or above $3.00. Our upside target zone is between $3.25 and $3.45. The price of Natural Gas has recently fallen below $2.69 and we believe this could be the start of a setup for skilled traders to identify key buying opportunity in preparation for a quick +8% to +15% upside swing.
Historically, March and April have been pretty solid months for Natural Gas. Let’s go over the historical data using three different seasonality charts which all point to higher prices.
Taking a look at the data, above for both March and April it appears we should have a positive price outcome over the next 20+ trading sessions. Thus, we can determine that the likelihood of a positive price swing between now and the end of April is highly likely.
When we take a look at the chart data to see how our BUY and SELL zones are setting up, it becomes clear that any opportunity to BUY into the lower support channel, with a moderate degree of risk, could result in a very nice profit potential of between $0.35 to $0.70 on data that supports the Bullish potential as a 200%~220% advantage over downside potential.
Take a look at the data that we are presenting and try to understand that these types of historical price triggers are not foolproof, yet they do provide a clear advantage. They allow us to see if and when there is any type of advantage to our decision making and if we can identify any real opportunity for future success. We believe any further downside price activity in Natural Gas will result in additional opportunities for Long trades with $2.45 being our absolute low entry target. Our upside exit target would be any level above $2.95, or higher, and our ultimate target objective would be $3.15 or higher. Our last trade in natural gas (UGAZ) gave us 30% return in just two weeks in February!
This could be another opportunity for a trader to target a quick 8% to 15% swing trade in Natural Gas over the next 20+ days. Time to put Natural Gas on your radar again!
Are you ready for this next move? Want to know how we can help you find and execute better trades? Visit www.TheTechnicalTraders.com to get our, technical indicators, market analysis, daily videos and trade alerts.
Chris Vermeulen
Technical Traders Ltd.
ugaz update 21mar2019 @CryptoKnee Last update Ugaz bounced off support all the way back near resistance...maybe again? It bounced to .9 of the previous swing, so im leaning flat and now it is on the 4 of the C potentially. Then Bang, Zoom, to the Moon!...potentially. The main channel has been broken and played off of, which can happen in a 4. If we break into the wave 1 territory at the orthodox end of this "4", may have to recount.
Falling Price Into Critical Support = Opportunity/BounceThese plays happen all the time if you are looking for them. The weekly charts provide amazing opportunities, the key is to find these standout support or resistance areas and wait for the price to fall fast and hard to them, or spike in price into resistance. The FIRST time price tags the level you should be entering a trade for at MINIMUM an intraday reversal, but with the weekly chart, setup expects a couple of weeks for the swing trade to play out.
Natural Gas 2Yr Technical Setup Plays Out Again!Just take a look at the natural gas continuous futures contract WEEKLY chart , $2.55 level and draw a line, its a clear trade setup that just pocketed 25% and 30% this week!
This is the UGAZ chart 3x bull that allows us to trade the quick powerful moves in Natural Gas knowns at the Widow Maker... LOL
NATTY, is the decline over OR is one more drop imminent?read the box on the chart and see if you concur? I'd be interested to know whether people are moving more toward the bullish camp right now or not?
Natural Gas Resistance???Will Natural Gas get rejected at this resistance or will it push through to the next zone!?
Natural Gas Fibonacci Timeline Thought ExperimentThe four recent peaks fit perfectly into a fibonacci timeline in a downward channel.
Hypothesis: price will continue in the downward channel, or it could breakout during the 4th fibonacci peak intersection.
NG short at 4one 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 $UGAZIF Recession AND (A + B - X) then $UGAZ
Expect the unexpected.
Wild volatility results assuming a big recession hits and market makers reverse using ETNs.
Another Bounce Before Spring?During the mid of November, we experienced a terrible bull attack. I shorted Natural Gas at 4 and got a huge loss.
Thanks to the setting of stop loss, i survived from that bounce. I also heard many traders lost their position when they waked up in the morning.
Hedge Fund "OptionSellers" managed by the legendary trader James Cordier, broke in one night, because they didn't hedge anything for their short position on Natrual Gas.
I really respect the bulls for that attack. They taught me an important lesson in my life.
OK, back to the Topic. Natural Gas slipped deeply after it failed to chase new high. And it has touched its strong support. I think it may bounce back in the next few week.
If the Natural Gas break the support, we will see what will happen on the uptrend line.
2018.12.18 Natural Gas Short-term predictionsWeather is pointing to a possible cold weather returning sometime in January, but still too far out to be certain. However, looks like bears have starting covering their positions and are flipping long again in anticipation for the next winter spike. I'm short-term bullish. I think we get a technical bounce as high as 4.05 before we see some light profit taking. Strategy for now is to buy the dips until we get to 4-4.05. Until return of cold weather is confirmed on the backend of weather models, I think 4.05 will be HIGH for now. Good luck everyone
Long position on DGAZDGAZ is looking strong after rough month. DGAZ will push towards the trendline and if it breaks the trendline I think it will go back to the original consolidation point on 300$.
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 GasNatural 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 complete the larger B wave that Ill show below on the weekly chart. Not to mention that we are very over bought and I believe that the indicators need to settle down a bit before such a strong push higher.
GL on your trading decisions. I hope this helps.
NATGAS Symmetric triangle 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
NATGAS SHORT Will be trading $DGAZ for this short. Target is rectangular box- clearly oversold. No reason for NATGAS to be at these prices.
Very good NG short setting upIf this low gets taken out, I expect a flurry of selling to take us lower. Good risk return setup.
DGAZ going up as predicted (we could see 3.5-4$ mark soon)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.
