$natgas $ugaz $dgaz update 21july2019 @cryptoKneeread like a book, could be a 1,A with an Ending Diag, too tired to measure, so ill just say falling wedge, looks like futures already broke up a bit, pos up for the 2,B, then new lows possible, maybe. watching
UGAZ
NG more downside?I’m actually looking for a tradable low on NG, but charts suggest more near term weakness, a possible scenario would be up to 2.35 then resume the sell off to possibly 2.05-2.1
** Just an idea NOT a forecast
UGAZ Potential Buy Opportunity 7% ReturnNatural Gas has been consolidating after huge sell off today. UGAZ and Natural Gas has potential to bounce off the 1 hour 180 day EMA for a 7% return. Wait for confirmation of higher lows and higher highs before entering trade. Observe UGAZ during market open for confirmation of upward push.
$NATGASUSD Analysis - Short Term NatGas - Short term to possibly fall to lower support and then to 2.60 before falling again, or bounce from 2.45 and up.
nat gas 7july2019 @cryptokneeA lil sumting from my old friend. Full me once, shame on...shame you...fool me... i wont get fooled again... this could be just another 3 wave move back up than down we go again... gonna wait to see how this unfolds. may take a short at .1.272 or 1.618 if the waves tell me too. otherwise waiting for a full 5 up, 3 down to the .50 for a beautiful long...waiting
LONG THIS 3X ETFDon't really like charting 3x, however this look's like a decent setup.
Daily RSI & MacD = Bullish momentum + Elliot pattern will look to short at top with DGAZ down to fib 50%
UGAZ - 8% LONG? - ADX PLAYING TRENDING BELLS!Hello hello hello...
Today we're back with UGAZ analysis.
This time we analysed UGAZ's past data and we found some interesting levels which are pretty close to the price we are at the moment.
27$ 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-
CHK Update: Uranium producers await US presidential decisionReflecting on our positions and where this trade is likely to trade
Ugaz possible EW counts update 05apr2019 @cryptoKneeTwas not a flat, so WTF! Many things pos IMO, many things say up for now, or a bit more down than up... 2 of an impulse, B on ZZ, X of a combo... that sweet wick on wick action in the a/1 is throwing me a bit...anyway some bull div. A bit up pos..or dumparoo $ugaz $dgaz $ung
Utilities, Natural Gas, and Small Caps Present Setups!This video shows a few simple and clear trade setups unfolding in the market for three very different sectors.
Take a look, and if you like be sure to follow me here on TradingView!
Update CHK: Ascending triangle ready to breakout!Section 232 Uranium tariffs this month is likely to be a driver on the natural gas price ultimately pushing Chesapeake higher!
Natural Gas low in place, 20% upside from here!With section 232 Uranium tariffs around the corner, natural gas is lining up perfectly for an event-driven opportunity to get long!
$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.
Natural Gas needs a little push to setup a breakout!As you all know by now, I believe this is an event-driven outcome due to section 232 tariffs on Uranium. The decision will be made in April with a high probability it is passed. The blowback is likely higher electricity costs from Nuclear, natural gas is an alternative base load energy.
Next Upside target $3.15It's basic but seasonality, trend, and resistance all line up for this move. I do expect/want a pullback to $2.70 first.
More details here about the trade setup.
WEEKEND REVIEW: Natural Gas is oving as expected, target >$7Our wave 2 low from support looks to be holding strong. I believe the wave 3 has started and section 232 tariffs on Uranium as likely to be the driver moving forward.
The target for Wave 3 is above $7, section 232 announcement is in April.
UPDATE: Nat Gas part II, 200% upside in CHKI don't like to post about single equities due to the balance sheet risk they propose, this is a company I have bought to take advantage of the outcome of section 232 as mentioned in the earlier update on Natural Gas.
manage your risk effectively and don't be a blind sheep, this is not advise!
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.
