Natural Gas: The Widow MakerNatural Gas is on pace for it greatest & fastest fall in price history.
Nat Gas is hitting technical support in one of the most oversold conditions ever.
We discuss some Nat Gas cycle history that may be useful in knowing how to trade Nat Gas.
UNG
Natural Gas Outlook Short And Mid TermVery weird things are happening in the natural gas space. It might be getting ready for the biggest short squeeze.
Road Map For Natural Gas?I did the best I could with the count. Please share your take on natural gas if you could. Thanks for the view.
Natural Gas about to bounce?Nat Gas/ UNG is into massive support and completely oversold on the daily & weekly time frames.
Everyone wanted nat gas at +$9 but no one wants it below $3.
Funny how markets work.
We are long Nat Gas in anticipation of a 25-50% bounce over the next 2-6 weeks.
BOILMight be bottomed here, mothly stoch rsi shows weakness. Would say DCA down to $5 to catch this monster move.
$Natgas $UNG $BOIL $KOLD Analysis, Key levels, and Targets $Natgas $UNG $BOIL $KOLD Analysis, Key levels, and Targets
Holy Moly…. I’ve been out of natgas for a minute… but at this level I’m going to start accumulating…. Let’s see how we open but I will likely be buying April 21 8 or 9 calls in the morning….
Supported by 5 year volume…
$UNG bounce here back to the neckline. 60-70% upside potentialWhile I shared a previous idea of UNG falling all the way to $2 (and while I still think that's possible over the course of this year), I'm never one to pass up a good counter trend trade. Idea here:
I think $UNG is bottoming here. This would setup a counter trend rally back to retest the H&S neckline it broke down from $17-18 range.
There's 60%-70% upside in this trade should it materialize over the coming months. The first thing I'd watch for is a reversal in price action and then you can jump in.
I set an alert for this price level and when my alerts hit, I jump into the trade.
I'm in from $10.36. Let's see how it materializes over the coming weeks/months.
head and sholdersIn my analysis, I have identified that the natural gas market appears to have formed a head and shoulders pattern. This is a technical chart pattern that is often used to predict a reversal in the trend of an asset.
The pattern is formed by three distinct peaks, with the middle peak (the "head") being the highest and the two other peaks (the "shoulders") being lower. The "neckline" of the pattern is determined by connecting the lows of the two shoulders.
In this case, I have identified the head of the pattern to have occurred on August 22nd, 2022, when the price of natural gas reached $34.50. The right shoulder of the pattern occurred on December 28th, 2022, with the price reaching around $17.
Based on this pattern, I am predicting that the price of natural gas will drop to around $4.20. This prediction is based on the idea that the head and shoulders pattern is a bearish reversal pattern, indicating that the price will move in the opposite direction of the previous trend.
It is important to note that this is a prediction and not a guarantee of future performance.
Natural Gas IdeaAMEX:UNG AMEX:BOIL NYMEX:NG1!
Weekly Chart on UNG show massive volume spike and RSI is terribly oversold. Big dead cat bounce coming.
XNGUSD ready to reverse recent downtrend LONGXNGUSD has been on a long downtrend. On the 1 H Chart,
a falling wedge is seen awaiting a breakout. Moving Average slopes are
decreasing their negativity towards zero. ATR / Volatility is decreasing
as is the downtrend momentum on the average directional index indicator.
I see this as a long swing trade setting up for forex or alternatively
a natural gas ETF like UNL / UNG or a natural gas stock like LNG. This
trade would be propelled by the dollar losing strength, inflation being
sustained, WW III in Europe continuing and the weather turning cooler the
remainder of the winter.
$UNG IdeasWhile technically we can go lower, I'm willing to guess the megaphone pattern is more likely. $UNG to $10 is still possible, but I'm ready to take a heavy bet on bottoming out now.
UNG | Its Time to Load | LONGThe fund invests primarily in futures contracts for natural gas that are traded on the NYMEX, ICE Futures Europe and ICE Futures U.S. (together, "ICE Futures") or other U.S. and foreign exchanges. The Benchmark Futures Contract is the futures contract on natural gas as traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration.
NATURAL GAS🔥 breakoutNG1! broke down out of the raising wedge (yellow) and I expect further downside. It will prolly not be in straight line, pullbacks along the way expected. Actually now we are sitting at the support zone 7.78 - 7.55, so bounce up or sideways before next leg down is possible. Target being the support zone 6.46-5.95 and potentially the lime uptrendline.
Also there is a upward channel (blue) on the log scale:
Will we test the channel lower edge?
Let me know in the comments how much has your gas bill risen if you already pay new price.
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
NATURAL GAS🔥 to $4.6?Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
Wassup guys?! After my NG short call (two months ago) and reaching it's target I think the drop may not be over yet. I can imagine price is going to test support cluster created by major uptrendline (lime), horizontal support 4.75-5.95, and the yellow trendline. The former support zone 6.46-5.95 now acts as resistance at it seems to me that the upside pullback from the low 4.75 to 7.22 is running out of steam. Closer look (4h)...
...reveals local triangle (yellow) which is just about to break one way or the another. My bet is to the downside breakout.
I wouldn't go long as long as the major downtrendline (red) holds.
Let me know your thoughts in the comment section.
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Natural Gas Going Higher?Gas problems will get worse and Europe will unfortunately be the most affected. Europe's dependence on third countries for gas extraction will, in my forecast, lead to an increase in the price of gas. The price of gas will reach about $13-14 before we reach an extreme and change direction. My target for the UNG ETF is $50 in the next 3-4 months.
$UNG NatGas Analysis, Key levels, and Targets $UNG NatGas Analysis, Key levels, and Targets
My average is 23.25 here… I’m 4,000 shares deep. Let’s rally, nat gassers… lol… I’m long here… big time..
Ultra Short Term and Mid Term view of NATURAL GAS NG UNGTickers: NG1!, UNG
Short term view: We are finding weak support at $4.90 level on NG, or $17.50 on UNG.
We are in overall BEAR BIAS MARKET (even with the short term uptrend in the larger equities and bond market) so we will retain the retracement from the SELLERS perspective.
We find a strong case to take profit at $5.20 (NG1!) or $18.15 (UNG)
TP1: $5.20 (NG1!) / $18.15 (UNG)
TP2: $5.35 (NG1!) / $18.80 (UNG)
There is a possibility if the market exuberance continues, we can consider a mid-term view of NG
MIDTERM VIEW :
SHORT TERM VIEW:
LNG Natural Gas Energy Play LongAMEX:LNG
LNG having trended down with the fall in the price of natural gas is now sitting in the support zone.
I anticipate an up-trending retracement to potentially as up as the resistance zone.
Rising relative volume and rising relative strength lend support to a reversal as does
the consolidation in the price of natural gas after a recent fall.
As a swing long trade the stop loss is below the support zone with the first target of about $ 160 or a 50% retracement
and the final target at $ 167 before resistance.
$UNG: Next leg up in Nat Gas pricesI think we may see a rapid advance in Nat Gas here, the technical setup in $UNG paves the way for a 18.4:1 reward to risk potential trade. I'm long equity here, but you could trade this with options, or an equivalent fund in the EU or UK (if you're EU based). Futures or options on futures are also an option, but more complicated to execute with maximum efficiency. I suggest you explore this if you're more experienced, and able to determine which strategy to use to maximize RR and performance vs capital allocated to this idea.
Best of luck,
Ivan Labrie.
$UNG my position $UNG Analysis, Key levels & Targets
I have 2000 shares of UNG at 26.50… looking for 30.06 for 13.43%… let's go...
XNGUSD ready to reverse recent downtrend LONGGLOBALPRIME:XNGUSD
XNGUSD a few weeks back downtrended afer breaking the neckline of a head and shoulders pattern down to
the support of a double bottom formed in early August. Volume profiles are added to the 30 minute chart.
I see an uptrend retracement of the recent downtrend and accordingly the following:
Stop Loss at 7.64 just below the recent swing low
Target 1 8.59 the bottom of the high volume areas and near the Fib 0.382
Target 2 8.84 just under the Fib 0.50
Target 3 9.15 just under the POCs of the volume profiles and the neckline of the head and shoulders pattern.
Fundamentals: decreasing DXY will cause a relative rise in commodities; winter is coming storage of compressed NG
is underway and increasing demand.
All is all, this forex pair is ready for a long trade.
Nat gas back to the 5'sFirst wave looks finished and now the C part of the ABC looks like it has started. Expect a swift move down to 5.50 (lower weekly BB area), but I think it would be a long term buy from there. Keep in mind however, there is steep monthly bear divergence now on this chart and the possibility that this is a long term top must be kept in mind. Either way, 5.50 should act as support in both cases.
BOIL beginning a round bottom reversal LONGAMEX:BOIL
BOIL a triple leveraged ETF based on natural gas as a commodity and its futures
on the 15-minute chart has begun a round bottom reversal into an uptrend. The AO / Candle indicator
confirms this as does the curve of the accumulation /distribution indicator. Fundamentally, natural gas price
is rising especially with the DXY dollar value in a mild correction. Winter heating season is upcoming and the energy
crisis in Europe accelerating with Russia shutting down ( for now only ?) its remaining active pipeline.
Right now long BOIL looks to be an excellent setup.
