UNG Performance During 2012 and 2016 RalliesThis is a continuation of my 2020 bull rally theory, finding the best way of capitalizing on the potential opportunity in front of us is the next step.
UNG follows the price of natural gas fairly well, UNG does experience rolling decay when futures are in contago. Contago is typical for natural gas futures. Because of the rolling decay holding UNG long term is not a good strategy. While not nearly as bad as UGAZ it still reduces possible gains over the long term.
UNG is predictable and a good option for novice investors looking to get into natural gas trading.
UNG would be a good hold for the daily cycle and a ok hold for the weekly cycle. Weekly cycle would be positions attempting to take advantage of the seasonal swings.
UNG options may represent one of the greatest opportunities, due to the risk of options having a predictable ETF like UNG to trade them on makes success more achievable.
UNG trade ideas
Natural Gas Countertrend Rally Position PlanningThis chart is position planning based on the Daily Cycles Target and Countertrend Rally charts published last week.
Patiently waiting for this rally to fail.
UNG puts take advantage of the expected decay.
Enter on confirmed bearish hourly trend change.
Exits:
extreme bullish reversal, exit if hourly down trend fails
bullish daily higher low, exit on hourly uptrend confirmed
bearish continuation, assess situation at each price target
Flatulence is naturalColder and more snow than normal in the areas that drive demand, but is that enough to eat the surplus?
Daily
Support is holding @19.21, 9cent's below the daily setup trend @19.30
Weekly
mostly negative to neutral
Monthly
Patterns
Inverted Hammer on an 8 downtrend = Bullish in a downtrend
Star Doji = Bullish in a downtrend
Gravestone Doji = Bullish in a downtrend
Weather Forcast
UNG (natural gas ETF) 16% up 24% down... My intention was to analyze the NG exchange rate. Even so, I still chose his ETF. The fractal motion is much more visible in this. That is why I would like to present this. It is clear from the movement of the exchange rate that Friday's big fall (7%) was an expected process. The figure clearly shows that a fractal sequence has been completed. It is also clear that the original fractal is copied in a 2: 1 ratio. This copy has been slow for a month now. Therefore, I assume that further movement follows similar regularity. This means that NG and its ETF will turn north in the coming days. The ETF may increase by 16%. But from that level, another decline may begin. Nearly 24%. I am expecting the bottom of the ETF to be 15.44 usd. Then the most interesting thing happens. I assume that NG can start an amazing rise after 14 years. I also recommend this for a longer term investment.