UNG trade ideas
Natural Gas: Time to be a buyerFirst massive wave has retraced and resetted sentiment. Expecting another to commence shortly.
Entering july 2019 maturity.
Natural Gas : UNG - 34 Day SMA to Liftoff the 500 Double Hull MAGuessing the 500 Double Hull MA is about to provide Powerful Support for the 34 day SMA here..
brschultz : markettimer777
Nat Gas... Another Day Up... To Peak Feb 29th 2019Went long on Nat Gas (UNG - bought calls) - should go up and peak Feb 28th-ish 2019 per my hourly model.
brschultz aka markettimer777
$UNGNat Gas just Steam Rolled peeps. Just posting this because that spike put Hedge funds out of business. Watching these funds to add to my portfolio with Energy being so low.
UNG - Bullish-neutral Iron CondorThe major activity in natural gas, especially over the past 2 weeks presented an opportunity to make a bullish-neutral bet.
31/32/42/43 JAN19 IRON CONDOR @ 0.73 CREDIT
General plan:
Roll if necessary & if possible to reduce risk.
Target maximum profit, unless significant profit appears early.
Comment or direct message for discussion, or on other interesting ideas!
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Natural GAS - Continuation Breakout - UNG UNG after incredible run has spent this past month in a very tight consolidation. the range started of wide but now has been getting tighter and tighter over the course of the last week. There are very few spots of momentum in this market right now.
Things I like about UNG right now.
Its seasonal
Volume Accumulation
One of the last spots of momentum in the markets
$UNG $UGAZ massive bullish triangle. $RRC $ECA $SWN $APC$UNG $UGAZ is forming a massive bullish triangle with more freezing temps on the way. $RRC $ECA $SWN $APC have been underperforming and price will converge at much higher prices.
$UNG $UGAZ Bullish symmetrical triangle heading higher $RRC $ECANobody believes in this nat gas rally. If you take a step back you can see a long multimonth base and now the formation of a bullish symmetrical triangle which is a continuation pattern for higher prices
UNG ShortUNG has made significant move up over the past few days and is currently overbought. Im getting short right here at $36.40 1/2 position, I will be adding second half at $38.25 if we get there.
TRADE IDEA: UNG JAN/APRIL 23/32 PUT DIAGONALMetrics:
Max Profit on Setup: 3.00
Max Loss/Buying Power Effect on Setup: 6.00
Break Even: 26 versus 26.06 spot
Debit Paid to Spread Width Ratio: 67%
Delta: -48.42 (bearish assumption)
Theta: .28
Notes: In an ideal world, there would be a December expiry currently available for the front month leg (there will be one after October drops off) and a price in the 28 area to put this on, but I wanted to get a preliminary idea of whether it would pay and what the metrics were, with the focus being on the debit paid/spread width ratio (<75% is bueno). I'll look at pulling the trigger on this if price gets back to 28, adjusting the strikes if necessary to accommodate ... .
Winter is coming... Get in early on Natural Gas!See callout bubbles. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.
Nat Gas ETF on verge of breakout!Gas has put in a solid bottom and is near a breakout. I prefer to see a back test ( BT 0.07% ) that does not close below the break out line with a wick that plunges deeper to scar off the kids.
UNG C&H Forming On The Daily ChartOver the last 2 months, UNG has dropped from the $24 level, down to $22 and now it's back up to $24. In the last week, we can see the price consolidating at the $24-$24.50 range and is looking to pop higher.
Next level of resistance is at $27, which is a range of ~13%.
The C&H can be seen on both price, RSI and Stochs. Keep an eye on this, if RSI starts to turn up, jump on board because it'll be ready to rip shortly.
GL
I see a breakout to the upsideNat Gas is the fuel for most power plants, the heat wave is on so more power consumption, recent news of exports, It's cheap
$UNG $UGAZ -- 61.8% Fibonacci retracement entry$UNG $UGAZ is pulling back right at 61.8% Fibonacci level. As you may know, 61.8% Fib is my bread and butter trade! This is, to me, a perfect opportunity to get in NatGas going in December! Goodluck everyone!
for nat gas bulls UNG fund bouncing from weekly support....nat gas bulls r back just in time ...with colder weather forecast for weekend and next week in the WEST, South and Central US nat gas demand cud shoot up any time and with lower inventories if any can see the price soar high.
