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United States Natural Gas Fund LPUnited States Natural Gas Fund LPUnited States Natural Gas Fund LP

United States Natural Gas Fund LP

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UNG trade ideas

$NG $UNG $BOIL Where Price would be for the Next couple weeks- UNG NG BOIL have retraced over 50% fib of the A to B move from the bottom, that's a clear sign that we will likely get an equilibrium base on how significant these swings are. - NG has a tendency to break a resistance and have no follow through vice versa breaking a support and have no follow through so im looking for a equilibrium tightening up price action the next couple weeks. - Short term bears still in full control
AMEX:UNG
by ArcadiaTrading
Natural Gas $NG $UNG $BOIL Tips for Riding your Profit- 4H 12EMALast weeks NG video i mentioned that this is likely a climax bottom and we are heading higher with potential inverse H&S pattern, it ended up playing out in the hourly time frame and bulls were a lot stronger than i expected. - Looking at the 4h time frame 12 EMA as full bull control support if we don't lose it then we wont be getting 4h and daily consolidation yet. - im still holding my $BOIL position (it 2x leverage of UNG) its a small position so i'm letting it ride at least 20~30% of course ill still be watching how we consolidate on 4h and daily time frame will tell me a lot if the bull move will continue.
AMEX:UNGLong
by ArcadiaTrading
Natty Gas Seasonality TradeAlways remember that they call nat gas the widow-maker for a reason. Something people also don't understand about nat gas is it's seasonality. Summer is its peak season, not winter. Why? Because more is needed in summer than in winter. To explain: while nat gas is used for heating it is also used for cooling in the form of peaking generation for air conditioning. As well, generally industrial usage is higher in the summer. Finally and perhaps most importantly, the storage demand (i.e. to put nat gas away for the winter) occurs in the summer , while the other uses are also going on. The usual trade is to buy nat gas for June and July and sell the shoulder (i.e. spring months) when everyone is confused why price is falling in winter, when they think it should be at it highest. In this case, UNG is one (very inefficient) instrument to trade for this by using a horizontal spread, i.e. selling April calls and buying same price June calls. A reasonable bounce area looks to be in the 14 range for UNG, so a ladder of spreads in the area around that price would be a prudent approach.
AMEX:UNGLong
by gkm
2
UNG rebound for Wave 4 UNG has collapsed to a point where producers will take drastic measures to curb production. There is a bullish narrative here for this being bottom that I won't get much into, but I only throw this out there because I like to trade when the fundamentals and technicals both line up to suggest the same price movement - in this case a monster rebound. Bullish divergence on RSI and on the inflow charts, big volume coming at the bottom. These are all the signs of a reversal - $10.80 is my target. From there I will figure out if I want to hold or cut. Best of luck
AMEX:UNGLong
by stonkasaurusrex
4
Natural Gas BreakoutVolume Shelf. Largest Volume Volume Since November 2018. Im looking for Longs on break out of support box off vrvp. Political Macro Thesis: war continues into spring, NG demand remains stable through Europe. US NG Shipments continue to Europe. US gets colder in early part of 2023, just as we have had a cold one so far. Price goes up. Institutional Hedging for summer AC demand and winter 2023 Europe with sanctions. Set stops below box. Look for higher volume capitulation as a confirmed false bottom. And vice versa. Dont invest or risk any more than you can afford to loose. Be smart. Be patient. Read. Pay attention to your gas $ bill and the weather channel.
AMEX:UNGLong
by loves2spooge
1
Pull Back FishingChannel down that narrows at the bottom so it is a Falling wedge which is a bullish pattern at the bottom of a chart. I drew it as a channel down and I cant change it now but the channel narrows at the bottom/see below. There are a few spinning tops outside the channel. Spinning top candle so far today that can change by close. How low will it go? NG has been in a free fall for a while now. This is at an ATL so support needs to be formed. It could go lower but jut doesn't seem like it could go a whole lot lower. NG looks dirt cheap, but eve dirt can get cheaper )o: Thanks for bringing this one to my attention Nuggetrouble (o: Possible stop under 8. BOIL is a leveraged fund for natural gas and is in the same pattern. No recommendation/oversold.
AMEX:UNG
by lauralea
2
$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.
AMEX:UNGLong
by benjihyam
2
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.
AMEX:UNGShort
by PetrifiedForrest