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UNG

Oil Gold Silver DXY Natural Gas Price ForecastWelcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias - Natural Gas Natgas Stock in confirmed daily uptrend - Strongest resistance for natural gas resistance is 2.86 #naturalgas #xauusd #xagusd #natgas #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #dxy 00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 04:11 AMEX:UNG Stock Forecast 06:55 USO Oil Stock Forecast 10:38 Gold XAUUSD Stock Forecast 12:25 US dollar DXY Stock Forecast 14:39 Silver XAGUSD Stock Forecast
NYMEX:NG1!Long
by ArcadiaTrading
Natural Gas, DXY, GOLD , SILVER Price ForecastWelcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias - Natural Gas Natgas Stock in confirmed daily uptrend - Strongest resistance for natural gas resistance is 2.86 00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 06:28 AMEX:UNG technical Analysis 09:28 Gold XAUUSD analysis 11:39 US dollar DXY 14:45 Silver XAGUSD analysis
NYMEX:NG1!Long
by ArcadiaTrading
3
UNG short term bull trend reversal.Got into this trade yesterday, but wanted to share. Starting on Sept 6/7th TPO graph was spending more time moving higher, PoC reflects that & a TON of SP's on the downside. Consolidated yesterday just under lower band of vwap (quarterly) & with today's move it is now sitting just above vwap (q) and seems to be using it as support. Will monitor to close. Using 20/50/100/200ema as support now with today's move. Last time I got caught holding 40% of my shares when UNG hit $8. Be careful with that level, monitor. As usual chart times frames are from daily down to 5ming. I mainly use 15min-1hr. Vwap I tend to use quarterly but also vary time frames for confirmations and/or trend reversals. Thanks & happy trading!
AMEX:UNGLong
by SwellTime
NatGas - No Moon Until DoomIn mid June, I had made a call that Natural Gas was about to rally, because price action and timing supported a move upwards. Natural Gas - The Girl Who Hopes You Remember Her But that call became abandoned as I enlightened and improved further, and began to note that rallies were sold off and lows kept being taken. The trade degenerated into looking at a sweep over $3 and then a sweep over $2.9, and turned into abandonment. Before we go far, I want to tell you that you need to keep your eyes on the situation with China. The first thing you notice is that the propaganda machine and politicians are rarely going after "the Chinese Communist Party" but are always going after "China." This is very strange. China is the world's only 5,000 year country and holds the largest population. If you think about it even a little bit, the CCP would be so easy to topple, wouldn't it? Considering the Party has killed a magnitude more of its own people in its century of murder than Hitler did among all races during his years of insanity. And the CCP and former Chairman Jiang Zemin have the 24-year persecution and organ harvesting genocide against the Falun Dafa spiritual practice hanging over their head like the blade of a guillotine. You have to keep this in mind and go study it. A really crucial part of the puzzle is that Xi Jinping, for all the criticism and targeting he gets/deserves, has never persecuted Falun Gong. Instead, Xi's Anti-Corruption Campaign has been killing and ruining the Jiang Faction minions who have conducted and operated the persecution. Xi has even protected Falun Gong in Hong Kong after fortifying his rule there with the National Security Law following the 2019 Heaven Will Eliminate the CCP protests. All of this matters very much to the fossil fuels industry because there's a relationship between China and Russia, both in terms of production and demand, that changes greatly if something like the Ukraine War ends or drama over Taiwan suddenly enters nuclear brinkmanship. Looking at current monthly bars, Natural Gas shows some kind of "Bear Flag." What you're seeing, really, is an extended consolidation. This is actually potentially really bullish, to the upside, but we need price action to confirm it's time to go. Unfortunately, July did not show us this. The sweep of the $2 point and the lows in April was not enough to springboard the move, and that's really telling. While many may tell you that natural gas is obviously going to a zero-handle, a look at the yearly bars shows such a thesis really does not make sense. To the contrary, the 2020 pivot should, actually, hold. A classic super long term breakout and retrace. Moreover, $10 was printed for literally one day in 2022, and that's very strange. The problem with the moon turning full right now, is shown on 3 month candles, where this current little red blip only has one month left. This is not a bullish continuation. It's important, in a bullish scenario, to see volume come in and price action to correspondingly reflect that producers want to sell at higher prices and will orca the waves for us normal people. Moreover, in terms of the overall markets, as I post in this week's SPX call, we may be watching the equities/indexes bear market rally top for real. SPX - The Sound of a Shattering Iceberg As for what might be the news driver that harbingers the correction, it may very well be one of the 10 largest banks in America dumping for whatever reason emerges (watch out for commercial real estate): Charles Schwab - The Harbinger Of The Next Crisis? I also posted last week that it seems to me oil is about to head for a literal 3-handle. Oil - A New Long Leg Down Soon Begins And because we have problems with "Taiwan," which is to say the International Rules Based Order's desire to take over China via Taiwan while the Chinese Communist Party falls, I also believe that Taiwan Semiconductor (TSM) is set up as a probable long hedge through to the end of the year and into 2024: TSM - Taiwan, Your Semiconductor Long Hedge Now, in terms of natural gas ranging like it has, sharply dumping, and then beginning a new and major bull impulse, this is not without grounds, for this would be a fractal of the 2020 COVID dump-to-recovery play that saw a doubling into year end: If this were to play out, we'd see something like $1.60 natural gas into $4.8 by the end of the year or Q1 2024. After that, we may really see prices that exceed $10 and begin to flirt with all time highs at $15. The fundamental factors that would cause a 10 bagger on a commodity that literally equates to most of the world's electricity production are fairly significant. Especially considering "climate change" (lol "climate boiling") is attempting to be used as the pretext/excuse to export the Jiang-CCP Zero COVID social credit system worldwide in a way that far exceeds what was done during the pandemic. And so for the call, I would say the "short signal" with the markets hanging out in thin air at present, while we're about to begin a new quarterly shift, is a break of the $2.4 level. You'd want to short that break with a target meaningfully under $1.8 and then cover it without getting greedy. At that point, it's time to look for longs, and if you're a long term position trader, this may be one of the best opportunities you'll come across. But it may not really unfold until next year. And this assumes that my analysis is correct. Right now, daily price action is just showing failure swings, but nobody has stepped in yet to give it the push down the stairs it really needs.
NYMEX:NG1!
by LordWrymouth
32
UNG Testing Complex Inverted H&S NecklineUnited States Natural Gas Fund(UNG) is testing the neckline of a complex inverted head and shoulders pattern with an open and close above the neckline on a gap up in price today. Based on the orange line measurement taken from the lowest point of the head to the neckline we get $1.89 which can be applied to the opening price today above the neckline and gives an upper price target of $9.92 to watch for which is in the same area as the red horizonal resistance level stemming from the early march spike up to and rejection from $10. Inverted complex H&S patterns have a 71% success rate which means we multiply $1.89 by .71 to give us an initial upper price target of $9.33. Assuming that we have a successful breakout of the neckline to confirm the inverted H&S pattern profit-taking should be begin at the $9.33 level and peak in the $9.92-$10 range for short-term traders. Personally, I tend to just raise my stop-loss level as price moves higher rather than selling at the upper targets in case price continues to move above the projected targets. This gives me wiggle room for price to fluctuate at resistance/target levels while also ensuring that the trade is profitable should price reverse and I get stopped out. The lower PPO indicator shows the green line rising after crossing back above the purple signal line which indicates short-term bullish momentum. Both lines trending above the 0 level indicates intermediate to long-term bullish momentum. The lower TDI indicator shows the green RSI line rising above the 60 level which indicates short-term bullish price trend. The green RSI line is also trending outside of the upper white Bollinger Band which indicates extreme bullish price trend; generally you want to remain long when the RSI is trading outside of the upper BBand. Price tends to correct to the downside when the RSI line falls back below the upper Band so keep an eye on that when it happens if you are are short-term trader. Overall, when the RSI is trending between the 40-80 levels as it has been sine mid-June the the intermediate to long-term price trend is considered bullish. Overall, UNG is looking strong with bullish trend and momentum indicators as the price of Natural Gas moves higher along with crude oil. My buy price was $6.93 putting me up about +15% on the trade so far. Stop-loss is still sitting at $6.54 which is where I set it the day I bought, likely will move it somewhere around $7.50 tomorrow to keep me in profit should price reject at the neckline. Should price continue seeing strength this week the stop-loss will be moved closer to $8, just below the neckline. Info on complex head and shoulders bottom patterns: www.thepatternsite.com
AMEX:UNGLong
by PrepForProfit
UNG Wyckoff Accumulation PatternUnited States Natural Gas Fund appears to be in the process of heading into the Back Up(BU) phase of a Wyckoff Accumulation pattern after levelling off in the $7 area after seeing a ~75% decline from the August '22 high near $35. There is also an ascending triangle pattern forming in phases C and D which tend to result in higher prices as UNG puts in a series of higher lows. What we want to see as a sign of strength going forward is for price to move above the upper blue line of the triangle pattern and follow the trajectory of the orange arrow which represents the anticipated path for price. I've been in UNG since 7/20 with a buy price of $7.36. Current stop-loss order is at $6.61. No upper price target for now, just watching and waiting to see if price can break above the short-term resistance level at the upper triangle line near $7.85.
AMEX:UNGLong
by PrepForProfit