United States Natural Gas Fund LP (UNG)

[sokol]

I am waiting to possibly buy lower near the end of the week. I am looking for selling exhaustion - looking for the low on Wednesday (March 3) or Thursday (March 4) to be less than or equal to the lows on Monday and Tuesday of this week for a buy setup.

[4Godnwv]

Trying to play this for a bounce.

[million_dollar_mafia]

Are there still 3x bull etfs for natty?

[Doubledown75]

Watching natty now

[Ferda]

Think this might spike on Thursday

[4Godnwv]

Knock knock

[ClayTrader]

* * $UNG Video Chart 06-29-2020 * *

Link to Video - click here to watch the technical chart video

[BottomBounce]

$UNG $CHK The Farmers' Almanac Predicts Winter 2020 Will Be 'Freezing' and 'Frigid'
https://www.countryliving.com/life/travel/a28722622/farmers-almanac-winter-2019-2020-predictions/

[BottomBounce]

$CHK October Will End Cold in the Rockies, Plains and Upper Midwest
https://weather.com/forecast/national/news/2019-10-23-cold-october-end-rockies-plains $ung

[SH1TFORBRAINS]

UNG to 25

[ITMS]

Natural Gas Nears Technical Bounce Level $UNG

The Natural Gas ETF (UNG) has fallen from above $23 to $20 in just two weeks. The $23 pivot top represented a daily chart hit of the 200 moving average (resistance). This $20 level represents a hit of the daily 50 moving average (support). Just pennies below this level resides a major gap fill at $19.75. That is where I am waiting to buy. It is also at the Fibonacci 61.8%. With multiple factors, the UNG should get a solid bounce. Members to Verified Investing Alerts will get my buy real time. Join now.



Gareth Soloway
InTheMoneyStocks

[ITMS]

Chart Signal: Natural Gas $UNG Tops Out

As oil spiked higher on the disruption of Saudi oil, natural gas also got a sympathy spike. The major difference, natural gas tagged the daily 200 moving average and is currently putting in a bearish topping tail. This signals a near-term pull back in natural gas. Swing traders should look for a decline of at least 10% in the coming week or two.




Gareth Soloway
InTheMoneyStocks

[SH1TFORBRAINS]

I was wrong

[CashCowMoo]

Where is that $50?

[SH1TFORBRAINS]

40

[7Card]

Nice jump after hours.

[7Card]

Next level 35+

[SH1TFORBRAINS]

UNG going to 50

[Doubledown75]

Spikes in natty usually precede recessions. Pull up a long term chart(30yr+) on Henry hub spot price. I thought it was running to $6, got close. I think natty is a better indicator than the vix.
Good luck

[Marketwise]

As we get deeper into 2019...where is the price of NG headed? I have my intuitions, however, as to how high it climbs over the next 6 months I really have no idea. To throw a number out would be just speculation on my part. I think the storage data tells the present supply & demand story. The milder cold season we are presently experiencing will not be enough to right the present supply / demand imbalance imo.

[simmons420]

Hmmmm boom back above 3.00

[SH1TFORBRAINS]

Ung tide going out now.

[SH1TFORBRAINS]

Ung tide going out now.

[Doubledown75]

Thanks dubs:)
I think natty wants to go to around $6
Goodluck

[Nextinline]

Worked out!
Run the #’s and times yahoo!!!

[Nextinline]

I copied your buy this am.
LMAO
I hit one for big bucks$$$$.

[SH1TFORBRAINS]

Bought 4000 KOLD @12.20 natty to fatty

[Doubledown75]

It’s the equivalent of gold going from 1200-2400 in a relatively short amount of time

[dubc]

Ugaz 220s as i type . .


Can not believe an etf can move like that . .

Almost parabolic. .


Good call on natty buddy . . tia


(next time tell me in brackets jks)

[Doubledown75]

So the narrative for natty is we have a 15 year low in storages right now, combined with early frigid temps.
Historically, when the USD spikes ,most of the time, natty jumps with it. We could see a really big jump in UGAZ, but mostly I just play UNG.

[dubc]

I am guessing natty does cyclical move sometimes . .


Winter . . people need to fire up the stoves eh ?!


Ugaz around 180 190s now holy ish . .


Missed it this year . .

[dubc]

Ugaz is up 17÷ so far this am dang . .




Would be nice to park a hundred gs and walk away with 17gs within a day jks

[Doubledown75]

I think natty wants to spike hard like it used to back in the 90’s

[dubc]

Good looking out brother . .


I actually saw ugaz spike yesterday after you sent me the msg . . But i was wussy jks . . And did not grab . .




So . . Good call Double D . .



(Keep them coming. . . I appreciate it)




. . ; )

[Doubledown75]

Natty might spike again
Look at a 40 year natty chart several spikes. Could see $10+ in a short amount of time.

[SH1TFORBRAINS]

Shorts caught with hand in cookie jar

[ITMS]

Natural Gas Begins To Breakout $UNG

The commodity natural gas just broke out of a consolidation triangle. Natural gas storage is at a multi-year low in the United States and while oil is near multi-year highs, natural gas is just coming off multi-year lows. This recipe sets the stage for a solid surge in natural gas. Look for natural gas to trade up 20% in the coming months, realigning itself with the move in oil.





Gareth Soloway
InTheMoneyStocks

[eFinanceMarkets]

$UNG A natural gas bottleneck in the Permian Basin could force oil producers to shut wells or seek waivers to flare large amounts of natural gas if takeaway capacity does not catch up by the end of this year, Texas Railroad Commissioner Ryan Sitton tells Platts.

Sitton says he may support allowing expanded flaring from natural gas processing plants, which would be able to separate and produce NGLs and condensates after flaring off the dry gas.

"If I don't have pipeline capacity and I can't flare it, the only option is to shut in the well," Sitton says. "And now I'm going to shut down oil production because I don't have anything to do with my gas. That is a realistic scenario that could happen."

Citigroup said in a report earlier this week that a severe nat gas production glut could depress prices "even to zero and curtail oil and gas production."

While oil has been the market’s focus, the associated natural gas produced as a byproduct and related infrastructure are equally consequential, CIti said.

[$UPERMAN]

What, for home heating PPG? That's kinda expensive imo.

[SH1TFORBRAINS]

Superman ? You think we can reach 3.00 Nat Gas

[$UPERMAN]

[tuna1186]

what is the reason for the sudden drop ?

[dubc]

Yes $uperman. .

I missed out on the january run . . got caught up in an rs in ugaz and got spooked out . . but if one was to buy near end of 2017 december . . they would have had a good return in natty. . looks like as soon as i sell it goes up (typical dud c move there jks). . but it is soon to be february . . winter might end soon . . so i probably will stay away from natty plays . .

Personally for you and me i think we stick with otcs (better return there) but if one has an opportunity to scalp for a few hundred bucks . . then why not . .

But i am just a little guy . . i trust you more than myself jks . . i think you would know more imo . .

[Doubledown75]

Should be a wild swing day today after the report release. Supply/Demand interesting also. I think the ratio between oil and natty is way out of whack. Should see a large draw, not sure on demand. Lately been seeing lots of coal traveling on the rails so who knows.
Goodluck

[dubc]

Wow they rs this too . .

[benfrankledger]

Not a very impressive year so far for natural gas.

[ybnormal]

1 for 4 split coming...I think it's on 1/5

[benfrankledger]

On Thursday, November 16, the Energy Information Administration told markets that the amount of natural gas in storage declined by 18 billion cubic feet as the injection season of 2017 came to an end.

[benfrankledger]

The November-December spread typically trades at a wide contango. Contango is a condition where the deferred December futures price is higher than the November price.

The spread was trading at a differential of between 10 and 15 cents per MMBtu because the roll represents the time of the year when injections into storage turn to withdrawals.

However, upon expiration of the November contract, the December natural gas future declined and gave up all of the premium in just two days.

[benfrankledger]

The latest bottom in the natural gas market came on November 1 right after the November NYMEX futures contract rolled to December.