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It's a good play, seems there's support in the 2.78 because of recent channel, just not enough legs to rally even with hot weather coming, could be why it's struggling a bit to drop below as well. Seems to me, likely headed to 2.70 area.
Nat Gas has delivered, Crude next.
http://bit.ly/1KTn4pZ
Dissappointing action in ng today. Will hedge dgaz looking for quick scalp on early monday weakness.
got to stay liquid, keep average down that's how you survive in ugaz and dgaz, especially with Natural Gas, very volatile.
Those are just shares i added to my core ugaz holding. my average is 1.9.
I'm feeling good about my articles this week, I will do a follow up over the next couple days. This is my last post because i'm out for the day. Good Luck everyone, and don't be afraid to take profits!
http://bit.ly/1M2HWvm
History Repeats As Crude & Nat Gas Drop us a gift $UGAZ $FCG $GASL $GASZ $GAZ $KOLD $NAGS $UGAZ $UNG $UWTI $DWTI
http://bit.ly/1GdgyN0 A great opportunity in Natural Gas may be unfolding $DGAZ $UGAZ $FCG $GASL $GASZ $GAZ $KOLD $NAGS $UGAZ $UNG $UNL
And if anyone's interested a guy I've learned a ton from has started a wechat room where we share real time info. You can message me on SA for the chat room id.
GL
got a sell order for my 1.77 i just picked up, 1.87, may move down a tick though
WOO! just waisted one of my last 2 posts! hehe
i want to see NG close above 2.6 at 230pm
ya, made a quick 200 and added 1.77. almost out of posts for the day lol
sold 7.9 if we can get back above 2.6 i still see a rally
i'm taking 1/3 dgaz here
i'm guessing a less than expected injection. But if i see no strength going in, i may consider balancing my ugaz with some dgaz for a quick scalp instead.
if I get 1.77 filled. I will look to quick scalp, sell them on strength into report
sub 1.80 good place to buy ugaz if they run stops below 2.60ng
p.s. 2012 rally saw thursday open below wednesdays close, make a new low and reverse. looks similar today
got a 1.77 order in
it's on the UGAZ board, i discussed here because i mentioned Crude in the article and how i thought DWTi was a good buy yesterday to the 57 area
I think if we can stay 2.65+ by the time report comes out, there's a really good chance 2.6 is the bottom. And lately strength into report seems to be a precursor to a less than expected injection
Even with a bearish report, I can't see us trading below 2.6 for long, if we even do I say they run stops and we rally back up as we shake out remaining weak shares.
Last week was a little different as we were in the midst of a hard sell off when the report came out. This week we are showing strength, There are likely a lot of bids at 2.6 and just below in case the run stops.
You're right about the 2012 being a bit longer of a correction. But in my opinion I think bouncing off the same trend line is more important then the time frame of the down trend. Yes this one was quicker, but the summer 14 to spring was not as great of a loss as summer 11 to spring 12.
market seems to irrationally react to reports lately. Anything even slightly under causes a surge, slightly over causes a sell off.
Personally I think estimate is high for this week in the 120's. NG is close to strong support and has soon considerable strength from the 2.60 area and is poised for a strong rally, as we have been tracking an eerily identcal trading pattern to spring 2012.
But this is all speculation. I think with a bearish report, we still see 2.60 hold and rally. As long as we close above 2.60 tomorrow, bulls still look good and hope for the rally Friday.
FYI, last year during this retrace, NG made a low Tuesday, tested Wednesday, rallied Thursday showing some strength pre report. This rally was a mind blowing 14% and was sparked after a reported injection of 67 vs 72 estimate.
Stockpiles same time 2012 were also 27% higher than same time this week. 2744 vs 1989.
History Repeats As Crude & Nat Gas Drop us a Gift.
http://bit.ly/1M2HWvm
dwti looks good until Crude hits 57-58 area. then go lone crude for new highs.
Just fell back in channel I mentioned in article. sold half my dwti from this morning at 64. will keep rest looking for correction to 57.5+ area. Still holding large uwti and will add substantially closer to there.
Like in 2008, look for the MA50 to propel us out of may channel to 2015 highs.
History Repeats As Crude & Nat Gas Drop us a Gift
http://bit.ly/1M2HWvm
trying to get 1.87 filled. if we have a bearish report tomorrow we may see 2.6 again. but a great place to buy.
don;t know if we get that low, but somewhere around there i think, yes
I sold half my position, looking to rebuy if we retest lows today or tomorrow.
History Repeats As Crude & Nat Gas Drop us a Gift
http://bit.ly/1M2HWvm
I'm feeling good about Yesterday's action, did a follow up article and for those interested in Crude, included oil as well.
History Repeats As Crude & Nat Gas Drop us a Gift
http://bit.ly/1M2HWvm
unloaded some more ugaz 2.04
yeah you're right, I don't necessarily want a gap up, just want to see it show some strength overseas. I think a pull back is inevitable, just do we hit the 2.80s first or not?
Great clise for ng. Now would like to see them take it higher over night
not for the faint of heart.
i think we're still going to test 2.6 area this week, but If NG can close 2:30 above yesterdays hi. I think we're in real good shape.
The chart i showed from 2012 showed about 10cent rallies off of support. we'll see what happens here at 2.7
unless she blows by 2.72 into the 2.80s you may get another shot, maybe not at 1.80 but close.
you get that other fill?
yes but NG drives UGAZ, and when NG contract traders look at the charts overnight, it should drive the open tomorrow.
A close above 2.672 yesterdays low should confirm bottom in NG
sold my 1.86 from this morning at 1.96. Average now 1.94
Making another move!
NG closes in one hour. If she can close in the green that will be a nice bullish candle.
It didn't break 2.60