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Natural Gas – February 12, 2024
Posted on February 12, 2024 Leave a Comment
The Monthly (continuous contract) Natural Gas pattern has failed. CTRL-ALT – DEL UNG: expect support in/around 10-12, wait for a WEEKLY/MONTHLY signal reversal and BUY. Take note of the RSI – haven’t pulled this rabbit out of the hat in a long time but – someone take a look and check on me – but […]
Natural Gas – November 28, 2023
Posted on November 28, 2023 Leave a Comment
Natural Gas is at a very key junction w/ regard to price and a bullish move. This is based on the MAJOR buy pattern on the monthly shown below. That pattern hit w/ both PRICE and TIME and that is the reason this “huge support” shown is such a big deal on the Nat Gas. […]
UNG – July 6, 2023
Posted on July 6, 2023 Leave a Comment
Last post on UNG/Nat Gas: https://atomic-temporary-44460632.wpcomstaging.com/2023/04/04/natural-gas-ung-april-4-2023/ Looks like a pretty clear 5 waves up that doesn’t break any rules … and now a nice 3 wave correction for the buys zone in the 6.60 “area.” Again, this entire thesis is predicated on the long term MONTHLY PATTERN of the Natural Gas Futures below. We “should” […]
Natural Gas/UNG – April 4, 2023
Posted on April 4, 2023 3 Comments
Last Post: https://atomic-temporary-44460632.wpcomstaging.com/2023/03/20/natural-gas-ung-march-20-2023/ Well, the pain cave continues as I’m keeping my position and searching for a “low” in UNG. I’ve updated the count because recent price action has gone below the low made in 2021 (UNG) but, as you can see, the futures has not broken below the low. UNG and the futures “try” […]
Natural Gas/UNG – March 20, 2023
Posted on March 20, 2023 2 Comments
Last post on Natural Gas: https://atomic-temporary-44460632.wpcomstaging.com/2023/02/24/natural-gas-part-ii-february-24-2023/ Last post on UNG: https://atomic-temporary-44460632.wpcomstaging.com/2023/03/13/ung-march-13-2023-update/ I am using UNG as a proxy for Natural Gas futures. Here’s the picture on Nat Gas (hourly) continuous futures: As you can see, we are about to hit or have hit some very important support. An ABCD, 1.27 extension and the .786. We […]
UNG – March 13, 2023 (update)
Posted on March 13, 2023 Leave a Comment
Last post on Natural Gas: https://atomic-temporary-44460632.wpcomstaging.com/2023/02/24/natural-gas-part-ii-february-24-2023/ That gap down was a bummer … but, we have found support and bounced nicely. As you can see above, any move higher will run into the wall of China above (big gap) and probably fail the first or second time. But, obviously, we want it to close up […]
Natural Gas Part II-February 24, 2023
Posted on February 24, 2023 3 Comments
This morning I posted the “measured move” on the Continuous Contract Nat Gas Futures from a monthly scale. Here is the link: https://atomic-temporary-44460632.wpcomstaging.com/2023/02/24/natural-gas-february-24-2023/ Measured Moves are the most underutilized YET most POWERFUL tool in our toolbox. I think people don’t use them because they clutter their charts w/ lagging, coincident indicators … moving averages, bollinger […]
Natural Gas – February 24, 2023
Posted on February 24, 2023 3 Comments
It’s been a while since I blogged about Natural Gas. And, what a ride it has been …because those of you who have been following me for a while, know that I got into UNG around 9 bucks almost two years ago and -GUESS WHAT – I’m still holding it! Yes, probably the dumbest thing […]
UNG update
Posted on December 15, 2021 Leave a Comment
well, if your along for this ride you might start questioning the long thesis – I’m not there, yet, due to my entry down in/around the low 9’s … but, certainly looks heavy. for now, we stand w/ our thesis that the low 89’s was a major low and this is a retracement in a […]
UNG – Natural Gas – catch the next wave?
Posted on November 9, 2021 Leave a Comment
last post on NAT GAS / UNG: https://atomic-temporary-44460632.wpcomstaging.com/2021/11/01/ung/ the game plan/strategy is to BUY the first PATTERN in a “new” trend and if it works then probability is that the trend change is real … Energy, Ags, etc. are exploding of late and GLOBAL shortages that are becoming apparent pretty much every day are REAL. […]
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