Comments on: /NG & UGAZ Natural Gas Breakout https://rightsideofthechart.com/ng-ugaz-natural-gas-breakout/ Stock Trading, Investing & Market Analysis Mon, 04 Oct 2021 18:27:07 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: manookhan https://rightsideofthechart.com/ng-ugaz-natural-gas-breakout/#comment-9839 Tue, 25 Feb 2020 12:31:46 +0000 https://rightsideofthechart.com/?p=195908#comment-9839 Hi Randy, UGAZ is back at the level that it broke out from last week with RSI and MACD to potentially have a bullish divergence if it takes out the low, can you share thoughts on whether this is a good spot to take a starter long?

]]> By: IslaVerde https://rightsideofthechart.com/ng-ugaz-natural-gas-breakout/#comment-9804 Fri, 21 Feb 2020 17:10:19 +0000 https://rightsideofthechart.com/?p=195908#comment-9804 In reply to crlists13.

You will find the data here
https://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm
Go to New York Mercantile for Natural Gas
I remain long since they just started to cover their shorts 2 weeks ago, so room to go up.

]]> By: bunchpr https://rightsideofthechart.com/ng-ugaz-natural-gas-breakout/#comment-9803 Fri, 21 Feb 2020 16:34:47 +0000 https://rightsideofthechart.com/?p=195908#comment-9803 I haven’t yet entered but is it correct that this is no longer a trade idea because UGAZ already blew through the stop?

]]> By: lalitb2288 https://rightsideofthechart.com/ng-ugaz-natural-gas-breakout/#comment-9796 Thu, 20 Feb 2020 19:19:31 +0000 https://rightsideofthechart.com/?p=195908#comment-9796 @rsotc – So, looking at the reversal, is it a failed break out?

]]> By: crlists13 https://rightsideofthechart.com/ng-ugaz-natural-gas-breakout/#comment-9795 Thu, 20 Feb 2020 18:28:14 +0000 https://rightsideofthechart.com/?p=195908#comment-9795 Based on current price, is NG failed break out today? Where do you monitor the short covering volume?

]]> By: IslaVerde https://rightsideofthechart.com/ng-ugaz-natural-gas-breakout/#comment-9793 Thu, 20 Feb 2020 16:50:31 +0000 https://rightsideofthechart.com/?p=195908#comment-9793 Jan 28th Institutional Shorts were at the highest: -539129 / and -261528 net positions.
When the lowest price reached 1.579 in March’16 they even had 70,000 less shorts than today.
They started liquidating their shorts 2 weeks ago.
If history is a guide price can go up to 3.80 before shorts liquidation is complete.

]]> By: TJS https://rightsideofthechart.com/ng-ugaz-natural-gas-breakout/#comment-9792 Thu, 20 Feb 2020 16:48:34 +0000 https://rightsideofthechart.com/?p=195908#comment-9792 Sorry everybody. My bad. I bought in, and the typical thing happened. Everything reversed and now I am in the red. Dragging us all down. LOL

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