The UGAZ (3x Long Natural Gas ETF) Active Short Trade gapped below T1 to open at 35.26 today, which is where any standing BTC limit orders on the Active Short Trade would have been filled, thereby providing a 25.5% gain in just 5 trading session. Consider booking partial or full profits and/or lowering stops, depending [...]
The following notes & chart is an update to the Active Trade on UGAZ, the 3x long natural gas ETN) including key support, resistance & price target levels.
The UGAZ (3x long natural gas ETN) official short trade has traded as low as 40.00 so far today in the pre-market session (not reflected on this chart) which is just below the 41.40 support level with $NG (natural gas futures) having hit my initial & minimum downside target of 3.55. That's a 15.4% gain [...]
This update is simply highlighting a few things that stand out right now, most of which have been highlighted in the trading room. First up is natural gas. Several members in trading room are currently trading natural gas, including @joefriday, who has been actively posting charts & updates (thanks JF). That had brought it to [...]
$WTIC (Light Crude Oil spot price) is back-testing the apex of the recently broken bearish rising wedge pattern while the negative divergences on the RSI & MACD continue to build, warning of a likely correction that would bring WTI back to the 42.30-43.00 area. $WTIC daily May 16th $NATGAS (Natural Gas spot [...]
This video covers the near-term outlook for the following securities in this order: QQQ, SPY, MDY, IWM, AAPL, GLD, GDX, UUP, USO & UNG:
UNG (Natural Gas ETF) is a good example of the benefits of swing trading vs. investing. UNG was recently added as a long swing trade based off the 60-minute time frame with the trade was confirmed by bullish developments on the daily charts of UNG & $NATGAS (natural gas spot price). As the 60-minute chart [...]