UGAZ (3x bullish natural gas ETN) has hit the sole price target of 67.05 has been hit for a quick gain of 11.9% in just over 2 trading sessions. Consider booking partial or full profits and/or raising stops if holding out for additional gains. Overhead resistance levels/potential targets are listed on the 60-minute charts below [...]
The final bounce target on /NG (natural gas futures) has effectively been hit with a high of 2.924 in early trading today which correlates to a high of 69.44 in UGAZ so far in today's pre-market session. UGAZ is still trading above the sole price target of 67.05, currently about 14% above the entry price [...]
The initial target zone on /NG (natural gas futures) that was posted in the comments section below Friday's UGAZ Trade Setup & Entry post has been hit in the overnight & early morning trading session with the typical reaction/pullback in nat gas so far. Ideally the 2.81 minor support level will contain this pullback followed [...]
The following notes & chart outline the entry criterion, price target, suggested stop & beta-adjusted position size for a swing trade in UGAZ, 3x bullish natural gas ETN.
This video covers trade setups on the following securities that appear to be setting up as long swing trade & potential trend trading opportunities. Covered in the following order are; GE (General Electric Co.), UGAZ & /NG (3x bullish natural gas ETN & futures), AOBC (American Outdoor Brands Corp FKA Smith & Wesson Holding Co) [...]
Natural gas futures (/NG) put in a divergent high on the 60-minute time frame in last night's trading session, so far reversing just shy of the 3.11ish resistance level. Maybe we get one more thrust up to test that resistance level again soon, maybe not. My preferred scenario at this time has natural gas reversing [...]
Member @woltertm requested an update on UGAZ (3x bullish natural gas ETN) in the trading room & as I still think that natural gas prices are at or near a bottom, I figured that I would post an update on the front page. UGAZ was posted in the trading room as a trade idea with [...]