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Trade NG With Bullish Formation

By Satendra SinghCommoditiesJan 22, 2019 12:55PM ET
www.investing.com/analysis/trade-ng--etf-ugaz-with-bullish-formation-amid-whipsaw-moves-200378019
Trade NG With Bullish Formation
By Satendra Singh   |  Jan 22, 2019 12:55PM ET
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I’ve found an important formation in natural gas (NYSE:UGAZ), which is about to complete in the daily chart of natural gas. I would call it Cup with Handle. Secondly, a sudden spurt in trading volumes with formation of green candle in a daily chart is evident enough for completion of this bullish formation till January 28th, 2019. I find any dip below the current levels will provide good chance from the level of $37 to go long with immediate target of $105 till mid-February 2019. I find that growing volatility in Natural Gas futures price during this period may provide a good opportunity to bargain hunters for going long in Natural Gas ETF.

Natural Gas
Natural Gas

Natural Gas
Natural Gas

Disclaimer

1. This content is for information and educational purposes only and should not be considered as an investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital be involved which you are prepared to lose.

2. Remember, YOU push the buy button and the sell button. Investors are always reminded that before making any investment, you should do your own proper due diligence on any name directly or indirectly mentioned in this article. Investors should also consider seeking advice from an investment and/or tax professional before making any investment decisions. Any material in this article should be considered general information, and not relied on as a formal investment recommendation.

Trade NG With Bullish Formation
 
Trade NG With Bullish Formation

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Trader Trader
Trader Trader Feb 15, 2019 11:11AM ET
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Today is Feb. 15, 2018 which is Mid Feb. UGAZ is nowhere near $105 you have wrote in your column. You can write a disclaimer but people do listen to so called professional analysts and many do follow their recommendations. Is your job here to bankrupt people? You are doing a great job if that is the purpose of your column.
Weather Man
Weather Man Feb 04, 2019 8:57AM ET
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Scary stuff! Buying NG because of squiggly lines! So how did this work out?
Natty Crude
Natty Crude Jan 23, 2019 12:33AM ET
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Mr.Singh while i understand your reasons for being bullish (cup and handle) On UGaz, what about the price of the underlying commodity itself ? Arent we putting the cart in front of the horse here?
Imad Bitar
Imad Bitar Jan 23, 2019 12:33AM ET
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His blog is for Entertainment only LOL
Otgonbayar Suren
Otgonbayar Suren Jan 22, 2019 11:33PM ET
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Great and bold a call
Sara Garr
Sara Garr Jan 22, 2019 8:47PM ET
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You all are so mean. Its just his opinion, he is not forcing anyone to follow his advice. All DYOR before investing
Baby Shark
Baby Shark Jan 22, 2019 8:47PM ET
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He continues to give an opinion that is incorrect. Inexperienced traders may think he’s some type of expert because he wrote an article and trade based his opinion which wouldnlose them money
Sara Garr
Sara Garr Jan 22, 2019 8:47PM ET
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Baby Shark well following anyone advice whether online or in person without doing your own research is stupid. it would be their fault not his
Baby Shark
Baby Shark Jan 22, 2019 7:52PM ET
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There goes the price of ng. His break out predicted for yesterday Did not go well
Daniel Zysko
Daniel Zysko Jan 22, 2019 4:50PM ET
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So far bearish zone .Stoll no eruption
Alejandro Rosario
Alejandro Rosario Jan 22, 2019 4:19PM ET
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Mr singh should i put all my savings in NG?
Trit Nimo
Trit Nimo Jan 22, 2019 4:19PM ET
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Haahhahahaha.
Steven Sarkis
Steven Sarkis Jan 22, 2019 4:19PM ET
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I already put in 25% of my savings into UGAZ based on his chart with the pretty colors. Question is should I try some more?
tew ben
tew ben Jan 22, 2019 4:19PM ET
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Steven Sarkis For a try yes, but not do it seriously
 
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Disclaimer: This analysis is purely based on the technical observations. I do not have any position in Natural Gas. One can create position in Natural Gas at his/her own risk.
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