{"id":145615,"date":"2019-04-11T11:30:51","date_gmt":"2019-04-11T15:30:51","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=145615"},"modified":"2019-04-11T10:45:28","modified_gmt":"2019-04-11T14:45:28","slug":"natural-gas-continues-to-offer-opportunities-for-longs","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/natural-gas-continues-to-offer-opportunities-for-longs\/","title":{"rendered":"Natural Gas Continues To Offer Opportunities for Longs"},"content":{"rendered":"
April 11, 2019<\/div>
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By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

Historically, April has been a pretty consistent upside opportunity in Natural Gas for over 20 years.\u00a0 Over the past 24+ years, the upside opportunity in Natural Gas has been accurate over 68% of the time with the average upside potential ranging from $0.60 to $0.85.\u00a0 With Natural Gas sitting down near recent lows and seeing as though we are still fairly early in the month of April, our researchers believe the opportunity still exists for some quick profits in UNG with an upside move from below $23.95 to a target level of $26 to $28 (roughly +9 to +18%).<\/p>\n

The downside risk is rather limited with clear support visible below the recent lows (near $22.75) and a historical likelihood of any further downside price swing being below 33%.\u00a0 Our research team believes an opportunity to establish new longs in UNG below the current Daily price gap (below $23.50) would be ideal.<\/p>\n

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Historical data mining shows that average upside rallies at this time of the year are typically ranging just below $1.\u00a0 Thus, the upside potential for this move being about +9 to +12% should be sufficient for quick profits.\u00a0 Skilled traders can hold a small portion of the trade for any potential run beyond these initial target levels, but we caution traders that $28.50 to $29.00 is an area of strong resistance. Our last trade in natural gas with subscribers netted us 30% profit in UGAZ within 10 days back in February.<\/p>\n

Our research team is still waiting for the Daily Upside Gap to fill with prices below $23.50 before we look to enter any new trades.\u00a0 We have been patiently waiting for the bottom in Natural Gas to form knowing that we have this trade setup with a relatively high success rate.\u00a0 Keep an eye on Natural Gas and look for any good entries below $23.50 in UNG \u2013 the deeper the better.\u00a0 Our Fibonacci modeling systems are already suggesting a bottom has set up and any upside price move above $24.30 will likely prompt a bigger rally towards $26 to $28.<\/p>\n

Are you ready for this next move?\u00a0 Want to know how we can help you find and execute better trades?\u00a0 55\u00a0years of combined experience in researching and trading makes\u00a0analyzing the complex and ever-changing financial markets a natural process. We have a simple and highly effective way to provide our customers with the most convenient,\u00a0accurate, and\u00a0timely market forecasts available today.\u00a0Our\u00a0stock and ETF trading alerts\u00a0are readily\u00a0available through our exclusive membership service via email and SMS text. Our newsletter,\u00a0Technical Trading Mastery book, and\u00a0Trading Courses\u00a0<\/span>are designed for both traders and investors. Also, some of our strategies have been fully automated for the ultimate trading experience.<\/p>

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<\/div>\n

Chris Vermeulen<\/p>\n

TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By TheTechnicalTraders.com Historically, April has been a pretty consistent upside opportunity in Natural Gas for over 20 years.\u00a0 Over the past 24+ years, the upside opportunity in Natural Gas has been accurate over 68% of the time with the average upside potential ranging from $0.60 to $0.85.\u00a0 With Natural Gas sitting down near recent lows […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-145615","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=145615"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145615\/revisions"}],"predecessor-version":[{"id":145616,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145615\/revisions\/145616"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=145615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=145615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=145615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}