Natural Gas Bottom Rotation Sets Up New Opportunities
Commodities / Natural Gas Mar 02, 2019 - 11:14 AM GMTOur recent UGAZ trade returned over 30% in profits in just a few days for our members. We believe this continued price rotation below $3 will also setup new trading opportunities for skilled traders. Traders just need to be patient and understand when the opportunity exists in NG for an upside price swing.
The $2.50~2.60 price level has continued to drive historical support in price for over two years now. Until that level is substantially broken, we believe the opportunities for upside price rotation from near these levels is substantial. The immediate upside targets for NG are $2.90 and $3.15. These targets are enough for skilled traders to capture 25~30% returns in the 3x ETFs which is what we did this week in UGAZ. Larger upside opportunities exist with seasonal price pattern, but we are likely 7+ months away from another seasonal rally in NG at this point.
Still, our researchers believe any price level below $2.60 is an excellent buying opportunity with upside targets of $2.90 or higher in NG. Trading the UGAZ ETF can provide incredible opportunities for skilled traders.
If you are bullish on gold, silver, or miners be sure to take a look at our previous gold prediction because it’s playing our as expected based on the US Dollar.
Read all of our published research posts by visiting www.TheTechnicalTraders.com/FreeResearch/ We believe 2019 will be an incredible year of opportunities for skilled traders and have already helped our members find some incredible trades. Isn’t it time you invested a bit into your future success?
Chris Vermeulen
www.TheTechnicalTraders.com
Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic
Through years of research, trading and helping individual traders around the world. He learned that many traders have great trading ideas, but they lack one thing, they struggle to execute trades in a systematic way for consistent results. Chris helps educate traders with a three-hour video course that can change your trading results for the better.
His mission is to help his clients boost their trading performance while reducing market exposure and portfolio volatility.
He is a regular speaker on HoweStreet.com, and the FinancialSurvivorNetwork radio shows. Chris was also featured on the cover of AmalgaTrader Magazine, and contributes articles to several leading financial hubs like MarketOracle.co.uk
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