Category: Natural Gas
The analysis published under this category are as follows.
Monday, April 13, 2009
Natural Gas UNG ETF Shorts Running on Borrowed Time / Commodities / Natural Gas
By: Mike_Paulenoff
The saga continues in the U.S. Natural Gas Fund ETF (NYSE: UNG) as the price structure perpetuates a profile of making marginal new all-time lows but fails to follow-through on the downside and then stages a recovery bounce. The problem is that the recent rally attempts have failed to hurdle any meaningful resistance levels (such as 15.50), which leaves the UNG still stuck within its dominant downtrend despite its loss of downside momentum since late March.
Tuesday, April 07, 2009
LNG The Energy Boom Everyone Forgot About / Commodities / Natural Gas
By: Q1_Publishing
“See that field over there…by the ocean? That's where it will be. These projects are going to bring prosperity to my country my American friend.”
That's what my guide told me. I was in Papua New Guinea at the time looking into an energy boom the whole world seems to have forgotten about. The way things are shaping up though this is the time to start thinking about it again.
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Thursday, March 26, 2009
Platform for Recovery in Natural Gas UNG ETF / Commodities / Natural Gas
By: Mike_Paulenoff
Although the market's reaction to this morning's inventory data triggered a 9% sell-off in the U.S. Natural Gas Fund ETF (NYSE: UNG), I consider the action as part of a larger developing base formation between 18.00 and 15.50 that must occur prior to the completion of the “equilibrium” period, after which Mr. Market will begin discounting a shift in the supply-demand dynamics that lifts prices. From a technical perspective, the 16.00 area provides excellent symmetrical support within the developing base, which should provide the platform for a recovery into the 17.50 to 18.00 initial target zone.Read full article... Read full article...
Thursday, March 12, 2009
Natural Gas UNG ETF Oversold / Commodities / Natural Gas
By: Mike_Paulenoff
My near, intermediate, and longer-term work in the U.S. Natural Gas Fund ETF (NYSE: UNG) is so oversold and is screaming for a very powerful recovery rally period that should propel prices to a minimum of 20.00 and more than likely to 25.00 in the upcoming days/weeks. The enclosed chart pattern argues strongly that the most recent downleg from the 1/06 high at 25.98 ended this morning at a new bear market low of 15.48, and that a recovery rally period is in its initial stages. Read full article... Read full article...
Monday, February 09, 2009
Natural Gas UNG ETF in Completed Bottoming Formation / Commodities / Natural Gas
By: Mike_Paulenoff
The daily chart of the U.S. Natural Gas Fund ETF (NYSE: UNG) argues strongly that the price structure has completed a rounded 2-3 week bottoming formation that should propel prices towards a confrontation with the 6-month resistance line(s) at 21.20-22.00 in the upcoming hours/days. The UNG needs to hurdle and sustain above 22.40 to trigger more meaningful buy signals that will indicate that an intermediate-term low has been established. Read full article... Read full article...
Monday, February 02, 2009
Natural Gas ETF UNG Significant Low? / Commodities / Natural Gas
By: Mike_Paulenoff
The bull trap (failed upside breakout) above 19.00 on Friday was followed by a stair-step decline that pressed the US Natural Gas Fund ETF (UNG) to a new all-time low this morning at 17.76, which from my technical perspective either represents the conclusion of the entire downleg from the 1/06 recovery high at 25.83 -- ahead of the start of a powerful rally period -- OR initiation of a new downleg that will press the UNG towards 15.00. Read full article... Read full article...
Wednesday, November 26, 2008
Natural Gas Makes Significant Intermediate Term Bottom / Commodities / Natural Gas
By: Mike_Paulenoff
Could it be? That today's action in the US Natural Gas Fund ETF (AMEX: UNG) represents another coordinate low within a series of lows that will comprise a significant intermediate-term bottom? So far, that is exactly what appears to be unfolding. On a daily chart (not shown), today's upmove has the makings of a key upside reversal day, the first such very positive technical indication on a daily chart basis since the bottoming action started on November 14. Nonetheless, to REALLY get anything going on the upside, the price structure must hurdle and sustain above 28.60/80 resistance, which should trigger upside follow-through towards my next optimal target of 30.50-31.00. Read full article... Read full article...
Monday, November 24, 2008
Potential Double-Bottom for Natural Gas / Commodities / Natural Gas
By: Mike_Paulenoff
Let's notice that the action during November in the US Natural Gas Fund ETF (AMEX: UNG) has created a potential double bottom formation. That said, however, purely from a technical perspective, the price structure must hurdle and sustain above 28.70 to trigger the upside potential of the pattern, which would project to the 31.00 target zone. A climb above 28.70 also will position the price structure to break the back of the November downtrend, now at 29.25.Read full article... Read full article...
Thursday, September 18, 2008
Natural Gas Heading for Seasonal Low? / Commodities / Natural Gas
By: Chip_Hanlon
The following was posted on my blog, Hanlon's Pub , on Thursday morning: In mid-July, I warned that natural gas prices were likely to head lower under typical seasonal pressure, but how's it acting now?
At first glance it looks like gas may be making yet another late summer low, just as it has done in every normal year this decade. I say "normal" year because natural gas didn't make a late-summer low in '05, but that was due to Hurrican Katrina. Take a look:
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Friday, September 05, 2008
Bullish Pattern Developing for Natural Gas ETF / Commodities / Natural Gas
By: Mike_Paulenoff
The U.S. Natural Gas ETF (AMEX: UNG) has come off its recovery high this morning at 34.54. The pattern carved out from yesterday's new corrective low at 32.30 is very constructive and argues for still more strength. The anticipated next upleg should hurdle key near-term resistance at 34.50/55 on the way to 36.50.Read full article... Read full article...
Thursday, August 28, 2008
Natural Gas Constructive Bullish Pattern / Commodities / Natural Gas
By: Mike_Paulenoff
Purely from a technical perspective, U.S. Natural Gas Fund (AMEX: UNG) weakness after its pre-open high at 41.00 to 38.91 represents a "gap-filling" expedition"' -- at least, so far. The fact that selling pressure filled the entire up-gap this morning and then buyers re-emerged to push up prices to 39.62, as we speak, warns us that the action is a correction within an underlying advance off of Monday's low at 35.67. As of this moment, the UNG pattern remains constructive within the overriding bullish potential indicated by hurricane Gustav.Read full article... Read full article...
Thursday, May 22, 2008
Natural Gas ETF Reverses Upwards / Commodities / Natural Gas
By: Mike_Paulenoff
After coming within about $0.30 of getting stopped out this morning on the US Natural Gas ETF (AMEX: UNG), lower-than-expected natural gas inventories reversed price direction, which rocketed the price structure to new highs at 56.42. With today's spike low at 54.67, and yesterday's spike low at 54.42, we know where the stops belong. As for the upside potential from current levels, my overall technical work indicates that the UNG still has more upside ahead, into the 57.00 target zone next -- as long as 54.67/42 support remains intact.Read full article... Read full article...
Monday, May 19, 2008
Natural Gas Failing to Bounce off Support Suggests Trend Reversal / Commodities / Natural Gas
By: Mike_Paulenoff
Interesting situation is developing in the UNG because the price structure pressed from last week's failed highs in and around 56.30 right to a test of the March- May support line at 53.00, which thus far has contained any further weakness. HOWEVER, let's notice that each time prices neared the channel support line, they reversed to the upside SHARPLY- to start a new upleg. So far, THIS TOUCH OF THE SUPPORT LINE HAS ELICITED A VERY MODERATE UPSIDE RESPONSE SO FAR, which could be indicative of an exhausted market, or a just a delayed response.Read full article... Read full article...
Monday, May 12, 2008
Natural Gas Overbought / Commodities / Natural Gas
By: Mike_Paulenoff
Yes, the US Natural Gas ETF (AMEX: UNG) is a roaring bull move off of its 2007 Double Bottom in the low 33 area. Yes, the upmove off of the base area (45.00-34.00) has been powerful to say the least, but it also has fulfilled its measured target zone in the vicinity of 55.00. This does NOT mean that the UNG cannot or will not continue higher; however, when coupled with the glaring daily (and weekly) RSI negative momentum divergences, the fulfilled upside potential of the UNG pattern takes on more interesting dimensions.Read full article... Read full article...
Wednesday, May 07, 2008
Anticipating a Top in Natural Gas / Commodities / Natural Gas
By: Mike_Paulenoff
I am anticipating the establishment of a meaningful top in the U.S. Natural Gas Fund ETF (AMEX: UNG) in the vicinity of 53.00-55.00 in the upcoming days/weeks. Both my pattern and momentum work indicate that such a top is in development at this time, but that does not preclude the UNG from climbing to marginal new highs above 55.06 during the process.Read full article... Read full article...
Tuesday, April 29, 2008
Natural Gas ETF Points to Down Trend / Commodities / Natural Gas
By: Mike_Paulenoff
Yesterday's up-gap spike to new highs above 55.00 in the U.S. Natural Gas Fund ETF (AMEX: UNG) followed by a close near the low of the session, which then was followed by a gap down opening this morning and a plunge to the 52.00 area, not only satisfied a multi-month upside swing target off of the Sept-Dec '07 base formation but it also left behind (for now) an exhaustion Island Reversal at the very top of the advance. Usually, such an exhaustion signal identifies a significant price peak and a near-term reversal in trend direction. Such is the case in the UNG, which now points lower towards 50.00 next, on the way to 48.00 thereafter.Read full article... Read full article...
Saturday, April 26, 2008
Investment Opportunities in Natural Gas Service Companies / Companies / Natural Gas
By: Hans_Wagner
To beat the market investors it often makes sense to invest in companies that support the companies that are most directly involved in a top performing sector. The Energy sector has outperformed the S&P 500 for several years. An earlier article examined the key issues driving opportunities in natural gas in the U.S. Natural gas is the cleanest burning fuel and is now trading at a lower cost relative to oil. Demand for natural gas should continue to expand, driven by substitution for coal to generate electricity and for heating. Natural gas is also being used by government and corporate fleets, as it is a lower cost and cleaner fuel.Read full article... Read full article...
Thursday, March 06, 2008
Natural Gas Pushing Highs / Commodities / Natural Gas
By: Mike_Paulenoff
Although my next optimal near-term target zone in the U.S. Natural Gas Fund ETF (AMEX: UNG) is 49.50-50.00, the larger pattern is so bullish and has so much upside potential that I will not be surprised to see the price structure accelerate to the upside in a vertical assault on the 56.00 to 58.00 measured intermediate-term target zone. Frankly, I am eyeballing 50.00 as a viable exit area for my current long (model portfolio) position, but if and when we approach the nearest-term target, I will assess the two-way risks of NOT taking profits sooner rather than later. In the meantime, as we speak the UNG is pushing up against yesterday's high at 48.12, which should be hurdled and should trigger the upmove to 50.00. Read full article... Read full article...
Wednesday, March 05, 2008
Natural Gas Unseasonal Price Rise. Why is it Rising? / Commodities / Natural Gas
By: Donald_W_Dony
Something is happening to natural gas that should occur at this time of the year; it is rising. This commodity normally starts to strengthen early in the 4th quarter or, to a lesser degree, advance during the summer months. But rallying in between these higher demand periods is certainly unique, and more importantly, breaking through the solid price resistance level of $9.00 is very unexpected. So, what is driving this natural source higher? Read full article... Read full article...
Thursday, February 14, 2008
Natural Gas Looks Undervalued - How to Invest in Gas / Commodities / Natural Gas
By: Money_and_Markets
Sean Brodrick writes: I've been pounding the table about oil recently, and now that Venezuelan strongman Hugo Chavez may turn off the taps, many oil investments are soaring.
But did you know that there is an energy play that is still dirt cheap?
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