Category: Natural Gas
The analysis published under this category are as follows.
Tuesday, August 18, 2009
While Hurricane Threatens Supply, Low Demand Keeps Natural Gas and UNG ETF Cheap / Commodities / Natural Gas
By: Mike_Paulenoff
So it is hurricane season again in the Gulf of Mexico, and what is happening to natural gas prices -- and the U.S. Natural Gas Fund ETF (NYSE: UNG)? Nuttin! Absolutely nuttin! Huh? How can such a cheap commodity get EVEN cheaper given such a threat to supply? Just maybe the problem is NOT supply.
Monday, August 03, 2009
New Upleg in Natural Gas ETF UNG / Commodities / Natural Gas
By: Mike_Paulenoff
Commodities in general, but the oil and gas complex in particular, are very strong in the early going this AM... Let's have a look at the pattern that is emerging in the U.S. Nat Gas Fund ETF (NYSE: UNG). Purely from a technical perspective this morning’s thrust above near-term resistance at 13.15/20 has triggered the ignition of a new upleg that should hurdle and sustain above 14.00 on the way to 14.30, then 15.00/30 thereafter.
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Thursday, July 30, 2009
Worst of Natural Gas Bear Market Behind Us / Commodities / Natural Gas
By: Mike_Paulenoff
The natural gas inventory figures came in more or less as expected, which in this market is a victory! Otherwise, the tame inventory data really should not be a surprise. If we are to believe what my near and intermediate work is telling us, the worst of the gas bear market is behind us, and now we are in the arduous “base-building” phase (measured in weeks) prior to a sustainable powerful upmove.
Thursday, July 23, 2009
Scaling Into the Natural Gas UNG ETF / Commodities / Natural Gas
By: Mike_Paulenoff
After this morning’s marginal new recovery high at 14.00, the U.S. Natural Gas Fund ETF (NYSE: UNG) reversed to the downside in reaction to “in-line” inventory data, which pressed indices to an intraday low so far at 13.25. We initiated a 25% long position in our model portfolio at 13.32. If the UNG is unable to consolidate and lift off from the 13.30/25 area, then I will be looking for another loop down towards 13.00, where we will add another 25% long position.
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Tuesday, July 21, 2009
UNG - United States Natural Gas Fund Trading Update Video / Commodities / Natural Gas
By: INO
In today's video I will be looking at an ETF that closely tracks the natural gas market. The United States Natural Gas Fund (PACF_UNG) is one of the more popular energy ETFs and a could be a great market to add to your portfolio as the "Trade Triangles" are catching profits from the spectacular moves.
Thursday, July 09, 2009
Natural Gas ETF (UNG) Spikes Higher to Key Resistance / Commodities / Natural Gas
By: Mike_Paulenoff
This morning’s better-than-expected natural gas inventory data spiked the U.S. Natural Gas Fund ETF (NYSE: UNG) from around 12.25 to 12.64 before the buyers ran out of energy.Read full article... Read full article...
Thursday, June 11, 2009
Natural Gas UNG ETF Pierces Resistance / Commodities / Natural Gas
By: Mike_Paulenoff
This morning’s slightly better than expected inventory data coupled with continued strength in the oil market has helped to propel the U.S. Natural Gas Fund ETF (NYSE: UNG) from 14.00 to 15.33, which has pierced the May-June resistance line at 15.20. At this juncture, the ability of the UNG to hold its gains above 15.00 will be considered very constructive action. If such proves to be the case, then I will be expecting the UNG to race towards a test of the June 2 high at 16.10 quickly, to complete an impressive near-term (double) bottom.Read full article... Read full article...
Saturday, June 06, 2009
Natural Gas ETF UNG Heats Up / Commodities / Natural Gas
By: Mike_Paulenoff
The U.S. Nat Gas Fund ETF (UNG) was up for most of the session Friday,
closing flat, while the U.S. Oil Fund ETF (USO) closed down more than
three-quarters of a percent. My pattern work is warning me that crude oil
prices are peaking, but that natural gas prices are bottoming. Could that
actually happen?
Thursday, May 21, 2009
Upside Pivot Expected for Natural Gas ETF UNG / Commodities / Natural Gas
By: Mike_Paulenoff
Never a dull moment in the U.S. Natural Fund ETF (NYSE: UNG), right? After watching this crazy market for several years, I still don’t seem to appreciate enough the wicked volatility natural gas is capable of exhibiting on a regular basis. Clearly, no resistance or support level is sacred in the UNG. Having said that, however, IF (and it is always a BIG if) the UNG started a new upleg at the April 30 low of 12.69 and ended the initial upmove of the upleg on May 12 at 17.73, then this deep pullback is a gift to would-be bulls.
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Wednesday, May 13, 2009
Natural Gas Bottom? / Commodities / Natural Gas
By: Q1_Publishing
The market recovery has helped out a lot of sectors. Leading commercial REITs have been raising cash. Funding for high-potential biotech stocks has resumed. Beaten up casino stocks have done exceptionally well.
Wednesday, May 13, 2009
Natural Gas New Big Trend - Fundamental and Technical Report / Commodities / Natural Gas
By: Submissions
Michal Matovcik writes: Ai note: earlier in the day we posted technical setup of natural gas and pointed out that this asset is technically extreme oversold and created rounded buttom. For more, in the last few day we saw the first bullish breakout through resistance. I think that now is the time to look also at fundamentals behind this commodity.
Tuesday, May 12, 2009
Warning Sell Signal for Natural Gas ETF / Commodities / Natural Gas
By: Mike_Paulenoff
Time to take another peak at the U.S. Natural Gas Fund ETF (NYSE: UNG), which is up nearly 40% in the past several sessions (see, every dog has its day!)....
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Monday, May 11, 2009
Natural Gas Panic Selling or Mania Driven Shorting Selling? / Commodities / Natural Gas
By: Captain_Hook
Many are wondering what the heck is going on in the natural gas (NG) market, because if it’s suppose to be such an essential commodity, why does the price keep crashing, especially with stability found in the larger equity complex? To answer this question properly, we must first set the stage with the appropriate background understandings, where because of the extremes in pricing we are seeing here, previous efforts in this regard now appear insufficient. In the first place, in order to fully understand what is occurring here, one must realize that the NG market is now showing all the signs of an extreme manic blow-off, only instead of an upside exhaustion, we are witnessing a ‘selling panic’. In this regard then, the important thing to realize is extremes in speculation and emotion are now in control of this market, not the fundamentals, making it the ‘mania de jour’.
Wednesday, May 06, 2009
Natural Gas UNG ETF in Bullish Formation / Commodities / Natural Gas
By: Mike_Paulenoff
My near-term pattern work in the U.S. Natural Gas Fund ETF (NYSE: UNG) indicates that 1) the upmove from the double bottom at 12.69 exhibits bullish form into today’s high at 15.09, and 2) that the initial upleg of a very powerful recovery advance has started – that should climb into the 15.25/50 area at most before the UNG should enter a downside corrective move. If such a scenario unfolds, then the next loop down, from 15.40 (for example) to 14.00 (let’s say) should set up an extremely bullish entry window ahead of a vertical liftoff towards 18.00.
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Friday, May 01, 2009
Natural Gas UNG ETF Gets a Lift / Commodities / Natural Gas
By: Mike_Paulenoff
In sympathy with today’s upmove in crude oil, natural gas prices have lifted, too, off of their extremely oversold condition, which also has lifted the U.S. Natural Gas Fund ETF (NYSE: UNG) from yesterday’s Double Bottom low at 12.69 above key near-term resistance at 13.80. Whether or not today’s up-spike is the beginning of a sustainable recovery phase remains to be seen.
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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...