by Admin | May 19, 2017 | Energy, Premium
When I last posted on UNG, we were looking for lower into the daily cycle low and a weekly inflection. Prices have consolidated since then but have failed to pullback much. This behavior can be setting up a strong move higher over the next month or so if the weekly...
by Admin | Apr 17, 2017 | Energy, Premium
Crude will be rolling into June tomorrow thus advance my chart to the June contract. The dominant daily cycle should be peaking over the next few days which along with the contract roll may be putting in an 'a' wave high. You must be logged in as a Daily Analysis or...
by Admin | Apr 7, 2017 | Energy, Premium
When I last visited UNG, I was looking for a low and a turn up with the daily cycle. This has played out and should now look for a retrace lower over the course of several weeks. The monthly cycle has shifted somewhat to the right such that the next inflection is in...
by Admin | Mar 26, 2017 | Energy, Premium
Crude has spent this month falling away from geometric resist and may leak lower yet over the next week or two but is running out of time for this segment of the down leg. A poke under the November 2016 low would be nice while the cycle is blowing the bears direction...
by Admin | Mar 12, 2017 | Energy, Premium
Crude is finally falling away from channel geometry. The path to a new low should not be expected to be a straight line, this is a good start. The ideal cycle low is the week of March 24th which would intersect the median of the channel at approximately 44.60. You...
by Admin | Feb 28, 2017 | Energy, Premium
I have thought that UNG has needed to trade lower but have been watching for a possible low to form late February or early March. A case can be made for the ultimate low to be in April but not comfortable calling for much lower. As you know, I have equivocated a bit...
by Admin | Feb 14, 2017 | Energy, Premium
Remain skeptical about the low made in 2016 being the ultimate low but that doesn't mean modestly higher first is impossible. As you know by looking at the daily posts, I have been equivocating on whether or not wave [iv] is in fact in and the next move lower should...
by Admin | Feb 2, 2017 | Energy, Premium
Natural gas has been moving lower for the last month. The advance from the low last year to the October high did not have an impulsive look and at the time argued for a move to a new low. That was followed by a swift drop in November that failed to make a new low....
by Admin | Jan 26, 2017 | Energy, Premium
Crude has moved up today thus taking this as an opportunity to post monthly and weekly chart. There is no doubt some thinking they are on a verge of a break higher but caution against being overly enthusiastic and think it would be easy for the market to take back the...
by Admin | Jan 17, 2017 | Energy, Premium
I have gone back and forth trying to decide if a new low to March 2016 low is needed and think I have found a way to thread the needle. Net, no, a new low is not required. The advance up from last March to October does not look impulsive and implied an impulse lower...
