Natural Gas via UNG

UNG, the ETF that tracks natural gas, has elected to take the alternate path from when I last posted these charts by pushing to a new low under that of the 2016 low. The dominant cycle has shifted a...

Natural Gas via (UNG) 2017-10-14

The outlook for UNG has not changed over the last few months. It has failed to rally much but then hasn't fallen either. Still favor a bounce that can test the highs from last year.

Natural Gas (via UNG) 2017-08-28

Updated weekly chart but very little change from the earlier post here which you should read as a reminder of the possibilities. The most noteworthy difference is that the cycle detection is focusing on a shorter cycle which has the ideal low at the end of September.

Natural gas set to bounce

We are watching natural gas prices very closely right now. The technical picture makes a strong case to expect a reversal and rally soon.

Natural Gas via (UNG) 2017-07-10

The dominant weekly cycle in UNG is bottoming out now and starts to turn up into early 2018 making it interesting to see if a higher low or test of the previous 2016 low takes place over then next...

Natural Gas via (UNG) 2017-06-18

In general, have been thinking that natural gas has been feeling its way to a higher low to that of 2016 and still think that is the case. The alternate count is that the late 2016 high was yet...

Natural gas via (UNG) 2017-05-19

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...

Natural Gas via UNG 2017-04-07

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...

Natural Gas via (UNG) 2017-02-28

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...

Natural Gas via (UNG) 2017-02-02

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...

Natural Gas via UNG

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...