by Tom Pizzuti | Oct 14, 2017 | Energy, Premium
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.
by Tom Pizzuti | Aug 28, 2017 | Energy, ETFs, Premium
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.
by Admin | Jul 12, 2017 | Energy, Public
We are watching natural gas prices very closely right now. The technical picture makes a strong case to expect a reversal and rally soon.
by Admin | Jul 10, 2017 | Energy, Premium
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 couple weeks. At this scale, little has changed from the last time I...
by Admin | Jun 18, 2017 | Energy, Premium
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 another corrective have that will push to a new low. Even if this proves...
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 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 | 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 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 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...
