Falling Wedge On $UNG

1 de mai. de 2024

Selling pressure may be coming to an end on natgas

Some 10 year NATGAS seasonality charts suggest a bottom by
Mid-April and a top by Mid-June

Similar UNG seasonality charts indicate the same thing

Looking at the June 21st $13 - $14 - $15 & $16 calls

Get some!

1 de mai. de 2024

Nota

Still looking - I may wait a week on this trade.

Let's see if UNG reaches $13.80 - $13.90

Maybe go in next week. Peace

3 de mai. de 2024

Trade ativo

Got the june 21 $14 $15 and $16 calls. Buy alert should show up.

It's broken out of this wedge yo.

Peace

3 de mai. de 2024

Nota

Next week, I may actually add more on any weakness...

I think this is gonna go boom.

Open gaps @ $19 & $21.9

Have a great weekend!

6 de mai. de 2024

Trade ativo

I sold my June 21 $17 calls for a 125% gain
I still have $14 - $15 - $16 calls which are
doing nicely. I feel like there is more room
to run - nat gas to $2.4 to 2.6 levels and
ill start trimming.

14 de mai. de 2024

Trade fechado manualmente

closed positions - nice trade on this breakout

could have more room to go - but cpi and ppi
coming up scares me a bit.

the upper channel on this is $19 to $20. But I
just had to book profits. may entertain a short
position if it reaches that high.

good luck everyone