Thursday Outlook: Commodities, Global Markets [View article]
Macro_Max:
Ditto on the SLV request. A few weeks ago, the Oil/Gas ratio hit some record highs. I thought that gas had to rise or that oil had to come down. Turns out the latter came to fruition, and UNG is hitting a new round of lows.
Question is, will gold (and GLD) come down, or is silver (SLV) due for a bounce?
Wednesday Outlook: Commodities, Global Markets [View article]
Doubleshortetf:
Thanks for the info, and good luck with your trade. You got in at a really good price if the supports hold. Given the manufactuing activity in the USA right now, UNG could move sideways for awhile.
Wednesday Outlook: Commodities, Global Markets [View article]
David:
Thanks for the UNG chart with comments, and also the post last time that one commentor included the Barron's article relating to the oil/gas ratio being at historical highs. Looking at the volume spikes for UNG, and as you alluded to, it appears that lots of folks are putting shares away for a rainy day. Anyone want to speculate what it will take to pin-prick this ratio bubble? Oil going down? Natural gas going up? Or ... Obama, are you listening?
Right now, given the price and HUGE volume over the past two trading days, UNG is the way to go. If oil keeps going up, at some point, natural gas has to catch up. Thoughts?
The S&P has been going sideways for awhile which leads me to believe that there will be another break out. If the market does break out, then start shorting as the S&P approaches 1000.
Friday Outlook: Commodities, Global Markets [View article]
Sorry for the last post; WTIC was covered for the breakout in light sweet crude. But, question stil stands regarding UNG. Have we bottomed with natural gas?
Friday Outlook: Commodities, Global Markets [View article]
David: I'm surprised you didn't cover oil and gas in the charts today. USO has had a breakout to the upside from its trading range, and UNG is looking like it wants to follow, although it's retrenching from its big gain yesterday.
Natural Gas ETF Jumps on No News - Turning Point? [View article]
HartToLove:
Thanks for you comments. I'm in agreement with you regarding UNG's recent advance and a prediction of a "small pullback" for several reasons. (1) the price of UNG has come down so far to the point of being dramatically oversold; (2) the price of gasoline has jumped quite a bit in the last week (at least here in Connecticut), thereby confirming support for oil's advancement into the high fifties (I know, it usually goes the other way around - oil goes up and gasoline goes up, especially when we are now in the summer months); (3) BO's clean energy thinking and resulting policy; (4); and technically, there are windows or gaps in the price range of UNG over the last few days. If those gaps hold and are not "filled in," then it will really confirm a true turn-around and breakout.
See what happens tomorrow and Wednesday and then I'll buy in. I'm both a long and short trader, but of course, always looking for the best entry price.
Thursday Outlook: Commodities, Global Markets [View article]
With the first gap filled on EWZ, is it too optimistic to think that the second gap of 55-56 is next? I'm looking at the MACD, and it looks like it has room to run.
Wednesday Outlook: Commodities, Global Markets [View article]
Ditto. The easy money's been made. Be interesting to see how GLD and SLV shake out. Copper is still going strong and FCX continues to maintain on the high said relative to where it's been.
People Still Need to Eat: Fertilizer Stocks Oversold [View article]
Are prices for potash $/ton falling, and if they are, isn't that squeezing margins? But the huge drop in POT, AGU and MOS seems like a strong buy. AGU's PE is now 6.39
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Latest | Highest ratedThursday Outlook: Commodities, Global Markets [View article]
Ditto on the SLV request. A few weeks ago, the Oil/Gas ratio hit some record highs. I thought that gas had to rise or that oil had to come down. Turns out the latter came to fruition, and UNG is hitting a new round of lows.
Question is, will gold (and GLD) come down, or is silver (SLV) due for a bounce?
Artistes
Wednesday Outlook: Commodities, Global Markets [View article]
Thanks for the info, and good luck with your trade. You got in at a really good price if the supports hold. Given the manufactuing activity in the USA right now, UNG could move sideways for awhile.
Artistes
Wednesday Outlook: Commodities, Global Markets [View article]
Thanks for the UNG chart with comments, and also the post last time that one commentor included the Barron's article relating to the oil/gas ratio being at historical highs. Looking at the volume spikes for UNG, and as you alluded to, it appears that lots of folks are putting shares away for a rainy day. Anyone want to speculate what it will take to pin-prick this ratio bubble? Oil going down? Natural gas going up? Or ... Obama, are you listening?
Artistes
Market Update, Friday Night Edition: Commodities, Global Markets [View article]
I'm glad you noticed UNG and its questionably "worthless" movement. Can you or anyone else shed any light on the huge volume spike this past week?
Artistes
Tuesday Outlook: Commodities, Global Markets [View article]
Curious ... at what price of UNG do you have the 200 day moving average? My 90 day moving average is at 16.15.
IMHO, UNG is about to make a double bottom thereby propelling this EST to $20 on a near term basis. Could be wrong, but look at the volume statistics.
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The S&P has been going sideways for awhile which leads me to believe that there will be another break out. If the market does break out, then start shorting as the S&P approaches 1000.
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Friday Outlook: Commodities, Global Markets [View article]
Friday Outlook: Commodities, Global Markets [View article]
Any thoughts on whether UNG will follow USO up?
Natural Gas ETF Jumps on No News - Turning Point? [View article]
Thanks for you comments. I'm in agreement with you regarding UNG's recent advance and a prediction of a "small pullback" for several reasons. (1) the price of UNG has come down so far to the point of being dramatically oversold; (2) the price of gasoline has jumped quite a bit in the last week (at least here in Connecticut), thereby confirming support for oil's advancement into the high fifties (I know, it usually goes the other way around - oil goes up and gasoline goes up, especially when we are now in the summer months); (3) BO's clean energy thinking and resulting policy; (4); and technically, there are windows or gaps in the price range of UNG over the last few days. If those gaps hold and are not "filled in," then it will really confirm a true turn-around and breakout.
See what happens tomorrow and Wednesday and then I'll buy in. I'm both a long and short trader, but of course, always looking for the best entry price.
Natural Gas ETF Jumps on No News - Turning Point? [View article]
Thursday Outlook: Commodities, Global Markets [View article]
Wednesday Outlook: Commodities, Global Markets [View article]
People Still Need to Eat: Fertilizer Stocks Oversold [View article]