Polar Vortex Trade
Every winter in the Eastern United States,
the polar vortex trade becomes the big winner in Natural Gas
once the weather services identify the timing.
Looking at UNG, you can see on the chart the cup basing pattern proceeding the move,
and this weekend you can note the 20% upside breakout in price, as traders commit to price.
The move in Natural Gas Futures shows a similar % move, rising sharply from $3 to $4
My advise here for those who might wish enter long on UNG
is to wait for a sharp pullback back towards $15 Support
It may take a while to get there, but risk reward
favors a continued sharp upside seasonal move,... that looks to be just getting started.
UNG 18.03 Close
12/30/24
THE_UNWIND
WOODS OF CONNECTICUT
the polar vortex trade becomes the big winner in Natural Gas
once the weather services identify the timing.
Looking at UNG, you can see on the chart the cup basing pattern proceeding the move,
and this weekend you can note the 20% upside breakout in price, as traders commit to price.
The move in Natural Gas Futures shows a similar % move, rising sharply from $3 to $4
My advise here for those who might wish enter long on UNG
is to wait for a sharp pullback back towards $15 Support
It may take a while to get there, but risk reward
favors a continued sharp upside seasonal move,... that looks to be just getting started.
UNG 18.03 Close
12/30/24
THE_UNWIND
WOODS OF CONNECTICUT
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.