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Featured Articles: GEMS of the Week
Category: Natural Gas
The news items published under this category are as follows.
Thursday, September 18, 2008
Natural Gas Heading for Seasonal Low? / Commodities / Natural Gas
By: Chip_Hanlon
The following was posted on my blog, Hanlon's Pub , on Thursday morning: In mid-July, I warned that natural gas prices were likely to head lower under typical seasonal pressure, but how's it acting now?
At first glance it looks like gas may be making yet another late summer low, just as it has done in every normal year this decade. I say "normal" year because natural gas didn't make a late-summer low in '05, but that was due to Hurrican Katrina. Take a look:
Read full article... Read full article...
Friday, September 05, 2008
Bullish Pattern Developing for Natural Gas ETF / Commodities / Natural Gas
By: Mike_Paulenoff
The U.S. Natural Gas ETF (AMEX: UNG) has come off its recovery high this morning at 34.54. The pattern carved out from yesterday's new corrective low at 32.30 is very constructive and argues for still more strength. The anticipated next upleg should hurdle key near-term resistance at 34.50/55 on the way to 36.50.Read full article... Read full article...
Thursday, August 28, 2008
Natural Gas Constructive Bullish Pattern / Commodities / Natural Gas
By: Mike_Paulenoff
Purely from a technical perspective, U.S. Natural Gas Fund (AMEX: UNG) weakness after its pre-open high at 41.00 to 38.91 represents a "gap-filling" expedition"' -- at least, so far. The fact that selling pressure filled the entire up-gap this morning and then buyers re-emerged to push up prices to 39.62, as we speak, warns us that the action is a correction within an underlying advance off of Monday's low at 35.67. As of this moment, the UNG pattern remains constructive within the overriding bullish potential indicated by hurricane Gustav.Read full article... Read full article...
Thursday, May 22, 2008
Natural Gas ETF Reverses Upwards / Commodities / Natural Gas
By: Mike_Paulenoff
After coming within about $0.30 of getting stopped out this morning on the US Natural Gas ETF (AMEX: UNG), lower-than-expected natural gas inventories reversed price direction, which rocketed the price structure to new highs at 56.42. With today's spike low at 54.67, and yesterday's spike low at 54.42, we know where the stops belong. As for the upside potential from current levels, my overall technical work indicates that the UNG still has more upside ahead, into the 57.00 target zone next -- as long as 54.67/42 support remains intact.Read full article... Read full article...
Monday, May 19, 2008
Natural Gas Failing to Bounce off Support Suggests Trend Reversal / Commodities / Natural Gas
By: Mike_Paulenoff
Interesting situation is developing in the UNG because the price structure pressed from last week's failed highs in and around 56.30 right to a test of the March- May support line at 53.00, which thus far has contained any further weakness. HOWEVER, let's notice that each time prices neared the channel support line, they reversed to the upside SHARPLY- to start a new upleg. So far, THIS TOUCH OF THE SUPPORT LINE HAS ELICITED A VERY MODERATE UPSIDE RESPONSE SO FAR, which could be indicative of an exhausted market, or a just a delayed response.Read full article... Read full article...
Monday, May 12, 2008
Natural Gas Overbought / Commodities / Natural Gas
By: Mike_Paulenoff
Yes, the US Natural Gas ETF (AMEX: UNG) is a roaring bull move off of its 2007 Double Bottom in the low 33 area. Yes, the upmove off of the base area (45.00-34.00) has been powerful to say the least, but it also has fulfilled its measured target zone in the vicinity of 55.00. This does NOT mean that the UNG cannot or will not continue higher; however, when coupled with the glaring daily (and weekly) RSI negative momentum divergences, the fulfilled upside potential of the UNG pattern takes on more interesting dimensions.Read full article... Read full article...
Wednesday, May 07, 2008
Anticipating a Top in Natural Gas / Commodities / Natural Gas
By: Mike_Paulenoff
I am anticipating the establishment of a meaningful top in the U.S. Natural Gas Fund ETF (AMEX: UNG) in the vicinity of 53.00-55.00 in the upcoming days/weeks. Both my pattern and momentum work indicate that such a top is in development at this time, but that does not preclude the UNG from climbing to marginal new highs above 55.06 during the process.Read full article... Read full article...
Tuesday, April 29, 2008
Natural Gas ETF Points to Down Trend / Commodities / Natural Gas
By: Mike_Paulenoff
Yesterday's up-gap spike to new highs above 55.00 in the U.S. Natural Gas Fund ETF (AMEX: UNG) followed by a close near the low of the session, which then was followed by a gap down opening this morning and a plunge to the 52.00 area, not only satisfied a multi-month upside swing target off of the Sept-Dec '07 base formation but it also left behind (for now) an exhaustion Island Reversal at the very top of the advance. Usually, such an exhaustion signal identifies a significant price peak and a near-term reversal in trend direction. Such is the case in the UNG, which now points lower towards 50.00 next, on the way to 48.00 thereafter.Read full article... Read full article...
Saturday, April 26, 2008
Investment Opportunities in Natural Gas Service Companies / Companies / Natural Gas
By: Hans_Wagner
To beat the market investors it often makes sense to invest in companies that support the companies that are most directly involved in a top performing sector. The Energy sector has outperformed the S&P 500 for several years. An earlier article examined the key issues driving opportunities in natural gas in the U.S. Natural gas is the cleanest burning fuel and is now trading at a lower cost relative to oil. Demand for natural gas should continue to expand, driven by substitution for coal to generate electricity and for heating. Natural gas is also being used by government and corporate fleets, as it is a lower cost and cleaner fuel.Read full article... Read full article...
Thursday, March 06, 2008
Natural Gas Pushing Highs / Commodities / Natural Gas
By: Mike_Paulenoff
Although my next optimal near-term target zone in the U.S. Natural Gas Fund ETF (AMEX: UNG) is 49.50-50.00, the larger pattern is so bullish and has so much upside potential that I will not be surprised to see the price structure accelerate to the upside in a vertical assault on the 56.00 to 58.00 measured intermediate-term target zone. Frankly, I am eyeballing 50.00 as a viable exit area for my current long (model portfolio) position, but if and when we approach the nearest-term target, I will assess the two-way risks of NOT taking profits sooner rather than later. In the meantime, as we speak the UNG is pushing up against yesterday's high at 48.12, which should be hurdled and should trigger the upmove to 50.00. Read full article... Read full article...
Wednesday, March 05, 2008
Natural Gas Unseasonal Price Rise. Why is it Rising? / Commodities / Natural Gas
By: Donald_W_Dony
Something is happening to natural gas that should occur at this time of the year; it is rising. This commodity normally starts to strengthen early in the 4th quarter or, to a lesser degree, advance during the summer months. But rallying in between these higher demand periods is certainly unique, and more importantly, breaking through the solid price resistance level of $9.00 is very unexpected. So, what is driving this natural source higher? Read full article... Read full article...
Thursday, February 14, 2008
Natural Gas Looks Undervalued - How to Invest in Gas / Commodities / Natural Gas
By: Money_and_Markets
Sean Brodrick writes: I've been pounding the table about oil recently, and now that Venezuelan strongman Hugo Chavez may turn off the taps, many oil investments are soaring.
But did you know that there is an energy play that is still dirt cheap?
Read full article... Read full article...
Sunday, February 03, 2008
Aluminum and Natural Gas - the Next Commodities to Boom? / Commodities / Natural Gas
By: Elliot_H_Gue
Oil prices are up nearly 50 percent over the past year; crude prices accelerated at the end of 2007 as inventories tightened globally. Meanwhile, wheat prices are up more than 100 percent over the same time period amid strong growth in demand from the developing world, ultra-low stocks in some countries and, of course, a boom in biofuels demand powered by government subsidies.
Although wheat isn't an important feedstock for making ethanol, all agricultural commodities are affected by the biofuels boom. The reason is simply that farmers are diverting acres to corn production in an effort to capture sky-high corn prices.
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Sunday, January 13, 2008
Natural Gas Long-term Outlook / Commodities / Natural Gas
By: Elliot_H_Gue
Natural gas prices have been on a roll in the past few weeks, with the 12-month New York Mercantile Exchange (NYMEX) strip rising to about $8.50 per million British thermal units (MMBtu) this morning, up more than $1 dollar off recent lows.
As I discussed in a post on At These Levels yesterday, the NYMEX strip is the most relevant measure of natural gas prices in the US. On NYMEX, gas futures contracts trade with expirations every month. Prices vary wildly from month to month because of seasonality, expectations of future supply shortages or gluts, and the cost of gas storage, among other factors.
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Friday, January 04, 2008
Natural Gas ETF Bull Run to take a Breather / Commodities / Natural Gas
By: Mike_Paulenoff
The enclosed 4-hour chart of the U.S. Natural Gas Fund ETF (AMEX: UNG) shows yesterday's high as 38.45, but I show a high at 38.05 on my other systems. In any case, although the UNG was very overbought and in need of a pullback, the fact that today's "rest" is so shallow is a very bullish technical sign. In a perfect technical world, I would look for additional weakness that presses the UNG to 36.50 prior to the start of a new and very powerful upside extension (towards 40-41). In an imperfect world, however, we might now see the UNG beneath 37.20/00 prior to the resumption of strength. For the time being, I will wait on the sidelines for a while longer.Read full article... Read full article...
