Tag Archives: Natural Gas

U.S. Natural Gas Fund ETF (UNG) chart analysis

Breakout on daily chart on heavy volume for UNG
Breakout for the United States Natural Gas Fund (UNG) on heavy volume

UNG Daily Chart

Breakout for the United States Natural Gas Fund (UNG) on heavy volume.

Contrast this chart with the one for West Texas Intermediate……………..

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View from the weekly chart showing the resistance levels
Weekly chart for U.S. Natural Gas Fund ETF showing the breakout and the resistance levels.

UNG Weekly Chart

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“It is all about probabilities”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2014 TradeOnline.ca

Natural Gas 3-Year Chart

Intermediate downtrend for Natural Gas with support around $4.50
Major uptrend for natural gas with support around $4.50

Natural Gas 3-Year Chart

Major uptrend for natural gas and intermediate downtrend with support around $4.50.

Encana is the big player in this space in the Canadian market. Reference my chart for Encana.

SHORT-TERM ENERGY AND SUMMER FUELS OUTLOOK

 

Percent-of-electricity-generated-from-nonhydro-renewals

About 6.2% of total U.S. electricity supplies in 2013 were generated from nonhydro renewable energy sources such as wind, solar, biomass, and geothermal, up from 5.4% in 2012. But 11 states produced electricity at more than twice the national average from these sources—accounting for between 14% and 32% of their net electric generation—according to preliminary 2013 generation data in EIA's Electric Power Monthly report.

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“Keep it Simple”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

Natural Gas candlestick chart analysis

Intermediate uptrend for natural gas approaching major resistance
Intermediate uptrend for natural gas approaching major resistance.

Natural Gas Weekly Chart

Peyto Exploration & Development is a good proxy for the movement in the price of natural gas. View the chart for this junior oil company which is positively correlated with the price of natural gas. A big natural gas player, Encana, barely moved in response to the upward movement in natural gas. View the chart for Encana: not a pretty picture.

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Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca