UPDATED: US Dollar ~ DXY0 ~ Channelized, but where to next? (August 3, 2013)

There has been considerable talk about the US$ and its recent strength.  The dollar is within a BAR (Big-Ass-Range that extends from 76 < > 86 ~ what's next?  There is also a strong sentiment that the US economy is improving, fundamentals are showing that there is sustainable strength < > Really?  My trading style sees price being in the middle of a range and therefore has the potential to go either way, while there is some reasonable and credible evidence for either direction.  Below are a Daily and Weekly Chart for the DXY0 ~ Watching and Learning

UPDATED August 3, 2013:  the channelized price pattern has continued to play out as might be anticipated.  Price remains within the previous range.  Of note, price made a higher low and would suggest strength could be next.  Watching and learning.  Trading On.

UPDATED 16-June-2013:  The daily and weekly charts below continue to tell a familiar story.  The USD remains channelized, though I adjusted the upper bound to more reflect reality.  At its current position, relatively difficult to assign a good probability on a move ~ expressed weakness has been exhibited since late May.

UPDATED:  Price has stalled and oscillated here.  On the daily chart price has broken up and back down numerous times across this trend line - and even gapped up over it on March 18.  Since then price has fallen back to the line and rebounded higher again, only to retreat again.  Possibly a  precursor to a more powerful move.  However, the last price action was decidedly weaker, and while closing above, had penetrated below the last low.  Watching and Learning.

UPDATED: Potential new right shoulder?

NatGas: Futures, ETFs and Options - Where to next?

NYMEX Natural gas futures have essentially flatlined since the dramatic drop from the highs achieved in 2007-08 close to $14/mmBtu.  Investment in Shale gas and natural gas assets continues make headlines.  The world is awash in supply of natural gas, and climate change is not helping matters - though the added expectations of air quality management and omnipresent air conditioning is also a factor.  BElow are two alternate investment vehicles, an ETF and Options path for NatGas investments.  I also follow Encana.  The small green arrow points to when Randy Eresman stepped down.  Does NatGas have a strong future?  Watching and Learning.

UNG - The investment objective of UNG is for the changes in percentage terms of the units%u2019 net asset value to reflect the changes in percentage terms of the price of natural gas delivered at the Henry Hub, Louisiana, as measured by the changes in the price of the futures contract on natural gas traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less UNG's expenses. 



NGX - The Natural Gas Index is designed to measure the performance of highly capitalized companies in the natural gas industry involved primarily in natural gas exploration and production and natural gas pipeline transportation and transmission.