UNG Natural Gas ETF now rising from its reversal LONG (XNGUSD )UNG on a 120-minute chart has reversed from a long trend down which started in mid -January.
This was a steep trend down from the start into mid- March where the trend angle lessened in
a period of relative consolidation until May 1st where the reversal occurred. This is a falling
wedge breakout with the trendlines of the wedge in thick red and thick green for resistance
and support respectively. The VWAP band lines have been downsloping. Price is breaking through
the lower band lines and heading toward the mean anchored VWAP line. Price is now above
a EMA 100 Keltner Channel which is now trending up.
I will take long trades here of both shares and call options. The targets are marked with
black horizontal lines from pivots in Jnauary. The are in the levels of 21 and 26 for now.
I would not be surprised if UNG moves up and targets the highs of last October at 30 in the
upcoming months. Many utility companies this summer will be burning gas to generate
electricity needed for air conditioning and demand should be rising.
Gaslong
#GAS/USDT SPOT LONG ENTRY#GAS/USDT SPOT LONG ENTRY🍀
Leverage: 1x
Entries: $8.124
Take profit 1: $9.206
Take profit 2: $13.578
Take profit 3: $22.643
Stop Loss: $5.075
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
Thanks
The sroced.
Natural Gas (XNGUSD) Buy Trade Idea Natural Gas (XNGUSD) Buy Trade Idea
The overall price is open in the bearish gap from 2.9500 to 2.71620 in the demand zone.
The trade setup should include the following:
Natural Gas Buying Zone: 2.7150 to 2.7750
Stop Loss: 2.6550
Take Profit1: 2.8250
Take Profit2: 2.8850
Take Profit3: 2.9850
Take Profit4: 3.1000
Must follow the money managements plan.
UNG rising in the cold of winterAS shown on a 4H chart, UNG which tracks natural gas futures has been rising now for three
weeks with the typical demand of the winter months and the cold weather impacting new
supplies while Russia's war continues. Volumes are relatively high while dual TF ( 4H and
1Week) crossed the 50 line on December 28. Price has now crossed over the Fib -.5 line
of the downtrend from October and has that line and the anchored intermediate term
VWAP for support and the setting of a stop loss ( strength in confluence)
I see this as a setup for a long swing trade of UNG or BOIL or XNGUSD on forex or any of the gas
companies ( LNG) to trade commodities while the equity markets get sorted out.
BOIL beginning a round bottom reversal LONGAMEX:BOIL
BOIL a triple leveraged ETF based on natural gas as a commodity and its futures
on the 15-minute chart has begun a round bottom reversal into an uptrend. The AO / Candle indicator
confirms this as does the curve of the accumulation /distribution indicator. Fundamentally, natural gas price
is rising especially with the DXY dollar value in a mild correction. Winter heating season is upcoming and the energy
crisis in Europe accelerating with Russia shutting down ( for now only ?) its remaining active pipeline.
Right now long BOIL looks to be an excellent setup.
NATURAL GAS LONGHelloooooooo PIPPIN TRADERS!!! I'm back with another one. Natural gas is showing a sign of a small correction down to around 6.70 before we have another push upwards to 8.00. Good risk to reward...trade with care!!
⁉️ GAS Weekly Analysis ✅ Here we are in a bullish market structure so I am looking for a long position if the price takes out the liquidity below (previous weekly low) and rejects from the daily bullish orderblock + mid figure 6.50.
Gas 💣💥 $GAS #GASGas has broken a 100-day trend line and after approving the price above the trend line, it is ready to move towards the targets drawn in the chart. The resistors in front of it are also plotted in the diagram.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
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#DYOR
Gaslog Inverse H&SPotential inverse H&S in gaslo(n)g, awaiting results this week so let's see how this plays out! 1st target $10-10.80
GASBTC formed bullish Butterfly | A good long opportunityPriceline of NeoGas / Bitcoin cryptocurrency has formed a bullish Butterfly pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.0001454 to 0.0001429
Sell between: 0.0001473 to 0.0001520
Regards,
Atif Akbar (moon333)
GASBTC formation of bearish shark |Upto 2456% profit possibilityFrom X to C leg the price action has completed all dimensions of bearish shark pattern.
In potential reversal zone the MACD got strong bullish in dec 2018 but now it is weak bullish but on week chart it is again strong bullish soon it will be strong bullish on 2 week charts again.
The stochastic is already oversold.
From here the price action will move up soon to hit the sell targets insha Allah.
The targets are:
Buy between: 0.001377 to 0.000334
Secure sell targets:
Sell between: 0.003131 to 0.006090
Aggressive sell targets:
Sell between: 0.006892 to 0.008540
Regards,
Atif Akbar (moon333)