XNGUSD Looking for Bullish continuation LONGXNGUSD is still in oversold and undervalued territory as demand may be mitigated
by anticipation of milder weather and supplies seem to be more than adequate. XNGUSD
may move higher if either of those factors changes. The chart shows price about 15% above
support and about 60% below heavy resistance. The RSI indicator shows the faster RSI line
above the 50 level and so I think the bullish move is supported by buying volume. I will take
a long trade on forex and in UNG / UNL on the equities market.
KOLD
Natural Gas: the monster tradeNAtural gas has broken out of a powerful base.
We have seen some stellar price action over the last couple weeks.
A short squeeze in the making could be brewing.
s we approach some heavy daily and weekly resistance, you may see some profit taking ahead of the next leg up.
The daily 200 MA & weekly 50 MA should be respected until they're broken.
BOIL trends up continuation expected LONGBOIL is here on a 30 minute chart. It has reversed this week and ascended 13% with a double
bottom at 13 and 13.25 forming a resing support trendline. Volumes changed from selling
to buying. Price bounced off the ATR- stop loss in its pullback and now appears poised to
break through the moving average channel and get support after that cross-over.
I will take a long trade here with a stop loss of the pivot low of 14 while targeting the
upper boundary of the Keltner channel at 15.25 for two-thirds the position with the remainder
to run to try to reach 37 , the pivot high of January. As a leveraged instrument, BOIL is very
volatile and needs extra care in the trade.
CPK - Big moving coming? This chart has gone through ample consolidation.
Once this pattern breaks its going to be a very powerful move.
Being the fact that were seeing a bullish shift in Utilities and gas & Oil, we think this name is setting up for a upside move.
if Nat gas makes a true bottom this name will likely outperform.
This is a lighter volume name so trade with caution.
Natural Gas closed bullishly today!Nat gas confirmed a daily chart breakout!
Its looking likely that we are now putting in a basing formation to move higher.
Now that we are holding above $1.86...we could start to see shorts cover.
I remain bullish as long as were above this key gap zone from 2020.
Nat gas resource stocks are continuing to show signs of accumulation.
$2.25 upside target on watch. $3- $4 by end of year.
Natural Gas & Oil - Heating Up!Nat gas made a bullish reversal today. Closing up over 6%
Natural gas has recaptured the short term trend and is trying to establish a new bullish range.
If Nat gas holds above the key $1.8622 level we will have a quick squeeze to $2.25
Oil continues to grind higher. making new higher highs and higher lows.
Oil is now on watch to target $90 a barrel.
Inflation still in a downtrend with these commodities breaking out?
Natural Gas Price Forecast | DXY Crude Oil Silver Gold Analysis
#naturalgas #natgas #oil #xauusd #dxy #xauusd #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
05:33 AMEX:UNG Stock Forecast
07:26 USO Oil Stock Forecast
09:03 DXY US dollar Stock Forecast
10:03 Gold XAUUSD Stock Forecast
11:12 Silver XAGUSD
Natural Gas still coiling! breakdown or breakout? Natural Gas is appraoching the apex of a wedge pattern.
The Apex is the very tip of the triangle where 2 trendlines meet.
Price will likely have to make a move by April 3 or sooner.
As for which way will price break is anyones guess, but probabliietes are slightly swaying lower.
Signs of accumulation are being observed in the resource stocks. So a bottom is typically approaching.
DBC EtF has broken out. Nat gas has a small weighting in there.
KOLD triple leveraged inverse ETF for Natural Gas LONGKOLD on the 15 minute chart shows a prior uptrend followed by a large falling wedge pattern
from which in broke out then to form another smaller falling wedge. Anchored VWAP bands are
added showing price is now just above the support of the mean VWAP line also confluent
with the Fibonacci retracement of the uptrend of the first 20 days of February. The RSI
indicator shows relative strength low and less low time frame lines near to the 50 level.
I see this as an excellent setup to take a long trade in KOLD with the target and stop loss
on the chart looking to capture 15% upside.
Natural Gas Price Forecast | DXY Crude Oil Silver Gold AnalysisNatural Gas Price Fo#naturalgas #natgas #xagusd #dxy #xauusd #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
03:15 AMEX:UNG Stock Forecast
05:00 USO Oil Stock Forecast
06:29 DXY US dollar Stock Forecast
07:13 Gold XAUUSD Stock Forecast
08:16 Silver XAGUSDrecast | DXY Crude Oil Silver Gold Analysis
NATURAL GAS...BURN BABY BURN!Nat gas continues to show some short term weakness.
Its now shaping up based off an RSI divergence that Nat gas could make new lows.
The fact that we had a bearish crossover of the 7 MA & 20 MA is never a good sign.
Sellers clearly took control over price and forced it back below the neckline.
The 100% downside move of the head & shoulders that triggered over a year ago is about $0.70
BOIL: Set for a Potential Bullish Reversal at Bullish Shark PCZNatural Gas on an intra-week basis seems to be in a position to Bullishly Reverse as it sits at the PCZ of a potential Bullish Shark with slight Bullish Divergence near the previous month's low. My target will be anywhere between $16 and $20 though it could always go higher.
Natural Gas going lower? How about Oil?Natural gas has started the week off on a bad note.
Nat gas has lost the key weekly volume gap fill at $1.8622
This was the line in the sand that the bulls needed to maintain.
The fact that Natural GAs has lost the key supply zone shapes up for a likely bearish move lower. We are holding the 20 Day MA so Bull have one last hope at this level. Hope typically isnt a good strategy.
Based off of the RSI divergence, Nat gas may make new lows in the cycle before it has a bullish reversal.
Oil today was weak early on and then made a massive red to green reversal. We have observed every time oil dips into the daily EMA 113, it keeps getting gobbled up.
A bull flag on the daily chart is still being observed. XLE keeps moving higher as it sniffing out higher oil prices.
Oil for the month of February has higher prices compared to the month of January, this should put a higher bid on the CPI energy component tomorrow.
Natural Gas & Oil : is energy breaking out!Natural gas got a positive weekly close. this close sets up a potential short squeeze to $2 & $2.25 as long as we stay above the hourly chart neckline.
Oil has just made it highest weekly close in 18 weeks. Oil has now broken out to the upside and this could be very detrimental to consumers and the inflation fight.
If oil holds above $80 it's going to try to push for $84 and $90.
BOIL- Premarket Long Trade Scalp RecapsBOIL is here on the 15- minute chart with a set of Bollinger Bands, a Bollinger Band Oscillator by
LuxAlgo as well as a dual-time frame RSI indicator by Chris Moody. The settings for the Bollinger
Band set up are period 49 EMA 14 standard deviations 2 /2.618 ( These are multiples of 7 and
Fib #s for mathematical reasons.
Entries are signal is price crossing the base line of the Bollinger Bands ( the EMA 14) or else
the RSI lines crossing over the 50 level and green above red.
Exits are the price action going outside the outer upper BB band and then fading back inside
of both inner and outer bands or RSI green and red crossing such that green fades quicker than
red. Entries and exits are managed with alerts/notifications to minimize screen time.
The first trade began on 2/27 at 8:10 AM ended 2hours later. 50 shares taken gained $ 1.50 each
for a total of $75.00 realized profit in the long scalp. The second trade on 2/28 was
taken in the premarket at 6:45 AM EST with again 50 shares taken then closed at 9:15 AM
for a 150 minute trade. Realized profit was $1.20 per share and $60 overall.
Overall, there were 4.5 hours in the trades yielding $135.00 or $30 hr for the time in the trade.
Risk was minimal as trades were taken at the lows with a stop loss outside the BB and below
them. Time spent on the screen amounted to less than 30 minutes overall making the
realized profit excellent for the time and effort expended. This idea illustrates good use
of a Bollinger Band strategy coupled with alerts and notifications. Notably, I did not spend
any effor adjusting the stop losses during the trade as I am very confident of the setup and
the strategy. Today is another day for the same trade.
KOLD Natural Gas Pivots Again LONGKOLD on the 15 minute chart has reversed and swung upside. The the anchored VWAP price
dropped through the mean VWAP and is now in the deep undervalued territory of the second
lower VWAP band line. This is an oversold zone for buying. On the chart, a green arrow is a buy
while a red arrow is a sell. New share buys are funded with profits from BOIL positions
now closed. Relative volatility and volume indicators support the analysis.
I will add further to the position whenever there is an entry provided by a correction found
on a lower time frame of 3-10 minutes.
BOIL 3X / Triple Leveraged Natural Gas ETFon the 4H chart is showing a round bottom reversal at the bottom of the high voume area
and rose over the POC line of the intermediate-term voume profile. Price now has room for
a 50% move to the top of the high volume area at $ 52. The chart shows the relative
volume indicator supports a long buy as does the dual time frame RSI.
A speculative call option trade would be $60 in 4 months while a safer call option
would be in the money @ $30 in 7-9 weeks. I am also looking at UNG, LNG and XNGUSD on
forex.
BOIL is starting to get hot ( 3X Natural Gas ETF)as shown on the 15 minute chart is rising in an ascending parallel channel and is suitable
for a long buy entry when the indicators are triggered. The onslaught of winter cold, the
sanctions against Russian gas exports and inflationary pressure on commodities all bode well
for the trend up for natural gas on forex and equities markets. See also my idea linked below
for a view of the chart from the 4H time frame.