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KOLD

Natural gas is overextended Natural gas looks to be forming a near-term top in what I think is an ABC move up. Bearish divergences are building on the hourly and 4 hr chart. Although, these divergences can continue to build while Natural gas grinds up , the risk-reward ratio warrants caution. Where does the B wave look to target? The $2.40 vicinity looks plausible, being there was a lot of price action there, a gap , and an attractive fib extension zone. The subsequent C wave will be spectacular, with the potentional of having a 3 or 4 handle.
NYMEX:NG1!Short
by Fida4u
1
XNGUSD ready to reverse recent downtrend LONGGLOBALPRIME:XNGUSD XNGUSD a few weeks back downtrended afer breaking the neckline of a head and shoulders pattern down to the support of a double bottom formed in early August. Volume profiles are added to the 30 minute chart. I see an uptrend retracement of the recent downtrend and accordingly the following: Stop Loss at 7.64 just below the recent swing low Target 1 8.59 the bottom of the high volume areas and near the Fib 0.382 Target 2 8.84 just under the Fib 0.50 Target 3 9.15 just under the POCs of the volume profiles and the neckline of the head and shoulders pattern. Fundamentals: decreasing DXY will cause a relative rise in commodities; winter is coming storage of compressed NG is underway and increasing demand. All is all, this forex pair is ready for a long trade.
XLong
by AwesomeAvani
1
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.
AMEX:BOILLong
by AwesomeAvani
BOIL Leverage 3X Natural Gas ETF Cup and Handle LONG AMEX:BOIL BOIL is showing a cup and handle pattern at present lending increased probability of a bullish continuation that could yield a 50% price rise over the 45-day width of the cup. Macro and fundamental factors support ongoing natural gas price escalations including the supply issues in Europe, the heat wave from climate change causing and so on. The cup and handle on a relatively long time frame increases both its reliability and the time period for which the pattern to play out.
AMEX:BOILLong
by AwesomeAvani
BOIL / GUSH RATIO- Leverage 3X Natural Gas ETFsAMEX:BOIL BOIL is the #X leveraged ETF for Natural Gas while KOLD is it inverse. On this 30M chart I setup the ration between BOIL and KOLD. This is to find precise swing entries without a lot of work for those only trading part time like myself. At the highs, BOIL has peaked relative to KOLDAccordingly, this is the time to exit BOIL and enter a position on KOLD. Conversely, when the ratio is at an inflection bottom, a trader should exit KOLD and enter a BOIL position. This chart shows several patterns including: a double or triple top which may breakdown as there is a newer cup and handle potentially breaking out above the handle in continuation of the prior uptrend. It the present chart, the Bollinger Band basis line the uptrending of its boundaries and the MACD all favor the probability of an uptrend., the spot markeri All in all, I am waiting to buy BOIL since natural gas is being liquified and shipped to Europe to make electric power to supply to air conditioner for the long hot summer. XNGUSD has had dramatic action in the past couple of months, all good for BOIL's price action. Three evening stars or three-bar plays marked with red down arrows. If not in a position at present, the chart should be observed for the cup and handle pattern completion towards a resumption of the uptrend. IF so, a BOIL position could be entered. If it fails the triple top controls the price action and a KOLD position could be entered. This chart demonstrates the importance of looking for patterns to help guide higher probability setup.
AMEX:BOILLong
by AwesomeAvani
2