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Ngshort

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.
AMEX:KOLDLong
by AwesomeAvani
XNGUSD Short BiasXNGUSD on the 30-minute chart is accompanied by drawn-in trendlines, a Fibonacci retracement as well as an anchored VWAP and volume profile. An RSI indicator is also added. Price hit a recent high of 2.81 on May 19th and then trended down to 2.11. While a 50% retracement might have been expected ( to 2.46) price only rose to 2.42. I consider this as showing selling pressure from sellers to be slightly exceeding buying pressure. Short bias for XNGUSD is confirmed since it is trading below the POC line of the long-term volume profile and below the anchored mean WVAP which are acting as confluent resistance. The RSI topped out at 60 during the retracement and has fallen below 50. Overall, the chart supports a short XNGUSD trade with a stop loss just above VWAP / POC and the target the trendline of support ( green line ) making for a Reward: Risk of about 2:1 Any leveraged forex trade would amplify both potential loss and potential profit.
FXOPEN:XNGUSDShort
by AwesomeAvani
XNGUSD Bull Pennant Pattern Short then LongXNG has had a big week with a big bullish momentum move into a symmetrical triangle and then a breakout into a bull flag pattern to finish out the trading week. A Bollinger Band squeeze as the symmetrical triangle was underway preceded the breakout. PRice crossed the POC line of the volume profile where trading volume , liquidity and volatility all are the highest Equities and equity funds like BOIL, KOLD, UNG, UNL, LNG had corresponding moves. The Luxalgo ECHO indicator, a predictive AI tool, suggests that from here XNGUSD will retrace 5% or so perhaps targeting the mid/basis line of the Bollinger Bands and then resume its upward trend. the retracement would be 50% of the uptrend which started the morning of 5/18 which was a 10% move. The indicator is predicting the uptrend resumption for 5/22. By extension, equity instruments that mirror natural gas prices presumably will have similar moves. I conclude that my profits achieved in BOIL options after the big move should be prtially taken off the table to buy some KOLD calls or BOIL puts instead to hedge for the prediction of the algorithm tool.
FXOPEN:XNGUSDShort
by AwesomeAvani
NatGas NG1! - Further Decline Ahead, P5 Possibly ReachedAllen Andrews gave us great rules. The P5 rule is one of them. As we see in the chart, P5 could be reached. What does this mean? It's an indication that price is at it's peak and a potential turn is ahead. Furthermore we have reached the center-line, where a) price will beak through, revisit and continues or b) price will turn and trade to the opposite direction, which would be far below at the L-MLH (the lower parallel). I like to wait for some kind of confirmation. One of these I have in my arsenal is the break of previous lower highs. You can see the short line in the chart, where I would start to take action. So, we have another LT chart to observe. Keep it in your watch list - it could be an epic play.
NYMEX:NG1!Short
by Tr8dingN3rd
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