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Xngusd

UNG- Buy at a BottomAs shown on the 4H chart, UNG has been trending down albeit with a triple top in April and a head and shoulders in early May. It is presently at the bottom of the long term volume profile and two standard deviations below the running mean anchored VWAP. This is deep undervalued territory. On the MACD indicator, the K and D lines intersecting while under the histogram which is positive portrays an early entry signal. I believe that it is inevitable that UNG will have an uptrend in June as it did in April and May. The uptrends had a slope of about 1.5-3% per day while underway. I will take a long trade in UNG and potentially BOIL while leveraging XNGUSD on forex. For UNG, the targets are the POC line of the volume profile, and mean VWAP , the final target is one standard deviation above VWAP while the stop loss is three standard deviations below VWAP ( thin green line).
AMEX:UNGLong
by AwesomeAvani
XNGUSD ( Natural gas ) Short Term Selling ideaHello Traders In This Chart XNGUSD HOURLY Forex Forecast By World of Forex today XNGUSD analysis 👆 🟢This Chart includes_ (XNGUSD market update) 🟢What is The Next Opportunity on NZDCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
FXOPEN:XNGUSDShort
by forexplanet797
UNG retracement complete- to uptrend again.UNG as shown on the 15-minute chart had an untrend for a week culminated by the very steep finish to the uptrend into resistance followed by a very rapid bounce down and retracement. A standard 50% Fibonacci retracement is now complete. UNG appears to be bounding off the POC line of the volume profile which coincides with the 0.5 Fib level. UNG tracks the natural gas futures, especially the leading month. It appears now ready to resume an uptrend. This is a directional bearing on the trend for any instrument based on natural gas prices including XNGUSD on forex.
AMEX:UNGLong
by AwesomeAvani
2
Can XNGUSD short squeeze?XNGUSD on the weekly chart showing two years of price action with weekly candles shows the rise in 2021 into spring 2022 then printing a head and shoulders pattern and the reversal to deep into the support/demand zone. The volume profile shows the majority of the trading during this time period to have been between $3.75 and $ 8.50. It would seem likely that there are a sizeable amount of short sellers holding positions with unrealized profits of 50% to as much as 300%. This past week had the best buying volume in six months and provides bulls with optimism If natural gas can gain some momentum and put in green candles with a decent price range for a couple of weeks in a row, the combination of new buyers with new interest and short sellers liquidating and buying to cover their unrealized gains might ignite a bit of a rally for natural gas. I will keep natural gas on watch. I will keep in mind that a breakout without a corresponding volume the response could be a fakeout. A stop loss would be $1.95 below the support zone while the final target would be $4.75 below the POC line. Interval take profits would be 10% of the forex lots every time the price rises by $0.50 for risk management and good profit taking while underway.
FXOPEN:XNGUSDLong
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
An Important Bullish Breakout in the Natural Gas MarketThe price of natural gas in USD rose sharply on Thursday after the US Energy Information Administration (EIA) reported a slightly smaller-than-expected weekly increase in domestic natural gas inventories. At the same time, an important breakdown of the contracting triangle pattern formed by 2 lines (shown in blue) has formed on the XNG/USD natural gas chart. Presumably, this triangle delineates a market stage in which large players could accumulate long positions at low prices after the downtrend that has been in place in the natural gas market since the beginning of 2023. On Friday morning, the bulls are able to keep the progress made, keeping the price of XNG above the former resistance at 2.575, which can now serve as support. This breakdown may become a stage in the development of an important bullish trend. We previously reported that according to EIA forecasts, the average price of natural gas in 2023 could exceed USD 4. Start trading commodities with tight spreads. Open your trading account now or learn more about making your money go further with FXOpen. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XNGUSD
by FXOpen
XNGUSD ready to reverse recent downtrend LONGOn the daily chart here XNGUSD had a head and shoulders or double top last summer and fall and has now trended down to support. I see this as a prime place to take a long position. The decline of the overvalued USD contributes to this idea as does the persistent demand in Europe for compressed / liquid NG and the ongoing war there that could eventually grind into WWIII. ETFs such as BOIL , UNG and UNL may be a good way to make this trade if not in the forex market.
FXOPEN:XNGUSDLong
by AwesomeAvani
XNGUSD ready to reverse recent downtrend LONGXNGUSD has been on a long downtrend. On the 1 H Chart, a falling wedge is seen awaiting a breakout. Moving Average slopes are decreasing their negativity towards zero. ATR / Volatility is decreasing as is the downtrend momentum on the average directional index indicator. I see this as a long swing trade setting up for forex or alternatively a natural gas ETF like UNL / UNG or a natural gas stock like LNG. This trade would be propelled by the dollar losing strength, inflation being sustained, WW III in Europe continuing and the weather turning cooler the remainder of the winter.
FXOPEN:XNGUSDLong
by AwesomeAvani
3
Possible BOIL Cup and Handle in formation ENERGY PLAY LONGBOIL could be setting up a long continuation trade Now working on the handle. MACD shows the lines crossed while under the histogram is very often an excellent sign. Time will tell- My preferred trade will be call options expiring in late January or February. ( This is a triple-leveraged natural gas play with the upcoming winter heating season expected to be expensive especially in Europe. The inverse is KOLD which would be a good put option right now.) AMEX:BOIL
AMEX:BOILLong
by AwesomeAvani
XNGUSD - NGAS NEXT WEEK MOVEGas this week had a strong bullish movement, and I expect it to complete this movement next week, with a correction that may target 6.40 levels, from which it may launch towards 7.0 levels.The gas has been in an ascending channel for 11 days, but will it breach it and rise towards the 7.0 levels? We wait next week to see what it has in store. 🔥💥 Like, Shared and subscription 💥🔥 Note: If you are a beginner trader, you should be aware of these rules: 1: Do not covet 2: Don't trade too much 3: Secure your positions after entering the profit 4: Enter contracts that fit your portfolio 5: Adhere to all recommendations
FXOPEN:XNGUSDLong
by zaidhatem
LNG Natural Gas Energy Play LongAMEX:LNG LNG having trended down with the fall in the price of natural gas is now sitting in the support zone. I anticipate an up-trending retracement to potentially as up as the resistance zone. Rising relative volume and rising relative strength lend support to a reversal as does the consolidation in the price of natural gas after a recent fall. As a swing long trade the stop loss is below the support zone with the first target of about $ 160 or a 50% retracement and the final target at $ 167 before resistance.
LLong
by AwesomeAvani
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
XNGUSD/ NGAS Long UpdateGood day traders, Following all our NGAS signals hitting massive Take profit points, we have one current trade running on the monthly timeframe. After a successfull retest an ABCD bearish harmonic trend hike is currently beign formed, we are almost at the end of that trend hike. We now expect the XNGUSD/ #NGAS/ Natural Gas to reach 11.3 before retracing to meet our final take profit point 14. Disclaimer NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
FXOPEN:XNGUSDLong
by Mezzoforte_Privilege
3
NATURAL GAS - BAT PATTERN IN MAKINGNATURAL GAS is printing a bullish bat pattern. It is still in early stage as point C has defined its place. Pattern will complete at point D which is projected at 4. The price has already been rejected at the key resistance on the daily chart, and RSI is headed downwards. There has also been a continuous decrease in volume from the first time the price tested the key resistance. This may confirm that the price doesn’t have enough momentum to break through the resistance and is now set for a correction. There are a lot of contributing factors pointing to a bearish scenario for natural gas. Although the price might be bearish, watch out for relief pumps, especially on the support levels. What do you think of the idea?
FXOPEN:XNGUSDShort
by TradeTrio
1