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Xngusd

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