AwesomeAvani

XNGUSD SPOT NATURAL GAS Slowly getting ready to reverse LONG

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AwesomeAvani 已更新   
FXOPEN:XNGUSD   US Natural Gas (Spot) (XNGUSD)
XNGUSD is here on a 120 minute chart. I can see that it is trying to turn the corner and head up.

The RSI is turning up in bullish divergence. While price is below its moving averages, the SMA20

is soon to be in reach. The anchored VWAP lines are approaching a slope decreasing to zero,

while price is getting closer to the mean VWAP as those lines go flat. Overall, volumes are

on the rise while price is sideways, so there is bullish divergence in the volume trend.

Overall, I see XNGUSD setting up for an uptrend. It could be a big one. Time to buckle up before

turning the key. there may be some horsepower involved.
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BTW ! The thin black line is the RSI line superimposed into the main chart and currently rising as a divergence
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Zoomed into 5 minutes- price is in a good place a touch below the intermediate term anchored VWAP.

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This makes 1.70 the reasonable target of any quick scalp.
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by projecting trendlines for the next 1-2 days. With leverage a 2% return starts at
20% and goes to 1OX the money depending on the leverage.
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Lighly volatile price action on this holiday weekend. Trying to by the lows and position for a reversal. High risk maybe higher reward;

60 second zoom in:
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Bullish Divergence on the RSI indicator on the chart linked here- forecasts the reversal. The AI indicator which does heavy backtesting has not yet signaled a buy.

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Narrow range and Bollinger Bands tight
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XNGUSD had a nice run during the London session now flipped over and bearish. Will trade it down a bit today and watch for longs again in 18 hours or so.With leverage
this was a great trade as the price popped out of a BB squeeze

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Another intraday scalp of natural gas was productive and profitable. In and out
to amass enough profit to gat some UNG / UNL call options into the fall or winter.
Zoom in this afternoon:



Looking for another pump during the London session tomorrow.
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I am disappointed the volume data is not coming across despite a premium subscription for data. Would like to watch volumes and VWAPs. :(
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Got faked out by the moves of the early morning and later morning. Missed the big pop later in the day. Expecting a reversion to the mean upcoming so looking for a short. Overall, I believe that a reversal is underway. Congratulations to all who
successfully got a good piece of the breakout.

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See also for the idea adapted to squeeze and conjecture of a possible short sqeeze getting some momentum

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UNG Short Volume Rising October to present

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NG popped from the high tight flag pattern and printed another 4+% - on forex with leverage much larger ROI intraday.
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Bull Run rages on
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Gas prices rising positions in equities UNG / UNL and on leveraged Forex
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