XNGUSD ( Spot Natural Gas ) on the 15 minute chart shows that it has risen to a supply and
resistance zone while the dual time from RSI indicator shows a bearish divergence in the
faster green RSI line. The predictive algo of Luxalgo for the regression line forecasts price
action to be downside. These are enough analytical aspects for me to take short positions on
equities and forex markets for natural gas correcting downside.
resistance zone while the dual time from RSI indicator shows a bearish divergence in the
faster green RSI line. The predictive algo of Luxalgo for the regression line forecasts price
action to be downside. These are enough analytical aspects for me to take short positions on
equities and forex markets for natural gas correcting downside.
Trade closed: target reached
Price is in a rising wedge pattern with the algo predicting a breakdown.Trade active
Trade also taken in KOLD the triple leveraged inverse ETF for natural gas futuresNote
Note
Warm and sunny here. Low demand helps natural gas fall.Note
Trade active
Natural Gas / USD is now long Note
Note
Trade active
Gas is running higher UNG and XNGUSD moving with bullish momentum- KOLD is fading whileBOIL is getting hotter
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.