XNGUSD SPOT NATURAL GAS Slowly getting ready to reverse LONGXNGUSD 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.
