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Natural Gas | DXY Crude Oil Silver Gold Price Forecast Natural Gas | DXY Crude Oil Silver Gold Analysis Price Forecast #naturalgas #natgas #xagusd #dxy #xauusd #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil 00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 06:28 AMEX:UNG Stock Forecast 08:55 USO Oil Stock Forecast 11:19 DXY US dollar Stock Forecast 12:28 Gold XAUUSD Stock Forecast 13:28 Silver XAGUSD
NYMEX:NG1!Long
by ArcadiaTrading
1
Natural Gas going lower? How about Oil?Natural gas has started the week off on a bad note. Nat gas has lost the key weekly volume gap fill at $1.8622 This was the line in the sand that the bulls needed to maintain. The fact that Natural GAs has lost the key supply zone shapes up for a likely bearish move lower. We are holding the 20 Day MA so Bull have one last hope at this level. Hope typically isnt a good strategy. Based off of the RSI divergence, Nat gas may make new lows in the cycle before it has a bullish reversal. Oil today was weak early on and then made a massive red to green reversal. We have observed every time oil dips into the daily EMA 113, it keeps getting gobbled up. A bull flag on the daily chart is still being observed. XLE keeps moving higher as it sniffing out higher oil prices. Oil for the month of February has higher prices compared to the month of January, this should put a higher bid on the CPI energy component tomorrow.
BLACKBULL:WTI
by Trading-Capital
BOIL- Premarket Long Trade Scalp RecapsBOIL is here on the 15- minute chart with a set of Bollinger Bands, a Bollinger Band Oscillator by LuxAlgo as well as a dual-time frame RSI indicator by Chris Moody. The settings for the Bollinger Band set up are period 49 EMA 14 standard deviations 2 /2.618 ( These are multiples of 7 and Fib #s for mathematical reasons. Entries are signal is price crossing the base line of the Bollinger Bands ( the EMA 14) or else the RSI lines crossing over the 50 level and green above red. Exits are the price action going outside the outer upper BB band and then fading back inside of both inner and outer bands or RSI green and red crossing such that green fades quicker than red. Entries and exits are managed with alerts/notifications to minimize screen time. The first trade began on 2/27 at 8:10 AM ended 2hours later. 50 shares taken gained $ 1.50 each for a total of $75.00 realized profit in the long scalp. The second trade on 2/28 was taken in the premarket at 6:45 AM EST with again 50 shares taken then closed at 9:15 AM for a 150 minute trade. Realized profit was $1.20 per share and $60 overall. Overall, there were 4.5 hours in the trades yielding $135.00 or $30 hr for the time in the trade. Risk was minimal as trades were taken at the lows with a stop loss outside the BB and below them. Time spent on the screen amounted to less than 30 minutes overall making the realized profit excellent for the time and effort expended. This idea illustrates good use of a Bollinger Band strategy coupled with alerts and notifications. Notably, I did not spend any effor adjusting the stop losses during the trade as I am very confident of the setup and the strategy. Today is another day for the same trade.
AMEX:BOILLong
by AwesomeAvani
KOLD Natural Gas Pivots Again LONGKOLD on the 15 minute chart has reversed and swung upside. The the anchored VWAP price dropped through the mean VWAP and is now in the deep undervalued territory of the second lower VWAP band line. This is an oversold zone for buying. On the chart, a green arrow is a buy while a red arrow is a sell. New share buys are funded with profits from BOIL positions now closed. Relative volatility and volume indicators support the analysis. I will add further to the position whenever there is an entry provided by a correction found on a lower time frame of 3-10 minutes.
AMEX:KOLDLong
by AwesomeAvani
2
BOIL 3X / Triple Leveraged Natural Gas ETFon the 4H chart is showing a round bottom reversal at the bottom of the high voume area and rose over the POC line of the intermediate-term voume profile. Price now has room for a 50% move to the top of the high volume area at $ 52. The chart shows the relative volume indicator supports a long buy as does the dual time frame RSI. A speculative call option trade would be $60 in 4 months while a safer call option would be in the money @ $30 in 7-9 weeks. I am also looking at UNG, LNG and XNGUSD on forex.
AMEX:BOIL
by AwesomeAvani
4
BOIL ( Natural Gas Futures 3X leveraged) heats up LONGBOIL in the past month fell from a head and shoulders pattern on the 15 minute time frame into a trend down which leveled out into a double bottom. Supply is in a draw down right now as might be expected when gas production is diminished in the middle of winter while demand is rising. The Economics 101 expectation is rising prices on the futures market. The chart shows a Fibonacci retracement would take price from its current level to about 29 or about 20% upside if that level holds and more if prices can make a stronger more or if short positions or puts are forced to closed causing some buying pressure synergy. The RSI indicator confirms the reversal at the double bottom and adds a bit of insurance to the risk. Accordingly, I am expecting a 20% in the next 2-3 weeks. Target for 2/3 of the position is 29 while the other 1/3 ( short squeeze scenario) to run to a target of 33 which is the neckline of the H & S pattern. Taking a look at OTM call options striking $ 30-31 range. Additionally, I will watch the AI algo indicator for a Sell Signal and reassess the position at that time given its 90% accuracy at this given time frame as evidenced by a 2000 candle backtest ( or about 500 hours or 82 trading days). Energy may not be the hottest sector right now but nor is it the coldest.
AMEX:BOILLong
by AwesomeAvani
12
XNGUSD Short BiasXNGUSD on the 30-minute chart is accompanied by drawn-in trendlines, a Fibonacci retracement as well as an anchored VWAP and volume profile. An RSI indicator is also added. Price hit a recent high of 2.81 on May 19th and then trended down to 2.11. While a 50% retracement might have been expected ( to 2.46) price only rose to 2.42. I consider this as showing selling pressure from sellers to be slightly exceeding buying pressure. Short bias for XNGUSD is confirmed since it is trading below the POC line of the long-term volume profile and below the anchored mean WVAP which are acting as confluent resistance. The RSI topped out at 60 during the retracement and has fallen below 50. Overall, the chart supports a short XNGUSD trade with a stop loss just above VWAP / POC and the target the trendline of support ( green line ) making for a Reward: Risk of about 2:1 Any leveraged forex trade would amplify both potential loss and potential profit.
FXOPEN:XNGUSDShort
by AwesomeAvani
Natural Gas, Uranium & NvidiaNatural gas has made an epic 2 day rally off the 52 week lows. Looks like the Covid support zone is holding & we can move higher off of tight consolidation. Uranium is into some minor daily chart support, a bounce is likely off the EMA 113. Nvidia reported earnings and had a double beat. This stock was up over 10% in the after-hours. Completely saving and rallying the Nasdaq. Semis will be hot tomorrow, the question is, do they hold their gains?
NASDAQ:NVDA
0
by Trading-Capital
1