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Xngusd

BOIL ( 3x Nat Gas ETF) Reverses to UpsideOn shown on the 15 minute chart with a VWAP band/line setup anchored to the July 1st pivot high. BOIL is in a VWAP breakout since bottoming mid-day July 17th. Confirming the reversal are the Price Volume Trend Oscillator printing a green histogram and an upgoing signal line as well as the zero-lag MACD with upgoing parallel lines crossing the zero-horizontal line. Price has crossed over the mean VWAP. On the dual time frame RSI indicator both the lower and higher RS lines ( blue and black) are above the 50 level and the lower time frame is higher highlighting bullish momentum. I will take a long trade targeting based on the VWAP lines first $65 and then $68. I will open equal amounts of call options striking the targets with expirations on July 28th. I seek a 100% ROI in the next 6-8 trading days. On an intraday basis, I may enter a low DTE call option at the low of day ( typically mid-morning) and exit at the high of day the same or next day.
AMEX:BOILLong
by AwesomeAvani
XNGUSD BUY Long Trade Active, Time to Buy NAT-GASMy Trade Setup Buy on current price (2.6000) Take Profit Targets Target 1: 3.5 Target 2: 5.0 Target 3: 6.0 Greetings, fellow traders! I would like to share a long trade setup on NAT-Gas that has the potential for high profitability, an opportunity not to be overlooked. NAT-GAS prices have been steadily declining over the past nine months, indicating a strong bearish trend. However, it appears that this downward trend is coming to an end, and we can expect prices to rise in the months of July, August, and September. Both technical analysis and fundamental factors support a long buy setup for NAT-Gas. Technical Analysis: From a technical perspective, XNGUSD has found support in the 2.1000 area, leading to a rebound that is reinforcing the bullish momentum in prices. Indicators in the monthly timeframe have become highly oversold, further supporting a bullish price action. Additionally, NAT-Gas prices are currently trading above the 50-day Exponential Moving Average (EMA), suggesting a change in trend from downward to upward. The first major hurdle to overcome is the resistance area of 3-3.5. If the price manages to stay above 3.5 and a weekly candle closes above that level, it will indicate further upward movement, potentially driving prices towards the psychological mark of 5.00. Fundamental Analysis: In terms of fundamental analysis, there are several factors at play. NAT-Gas inventories are expected to decrease by 4 BCF, a figure larger than the five-year average. Moreover, maintenance activities at key LNG plants have resulted in a 10% decrease in US LNG exports for the month of June. European gas demand has also experienced a decline in the final week of June due to scheduled maintenance at plants. However, analysts anticipate an increase in LNG exports this quarter as maintenance activities conclude. The shift in gas supply from Russia to the United States in Europe is expected to stimulate prices, leading to the opening of many long trades. Additionally, the 50-day EMA indicates growing support, and traders are expected to become more active this month in order to secure substantial profits within a short period of time. The increase in gas flow to LNG export plants, coupled with a positive demand outlook, is boosting NAT-GAS prices. In Texas, power usage has remained high and even reached record levels during the recent heatwave, consequently driving up gas consumption for electricity generation. The forecast predicts hot weather in the southern, western, and eastern parts of the US from 3-9 July. As temperatures rise, analysts anticipate an increase in US gas demand, including exports. In June, US exports to Mexico saw an average increase of 6.6 Bcf/d. All these factors combined contribute to the bullish price momentum of NAT-Gas. Best wishes, and may you be rewarded with significant profits!
FXOPEN:XNGUSDLong
by AhsanTufail
BOIL- Go Long SetupBOIL has had a busy month with the resurgence of natural gas prices and the reverse split six trading days ago. I analyze it as having further upside. On the 30-minute chart I have added two anchored VWAPs to the left on separate pivot points. This serves to make out dynamic support and resistance. Price has crossed over the mean VWAP zone which is between the heavy black lines. In confluence with that, it has crossed over the POC line of the volume profile represents the price point with the highest total trading volume over the visible time interval. Above price are the two targets being one and two standard deviations above the mean aVWAP. The volume indicator shows increasing relative volume overall as a sign of accumulation which generally results in price appreciation from the demand trend. I will set the stop loss at $.10 below the POC line and take a long position. One third of the position will come off upon each target advancing the stop loss to above the entry and making the trade risk-free. Another third with TP2 and finally the The remaining third will run on a trailing stop so I do not spend time micromanaging a smaller position. I believe that my overall bullish bias will be rewarded yet again over the near term.
AMEX:BOILLong
by AwesomeAvani
NATURAL GAS ( XNGUSD ) Long Term Trading IdeaHello Traders In This Chart XNGUSD HOURLY Forex Forecast By Forex Planet today XNGUSD analysis 👆 🟢This Chart includes_ (XNGUSD market update) 🟢What is The Next Opportunity on NZDCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This Chart is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
CAPITALCOM:NATURALGASLong
by ForexPlanet20
NATURAL GAS ( XNGUSD ) Long Term Trading IdeaHello Traders In This Chart XNGUSD HOURLY Forex Forecast By World of Forex today XNGUSD analysis 👆 🟢This Chart includes_ (XNGUSD market update) 🟢What is The Next Opportunity on NZDCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
FXOPEN:XNGUSDShort
by forexplanet797
Can KOLD make it through the summer?KOLD is a leveraged inverse of natural gas futures contracts. Natural gas prices could see a rise this summer as it is fuel for electric plants to make electricity to power air conditioning and charge all the new electric cars. Hydroelectric and wind might be green put they contribute little to the large power grid. NG is better than coal and diesel. So if a supply and demand imbalnce develops what does Eco 101 say will happen to prices ? KOLD will go down and BOIL, its inverse will go up as rising current prices will reflect in futures contracts in months ahead. On the chart, KOLD is seen in an uptrend and the RSI has crossed over the 50 line while price has crossed over the POC line of the profile ( mean price at which the most shares traded over the given date range). Bullish momentum is slightly dominating with moving averages diverging. A volume void above may result in a small jump along the way. Will the summer heat drive up NG prices and make KOLD melt?
AMEX:KOLD
by AwesomeAvani
UNG- Buy at a BottomAs shown on the 4H chart, UNG has been trending down albeit with a triple top in April and a head and shoulders in early May. It is presently at the bottom of the long term volume profile and two standard deviations below the running mean anchored VWAP. This is deep undervalued territory. On the MACD indicator, the K and D lines intersecting while under the histogram which is positive portrays an early entry signal. I believe that it is inevitable that UNG will have an uptrend in June as it did in April and May. The uptrends had a slope of about 1.5-3% per day while underway. I will take a long trade in UNG and potentially BOIL while leveraging XNGUSD on forex. For UNG, the targets are the POC line of the volume profile, and mean VWAP , the final target is one standard deviation above VWAP while the stop loss is three standard deviations below VWAP ( thin green line).
AMEX:UNGLong
by AwesomeAvani
XNGUSD ( Natural gas ) Short Term Selling ideaHello Traders In This Chart XNGUSD HOURLY Forex Forecast By World of Forex today XNGUSD analysis 👆 🟢This Chart includes_ (XNGUSD market update) 🟢What is The Next Opportunity on NZDCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
FXOPEN:XNGUSDShort
by forexplanet797
UNG retracement complete- to uptrend again.UNG as shown on the 15-minute chart had an untrend for a week culminated by the very steep finish to the uptrend into resistance followed by a very rapid bounce down and retracement. A standard 50% Fibonacci retracement is now complete. UNG appears to be bounding off the POC line of the volume profile which coincides with the 0.5 Fib level. UNG tracks the natural gas futures, especially the leading month. It appears now ready to resume an uptrend. This is a directional bearing on the trend for any instrument based on natural gas prices including XNGUSD on forex.
AMEX:UNGLong
by AwesomeAvani
2
Can XNGUSD short squeeze?XNGUSD on the weekly chart showing two years of price action with weekly candles shows the rise in 2021 into spring 2022 then printing a head and shoulders pattern and the reversal to deep into the support/demand zone. The volume profile shows the majority of the trading during this time period to have been between $3.75 and $ 8.50. It would seem likely that there are a sizeable amount of short sellers holding positions with unrealized profits of 50% to as much as 300%. This past week had the best buying volume in six months and provides bulls with optimism If natural gas can gain some momentum and put in green candles with a decent price range for a couple of weeks in a row, the combination of new buyers with new interest and short sellers liquidating and buying to cover their unrealized gains might ignite a bit of a rally for natural gas. I will keep natural gas on watch. I will keep in mind that a breakout without a corresponding volume the response could be a fakeout. A stop loss would be $1.95 below the support zone while the final target would be $4.75 below the POC line. Interval take profits would be 10% of the forex lots every time the price rises by $0.50 for risk management and good profit taking while underway.
FXOPEN:XNGUSDLong
by AwesomeAvani
XNGUSD Bull Pennant Pattern Short then LongXNG has had a big week with a big bullish momentum move into a symmetrical triangle and then a breakout into a bull flag pattern to finish out the trading week. A Bollinger Band squeeze as the symmetrical triangle was underway preceded the breakout. PRice crossed the POC line of the volume profile where trading volume , liquidity and volatility all are the highest Equities and equity funds like BOIL, KOLD, UNG, UNL, LNG had corresponding moves. The Luxalgo ECHO indicator, a predictive AI tool, suggests that from here XNGUSD will retrace 5% or so perhaps targeting the mid/basis line of the Bollinger Bands and then resume its upward trend. the retracement would be 50% of the uptrend which started the morning of 5/18 which was a 10% move. The indicator is predicting the uptrend resumption for 5/22. By extension, equity instruments that mirror natural gas prices presumably will have similar moves. I conclude that my profits achieved in BOIL options after the big move should be prtially taken off the table to buy some KOLD calls or BOIL puts instead to hedge for the prediction of the algorithm tool.
FXOPEN:XNGUSDShort
by AwesomeAvani
An Important Bullish Breakout in the Natural Gas MarketThe price of natural gas in USD rose sharply on Thursday after the US Energy Information Administration (EIA) reported a slightly smaller-than-expected weekly increase in domestic natural gas inventories. At the same time, an important breakdown of the contracting triangle pattern formed by 2 lines (shown in blue) has formed on the XNG/USD natural gas chart. Presumably, this triangle delineates a market stage in which large players could accumulate long positions at low prices after the downtrend that has been in place in the natural gas market since the beginning of 2023. On Friday morning, the bulls are able to keep the progress made, keeping the price of XNG above the former resistance at 2.575, which can now serve as support. This breakdown may become a stage in the development of an important bullish trend. We previously reported that according to EIA forecasts, the average price of natural gas in 2023 could exceed USD 4. Start trading commodities with tight spreads. Open your trading account now or learn more about making your money go further with FXOpen. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XNGUSD
by FXOpen
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