XNGUSD SPOT NATURAL GAS Slowly getting ready to reverse LONG

2024年2月18日

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.

2024年2月18日

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BTW ! The thin black line is the RSI line superimposed into the main chart and currently rising as a divergence

2024年2月18日

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Zoomed into 5 minutes- price is in a good place a touch below the intermediate term anchored VWAP.

2024年2月18日

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This makes 1.70 the reasonable target of any quick scalp.

2024年2月18日

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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.

2024年2月19日

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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:

2024年2月20日

註釋

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.

2024年2月20日

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2024年2月20日

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Narrow range and Bollinger Bands tight

2024年2月20日

註釋

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

2024年2月20日

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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.

2024年2月20日

註釋

I am disappointed the volume data is not coming across despite a premium subscription for data. Would like to watch volumes and VWAPs. :(

2024年2月21日

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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.

2024年2月21日

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

2024年2月21日

註釋

UNG Short Volume Rising October to present

2024年2月21日

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NG popped from the high tight flag pattern and printed another 4+% - on forex with leverage much larger ROI intraday.

2024年2月22日

註釋

Bull Run rages on

2024年3月5日

註釋

Gas prices rising positions in equities UNG / UNL and on leveraged Forex

2024年5月19日

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Spot Gas has reversed in the past month and is ascending =. See also UNG idea.

price has moved up 46% in the intervening month perhaps helped by traders with short positions getting squeezed. I have banked their losses and look forward to more of the same in the days ahead.