UNG can it rally from another monthly low ? LONG

4 thg 2

UNG on the daily chart has put in another monthly low similar to that of December after

falling from a double top in early January. Gas production may be low. Storages may be

depleting as demand is steady even in mild winters. The indicators show mild bullish

divergence on the zero-lag MACD and volatility compression on the Fibonacci levels with low

volumes overall and selling predominating. RSI levels are in the upper 40s and staady.

I see this as a long trade setup targeting first 22 near to the midline of the Fib bands and

then 24 at the Fib retracement level for the trend down from October into late December.

The stop loss is about 2% at 19. R:r 2.6 : 0.4 or about 6.

6 thg 2

Giao dịch đang hoạt động

Trading sideways in narrow range.

9 thg 2

Đóng lệnh: dừng lỗ

Ouch. Closed 90% of the position the rest remain to countertrend and reverse and claw back some of the losses.

5 thg 3

Giao dịch đang hoạt động

XNGUSD rallying in an ascending channel long position adds when at lower trendline.

4 thg 6

Ghi chú