UNG the ETF that tracks natural gas futures has continued on a significant uptrend since June
1st The 2H chart suggests to be that the trend will continue this upcoming week. UNG is now
above the POC line of the long multi-session volume profile. UNG has had support from the
VWAP line representing two standard deviations below the mean. In recent days, price has
crossed that mean VWAP in a sign of bullish momentum. The volatility oscillator indicator
is showing bullish volatility while the RSI is high above 80 and staying there without any fade
to suggest bearish divergence. Overall, I will continue to run my position without any partial
take profit. My target is the VWAP line that is two standard deviations above the mean
anchored VWAP and so presently about 7.85. Any new trade would have the same target
while setting the stop loss just below the POC line.
1st The 2H chart suggests to be that the trend will continue this upcoming week. UNG is now
above the POC line of the long multi-session volume profile. UNG has had support from the
VWAP line representing two standard deviations below the mean. In recent days, price has
crossed that mean VWAP in a sign of bullish momentum. The volatility oscillator indicator
is showing bullish volatility while the RSI is high above 80 and staying there without any fade
to suggest bearish divergence. Overall, I will continue to run my position without any partial
take profit. My target is the VWAP line that is two standard deviations above the mean
anchored VWAP and so presently about 7.85. Any new trade would have the same target
while setting the stop loss just below the POC line.
Giao dịch đang hoạt động:
This an interesting video that is relevant to natural gas forecasting
www.youtube.com/watch?v=xWE8dpEh...
www.youtube.com/watch?v=xWE8dpEh...
Giao dịch đang hoạt động:
I got a nice daytrade from BOIL this morning netting 9% on the trade. It is a reverse split candidate for Friday and may be getting some eyes on from inexperienced
traders thinking they might 20X their money in the reverse split. Underlying spot
natural gas price went up 5% so perhaps it is simply a reflection of that.
traders thinking they might 20X their money in the reverse split. Underlying spot
natural gas price went up 5% so perhaps it is simply a reflection of that.