AwesomeAvani

XNGUSD Looking for Bullish continuation LONG

Lång
AwesomeAvani Uppdaterad   
FXOPEN:XNGUSD   US Natural Gas (Spot) (XNGUSD)
XNGUSD is still in oversold and undervalued territory as demand may be mitigated

by anticipation of milder weather and supplies seem to be more than adequate. XNGUSD

may move higher if either of those factors changes. The chart shows price about 15% above

support and about 60% below heavy resistance. The RSI indicator shows the faster RSI line

above the 50 level and so I think the bullish move is supported by buying volume. I will take

a long trade on forex and in UNG / UNL on the equities market.
Handel aktiv:
XNGUSD rising UNG on equities market is in an ascending channel
Handel aktiv:
It was a quiet day for gas watching the chaos of the equity markets from a distance.
Kommentera:
Kommentera:
Trading the counter-trend intraday and scalping for profit. Wtching for more !
Kommentera:
Buying dips intraday and selling upon recovery higher. Trading the counter-trend intraday and scalping for profit. Watching for more !


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