TradablePatterns
Long

Natural Gas Weekly/Daily Charts Aligning Bullishly

NYMEX:NG1!   NATURAL GAS FUTURES
For the first time since I've added NG             to my watchlist two months back, its weekly and daily charts are pointing bullishly. NG             has been testing a 2yr plus uptrend support over the last few months, and is flirting just above it currently ahead of tomorrow's inventory figures. Weekly RSI , Stochastics and MACD are all turning up. For those who've never traded NG             , be cautious as volatility will spike tomorrow around the release of inventory numbers and may present a false (or legitimate) break below this rising support line. Visit http://goo.gl/NTXHtX for today's technical analysis on $NG_F, $ZC_F, $USDJPY             , $VIX_F, $NQ_F, $NFLX, $TSLA, $ES_F, $USDX, $EURUSD, $EURCHF, $CT_F

Website: http://tradablepatterns.com
FB: http://facebook.com/tradablepatterns
Stocktwits: http://stocktwits.com/TradablePatterns
Twitter: https://twitter.com/chu_darren
Linkedin: https://www.linkedin.com/in/darrenchu
YouTube: https://www.youtube.com/channel/UCCI1YG-qzDMWg6hzYd8D8kw
Google+: https://google.com/+Tradablepatternscom

Email: info@tradablepatterns.com
ZaloRostam
2 years ago
What do you think about UNG (United States Natural Gas Fund L.P.)? Is it bullish too?
Reply
TradablePatterns ZaloRostam
2 years ago
Yes, UNG correlates well with NG, and is looking equally bullish for the next few weeks. The only caution once again apart from inventory tonight is that the monthly chart suggests NG/UNG vulnerable to downside following any near-term rally, with the 61.8% FIB support in my attached chart as a potential downside risk target.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out