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
What do you think about UNG (United States Natural Gas Fund L.P.)? Is it bullish too?
Reply
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
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out