Description
⋅ 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.
Trade active
⋅ XNGUSD rising UNG on equities market is in an ascending channel Trade active
⋅ It was a quiet day for gas watching the chaos of the equity markets from a distance.
Comment
⋅ Comment
⋅ Trading the counter-trend intraday and scalping for profit. Wtching for more !
Comment
⋅ Buying dips intraday and selling upon recovery higher. Trading the counter-trend intraday and scalping for profit. Watching for more !