Description
⋅ XNGUSD ( Spot Natural Gas ) on the 15 minute chart shows that it has risen to a supply and
resistance zone while the dual time from RSI indicator shows a bearish divergence in the
faster green RSI line. The predictive algo of Luxalgo for the regression line forecasts price
action to be downside. These are enough analytical aspects for me to take short positions on
equities and forex markets for natural gas correcting downside.
Trade closed: target reached
⋅ Price is in a rising wedge pattern with the algo predicting a breakdown.
Trade active
⋅ Trade also taken in KOLD the triple leveraged inverse ETF for natural gas futures
Comment
⋅ Comment
⋅ Warm and sunny here. Low demand helps natural gas fall.
Comment
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