on the 4H chart is showing a round bottom reversal at the bottom of the high voume area
and rose over the POC line of the intermediate-term voume profile. Price now has room for
a 50% move to the top of the high volume area at $ 52. The chart shows the relative
volume indicator supports a long buy as does the dual time frame RSI.
A speculative call option...
Here on a dialy chart I have plotted the ratio of BOIL share price to that of KOLD, its leveraged
inverse. They both react to and reflect natural gas prices which are currently rising. I have also
plotted the supply demand indicator from Luxalgo and a better RSI indicator. As can be seen
on the chart the ratio ascended from relative weakness last fall into a...
BOIL had trended down from a high about May 19 until June 2nd when it reversed and gained
for one week before resuming its trend down. This can be seen on the half hour chart. The
The attached RS indicator shows the decreasing strength trending down from 65 to 40 over the
past few trading days. Upon drawing trendline support and resistance. I note that a...
BOIL on the 2H chart has bottomed and begun the reversal as this leveraged natural gas fund
sees a red to green in the HA candles as well as the volume. Price has crossedover the POC line
of the long-term volume profile and exploded from a Doji candle below the mean anchored
VWAP with consecutive engulfing bullish candles.
The Luxalgo AI predictive indicator...
On the 4 hour chart- UNG had a head and shoulder pattern in May from which it descended
in a gradual fashion from May 25 to June 2nd and then reversed upward. The reversal occurred
at two standard deviations below the mean anchored VWAP and so deep in the oversold
area. Price has crossed over the higher VWAP line and so is in the band between the mean...
BOIL on the 15-minute chart is currently in an upward facing megaphone pattern. I have drawn
in the upper and lower trendlines which are a form of static support and resistance. The
megaphone pattern is one of increasing volatility between buyers and sellers and indecision
It is the opposite of consolidation in a narrow channel. The anchored VWAP
shows...
XNGUSD on the weekly chart showing two years of price action with weekly candles
shows the rise in 2021 into spring 2022 then printing a head and shoulders pattern
and the reversal to deep into the support/demand zone. The volume profile shows
the majority of the trading during this time period to have been between $3.75 and
$ 8.50. It would seem likely that...
On the daily chart, BOIL price has never been lower and the relative volume has never
been higher in the past five years. Being mindful, this is leveraged it falls faster than an
the unleveraged counterpart of the same commodity ( UNG INL) However moves in the
opposite directions are also amplified. Horizontal red lines are drawn in consideration
of...
NG broke out of a symmetrical triangle in textbook fashion. I'm long from the break out and targeting the resistance line in a larger channel formation, although I took some profit today.
I'm an optimist by nature, and I'm glad to be long something in my portfolio.
The price is on a 1D Channel Up (RSI = 57.179, Highs/Lows = 0.011). As seen on the chart a Higher Low needs to be price and we have two scenarios for that: soft support at 2.765 and hard support at 2.740. We will use both spots as long entries for a potential Higher High TP = 2.900.
Centerline catches pretty good price-action (frequency) of this market.
The prior Hagopian way down below at the L-MLH tell us, that the market will go back more then from where it came. So, this would imply that we will see NG soon way above the centerline.
P!
