Trader trade0039 — Trading Ideas & Charts

, 1DShort

Little updates on Natural Gas... Forming Rising Wedge - Bearish Pattern RSI Divergence - Bearish PPO Divergence - Bearish Waiting for the break of the Trendline!

UNG Short Setup

UNG

, 60Short

trade0039

UNG is forming Rising Wedge Long term we can see its forming a perfect Bearish Head and Shoulder pattern Short term target is at $23 Mid Term target is $21 Long Term target is at $12

XLE XES Bearish Pattern in Play (Bearish)

XLE

, 1DShort

trade0039

Clearly there is a Bearish Divergence on XLE and XES on RSI and PPO On Weekly time frame as well, there is negative divergence Risk to Reward clearly favors Short Opportunity

NG1! Short Opportunity

NG1!

, 120Short

trade0039 Updated

I think its been a volatile for the past couple of weeks but as days goes by we should be seeing less and less demand for both Natural Gas and Crude Oil. Also technically, XES and XLE is looking very Bearish on Weekly and Daily Time Frame. Wanted to provide little update on UNG and NG1!, which is forming perfect Bearish Rising Wedge

NG1! Head and Shoulder Bearish Pattern

NG1!

, 1DShort

trade0039

A little updates on Natural Gas for those who are following NG1! and UNG closely Now we are seeing tons of Bearish pressure on Nat Gas on Weekly, Daily and Hourly TF. Chart shows a possible Bearish Head and Shoulder pattern for NG1! Also we are seeing tons of Bearish Divergence on RSI and PPO

NG1! UNG Short Setup - Rising Wedge

NG1!

, 120Short

trade0039

I think we should see Natural Gas Tank from here In US NatGas supply has been declining exponentially Also technically NatGas is forming rising wedge which is the Bearish Setup