UNG Natural Gas ETF now rising from its reversal LONG (XNGUSD )

업데이트됨
UNG on a 120-minute chart has reversed from a long trend down which started in mid -January.

This was a steep trend down from the start into mid- March where the trend angle lessened in

a period of relative consolidation until May 1st where the reversal occurred. This is a falling

wedge breakout with the trendlines of the wedge in thick red and thick green for resistance

and support respectively. The VWAP band lines have been downsloping. Price is breaking through

the lower band lines and heading toward the mean anchored VWAP line. Price is now above

a EMA 100 Keltner Channel which is now trending up.

I will take long trades here of both shares and call options. The targets are marked with

black horizontal lines from pivots in Jnauary. The are in the levels of 21 and 26 for now.

I would not be surprised if UNG moves up and targets the highs of last October at 30 in the

upcoming months. Many utility companies this summer will be burning gas to generate

electricity needed for air conditioning and demand should be rising.



액티브 트레이드
Zoom In for current trading detail demonstrating obvious bullish momentum:
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스냅샷
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액티브 트레이드
Wide view with levels and targets 스냅샷
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Another day higher. Watching for a momentum stall but full position held.
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스냅샷
액티브 트레이드
Bullish momentum continues. Full position. No adds.
액티브 트레이드
10% of the position closed at a profit of $ 1.50 per share. Expecting profit taking on Friday will drive price down a bit and will add into the position then.
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AS expected profit taking drove price down and 20% added to the position before
close of the market week.
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Adding to the position on the pullback.
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Nice price action. Partial profit taken (25% of the position) Targeting $ 20 for another. 스냅샷
BOILgaslongMoving AveragesNatural GasUNGVolumevwapbandsvwapbreakoutwedgebreakoutWedgexngusd

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