On the daily chart here XNGUSD had a head and shoulders or double top last summer and fall
and has now trended down to support. I see this as a prime place to take a long position.
The decline of the overvalued USD contributes to this idea as does the persistent demand in Europe
for compressed / liquid NG and the ongoing war there that could eventually grind into WWIII.
ETFs such as BOIL , UNG and UNL may be a good way to make this trade if not in the forex market.
and has now trended down to support. I see this as a prime place to take a long position.
The decline of the overvalued USD contributes to this idea as does the persistent demand in Europe
for compressed / liquid NG and the ongoing war there that could eventually grind into WWIII.
ETFs such as BOIL , UNG and UNL may be a good way to make this trade if not in the forex market.
Trade active
JUst got a big three bar play on the fed announcement or a rate hike.Trade active
Nice price action this morning to begin the week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.