If UNG can hold $12.52-$12.53 and reverse up. We have a safer
entry for a nice swing. In my opinion, I have stalked this level
and feel it is lower risk.
On 5 min chart, it's back testing the 9ema from below. So, I am
waiting to see what happens there. Nat gas daily has been a
terrible looking chart for a while now. Also, note that today's
price rejection at the high was, to the penny, the 9 ema on the
daily chart. So keep your stop in place if you go long!
HEADS UP SEVEN UP!
Posted by zitron on 3rd of Sep 2015 at 10:30 am
If UNG can hold $12.52-$12.53 and reverse up. We have a safer entry for a nice swing. In my opinion, I have stalked this level and feel it is lower risk.
On 5 min chart, it's
Posted by frtaylor on 3rd of Sep 2015 at 10:34 am
On 5 min chart, it's back testing the 9ema from below. So, I am waiting to see what happens there. Nat gas daily has been a terrible looking chart for a while now. Also, note that today's price rejection at the high was, to the penny, the 9 ema on the daily chart. So keep your stop in place if you go long!
UNG 60
Posted by zitron on 3rd of Sep 2015 at 10:36 am
UNG 60
I'm no expert, but I
Posted by frtaylor on 3rd of Sep 2015 at 10:41 am
I'm no expert, but I don't agree with the lower trend line of that wedge. Too much white space.
That's not a wedge. It's just support imo.
Posted by zitron on 3rd of Sep 2015 at 10:47 am
It's my stop out should I enter.