UGAZ - Chart Link - here's the UGAZ 60 min
chart I commented on last night, since that last rally broke
symmetry, looking for a potential higher low. As Steve commented,
for natural gas generally the first rally is sold, which is what we
saw.
I drew a downtrend line to monitor, and also note the 60
Stochastics, trying to find some support back at 20%
Posted by retirefire on 8th of Oct 2019 at 01:10 pm
So is this a watch for that trend line to break up, or play with
a stop at 12.50? Not asking for a trade just trying to learn if
they are two viable options?
UGAZ comments
Posted by matt on 8th of Oct 2019 at 12:13 pm
UGAZ - Chart Link - here's the UGAZ 60 min chart I commented on last night, since that last rally broke symmetry, looking for a potential higher low. As Steve commented, for natural gas generally the first rally is sold, which is what we saw.
I drew a downtrend line to monitor, and also note the 60 Stochastics, trying to find some support back at 20%
So is this a watch
Posted by retirefire on 8th of Oct 2019 at 01:10 pm
So is this a watch for that trend line to break up, or play with a stop at 12.50? Not asking for a trade just trying to learn if they are two viable options?
I think I would wait
Posted by retirefire on 8th of Oct 2019 at 01:18 pm
I think I would wait for 14.10 and then use that as support ... your horizontal dotted line.