XNGUSD ready to reverse recent downtrend LONG
Updated
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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