NGAS (Henry Hub) has unsuccessfully tried to break the DEMA 31 line, as highlighted in the chart in the ellipse. After the unsuccessful attempt, it broke down the channel until the 0.786 Fibonacci retracement. Our assumption is that it will continue the downfall until the support line at 2.197. After that, it will be safe to close half or more of the trade, because there is a good chance of a pullback there.
If you decide to short and willing to take the additional risk, shorting UGAZ will be better than long on DGAZ because of the lower price of UGAZ (and subsequently- lower fees).
More on our website: iam-unchained.com
If you decide to short and willing to take the additional risk, shorting UGAZ will be better than long on DGAZ because of the lower price of UGAZ (and subsequently- lower fees).
More on our website: iam-unchained.com
Nota
Stop-loss will be a break and a closing above the channel line.Operación cerrada: objetivo alcanzado
Closed!GREAT Trade!
23.3% Gain if you shorted UGAZ as I recommended.
~8.5% if you traded NGAS.
Both gains are great!
See you in the next trade.
Nota
* I can't edit the comment above, but it's not a minus sign before the 8.5.It's "~" - which means approximately.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.