AwesomeAvani

XNGUSD ready to reverse recent downtrend LONG

Long
FXOPEN:XNGUSD   US Natural Gas (Spot) (XNGUSD)
XNGUSD has been on a long downtrend. On the 1 H Chart,

a falling wedge is seen awaiting a breakout. Moving Average slopes are

decreasing their negativity towards zero. ATR / Volatility is decreasing

as is the downtrend momentum on the average directional index indicator.

I see this as a long swing trade setting up for forex or alternatively

a natural gas ETF like UNL / UNG or a natural gas stock like LNG. This

trade would be propelled by the dollar losing strength, inflation being

sustained, WW III in Europe continuing and the weather turning cooler the

remainder of the winter.
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