KOLD 3X INVERSE NATURAL GAS REVERSAL
KOLD is at a monthly low; support is set at Volume Profile POC.
Relative volume tells the story. Natural Gas has had the
highest YTD appreciation of all commodities. Needed in Europe
( by Liquid Gas- LNG) to burn to generate electricity to
air condition the heat wave right now but this ETF
is tracking futures not the spot NG price.
Assuming price action to reach the prior monthly high in
early July price could go from $15 to $40 or about
more than 200% potential upside.
Price is at the POC confluent with the midline of the EMA 9
band channel as well as the bottom of the cloud
on the one-hour chart.
KOLD goes up when natural gas drops on a future basis.
Airconditioning will decrease in the fall and then NG heating
will increase in the winter.
Options volume is available but low. At least at the monthly
bottom a fairly tight stop could be set with potential upside
on the 8/19 expiration for the strike 18/19 with a potential
on the upside of 10X.
Relative volume tells the story. Natural Gas has had the
highest YTD appreciation of all commodities. Needed in Europe
( by Liquid Gas- LNG) to burn to generate electricity to
air condition the heat wave right now but this ETF
is tracking futures not the spot NG price.
Assuming price action to reach the prior monthly high in
early July price could go from $15 to $40 or about
more than 200% potential upside.
Price is at the POC confluent with the midline of the EMA 9
band channel as well as the bottom of the cloud
on the one-hour chart.
KOLD goes up when natural gas drops on a future basis.
Airconditioning will decrease in the fall and then NG heating
will increase in the winter.
Options volume is available but low. At least at the monthly
bottom a fairly tight stop could be set with potential upside
on the 8/19 expiration for the strike 18/19 with a potential
on the upside of 10X.
Dagangan aktif
Spot natural gas is downtrending so seems reasonable to stay in this triple leveragedNG ETF and look for decent short term returns or until the market downturns on the daily chart watching that chart for short candles or dojis to begin with.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.