Looking at the charts for both, there are pretty impressive intraday divergences that imply a high probability that today's gap is filled, beyond intraday there are charts with high probabilities suggesting a move lower. I don't see this move as connected too closely with the broad market, I think it is its own move, but these two charts sum it up...
UNG 2 min positive intraday looks like today's gap will be filled.
The 5 min DGAZ looks like after that there's more downside room for UNG, all of the charts confirm in numerous timeframes, I think probabilities are high of a gap fill and then a move lower.
I was considering whether I should sell DGAZ and re-open it tomorrow or another day, I decided not to over-trade this position and just stay with probabilities, but I wanted to let you know.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
No comments:
Post a Comment