30-Minute Timeframe Analysis
* Trend Overview: UNG is recovering from previous lows, forming an upward trendline. The price recently tested resistance at $17.29, showing hesitation for further upside. However, keep in mind that the market can gap up or down at the open, which could significantly shift the dynamics of this analysis. Traders must re-evaluate and adapt to price action as the session unfolds.
* Key Levels:
* Support: $16.50 and $15.47 are key levels to watch if the price pulls back, especially after any gap down.
* Resistance: $17.29 and $18.00 are immediate levels for a breakout or rejection. A gap up could push the price directly toward higher resistance zones.
* Indicators:
* MACD: Slight bearish divergence indicates a potential pullback or consolidation, but gaps can quickly invalidate this signal.
* Volume: Lower momentum suggests caution; any gap up or down must be supported by a surge in volume for confirmation.
1-Hour GEX (Gamma Exposure) Insights
* Key Gamma Levels:
* Positive GEX: $17.50 and $18.00 are strong call resistance zones, acting as upside barriers unless a gap up adds momentum.
* Negative GEX: $16.00 and $15.00 provide strong put support, offering downside protection unless a gap down creates further pressure.
* Options Metrics:
* IVR: Elevated at 62.3, indicating premium selling opportunities.
* Calls vs. Puts: Bullish skew with calls dominating at 113.2%, reflecting market expectations for upward movement.
* Actionable Gamma Zones:
* Bullish Scenario: A gap up above $17.50 could trigger a gamma squeeze, propelling the price toward $18.00 or $18.50.
* Bearish Scenario: A gap down below $16.50 might increase put activity, driving the price toward $15.50 or lower.
Trade Scenarios
* Bullish Setup:
* Entry: Break and hold above $17.29, or after a gap up that sustains above $17.50.
* Target: $18.00 and $18.50.
* Stop-Loss: Below $16.80.
* Bearish Setup:
* Entry: Breakdown below $16.50, or after a gap down that fails to reclaim $16.80.
* Target: $15.50 and $15.00.
* Stop-Loss: Above $16.80.
Important Note for Traders
* Markets are dynamic, and gaps can change the outlook entirely. Reassess price action at the open and adjust your strategy accordingly.
* For additional technical analysis on UNG or any other ticker, feel free to contact me. I’ll be happy to assist you with a detailed analysis.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your research and trade responsibly.
* Trend Overview: UNG is recovering from previous lows, forming an upward trendline. The price recently tested resistance at $17.29, showing hesitation for further upside. However, keep in mind that the market can gap up or down at the open, which could significantly shift the dynamics of this analysis. Traders must re-evaluate and adapt to price action as the session unfolds.
* Key Levels:
* Support: $16.50 and $15.47 are key levels to watch if the price pulls back, especially after any gap down.
* Resistance: $17.29 and $18.00 are immediate levels for a breakout or rejection. A gap up could push the price directly toward higher resistance zones.
* Indicators:
* MACD: Slight bearish divergence indicates a potential pullback or consolidation, but gaps can quickly invalidate this signal.
* Volume: Lower momentum suggests caution; any gap up or down must be supported by a surge in volume for confirmation.
1-Hour GEX (Gamma Exposure) Insights
* Key Gamma Levels:
* Positive GEX: $17.50 and $18.00 are strong call resistance zones, acting as upside barriers unless a gap up adds momentum.
* Negative GEX: $16.00 and $15.00 provide strong put support, offering downside protection unless a gap down creates further pressure.
* Options Metrics:
* IVR: Elevated at 62.3, indicating premium selling opportunities.
* Calls vs. Puts: Bullish skew with calls dominating at 113.2%, reflecting market expectations for upward movement.
* Actionable Gamma Zones:
* Bullish Scenario: A gap up above $17.50 could trigger a gamma squeeze, propelling the price toward $18.00 or $18.50.
* Bearish Scenario: A gap down below $16.50 might increase put activity, driving the price toward $15.50 or lower.
Trade Scenarios
* Bullish Setup:
* Entry: Break and hold above $17.29, or after a gap up that sustains above $17.50.
* Target: $18.00 and $18.50.
* Stop-Loss: Below $16.80.
* Bearish Setup:
* Entry: Breakdown below $16.50, or after a gap down that fails to reclaim $16.80.
* Target: $15.50 and $15.00.
* Stop-Loss: Above $16.80.
Important Note for Traders
* Markets are dynamic, and gaps can change the outlook entirely. Reassess price action at the open and adjust your strategy accordingly.
* For additional technical analysis on UNG or any other ticker, feel free to contact me. I’ll be happy to assist you with a detailed analysis.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your research and trade responsibly.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.