Technical Analysis Overview
* Trend Analysis:
* UNG is forming a potential ascending triangle pattern on the 4-hour chart, with higher lows and resistance around $17.00.
* The price action suggests a bullish breakout if it sustains above $17.00.
* Support and Resistance:
* Support: $15.49 (key horizontal support), $14.77 (PUT support wall).
* Resistance: $17.00 (near-term breakout level), $19.50 (major resistance).
* MACD:
* The MACD line is crossing above the signal line, confirming bullish momentum in the short term.
GEX Analysis
* Call Resistance Levels:
* $17.50 (48.19% GEX): Strong call wall, crucial for a breakout confirmation.
* $19.50: Next major resistance if the price moves above $17.50.
* Put Support Levels:
* $14.77 (-12.76% GEX): Highest negative GEX and a solid downside cushion.
* Options Activity:
* IVR: 63.4, indicating relatively high implied volatility.
* Calls dominate the options chain with 79.8% CALL skew, signaling strong bullish interest.
Trade Setups
* Bullish Scenario:
* Entry: Above $17.05 with strong volume confirmation.
* Target: $18.50 → $19.50.
* Stop-Loss: Below $16.50.
* Bearish Scenario:
* Entry: Below $15.40.
* Target: $14.80 → $14.00.
* Stop-Loss: Above $15.75.
Final Thoughts
UNG appears poised for a breakout above $17.00. Traders should monitor volume closely for confirmation. While the bias is bullish, key support at $15.50 should be watched for invalidation.
Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own research and manage your risk appropriately.
* Trend Analysis:
* UNG is forming a potential ascending triangle pattern on the 4-hour chart, with higher lows and resistance around $17.00.
* The price action suggests a bullish breakout if it sustains above $17.00.
* Support and Resistance:
* Support: $15.49 (key horizontal support), $14.77 (PUT support wall).
* Resistance: $17.00 (near-term breakout level), $19.50 (major resistance).
* MACD:
* The MACD line is crossing above the signal line, confirming bullish momentum in the short term.
GEX Analysis
* Call Resistance Levels:
* $17.50 (48.19% GEX): Strong call wall, crucial for a breakout confirmation.
* $19.50: Next major resistance if the price moves above $17.50.
* Put Support Levels:
* $14.77 (-12.76% GEX): Highest negative GEX and a solid downside cushion.
* Options Activity:
* IVR: 63.4, indicating relatively high implied volatility.
* Calls dominate the options chain with 79.8% CALL skew, signaling strong bullish interest.
Trade Setups
* Bullish Scenario:
* Entry: Above $17.05 with strong volume confirmation.
* Target: $18.50 → $19.50.
* Stop-Loss: Below $16.50.
* Bearish Scenario:
* Entry: Below $15.40.
* Target: $14.80 → $14.00.
* Stop-Loss: Above $15.75.
Final Thoughts
UNG appears poised for a breakout above $17.00. Traders should monitor volume closely for confirmation. While the bias is bullish, key support at $15.50 should be watched for invalidation.
Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own research and manage your risk appropriately.
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.