The bid-ask on 0NG is currently at 0.07895. On the four-hour timeframe, trading volume has shrunk severely; both bulls and bears are waiting for a direction. Above 0.0805 to 0.0812 is the previous dense trading zone, where sell pressure is real and solid. Below 0.0778 to 0.0768 is a strong support zone—when price wicks down to that area, buy orders are likely to come in. The MACD momentum histogram has been repeatedly grinding around the zero line. This setup isn’t suitable for chasing orders; just wait for it to choose a direction on its own. I’ve just finished registering the tenant for the owner, and the security guard uncle called me to pick up a package—so I glanced at my phone.
Looking at pure K-lines: on the hourly chart, several consecutive candles have closed with small bodies, and the weight hasn’t clearly shifted downward. The bears don’t dare push hard, but the bulls are also hesitant—rebound volume can’t keep up. In this kind of narrow-ranging chop, the most taboo is getting whipsawed back and forth. Either wait for a pullback to support to go long, or wait for a breakdown to chase a short. Don’t touch the middle range. Given the current trading sentiment, I lean toward the bullish side. After all, that lower support has been tested multiple times and works; the risk-reward is better.
For execution: on a pullback near 0.0778 to 0.0772, enter long with a light position. Put the stop at 0.0759. The first target is 0.0801. If price pushes up but doesn’t break, close half. The remainder can look at 0.0810. If price breaks down below 0.0772 with volume, don’t overthink it—follow the trend to short. Target 0.0756, with a stop at 0.0782. Keep an eye on volume—don’t waste bullets on fake breakouts.
$ONG
#美股三大股指周线下跌
Looking at pure K-lines: on the hourly chart, several consecutive candles have closed with small bodies, and the weight hasn’t clearly shifted downward. The bears don’t dare push hard, but the bulls are also hesitant—rebound volume can’t keep up. In this kind of narrow-ranging chop, the most taboo is getting whipsawed back and forth. Either wait for a pullback to support to go long, or wait for a breakdown to chase a short. Don’t touch the middle range. Given the current trading sentiment, I lean toward the bullish side. After all, that lower support has been tested multiple times and works; the risk-reward is better.
For execution: on a pullback near 0.0778 to 0.0772, enter long with a light position. Put the stop at 0.0759. The first target is 0.0801. If price pushes up but doesn’t break, close half. The remainder can look at 0.0810. If price breaks down below 0.0772 with volume, don’t overthink it—follow the trend to short. Target 0.0756, with a stop at 0.0782. Keep an eye on volume—don’t waste bullets on fake breakouts.
$ONG
#美股三大股指周线下跌