Expate

GAS is almost ready for the next move

Long
Expate Updated   
CAPITALCOM:NATURALGAS   Natural Gas
Europe is full with gas, and the winter is soft, and blah blah blah.
Let's see through technical glasses, 0.886 level is strong level, I expect that gas will reach it, mot probably even brake it, and afterwards we seek for golden pocket and 0.5 fib.
Support and resistance, baby!
Trade active:
NGAS is ready for the first small entry.
Position opened on 2.26$
Trade active:
Moving SL to BE, NGAS doesn't look that good for me.
Trade active:
Moving SL 1/2 of the trade to 0.886 level

Good luck guys!
Trade closed: stop reached:
Stop loss was reached @ 2.50
Comment:
Bullish divergence on the weekly chart for natgas suggests a potential shift in momentum, indicating underlying strength despite price stagnation.
Potentially, expecting 2$ test in short-term and then I'm expecting bullish rally.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.