Looking at NatGas here. Looks like we had a reversal a week ago, then a retest. I could see a good move here with little risk to the downside. Set your stops at Yesterdays lows. Should not test again. Upside target to the 200 ma
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Bullish Shark pattern in play.
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We have a higher high. Im looking to take a small position here with stops below recent lows.
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Approaching the 200sma. I expect some chop here. You may want to sell, or lace a stop. Could break thru strong. Have to see. Don't lose your profits.
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Trade continues. Looks like NatGas wants to move higher than the 200ma.
Trade closed: target reached:
38.2% retrace, so I closed the trade. Made some $$$. Could go higher.