OANDA:NATGASUSD   CFDs on Natural Gas
We should be back at 3.1 this week.
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Long
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Very dramatic
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Reversed apprx 1.8 % relative to intraday low. That's not bad, so we could expect further upmove tomorrow.
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I think we can all agree upon that price action of natgas has been pointless for several months. We just don't move :) But this time I think we may have the chance to break out upwards of the range (we need to take out 3.15 to go higher).
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2.96 is a nice place to add to longs.
Quite pointless that it passes the level and spends valuable time just to have to go back. Better to cross it with 3 cents, reverse, touch it, then fly further. But natgas loves to use time :D
Comment:
Still very slow-moving.
I still have 3.1 as my target this week.
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