DLavrov
Long

Natural Gas: New Bullish Trend and When to Buy

OANDA:NATGASUSD   CFDs on Natural Gas
The price broke the main downtrend line and moved above the cloud. From this moment, we can talk about bullish market conditions and search for buy opportunities.

Opening long trades based on the current prices does not look like a good idea. The price is not far from the resistance levels, and we can get a reversal very quickly. The market is overbought. RSI confirms the possible reversal. At the same time, DMI is bullish . ADX line moves upward, and it is above 20. We have the trend market conditions.

How to trade?
For getting an excellent entry level it will be better to wait for the retracement to the zone between the downtrend line and Senkou B. Reversal signals from this zone should be used for buying. Stop orders must be placed below the cloud and the nearest swing low. Profit targets should be resistance levels.
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Havent seen a pullback so that we can buy?
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Talk about SnD fundamentals here...
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@eimsav, it is just another approach...
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