InvestingScope

Natural Gas: Buy opportunity on the 1W Support.

Long
OANDA:NATGASUSD   CFDs on Natural Gas
Natural Gas has been on a strong sell sequence since the rejection on the 2.700 Resistance. 1D may be bearish still (RSI = 39.610, MACD = -0.081, ADX = 41.622, Highs/Lows = 0.0110) but we are on the 2.100 - 2.035 1W Support Zone. This is the first bullish sign with the second being the flat RSI (bullish divergence) since November 29th. We are expecting Natural Gas to reverse towards the 2.500 and 2.700 Symmetrical Resistance levels. If however the 1W Support breaks, a new selling sequence may be initiated towards 1.600 - 1.440.





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