DLavrov

NaturalGas: Bottom and Buy Opportunity

Long
OANDA:NATGASUSD   CFDs on Natural Gas
It can be a very good buy opportunity. The price reached the local bottom, and we should be ready to use a reversal to open long trades.

If the price bounces from the support, it will be possible to buy with stop orders below 2.00 level. The market can start a new uptrend or just continue the sideways movement in the borders of the horizontal price channel. It does not matter for us as for both cases we have room for the upward movement.

The market must be added to a watch list as the market with a very good buy opportunity. If the price drops below 2.00, it will confirm the continuation of the bearish trend. But lower, the market also has strong support levels, which will be good for buy as well as the support zone we use now.

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