DLavrov
Long

NaturalGas: Bottom and Buy Opportunity

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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Hi Dmitry!

Do you still think this setup is valid? The price tanked very hard last week. Support didn't seem to react to it.
Would appreciate if you could comment over it.
Reply
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