fondiea
Short

Natural gas that became difficult to penetrate 3.000?

OANDA:NATGASUSD   CFDs on Natural Gas
It was stopped cleanly at MPP 3.028 last weekend and pushed back, it raised it again, but this time it was pushed back to double zero 3.000.

weekly chart


In terms of weekly chart, it is sometimes the center of the range, and in the long term it is a market where we can not imagine which direction it will go.
In this situation, I think that we will continue to conduct short-term trade by seeing the young,and highly reliable resistance and support reactions.


1) Double Zero Judge that 3.000 functions as resistance.
Short and set limits above MPP 2.853 or above 2.900.

2) It is doubtful that double zero 3.000 is functioning.
Return to MPP 3.02 again or possibly reach YPP 3.052, so continue observation.



------------------------- <Legend> --------------------------
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding double zero

Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close

x mark: Line which may not function
------------------------- <Legend> --------------------------
Trade closed: target reached:
It was an early end.
I set limits above WePP.
hello, what do you think about NATGAS price movement next weeks?
Reply
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