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Daniel.T
Jan 11, 2017 8:51 PM

NATGAS up? Long

Natural GasOANDA

Description

NATGASUSD failed to make a lower low and is testing resistance at 3.3
I'm already bought earlier this day at 3.21 with very tight stop-los but will add extra positions if it can brake resistance and move above the 10 Daily EMA.
I will update later on.

Comment

Price "fighting" with 10 Daily EMA and again trying to brake resistance at 3.3 and also trying to brake R3 & R4 pivots. If it brakes I'm 100 bullish.

Comment

EIA data was good. (Decline in gas inventory is more than expected) So we see a nice move up with a 3.42 spike

Comment

First target is around 3.8 for me

Comment

Previous resistance becomes support.
Trade looking good so far.

Comment

Price at 10 Daily EMA. Good opportunity to re-enter. I placed a small buy position with tight stop los

Trade closed manually

Priceaction to bearish. Closed trade. In profit but less than expected.
Comments
TraderMikeCan
Hi Daniel, good chart and I am long on Natgas for the short term as well. Do you trade UGAZ and DGAZ or the commodity itself?
Daniel.T
@TraderMikeCan, I'm trading only the commodity itself on a leveraged trading account.
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