InvestingScope
Long

Natural Gas: Excellent Buy Opportunity for Long-term Investors.

OANDA:NATGASUSD   CFDs on Natural Gas
Natural Gas is trading within a Channel Down (on the log scale) on the 1W chart ( RSI = 45.584, MACD = -0.111, ADX = 31.401) since 2009. This pattern provides very accurate Cycles, bullish when a Lower Low is made (green arrows) and bearish when a Lower High is made (red arrows).

At the moment the price has just made contact with the Lower Low trend-line, making Natural Gas an automatic long-term buy opportunity for the next 2-3 years. Keep a few reserves for the lower slope dotted Lower Low trend-line for one last buy if needed. Depending on your risk tolerance book the profit just above the 1W MA200 (orange trend-line) and re-buy on the test of the 1W MA50 as support. This pattern took place on the previous two Cycles.



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Comments

Thanks . I’m hopefully too . Waiting for wti to correct to drive this action
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any suggested broker where NG not expire?
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