Fortvne

NatGas Long

Long
Fortvne Updated   
OANDA:NATGASUSD   CFDs on Natural Gas
Based on previous bounces on the actual trendline, Natgas should go long, need to wait for price confirmation.

Comment:
PS: price is likely to bounce on the low resistance (purple, bottom) this is the support holding the lowest prices on NatGas, with 4 previous rejections: Sept 2009, April 2012, March 2016, multiple rejections on July, Augst, Sept, Nov.
Comment:
Possible double bottom forming on H1 and H4 time frames.
Comment:
Waiting for the break of the resistance level (2.345)
Comment:
Another chance to make some profit, at least targeting 2.470 resistance, just like the previous reversal.
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