MarkMarkets

Possible trend inversion

Long
OANDA:NATGASUSD   CFDs on Natural Gas
New year, new minimum not confirmed, break of the parallel channel, ADX over 25: are we going to see a trend inversion? We surely say yes when the EMAs will cross, but the strong raise movement make us think that will happen. An important resistence is placed at 0.50 Fibo's retracement. We can go long for now setting a stop loss at a price of 2,839 (0.23 Fibo) and a first take profit at 3,180 (0.50 Fibo).
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