GrowthSpur

Natural Gas Big Bear Dump

Short
CURRENCYCOM:NATURALGAS   Natural Gas
Market already on the move, structure a clear bear channel that has already broken, more dump to follow.

Trade at your own risk, analysis based on technicals only.

Comments

Just imposible to go so low, the heating season is starting, and it's almost November, soon Natural gas pick up a lot of demand. Do you look to fisical gas, th the weather??
In the grafic you see that's happen already, but you never know how much they buy and sell.
My opinion, soon it will be 4.000, but 3500 and more for shure.
2600 impossible and it already went there in. Octuber contract, but again demand is growing. And also last days we didn't had volontility it was super low, to go hight we need a lot of volontility.
+1 Reply
@bos711, Hello, thankyou for you insight, it seems you likely incorporate fundamentals in your trading plan. I am more a technical trader with little to no fundamentals in my trading plan. I usually go for first target and analyse what technicals are showing me in regards to 2nd target.
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Never going to happen.
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GrowthSpur ryan-snk
@ryan-snk, Looks like it did lol, first target hit very nicely :)
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ryan-snk GrowthSpur
@GrowthSpur, Excellent call my pubescent growth spur... so far.
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