Further upward movement in natural gas is limited. The trend remains bearish.
The only thing that holds me back from opening a short position is the need for a wide stop above the 3.85 high, which is nearly 4.5%. The downside target is at least the $3 level, potentially down to $2.60.
Everything looks good, but the stop is very wide.
That’s why I’m starting with a small position size and will add more as the idea plays out .
The only thing that holds me back from opening a short position is the need for a wide stop above the 3.85 high, which is nearly 4.5%. The downside target is at least the $3 level, potentially down to $2.60.
Everything looks good, but the stop is very wide.
That’s why I’m starting with a small position size and will add more as the idea plays out .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.