InvestMate|Natgas gaining momentum🔥

🔥Natgas is gaining momentum.

🔥In the current post I would like to give you an overview of my current upward scenario on Natural gas.

🔥As you can see, for a good few weeks the price of natgas has started to rise again.

🔥Big upward impulses are preceded by small corrections.

🔥The level I intend to see is around 8.2

🔥The price level stems from a resistance zone that I determined based on a cluster of two fibo measures.
The first is the 1.618 level of the largest downward correction. The second is the 0.618 level of the entire downward wave from peak to bottom.

🔥This combination of fibo levels is highly effective I am very curious to see how the market will react to it in the coming days.

🔥You can see that as recently the price just approached this level there was immediately a sellers reaction.

🔥I determined the support zone based on the last peak and it has been a place in the past where the price has reacted many times.

🔥The scenario I am playing out is a continuation of the upside, taking into account smaller corrections along the way.

🔥 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.

🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀

Trade closed manually