NatGas ready to heat up in 2020!
A corrective WXY seems near completion in /NG. A break above 2.28 area could see us up up to 2.70 at the least and potentially higher if WXY corrective is finished. If it is not finished and we have further downside left, a move to 1.98-1.82 to the .88 Fibonacci retrace level would not surprise me.
Summary of trade 1: Long Nat Gas on break of 2.28 with a stop slightly below that level. Look to take some off at 2.60-65 area and raise stop to entry on rest.
Summary of trade 2: Go long on a PTP BUY signal ff Nat Gas gets into the 1.98-1.82 area and put your stop at the low of bar 2 bars from entry.
Summary of trade 1: Long Nat Gas on break of 2.28 with a stop slightly below that level. Look to take some off at 2.60-65 area and raise stop to entry on rest.
Summary of trade 2: Go long on a PTP BUY signal ff Nat Gas gets into the 1.98-1.82 area and put your stop at the low of bar 2 bars from entry.
All the best.
PTP