TradingView
Tr8dingN3rd
Nov 30, 2018 12:52 PM

NG - NatGas on it's path to the 3rd high Long

Henry Hub Natural Gas FuturesNYMEX

Description

This market is only for a view investors, but really not recommended for retail traders with pockets smaller then a couple Millions.

As for the chart analysis on the weekly timeframe, we see that price had blown through the confluence point and through a couple resistance ranges.

The target is the white centerline.
A potential pullback to the prior resistance is absolutely possible.

Remember what Forks are for: "They project the most probable path of price", nothing more, nothing less. So as long as price trades within the white up-sloping Fork, the direction is clear.

Don't mess with the Dragon if you're not really sure you can handle him...

P!

Comment

Weekly only:

More